Wave
Accounting
Xero
Accounting
Wave 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 | Wave | Xero |
|---|---|---|
| SGD pricing (incl. 9% GST) | Check website | S$39/mo |
| Free tier | No | Yes |
| PSG grant eligible | Checking | Yes — up to 50% |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
Wave
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
Wave
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 Wave if...
Choose Xero if...
›SMEs (PSG eligible)
›Growing small businesses
›Established businesses of all sizes
›Sole traders
Singapore FAQ
Is Wave available in Singapore?
Based on the provided search results, there is no information about Wave accounting software.
Does Wave support SGD pricing?
Based on the provided search results, there is no information about Wave accounting software.
Is Wave PSG-eligible?
Based on the provided search results, there is no information about Wave accounting software.
Is Wave PDPA compliant?
Based on the provided search results, there is no information about Wave accounting software.
Want to explore each tool further?
Read our full Singapore reviews before deciding.