Compare · Accounting and invoicing

SME AI Office vs Wave

Wave is free accounting software that focuses on the US and Canada. SME AI Office is accounting, invoicing and payroll built for Singapore, from S$0.

Prices checked 30 September 2026

The short answer

Choose Wave if your business is based in the US or Canada and you want free invoicing and simple accounting, with payroll available there.

Choose SME AI Office if you are in Singapore. Wave stopped product and customer support outside the US and Canada in 2020. SME AI Office is free to start, and Pro 365 is S$365 a year with GST F5 figures and CPF payroll. Wave Pro is US$190 a year for US and Canadian businesses.

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Side by side

SME AI Office and Wave compared for a Singapore business, 30 September 2026
SME AI OfficeWave
Price Free plan S$0. Pro 365 S$39 a month or S$365 a year Starter US$0. Pro US$19 a month or US$190 a yearBefore tax. Also shown in Canadian dollars
Free plan Yes, for good. Your P&L and 10 invoices a month, no card Starter plan, free, for the US and Canada
Singapore Built for Singapore: GST at 9%, CPF, IR8A, PayNow Focuses only on the US and Canada since 2020. Support outside them discontinued
Sending invoices By email, WhatsApp or link, with reminders Outside the US and Canada, not through Wave. PDF or link only
Payroll and CPF Built in on Pro 365: CPF by age and PR year, the CPF file and IR8A Payroll add-on for the US and Canada
PayNow on invoices A PayNow QR for the exact amount on every SGD invoice, free Card and bank payments, for US and Canadian businesses
Bank feeds Not offered. Receipts are read for you on Pro 365 Auto-import bank transactions on Pro, through Plaid
Receipts Read, filed and GST split out on Pro 365 Unlimited receipt capture on Pro

Which one fits

SME AI Office fits when

  • Your business is in Singapore and needs GST, CPF and PayNow.
  • You want to send invoices and reminders from the same place as your accounts.
  • You want local support by WhatsApp.

Wave fits when

  • Your business is based in the US or Canada.
  • You want free invoicing and simple accounting there, with US or Canadian payroll.

Your P&L and 10 invoices a month are free. Everything else is Pro 365, S$365 a year.

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Questions

Is SME AI Office cheaper than Wave in Singapore?

Both have a free plan. Wave's Starter plan is US$0 and Pro is US$190 a year, but Wave focuses only on the US and Canada. SME AI Office is free to start in Singapore, and Pro 365 is S$365 a year with GST F5 figures, payroll and CPF.

Can I use Wave in Singapore?

Wave says it has focused only on the US and Canada since November 2020, ended product and customer support elsewhere, and that users outside those countries can no longer send invoices or reminders through Wave. It points them to Zoho Books.

What is a free alternative to Wave in Singapore?

SME AI Office has a Free plan in Singapore with no monthly fee and no card: your profit and loss, 10 invoices a month with a PayNow QR, and payroll and HR for the owner. Pro 365 at S$365 a year adds the rest of the back office.

Does SME AI Office do payroll in Singapore?

Yes, on Pro 365. CPF is worked out from each person's age band, citizenship and PR year, with SDL, payslips, the CPF submission file and IR8A. Wave's payroll is for businesses in the US and Canada.

Can I move from Wave to SME AI Office?

Yes. Export your customers and transactions from Wave, then WhatsApp us on +65 9613 7676 and we help you move it over. For a limited time we set the business up for you free, on every plan.

Wave facts are from waveapps.com/pricing, Wave help: Changes for users outside the US and Canada, checked on 30 September 2026. Prices are as shown there. Wave is a trademark of Wave Financial Inc.. SME AI Office is not connected with Wave.

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