Xero accounting software
Xero is a powerful online accounting software solution that lets you share access to your latest business numbers with your team, accountant and bookkeeper – so everyone is up to speed. It works together in the cloud, run things smoothly, keep records tidy, and make compliance a breeze.
What are the features of Xero?
Online accounting with Xero increase efficiency and streamline your business. You can access your business finances from any-internet connected device, anywhere, anytime.
Keep financial up-to-date
Pay your bills on time, every time.
Categorise and reconcile bank account transactions.
See future cash flow, check financial health and track metrics.
Accounting dashboard
Keep an eye on your finances day by day, track bank balances, invoices, bills and more.
Connects your bank accounts to Xero
Allow set up of bank feeds, automatically imports bank and credit card transactions saving you time and money.
Expense manager tools
Capture costs to submit and reimburse expense claims, plus view spending.
No manual entry
Get copies of documents and key data into Xero automatically through data capture
Fast and easy tracking of cost and profitability
Quote, invoice and get paid for the jobs, plus analyse profitability easity project and job tracker software.
Online file storage
Manage and share documents, contracts, bills and receipts safely from anywhere.
Track fixed assets
Easy tracking of fixed assets keeping your books up-to-date
Multicurrency
Pay and get paid in over 160 currencies. Use instant currency conversions.
IRAS-compliant
Easily manage GST F5 returns and IRAS Audit File.
Inventory
Keep track of what’s in stock. Populate invoices and orders with items you buy and sell
Business data protection
Backs up data and protects it with multiple layers of security including industry-standard data encryption and secure data centres.
Purchase Now!
Get the maximum support level from the government of up to 70%!
Productivity Solutions Grant
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
From 1 April 2022 onwards, the maximum support level will be up to 70%. For eligible pre-scoped solutions, the enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for Food Services and Retail sectors.
Eligibility for Productivity Solutions Grant
Solutions supported by Enterprise Singapore (ESG) apply to local SMEs only.
To apply for PSG you must meet the following criteria:
The business entity is registered/incorporated in Singapore
The company does not fall under the following categories:
- Charities
- Institutions of Public Characters (IPCs)
- Religious Entities
- Voluntary Welfare Organisation (VWO)
- Government agencies
- Subsidiaries
At least 30% of the local shareholding is held directly or indirectly by Singaporean(s) / Singapore PR(s), determined by the ultimate individual ownership of the applicant.
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
If you wish to adopt an ESG-supported solution, do also ensure that:
If you belong to a corporate group, your Company Group Annual Sales Turnover must be ≤ S$100 million, or your Company’s Group Employment Size must be ≤ 200 workers.
If you wish to adopt a solution package from a solution category that you had been approved for previously, it must be deployed to a different location.
Application for PSG
Apply through Business Grants Portal (BGP). You will need a Corppass account to transact on the portal.
Application
Prepare the following documents and submit the application.
Company’s Financial Statements & ACRA Bizfile
Unsigned quotation from the vendor
Licenses for certain sector-specific solutions
Tenancy Agreement
Acceptance of Letter of Offer
Log in to Business Grant Portal to accept your Letter of Offer (LOF). Download and read your LOF and accept the terms to start benefiting from the grant.
Submission of Claim
Log in to Business Grant Portal and submit the following supporting documents:
Signed acceptance of vendor quotation for ABSS
Invoice
Receipt
Bank statement showing payments
Pictures (e.g. licence number of the software
Usage report of at least one month
Other documents e.g. vendor’s clarification letter
After submission, you can check the status of your application on Business Grant Portal. Contact us if you need assistance in filing PSG claims.
SkillsFuture Enterprise Credits
Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in the enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off credit of up to S$10,000 to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Eligibility for SkillsFuture Enterprise Credits
There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Newly qualified employers will be notified in April 2022.
