Free Accounting Software Singapore: The Best Options for SMEs in 2026
Looking for genuinely free accounting software in Singapore? Compare the best options for SMEs, freelancers, and startups — and see why Claify's free forever plan is built for Singapore businesses.
Every Singapore SME owner knows the moment: the spreadsheet you started with now has 14 tabs, your bookkeeper speaks a different language from your accountant, and filing GST F5 feels like sitting for a surprise exam.
That is when accounting software stops being optional. But not every small business can afford S$55 to S$65 a month for Xero or QuickBooks — especially when you are just getting started.
The good news: there are genuinely free accounting software options in Singapore now. The even better news: some are built specifically for how Singapore businesses actually work.
What "free accounting software" should include
Before jumping into options, here is what a free plan should cover for a Singapore SME:
- Unlimited invoices — not 5 free invoices a month. Unlimited.
- GST at 9% — calculated correctly on every transaction, with the breakdown IRAS requires
- Singapore bank import — DBS, OCBC, and UOB CSV import so you are not typing transactions manually
- GST F5 report — all 9 IRAS boxes pre-filled, ready to file
- SGD as default — not buried in a currency dropdown you have to set every time
- Receipt capture — snap a photo, the software reads the vendor, date, and amount
Most international tools fail at least two of these. Either GST requires manual setup, or they charge Singapore banks as an "add-on," or they cap you at 5 invoices.
The free accounting software landscape in Singapore
| Software | Free Tier | Singapore GST | Bank Import | Languages |
|---|---|---|---|---|
| Claify | S$0 forever, unlimited | Native | DBS/OCBC/UOB | 6 Asian |
| Wave | S$0 (US/CA only) | Manual setup | US/CA banks | EN only |
| Zoho Books Free | S$0 (< S$75K revenue) | Native | Manual CSV | 10+ |
| QuickBooks | No free tier | Add-on | Live feeds | 2 |
Let us walk through what matters for each.
Wave
Wave is genuinely free — in the US and Canada. Outside those markets, features are limited: no automated bank feeds, GST must be configured from scratch, and customer support does not understand IRAS requirements. If you are a Singapore business, Wave is not built for you.
Zoho Books Free
Zoho Books has a free plan for businesses under S$75,000 annual revenue. It supports GST and multiple currencies. The downside: the free tier caps you at 1,000 invoices per year total, and the interface is complex — Zoho sells 40+ products and the accounting module shows it. Setup takes hours, not minutes.
QuickBooks
QuickBooks is the market leader globally, but it has no free tier. The cheapest Singapore plan is S$55/month. Even then, GST F5 is an add-on, not built-in. For a brand-new SME, that is S$660 a year before you have sent your first invoice.
Claify: free accounting software built for Singapore
Claify was built in Singapore for Singapore SMEs. The free plan is S$0 per month — forever. No invoice caps, no revenue limits, no credit card required.
What you get on the free plan:
- Unlimited invoices and quotations with GST at 9%
- Expenses and AI receipt scanning
- All 6 Asian languages — English, Mandarin, Bahasa, Tagalog, Vietnamese, Thai
- GST F5 report with all 9 IRAS boxes pre-filled
- Bank CSV import from DBS, OCBC, and UOB
- Customer management and payment tracking
What makes it different:
Multilingual by design. Your bookkeeper closes the books in Mandarin. Your founder reads the P&L in English. Your warehouse logs receipts in Bahasa. Claify keeps every entry in sync — no data duplication, no translation errors.
Singapore-first GST. GST at 9% is automatic on every invoice and expense. When filing season comes, your F5 report is one click away — all 9 boxes filled from your transactions.
Bank import that actually works. Download a CSV from DBS, OCBC, or UOB, upload it to Claify, and the AI reads every transaction. No manual mapping, no column wizard.
Three minutes to start. Sign up, enter your business name and tax registration, and Claify seeds a Singapore-standard chart of accounts automatically. Send your first invoice the same day.
Free vs paid: when to upgrade
Claify's free plan covers everything a solo owner or freelancer needs. When your team grows:
| Free | Starter | Growth | |
|---|---|---|---|
| Price | S$0 | S$9/mo | S$29/mo |
| Users | 1 | 3 | 10 |
| Invoices | Unlimited | Unlimited | Unlimited |
| Languages | 6 | 6 | 6 |
| Stripe payment links | — | ✓ | ✓ |
| Multi-currency | — | — | USD/EUR/GBP/AUD |
| Priority support | — | ✓ | ✓ |
No contract, cancel anytime. You can switch plans as your business grows.
How Claify compares on price
| Claify Starter | Xero Standard | QuickBooks Plus | |
|---|---|---|---|
| Monthly | S$9 | S$65 | S$55 |
| Annual cost | S$108 | S$780 | S$660 |
| Annual savings | — | S$672 | S$552 |
For a new Singapore SME, that S$550+ difference in year one goes straight to things that grow your business — marketing, inventory, or hiring your first employee.
Is free accounting software right for your business?
Free accounting software works best when:
- You are a sole proprietor, freelancer, or startup with one person handling the books
- You send invoices regularly and need them to look professional
- You are GST-registered and want F5 filing to be straightforward
- You import from DBS, OCBC, or UOB and do not want to type transactions
If your team has grown past 5 people or you deal in multiple currencies, a paid plan (S$9 to S$29/month) will fit better. But the free tier is where most Singapore businesses should start.
Getting started
- Sign up for free — no credit card, no trial period, just free
- Add your business details and GST registration number
- Send your first invoice in under two minutes
Your books do not get cleaner by waiting. And they definitely do not get cheaper than free.
Try Claify free — no credit card required
Free invoicing, GST tracking, and bank reconciliation for Singapore SMEs.
Get started free →