Wave
Accounting
Zoho Books
Accounting
Wave vs Zoho Books 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 | Zoho Books |
|---|---|---|
| SGD pricing (incl. 9% GST) | Check website | S$0/mo |
| Free tier | No | Yes |
| PSG grant eligible | Checking | Checking |
| 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
Zoho Books
The free plan offers a cost-effective entry for Singaporean micro-SMEs, but businesses must conduct due diligence to confirm its specific support for critical local requirements like GST filing and InvoiceNow readiness.
Pros & cons — Singapore view
Wave
Zoho Books
Pros
+Free plan for businesses with revenue up to S$50K
+Scalable with user add-ons (from $3/user/month)
+Assists with compliance headaches and late invoicing
+Indefinitely free for low revenue (under S$50K)
Cons
–Specific paid plan pricing not detailed in search results
–PSG eligibility unconfirmed
–Singapore-specific compliance (e.g., GST, InvoiceNow) not explicitly confirmed for Zoho Books itself
Who should choose which
Choose Wave if...
Choose Zoho Books if...
›Small Businesses
›SMEs (under S$50K revenue)
›Startups
›Freelancers
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.