Introduction: Why Businesses Need Accounting Software in 2025
As Singapore’s companies embrace digital change under the Smart Nation 2025 plan, up-to-date accounting software has become crucial to keep finances accurate, follow rules, and work.
Say goodbye to old-school spreadsheets and ledgers. Modern accounting systems now handle everything — from bank reconciliations to IRAS-compliant tax filings. This helps business owners cut down on time, avoid expensive mistakes, and keep their data safe.
Picking the right accounting system can make or break how well your business grows, no matter if you run a small shop or a big company.
What Is Accounting Software?
Accounting software is a digital tool that streamlines financial management tasks — including bookkeeping, invoicing, payroll, reporting, and tax compliance.
The top accounting systems in 2025 work in the cloud, have IRAS approval, and link up with HRMS or payroll modules. This allows businesses to:
- Keep tabs on money coming in and going out without manual effort
- Create up-to-the-minute money reports
- Handle GST paperwork and follow CPF rules
- Keep money and employee info safe and sound
Example: Info-Tech’s Accounting Software works hand in hand with Payroll and HRMS parts to handle employee costs, CPF payments, and IRAS paperwork — all in one spot.
Top 5 Must-Have Parts of Accounting Software
Here are the five key things every business should keep an eye out for when picking accounting software in Singapore.
1. Top-Notch Safety & Info Protection
Safety is still the biggest deal for any money system dealing with private financial details.
In 2025, businesses will need to follow the Personal Data Protection Act (PDPA) and Cybersecurity Act. These laws require companies to encrypt and store financial data safely.
Key Security Features:
- Full encryption for every transaction
- Extra login steps for users
- Limits on who can see sensitive data
- Regular data backups and recovery plans
- Meeting PDPA and ISO 27001 rules
Tip: Pick cloud accounting software on secure Singapore servers. This helps you follow IRAS e-Filing and PDPA storage laws. Don’t Miss:- The Importance of Cybersecurity in Accounting Software
2. Invoicing, Billing & Payment Automation
Automating invoicing and payment processing helps companies keep a steady cash flow while cutting down on office work.
Up-to-date accounting software lets you:
- Make professional branded invoices without effort
- Set up repeating invoices for regular customers
- Send reminders about payments and keep an eye on late bills
- Take payments through PayNow, GIRO, or bank transfer
- Link straight to bank feeds to match transactions
Example: Info-Tech’s accounting tool connects billing and payment info right to payroll and general ledger so your money coming in and going out stays current — without typing in data by hand.
3. Automated Bookkeeping & Financial Management
At the heart of every accounting program lies its bookkeeping engine, which automates financial entries and cuts down on human mistakes.
It Simplifies These Bookkeeping Jobs:
- Monitoring income and expenses as they happen
- Bank reconciliation without manual effort
- Overseeing depreciation and asset records
- Keeping tabs on payroll costs and mapping CPF contributions
- Figuring out taxes and getting ready for IRAS e-filing
Time-Saving Insight: When you automate bookkeeping, you can shorten monthly financial closing by up to 60%. This lets accountants spend more time analyzing data instead of just entering it.
4. Easy-to-Use Interface & Dashboards You Can Customize
A good accounting system should be simple for both accountants and non-finance folks to use.
In 2025, ease of use and access take center stage — especially as hybrid and remote work gain ground.
User-Friendly Features to Keep an Eye On:
- Easy-to-navigate smart dashboards
- Up-to-the-minute financial data and report widgets
- Adjustable graphs for costs, income, and earnings
- Computer and phone app support
- Links to HR and payroll tools for combined reports
Hint: A solid accounting program should allow you to build tailored reports for in-house and IRAS checks — taking the headache out of tax time.
5. Smooth Connections with Other Business Software
Linking systems forms the core of business streamlining.
It needs to work with your current systems — including payroll, inventory, and CRM — to cut down on duplicate work and boost accuracy.
Key Integrations for 2025:
- Payroll & HRMS Integration: Figures out wages CPF, and IRAS forms (IR8A/IR8S) on its own.
- Banking Integration: Connects straight to DBS, UOB, and OCBC to match transactions right away.
- POS Integration: Brings together F&B or retail sales data in no time.
- Tax Compliance: Gets IRAS-compliant GST returns ready.
Example: Info-Tech’s Accounting Software combines payroll, HRMS, and attendance modules. It automates salary calculations, expense reporting, and statutory submissions in one system.
Bonus: Cloud-Based Accounting Software in 2025
Cloud accounting software has become the go-to choice for Singaporean SMEs under the SMEs Go Digital Programme.
Cloud Accounting Benefits:
- Financial data is accessible from any location at any time
- Accountants and auditors can work together
- Software updates happen to align with IRAS and MOM changes
- Subscription pricing lowers initial expenses
IRAS Tip: Check if your accounting software has an API connection to IRAS. This allows easy tax filing under the Accounting Software Register+ (ASR+) program.
Quick Comparison: Manual vs Automated Accounting
| Feature | Manual Accounting | Modern Accounting Software |
| Data Entry | Manual, error-prone | Automated, real-time syncing |
| Tax Reporting | Paper-based filing | IRAS-ready e-submission |
| Payroll Integration | Separate system | Fully integrated with HRMS |
| Accessibility | On-site only | Cloud-based, multi-user access |
| Security | Physical records | Encrypted & PDPA-compliant |
Conclusion:
Accounting Software goes beyond automation. It gives your business the power to achieve accuracy, compliance, and insight.
From invoice tracking to IRAS submission prep, a secure easy-to-use, and all-in-one accounting system keeps you ahead of the game.
Check Out Info Tech’s Accounting Software Now!
Our IRAS-approved, cloud-based platform lets you handle payroll, HR Software, and accounting in one place.
Ring +65 6297 3398 or drop an email to sales@info-tech.com.sg to schedule your free demo and discover how we can boost your financial operations.
Frequently Asked Questions:
What are the main features of accounting software?
Key features include security, invoicing, bookkeeping, ease of use, and links to payroll and tax systems.
How does accounting software help businesses in Singapore?
It makes bookkeeping, payroll, and IRAS filings automatic, cuts down on mistakes, and helps follow PDPA and tax rules.
Is accounting software required by IRAS?
IRAS doesn’t make it a must, but using IRAS-approved software (ASR+) leads to smooth, error-free e-filing for taxes.
Can SMEs benefit from accounting software?
Yes. Online accounting tools help SMEs reduce manual tasks, keep an eye on cash flow, and stay within the rules without spending too much.
What sets Info-Tech’s Accounting Software apart?
It connects with Payroll, HRMS, and CPF systems — allowing full automation from payslip to profit reporting.
