Singapore’s Top Accounting Software for SMEs: Why ABSS & SQL Account Lead the Way
- Agnes Lee
- May 19
- 2 min read
Choosing the right accounting system can make or break an SME’s efficiency, compliance, and growth potential. In Singapore’s competitive market, two names consistently rise to the top—ABSS (formerly MYOB) and SQL Account. Here’s why they dominate the SME landscape.
What SMEs Really Need in an Accounting System
Local Compliance – GST, InvoiceNow, and IRAS regulations must be handled out‑of‑the‑box.
Scalability – Support for more users, extra modules, and multi‑currency as the business grows.
Ease of Use – A gentle learning curve so staff can hit the ground running.
Strong Local Support – Quick access to Singapore‑based consultants and training.
Grant Eligibility – Alignment with PSG, SFEC, and other government schemes to offset costs.
ABSS (MYOB): User‑Friendly Powerhouse
Feature | Why It Matters to SMEs |
Intuitive Interface | Minimal training needed—ideal for lean teams. |
InvoiceNow‑Ready | Built‑in Peppol connector for GST InvoiceNow compliance. |
Job & Category Tracking | Monitor project profitability and departmental costs instantly. |
PSG Approved Package | Up to 50% funding lowers the adoption barrier. |
“ABSS gave us big‑company features in a package our team could learn in days—not weeks.” —Retail SME Owner
SQL Account: Customisable & Cost‑Effective
Feature | Why It Matters to SMEs |
All‑in‑One Feature Suite | Comprehensive GL, AR, AP, Inventory in one package. |
Unlimited Database Size | Handles high‑volume transactions without slowing down. |
InvoiceNow Module Included | Send Peppol e‑invoices to customers and IRAS automatically. |
Advanced Inventory & Serial Tracking | Perfect for trading, distribution, and light manufacturing. |
Competitive Licensing | Pay once for perpetual licences; expand seats à la carte. |
“With SQL Account, we customised document layouts and approval flows to match our exact SOPs.” —Wholesale Distributor
Side‑by‑Side Snapshot
Criteria | ABSS (MYOB) | SQL Account |
Deployment | Desktop / Private Cloud | Desktop / Private Cloud / Public Cloud /Hybrid |
Ease of Use | ★★★★☆ | ★★★☆☆ |
Customisation | ★★☆☆☆ | ★★★★☆ |
Inventory Depth | Basic to Moderate | Advanced (batch, serial, landed cost) |
InvoiceNow Readiness | Yes | Yes |
PSG Grant Approval | Yes | Yes |
Which One Should You Choose?
Pick ABSS if… you want rapid onboarding and a polished user experience.
Pick SQL Account if… you need deep inventory, custom workflows, and flexible licensing.
Some SMEs even run both: ABSS for HQ finance and SQL Account for inventory‑heavy branches.
Government Grants & Cost Offsets
Both solutions are PSG‑approved, covering up to 50 % of qualifying costs.
Getting Started
Book a Needs Assessment – We map your current processes and future growth plans.
Arrange a Live Demo – See ABSS and SQL Account side‑by‑side with your own sample data.
Apply for PSG – Our consultants guide you through paperwork and grant submission.
Implement & Train – Provide remote support.
Ready to modernise your finance function?
Contact us today for a tailored recommendation and grant eligibility check.
Focus on your business—we’ll handle the numbers.
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