We evaluate five invoicing platforms designed to support Singapore startups with GST compliance, multi-currency billing, and local bank integration—saving you hours each month.
1 Xero Invoicing for Startups
Xero’s cloud‑based invoicing directly supports Singapore’s 9% GST with auto‑calculated tax codes and IRAS‑friendly reports. Startups can create recurring invoices, send payment reminders, and reconcile payments via PayPal, Stripe, or local banks like DBS. The mobile app lets you capture receipts on‑the‑go, while the dashboard shows real‑time cash flow. For a team of five, the Growing plan costs S$42 per month and includes unlimited invoicing and expense tracking.
2 QuickBooks Online for Singapore
QuickBooks Online offers a Singapore‑localised version that handles GST, CPF contributions, and e‑invoicing (Peppol‑ready). Its automatic bank feeds link to OCBC, UOB, and other major banks, reducing manual data entry. The mobile invoice feature lets you customise templates with your logo and send bills via WhatsApp or email. The Simple Start plan is S$30 per month for one user and includes quoting and sales tax tracking.
3 Zoho Books for Invoicing Needs
Zoho Books automates invoice creation from recurring templates, time entries, and project milestones. It fully supports Singapore GST—attaching tax codes, filing GST returns, and generating Form IR8A summaries. The portal also integrates with Zoho CRM, enabling startups to send invoices directly from a deal stage. The Basic plan costs S$10 per user per month and includes 50 automated workflows for reminders and approvals.
4 FreshBooks for Startup Invoicing
FreshBooks simplifies invoicing with its “Pay Now” button that accepts credit cards, PayPal, and Google Pay. It auto‑captures late payment fees and sends recurring invoices for subscription‑based startups. While it lacks built‑in GST reporting for Singapore, it integrates with third‑party tax apps like Avalara to calculate taxes. The Lite plan is S$19 per month for five billable clients and includes unlimited invoice storage.
5 Wave Free Invoicing Solution
Wave offers free unlimited invoicing without monthly fees, making it ideal for early‑stage micro‑startups. It supports invoice customisation, automatic payment reminders, and receipt scanning via its mobile app. However, it does not handle Singapore GST directly—you must set up manual tax lines—and it lacks multi‑currency support. Payment processing costs 2.9% + S$0.50 per transaction, but the core invoicing module is genuinely free.
| Tool | Starting Price (S$) | GST Support | Local Bank Feeds | Recurring Invoices | Mobile App |
|---|---|---|---|---|---|
| Xero | 42/mo (Growing) | Full, auto‑calculated | DBS, OCBC, UOB | Yes | Yes |
| QuickBooks Online | 30/mo (Simple Start) | Full, e‑invoice ready | DBS, OCBC, UOB, Citibank | Yes | Yes |
| Zoho Books | 10/user/mo | Full, GST return filing | Limited (via third‑party) | Yes | Yes |
| FreshBooks | 19/mo (Lite) | Partial (via integrations) | No | Yes | Yes |
| Wave | Free (invoicing only) | Manual setup only | No | Yes | Yes |
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