Singapore · Compliance hub
Singapore Accounting Software with GST
HelloBooks keeps Singapore SMB books in Singapore dollars, classifies every supply correctly for IRAS, and prepares the GST F5 return in the format the Inland Revenue Authority expects. This page is a quick orientation for Singapore businesses landing here from the country switcher — pricing, features, and a deeper SG-specific tree are on the way.
Local currency & pricing
Invoices, bills, bank feeds, and reports can run in Singapore dollars (SGD) end-to-end. Multi-currency entities can hold SGD as the base currency and revalue foreign-currency balances against the monetary authority's published rates (MAS) or your bank's board rate, whichever your auditor prefers. We hold Singapore plan prices in SGD at parity with our published USD list, so FX moves inside a quarter never surprise the annual figure on your renewal. Founders running a Pte Ltd with a US parent can keep books in SGD and consolidate at month-end in USD at the holding entity.
GST at 9% — what changed in 2024
Singapore GST has been 9% since 1 January 2024 (raised from 8% the year prior, and 7% before 2023). Standard-rated supplies attract 9%, exports of goods and international services are zero-rated, and financial services / residential property sales / digital payment tokens are exempt. Registration is mandatory once your taxable turnover in any rolling 12-month window exceeds S$1 million — voluntary registration is allowed below the threshold and is common when most of your input GST comes from local suppliers. HelloBooks tags every transaction with the right GST code (SR, ZR, ES, OS, ESN, BL, NR), computes the boxes of the GST F5 return live from your ledger, and reconciles to the journal entries IRAS will ask for in an Assisted Compliance Assurance Programme (ACAP) review.
Migrating from Xero or QuickBooks Online
HelloBooks migrates a Xero SG or QuickBooks Online SG ledger in a single import — chart of accounts, customers, suppliers, items, opening balances, and the historic transactions come across with GST codes preserved. Your AI assistant picks up where the previous system left off: bank feeds reconcile against the chart you already know, recurring invoices keep firing, and the GST return rolls forward without manual remapping. Switching playbooks live at HelloBooks vs Xero and HelloBooks vs QuickBooks.
Where to next
Need something Singapore-specific that's not here yet — IRAS-listed GST F5 software status, ACRA XBRL filings, CPF contributions, or migration from a local desktop ledger? The team replies inside one business day from /contact.