Best Payroll Software for Singapore Businesses

Payroll is a compulsory task every business has to handle.

Singapore businesses must ensure that they are compliant with the guidelines from government agencies like MOM, CPF and IRAS. These guidelines include the calculation of CPF contributions, SDL submissions, itemised pay slips to employees covered by the Employment Act¹, and IRAS tax submissions. With so many details to account for, managing payroll can quickly become a major headache as your business grows.

Payroll software helps calculate employee salaries, process wage payments, generate payslips, produce payroll records for easy financial tracking, and more. Implementing a suitable payroll software could save hours, improve productivity, reduce errors, and ensure that your business complies with MOM requirements.

But with so many options available, how do you find the right one for your business needs?

Good news, we’ve done the research for you. In this guide, we compare the best payroll software to help you choose the right solution for your Singapore business with confidence.

We will also mention how a Wise Business account can be a convenient way for businesses in Singapore to send faster, cheaper global payments to pay employees and team members all over the world.

Table of contents
What should you look for when choosing a payroll solution in Singapore? Best payroll software for Singapore businesses Employment Hero Talenox SimplePay QuickHR Payboy Singroll Swingvy Xero Payroll

What should you look for when choosing a payroll solution in Singapore?

Before we jump into the best payroll software in Singapore, here are the key features you must consider when selecting the best payroll solution for your business.

Pricing

Let’s face it, cost is a key factor that every smart business owner must consider. Implementing a payroll solution system that helps you save time but costs an arm and a leg would be counterproductive. You should consider payroll solutions that offer essential features within your budget.

Is it MOM approved?

The Ministry of Manpower (MOM) in Singapore does not officially approve of any payroll software, although the ministry provides guidelines for salary payments under the Employment Act.

Singapore business owners should understand the requirements of itemised payslips, salary deductions, and how to calculate variable wage components for employees under the Employment Act².

All payroll software mentioned below complies with MOM’s guidelines and can help your Singapore business reduce paperwork, ensure that your employees get paid on time and help you keep clear records.

CPF and SDL calculation

Central Provident Fund (CPF) contributions and Skill Development Levy (SDL) are compulsory components of a Singapore employee’s payroll. These contributions are calculated based on your employee’s age and income, and processing these calculations manually can be a headache and error-prone.

A good payroll software helps you with these calculations. The best payroll software helps calculate these* and* make necessary deductions before dispersing salary to your employees, along with an itemised payslip, automating the entire process for your business.

Automated Payroll Tax Filing

Every year, Singapore businesses are required to submit employees’ earnings details to the Inland Revenue Authority of Singapore (IRAS). The Auto-Inclusion Scheme (AIS) is a tax scheme by IRAS that allows businesses to submit these details electronically and employees to receive their tax forms digitally³.

Payroll software may integrate with the AIS API, allowing businesses to automate the submission process. IRAS shares a list of AIS payroll software vendors that support this feature⁴. In this guide, we have only included payroll software from that list.

*Source checked on 24th May 2025

Ease of implementation

The best payroll software for your business is the one that will be implemented easily and quickly. You should consider how easy it is for your HR team to replace their payroll workflow with the payroll software you’re considering.

For example, while it may take your HR team some time to learn how to use the new software, it is generally a red flag if a payroll software requires your team to have specific technical know-how to use it.

Supports global payroll management

With the world getting smaller, it is common for Singapore businesses to hire globally. But paying employees across the globe comes with its own set of challenges, such as additional costs, making sure you are sending money to the right banks in the right currency and more.

Some payroll software can solve these headaches, so look out for this feature if your business hires talent globally!

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Integrations

While payroll is an important factor in managing employees, keeping track of payroll is equally important. Consider a payroll software that integrates with your existing accounting software to ensure seamless tracking of payroll and expenses.

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Best payroll software for Singapore businesses

Employment Hero

Employment Hero is an all-in-one platform that allows Singapore businesses to streamline their payroll, HR and benefits workflow.

Key features that Employment Hero offers include:

• Payroll Automation
• CPF and SDL calculations
• Payroll reporting
• Compliance Management
• Payslip generation and delivery
• IRAS compatibility

Employment Hero’s Pricing Structure

Employment Hero offers three pricing tiers⁵:

Payroll Standard

6 SGD per employee per month, and comes with the features listed above.

Payroll Premium

8 SGD per employee per month. It includes everything in the Standard plan plus additional employee rostering and shift management features.

Managed Payroll

32 SGD per employee per month. It includes everything in the Premium plan, plus end-to-end payroll management, including preparation of CPF and IRAS Pay event submissions.

*Source checked on 26th May 2025

Is Employment Hero right for my business?

Employment Hero’s Payroll Standard offers great value for small to medium-sized businesses looking for payroll software with essential features like compliance management, automated payroll and payslip generation.

As your business grows, you may find the additional features in Employment Hero’s premium and managed payroll plans useful for a growing workforce.

Talenox

Talenox is a Singapore-based payroll and HR software that offers automated compliance with CPF, IRAS and MOM regulations.

Key features that Talenox offers include:

• CPF and SDL calculations
• Automated Tax calculations
• Generate and email payslips
• IR8A generation
• Free online customer support
• Unlimited administrators
• Secured employee database
• No maintenance fees

Talenox’s Pricing Structure

Talenox’s payroll software offers three tiers for Singapore businesses to select from, based on their needs⁶:

Talenox Free Plan

Talenox offers a free plan that allows small teams to manage the payrolls of as many employees as required. Payroll and tax calculations are done for you, and Free users can process payments in batches, too.

Talenox Payroll Plan

Pricing starts from 27.25 SGD per employee per month for the first 5 employees, and 5.45 SGD per subsequent employee per month, if you’re on the monthly subscription.

Annual subscriptions offer a discount of about 20% at 21.80 SGD per employee per month for the first 5 employees and 4.36 SGD per subsequent employee per month.

The Payroll Plan includes everything in the Free plan and:

• Automated taxes and forms
• Payroll reports
• Tax reports
• Integration with banks and statutory boards
• Integration with accounting, scheduling and claims software.

Talenox SUITE Plan

Pricing starts from 43.60 SGD per employee per month for the first 5 employees and 8.72 SGD per subsequent employee per month, if you’re on the monthly subscription.

Annual subscriptions offer a discount of about 12.5% at 38.15 SGD per employee per month for the first 5 employees and 7.63 SGD per subsequent employee per month.

The SUITE Plan includes everything in the Payroll plan and,

• Leave management
• Overtime payment calculations, leave deductions and encashments
• And more

*Source checked on 24th May 2025

Is Talenox right for my business?

If you’re looking to implement a Singapore payroll software, Talenox’s Free plan offers a zero-risk option with a 30-day free trial of their SUITE plan.

Small businesses in Singapore will find Talenox’s free plan sufficient thanks to its key features like the ability to calculate statutory fees and deductions, generation of itemised payslips and a one-click IR8A form submission.

As your business grows, you may consider the Payroll plan for a complete payroll solution with automated features.

SimplePay

SimplePay is a payroll software that simplifies and automates payroll in line with local statutory requirements for Singapore businesses.

Key features that SimplePay offers include:

• CPF and SDL calculation
• MOM and IRAS compliance management
• E-submissions for IRAS and CPF
• Leave management
• Free customer support
• Pay-as-you-go

SimplePay’s Pricing Structure

SimplePay offers a free trial with full access to its features. Their service is priced based on the number of employees instead, making it easier to scale as your business grows⁷:

• Base Price: 12 SGD per employee per month (for the first three employees)
• 4 to 25 employees: 12 SGD per employee per month, plus 4 SGD per employee per month
• 26+ employees: 12 SGD per employee per month plus 3 SGD per employee per month

*Source checked on 24th May 2025

Is SimplePay right for my business?

SimplePay is great for small businesses that want a fuss-free payroll solution with the option to pay as they grow. With all the same features included within one plan, you won’t have to spend time deciding across different pricing tiers.

QuickHR

QuickHR is a comprehensive one-stop HR software that includes payroll management features. It is being developed by a Singaporean firm, Enable Business. Singapore businesses may be able to save more on the QuickHR software with the CTC grant.

Key features that QuickHR offers include⁸:

• CPF and SDL calculations and deductions
• Bank GIRO payments
• Generation of itemised payslips in line with MOM regulations
• Approved IRAS payroll software for AIS submissions
• Customisable for different payment cycles
• Caters to full-time, part-time and freelance employees

*Source checked on 24th May 2025

QuickHR’s Pricing Structure⁹

QuickHR offers three tiers for Singapore businesses to select from, based on their needs:

QuickHR Essentials

Pricing starts from 5 SGD per employee per month.

QuickHR Essentials includes payroll features mentioned above, plus leave management, employee database organizer (EDO), claims management, security access management and access via their mobile application on iOS and Android.

QuickHR Enhanced

Pricing starts from 10 SGD per employee per month.

QuickHR Enhanced includes everything in the Essentials tier, plus workflow management, attendance and timesheet tracking and integration with XERO and QuickBooks.

QuickHR Enterprise

Pricing starts from 15 SGD per employee per month.

QuickHR Enterprise includes everything in the Enhanced tier, plus biometric attendance systems, employee performance management software and a learning management system.

*Source checked on 24th May 2025

Is QuickHR right for my business?

QuickHR is suitable for Singapore businesses of any size.

Small and medium-sized businesses looking specifically for payroll software features can start with the Essentials tier, which includes leave and claims management features as well.

Larger businesses may consider the Enhanced or Enterprise tier depending on their needs.

Eligible Singapore businesses may enjoy additional savings by tapping into the NTUC Company Training Committee (CTC) Grant that helps organisations implement workflows to enhance business capabilities and worker outcomes.

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Payboy

Payboy is a Singapore-based payroll and HR software that helps businesses automate payroll and payslips compliant with MOM guidelines.

Key features that PayBoy offers include¹⁰:

• CPF and SDL calculations and deductions
• Generation of itemised payslips in line with MOM regulations
• Approved IRAS payroll software for AIS submissions
• Customisable for different payment schedules
• Integrates with banks for payment
• Integrates with CPF and IRAS for submissions
• Integrates with popular accounting software like Xero, QuickBooks and Financio.

Payboy’s Pricing Structure

Payboy charges on a pay-as-you-use structure based on the modules you subscribe to and the number of employees¹¹.

The payroll module costs 3.50 SGD per employee per month before GST (or 3.82 SGD per month including GST).

*Source checked on 24th May 2025

Is Payboy right for my business?

Payboy offers a highly scalable solution for Singapore businesses that want to implement payroll software to improve efficiency. Additional modules can be added to build a more comprehensive HR and workforce management system, based on your needs.

Singapore SMEs may be eligible for PSG or SFEC grants for additional savings.

Singroll

Singroll is a payroll software created by Singapore SMEs to help Singapore businesses manage their payroll following MOM and CPF guidelines.

Key features that SingRoll offers include¹²:

• Payroll generation
• CPF E-submission
• IRAS AIS E-submission
• Summarised Payslip Report

*Source checked on 26th May 2025

Singroll’s Pricing Structure

Singroll offers three price tiers for Singapore businesses to choose from, based on their needs¹³.

Singroll Free

Free forever plan that includes key features mentioned above, but comes with advertisements.

Singroll Lite

Pricing starts from 60 SGD per company per month, up to 10 employees.

Singroll Lite includes everything in the Free tier plus bank file generation, flexible payroll management, time and attendance tracking and is ad-free.

Singroll Premium

Pricing starts from 90 SGD per company per month.

Singroll Lite includes everything in the Lite tier plus comprehensive payroll management, performance appraisal system, Xero Integration and allows unlimited users.

*Source checked on 24 May 2025

Is Singroll right for my business?

Singroll is suitable for small businesses that need a simple payroll software for payroll calculations. Take note that Singroll’s free tier comes with ads.

Swingvy

Swingvy is a full-suite HR software developed in Singapore that includes payroll software capabilities.

Key features that Swingvy offers include¹⁴:

• Automated CPF and SDL calculator
• Automated IRAS IRA8 filing
• Automatic bank file creation for major banks in Singapore
• Create and send MOM-compliant payslips digitally

Swingvy’s Pricing Structure

Swingvy prices are based on the range of HR tools you subscribe to and the number of employees¹⁵. Prices for Swingvy’s Payroll module start from 5 SGD per user per month on a monthly billing cycle or 4.25 SGD per user per month on an annual billing cycle. You will need to contact Swingvy for a detailed quotation.

*Source checked on 26th May 2025

Is Swingvy right for my business?

Swingvy is suitable for small Singapore businesses looking to optimise their payroll workflow. It offers an affordable and scalable solution that allows your business to customise your subscription based on your needs.

Eligible Singapore businesses may be able to enjoy additional savings with the PSG grant.

Xero Payroll

Xero Payroll is an online payroll system integrated into the popular accounting software, Xero.

Key features that Xero Payroll offers include¹⁶:

• Simple, automated pay runs
• Payroll records
• Integration with third-party payroll apps

Xero Payroll’s Pricing Structure

Xero Payroll is only available if you are subscribed to the Xero accounting software. There are three tiers to select from, with pricing starting from 3.90 SGD per month¹⁷.

*Source checked on 26th May 2025

Is Xero Payroll right for my business?

If your Singapore business uses Xero, you can easily integrate Xero Payroll into your workflow within your existing Xero subscription.

You should note that Xero payroll does not offer automated CPF or IRAS e-submissions. That said, Xero integrates with many payroll software mentioned above, including Talenox, Paybox, SimplePay and QuickHR.

💡Singapore businesses using Wise Business to save on payments to global employees can optimise administrative workflows with our real-time Xero integration.

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Conclusion

We have shared the best Singapore payroll software to consider above that helps ensure your payroll and payslips are compliant, while allowing your business to keep clear financial records.

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• Always get the mid-market rate with zero exchange rate markup
• Seamless integrations with popular accounting software
• Say goodbye to monthly fees

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Sources:

1. Itemised Pay Slips | MOM Singapore
2. Salary under the Employment Act | MOM Singapore
3. Auto-Inclusion Scheme (AIS) for Employment Income | IRAS
4. Submit Employee Income Records | IRAS
5. Pricing | Employment Hero
6. Pricing Plan | Talenox
7. Pricing | SimplePay
8. QuickHR Payroll Software
9. Pricing | QuickHR
10. Payboy Payroll Features
11. Payboy Payroll Pricing
12. Functionalities | Singroll
13. Pricing | Singroll
14. Payroll | Swingvy
15. Pricing |Swingvy
16. Xero Payroll SG
17. Pricing Plans | Xero SG

Sources checked on 26th May 2025