QuickBooks
Accounting
Xero
Accounting
QuickBooks vs Xero in Singapore — which is right for your business?
Both are accounting tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | QuickBooks | Xero |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$null/mo | S$39/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Yes — up to 50% |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | Yes | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
QuickBooks
Businesses in Singapore can utilize QuickBooks for GST compliance and leverage local sales support, although integration with local payment and contribution systems like CPF and PayNow is not confirmed.
Xero
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.
Pros & cons — Singapore view
QuickBooks
Pros
+Comprehensive cloud accounting features
+GST & VAT tracking supported
+Mobile accounting app
+Suitable for various industries (Trade, Retail, Professional Services, etc.)
Cons
–Pricing plans not explicitly detailed in the provided text
–PSG eligibility unconfirmed
–No confirmed support for CPF or PayNow
Xero
Pros
+Eligible for PSG with up to 50% funding
+Supports multiple currencies
+Advanced reporting and performance dashboards
+Bulk reconcile transactions
Cons
–Optional modules for expenses and projects add to cost
–Starter plan limits invoices and bills, potentially insufficient for growing businesses
–Starter plan limits invoices (20) and bills (5)
Who should choose which
Choose QuickBooks if...
›SMEs
›Startups
›Professional Services
›Freelancers
Choose Xero if...
›SMEs (PSG eligible)
›Growing small businesses
›Established businesses of all sizes
›Sole traders
Singapore FAQ
Is QuickBooks available in Singapore?
Yes, QuickBooks is available in Singapore and offers a local sales support number (+65 3105 8428 or +65 31633422) for inquiries.
Does QuickBooks support SGD pricing?
While QuickBooks offers local sales support for Singapore, the provided information does not explicitly state pricing in SGD on this global pricing page. Plans and pricing need to be viewed separately.
Is QuickBooks PSG-eligible?
The provided search results do not confirm if QuickBooks is eligible for PSG grants in Singapore.
Is QuickBooks PDPA compliant?
The provided search results do not mention whether QuickBooks is PDPA compliant.
Want to explore each tool further?
Read our full Singapore reviews before deciding.