Zoho Books
Accounting
Wave
Accounting
Zoho Books vs Wave 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 | Zoho Books | Wave |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$0/mo | Check website |
| Free tier | Yes | No |
| 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
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.
Wave
Pros & cons — Singapore view
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
Wave
Who should choose which
Choose Zoho Books if...
›Small Businesses
›SMEs (under S$50K revenue)
›Startups
›Freelancers
Choose Wave if...
Singapore FAQ
Is Zoho Books available in Singapore?
Yes, Zoho Books is listed as one of the accounting software options available for Singapore SMEs.
Does Zoho Books support SGD pricing?
Zoho Books is mentioned as offering pricing information specific to Singapore, though its base plan is stated as free.
Is Zoho Books PSG-eligible?
The provided search results do not explicitly confirm if Zoho Books is a pre-approved PSG solution, thus its eligibility is unconfirmed.
Is Zoho Books PDPA compliant?
The provided search results do not contain information regarding Zoho Books' PDPA compliance, so it is unconfirmed.
Want to explore each tool further?
Read our full Singapore reviews before deciding.