Xero
Simple, secure accounting for Singapore businesses.
Xero is a cloud-based accounting software offering essential business management tools and powerful insights for businesses in Singapore. It provides various pricing plans catering from sole traders to established businesses, with features like invoicing, bank reconciliation, and reporting.
Singapore snapshot
Pricing (SGD incl. 9% GST)
S$39/mo
Free tier
Available
PSG grant eligible
Yes — up to 50% subsidy
PDPA compliant
Checking
SG / APAC data centre
No
SkillsFuture eligible
No
Stackd review
For personal use
Individuals, freelancers, students
Xero provides essential accounting tools for sole traders, new businesses, and the self-employed in Singapore. It helps with invoicing, accepting payments, and bank reconciliation to manage finances efficiently.
Pros
+Send invoices and quotes
+Accept online invoice payments
+Reconcile bank transactions
+View real-time reports
+Forecast cash flow (30 days on Starter plan)
+Free 30-day trial available
Cons
–Starter plan limits invoices (20) and bills (5)
–Expense claims and project tracking are optional add-ons
Singapore context
Good for freelancers and self-employed individuals to manage their finances in Singapore, although specific local tax filing features like GST or CPF are not explicitly detailed in the provided search results.
For business & teams
SMEs, startups, MNCs
Xero is a secure cloud accounting solution for Singaporean SMEs and established businesses, offering features from invoicing and reporting to cash flow forecasting and multi-currency handling. It is eligible for the Productivity Solutions Grant (PSG), allowing businesses to receive up to 50% funding support.
Pros
+Eligible for PSG with up to 50% funding
+Supports multiple currencies
+Advanced reporting and performance dashboards
+Bulk reconcile transactions
+24/7 online support
+Safe and secure platform
+Scalable plans for growing and established businesses
Cons
–Optional modules for expenses and projects add to cost
–Starter plan limits invoices and bills, potentially insufficient for growing businesses
Singapore context
Singaporean SMEs can significantly benefit from Xero's PSG eligibility, reducing the cost of digitalizing their financial management with a reliable, cloud-based accounting platform.
Pricing — Singapore view
Paid plan PSG eligible
From USD $29/mo
S$42.67/mo
incl. 9% GST
Free tier
Limited features
S$0
PSG grant available. Singapore SMEs can claim up to 50% subsidy on qualifying plans through IMDA's Productivity Solutions Grant.
Alternatives
Recent Singapore updates
InvoiceNow Now Mandatory for New Voluntary GST Registrants
IMDA's e-invoicing mandate takes effect for new voluntary GST registrants from April 2026. Verify your accounting software is accredited before your next invoice run.
PSG Approved Solutions List Updated for Q1 2026
New tools added across accounting, HR, and CRM categories. Several older solutions removed. Check if your shortlisted tool is still PSG eligible.
Singapore FAQ
Is Xero available in Singapore?
Yes, Xero has a dedicated Singapore website (xero.com/sg), offers pricing in SGD, and participates in Singapore's Productivity Solutions Grant (PSG) program.
Does Xero support SGD pricing?
Yes, Xero's pricing plans are clearly listed in Singapore Dollars (SGD) on its Singapore website.
Is Xero PSG-eligible?
Yes, Xero accounting software is eligible for the Productivity Solutions Grant (PSG), offering up to 50% funding support for eligible SMEs in Singapore.
Is Xero PDPA compliant?
The provided search results do not explicitly state whether Xero is PDPA compliant.
Does Xero have a Singapore data centre?
The provided search results do not confirm the location of Xero's data centres, including whether one is in Singapore.
Ready to try Xero?
Visit the official website to sign up or start a free trial.