The Future of Accounting Software for Singapore SMEs: 5 Trends to Watch in 2025

In Singapore's fast-evolving business landscape, staying ahead isn't just about keeping books in order but also it’s about leveraging technology to gain clarity, efficiency, and competitive advantage. For SMEs, choosing the right accounting software can make or break operational success.

As we step into 2025, here are five key trends shaping the future of accounting software for Singapore’s small and medium enterprises.

1.Cloud-First, Not Just Cloud-Ready

Solutions like SQL Account continue to offer powerful on-premise tools, while giving users the flexibility to access the system via remote desktop solutions—a popular hybrid choice for SMEs that prefer control with convenience.

Meanwhile, ABSS (formerly MYOB) remains a reliable on-premise option for businesses with strict data control requirements, offering remote access options for multi-location operations.

More SMEs are moving away from traditional, on-premise systems and embracing cloud-based accounting solutions. Why?

• Access real-time data from anywhere

• Automatic updates and backups

• Easier collaboration between business owners and accountants

Even for those preferring on-premise control, hybrid solutions using remote desktop access offer cloud-like flexibility without giving up system ownership.

2.Automation & AI Doing the Heavy Lifting

From automated bank feeds to smart expense categorisation and AI-powered reporting, software is getting smarter.

What this means for SMEs:

• Less time spent on repetitive tasks

• Improved accuracy in reporting

• More time to focus on growth, not data entry

Expect accounting platforms to continue integrating AI features that simplify tax compliance, alert you to anomalies, and suggest financial actions.

3.Mobile-First Business Owners

Singapore SMEs are increasingly run on-the-go. Accounting software with robust mobile apps allows owners to:

• Send invoices from their phone

• Approve payments on the fly

• Check reports without logging into a desktop

  
  

If your current system doesn’t support this, it’s time to explore more agile options.

4.Compliance Made Simpler

Both SQL Account and ABSS/MYOB are designed to support Singapore's GST structure and regularly update to meet IRAS requirements. SQL Account, in particular, includes detailed audit trails and flexible reporting features tailored for local SMEs.

With GST changes and tighter reporting requirements in Singapore, software must adapt quickly to stay compliant.

Top accounting solutions now auto-generate:

• IRAS-ready GST reports

• Audit trails

• Year-end summaries

This ensures peace of mind during tax season—and keeps you aligned with local regulations.

5.Integration with Business Ecosystems

Modern SMEs want all tools to speak to each other—inventory, payroll, invoicing, CRM, and even HR.

SQL Account, for example, supports integration with popular e-commerce platforms like Shopee, Lazada , Tiktok, WooCommerce, and SiteGiant. This enables SMEs to sync orders, payments, and inventory data automatically between their web store and accounting system—saving time and reducing errors.

In 2025, accounting software must be more than just a ledger. Look for:

• Integration with e-commerce platforms

• API support for CRM and ERP systems

• Seamless import/export with Excel or Google Sheets

These connections reduce manual work and give you a 360° view of your business.

Modern SMEs want all tools to speak to each other—inventory, payroll, invoicing, CRM, and even HR.

In 2025, accounting software must be more than just a ledger. Look for:

• Integration with e-commerce platforms

• API support for CRM and ERP systems

• Seamless import/export with Excel or Google Sheets

These connections reduce manual work and give you a 360° view of your business.

Final Thoughts

The future of accounting software for Singapore SMEs is smarter, faster, and more connected than ever before. Whether you’re still on an older system or exploring PSG-supported upgrades, now is the time to evaluate your accounting tech.

Message us today to explore future-ready accounting solutions tailored for your SME.