7 MOM approved payroll software for businesses in Singapore

The payslip document should look like a company letter with the company’s name and logo printed on the top.

The major identification factors like full name, employee number, and department name should be present below the top section.

The date of payment means the day when the salary gets deposited into the employee's bank account. Mode of payment should be included as well.

The basic salary for the given month must be presented in MOM itemised payslips along with the breakup of the total salary payable.

The month for which the salary is paid should be mentioned at the top in the format of ‘employee payslip for the starting time to end time.’

If there are any additional allowances added to the salary based on performance or other reasons, they must be listed separately such ass fuel, food, special allowances.

This section includes the overtime and PH days (paid holidays) of employees. The itemised payslip should contain the number of hours and the relevant pay for those hours.

Deductions for CPF, CDAC contributions, loan deductions, and tax withholdings should be listed on the right side of MOM itemised payslips.

Interesting read: All you need to know about corporate tax filing for small business in Singapore



Below the salary and allowances come the gross wages, which is the addition of money a company owes to its employees.

Net salary is the calculation of the addition of basic salary and allowances minus deductions. You can spot this below the deductions section.

This will show the brief calculation of addition and subtraction of the above components. 

Net salary = Gross salary - deductions (Or) (Basic salary + allowances) - deductions

The itemised payslip carries the total CPF below the net salary section. This is the sum of employees’ and employers’ share of CPF.

SMEs have to find and subscribe to payroll software that generates payslips on par with MOM standards.

Increased HR headcount and software costs add up too. Additional time and resources required are other challenges.

Small businesses save money by hiring freelancers and part-time workers. These businesses don’t pay them the same way they pay full-time employees. Most of them don’t even receive payslips, and the money is transferred through non-conventional modes. 

Small businesses that hire their own family members, close relatives, or friends find it unnecessary to generate fully-equipped itemised payslips.

Now they have to find a way to bring part-time workers and contractors all under one roof. That’s again going to cost a lot of money.

• Kayaroll deserves a mention as they work exclusively for small and medium-scale businesses. 

• The software has the major HR solutions you need. It has shifts and leaves management, payroll, CPF payments, IRAS reporting, etc.

• Being a Singapore-native company, its goal is geared towards saving time, money, and effort for small teams.

• Their product is well tuned to stay compliant with Singapore regulations. That means they will support you in generating MOM itemised payslips.

• Their dashboard is intuitive, uncluttered, and user-friendly.

• Their registrations are open now. The first 100 registrants can use the software for FREE.

• Payboy is one of the leading Singapore-based HR solutions providers.

• They have modules that automate employee attendance, claim management, shift scheduling, training, and payroll.

• You can choose the solutions you need and pay for them.

• Cloud-based software that syncs data in real-time and is open for integrations.

• They stay compliant with statutory regulations. And their payroll management system has everything you need to create MOM itemised payslips in Singapore.

• Payday is a web-based payroll and leaves management solution.

• Curated for small businesses and startups.

• Can link every local bank with this software and certain foreign bank accounts too.

• Stays up-to-date with ACRA and MOM norms.

• QuickHR is an all-in-one HR solutions platform based in Singapore. You can manage payroll claims and leaves management with this.

• Can access the applications from any device (tablets and mobiles too).

• They are PSG and IMDA approved. It has an intuitive and easy-to-use interface.

• Has the ability to generate itemised payslips. You can view and manage your itemised payslips in one go.

• Can integrate with accounting applications like Xero.

• Ramco offers global payroll solutions where you can set up multi-country payroll.

• Even though they have a global platform, they are attentive to local regulations and follow standardized practices of each country.

• Ramco allows you to create itemised payslips in Singapore.

• Can pay in different currencies at the cheapest rates.

• Has a diverse range of users all over the world and is a trusted name in the industry.

• Ramco can support you when your company scales up too. They can support even if the number of employees is higher than 2000 and more.

• Singroll is a free payroll software in Singapore that covers payroll and leave management. You can use it as much as you want. There are no HIDDEN CHARGES.

• This company follows Singapore regulations closely of CPF, MOM, and WDA.

• Singroll supports itemised payslips creation at zero cost.

• Over 6000+ employees trust Singroll and use their software.

• Talenox is a multi-entity HRIS software. With this, you can take care of employee profiles, leaves, and payroll management.

• They have multi-country payroll facilities available too.

• Supports MOM itemised payslips creation.

• It is possible to integrate with accounting and expense management applications like Xero, Quickbooks, Volopay, etc.

Most payroll applications set limits on the number of employees you add; Or charge more for every employee added.

If you are a small business, this characteristic won’t affect you. But for large organizations with 500+ employees, the addition of employees will be a hindrance if they grow.

Analyze your company's growth and hiring plans to find out a ballpark figure total number of employees. 

Changing the software in the middle of an operating year will make you start all over again.

There are payroll providers who charge based on the number of times the software is used.

Though the standard payroll frequency is just once for established companies, it’s not the same for small businesses.

Startups experiment with their payroll activities to come up with best practices. For them, itemised payslips payroll software costs can peak up as they use more.

Find software with flat pricing range. They are best suited for startups who are still trying to tweak their HR functions.

Accessibility denotes the way you access the program. The market has both cloud-based versions and desktop-downloadable software.

While cloud-based software is seen go-to, it can be expensive and has many segments you might not need.

A desktop version is more suitable for traditional office environments with devices for everyone. They are more stable compared to the cloud versions and can run without the internet too.

But if you want to work on payroll tasks on the go, the cloud is the best way to go.

Your payroll data has your employees’ sensitive information. So, it’s important to maintain secrecy and confidentiality.

A small data theft, impostor fraud, or security breach can bring huge financial loss and reputation damage to your company.

So be careful and inquire about the security features that the provider has in store. Enquire about technical terms like two-factor authentication, encryption protection, cryptography, and the like.

Not paying employees on time can create a wave of panic throughout the organization.

So, you don’t want any complications in the product, especially around critical times. Though some are unavoidable, the support team must be around always to sort them out.

They should take every concern into consideration, and get back with answers before it’s too late.

Different levels of support like knowledge base articles, AI chatbox, call, and in-person support should be available. At least one of the above should be present 24/7.

Complicated interfaces can bring headaches if you work on them for long hours. Considering the technical knowledge of accounting and HR teams who handle it, the software should be simple and user-friendly.

The modules must be self-explanatory and explainer videos should be available for quick understanding.

Try demo sessions or trial versions of the product and ensure that it is straightforward and convenient.