2022 Singapore accounting industry report

Xero’s annual study of the Singapore accounting industry aims to guide accounting practices through the year ahead.

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Technology and growth go hand in hand

Here are some of the key insights from our survey of 256 independent accountants and bookkeepers across Hong Kong.

Better results using the cloud

Practices with a greater proportion of clients using cloud accounting software tended to capture greater market share.

Same or greater revenue

Accounting practices have withstood the challenges of Covid-19 relatively well, with the same or greater revenue.

Fewer clients lost with the cloud

Practices with a higher proportion of clients using cloud accounting software lost fewer clients and staff.

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1.

How the industry is growing

2.

What's driving profitability

3.

The opportunities firms are focusing on

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To receive the report

2020 Singapore Accounting Industry Report View the PDF here

2019 Singapore Accounting Industry Report View the PDF here

2018 Singapore Accounting Industry Report View the PDF here

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