Owning a business is one of the most fulfilling but also one of the hardest things to do. Building a business from the ground up requires a lot of resources like time and money. That is why Singapore offers many programs and policies that can help these establishments to start up a new one or expand their already existing businesses. Singapore has always been one of the most business-friendly economies in the world. Just in 2020, it was ranked as the most open-market economy, this means that it has the best policies and regulations when it comes to business transactions.

Singapore’s efforts on helping the businesses located here have a wide range of choices. There are various grants available in Singapore to be availed by the businesses depending on which category they would fit in. There are grants for startups and there are grants for those who want to expand. Their grants also depend on which type of industry you are in. There are those that are for the businesses in the food and beverage industry while there are those which are technology-focused.

One of the grants that are more focused on making businesses more technologically advanced is the Xero Productivity Solutions Grant or Xero PSG. This is a partnership between the Xero accounting software and the government. The government can subsidize up to 80% of the Xero accounting software costs. There are various processes and steps to be a Xero PSG approved vendor. However, availing of the Xero cloud accounting PSG Singapore grant offers you many perks and benefits that is why many businesses are trying to apply for one. Xero cloud accounting PSG Singapore grant offers many possibilities. To know more here are some of the things that a Xero PSG approved vendor can gain.

Features of Xero cloud accounting

Pay bills

When you are a Xero PSG approved vendor, you are entitled to this service. Xero provides its clients with many conveniences and this is one of those services. Xero provides convenience by making sure that you are on top of your bills. You can get an overview of unpaid bills, purchases, and other expenses. Xero can also schedule your payments so that you won’t have to miss another payment deadline.

A Xero PSG approved vendor also allows you to have all your bills in one place as this is one of the things that Xero offers. The Xero cloud accounting PSG Singapore offers so many possibilities to its vendors and that is why there are many companies that want to avail of this grant.

Claim expenses

One of the things that a company is obliged to do for its employees is to pay for their expenses that are related to doing the work in their company. A Xero cloud accounting PSG Singapore grant allows companies to have access to a more pregnancies accounting of expenses. A Xero PSG approved vendor can easily track the expenses of their employees through these apps as they can easily take pictures of receipts and reimburse their expenses. This way a Xero PSG approved vendor can easily check these receipts because Xero has an organized way of presenting these expenses to its clients.

Bank connections

Just like being on top of your bills, the Xero cloud accounting PSG Singapore grant allows you to have a better view and a more organized way of banking. The Xero accounting software provides an overview of your banking statements and can provide you with a history of your bank transactions. It also provides a more secure way of banking.

Track projects

A Xero cloud accounting PSG Singapore grant gives more access to more successful project planning as Xero offers many helpful features. Their project planning features allow a business to have an overview of the project through a comprehensive project overview. It allows a business to estimate the possible expenses of the project along the way. It also gives a company a report on profitability. These are just a few of the things why Xero accounting software is helpful when dorms to project planning.

Contacts and smart lists

The Xero accounting software also allows you to have a detailed list of your transaction history. It can give you a history of your invoices, accounts, and other transactions. Contacting your teammates is also made easier by allowing a Xero PSG approved vendor to create groups based on your preference. A company can also connect their email for easier access.

Know more

There are many accounting perks you can get from Xero accounting services. There are many more accounting services you can get from a third-party firm. WLP Group is a third-party firm that aims to help you with your accounting concerns. Visit us today to know more.