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You can claim up to 50% of the cost under the Productivity Solution Grant. Note that this is for pre-approved packages only.
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We set up integrations and manage finances on Xero’s cloud accounting system.
FAQs
What does WLP Group’s Xero migration include?
Our service includes the migration of the following modules:
- Chart of Accounts
- Opening conversion balances
- All open receivables
- All open payables
- All contacts
How can WLP Group help you claim up to 50% of the migration cost under the PSG Grant?
Now, you can claim up to 50% of the migration cost under W.L.P pre-approved packages under the Productivity Solution Grant.
The Productivity Solutions Grant (PSG) was introduced by Enterprise Singapore to support and encourage Small Medium Enterprises (SMEs) in Singapore to adopt IT solutions for enhancing business processes. The PSG Grants are further enhanced as announced at Supplementary Budget 2020 to fund up to 50% for IT solutions and equipment. SMEs are strongly encouraged to kick-start digitalisation for their business with PSG support and funding, such as Xero Accounting System Grant Singapore to help with productivity solutions grants for accounting software. This will be especially helpful for SMEs in Singapore as PSG grants for accounting will make available Xero for SMEs in Singapore.
At W.L.P Group, we offer company incorporation Singapore services and Xero Accounting Software under PSG funding (PSG Grants Up to 50%). We also provide free HR shared services for Singapore consultations. With PSG Grants Xero you can take advantage of xero for accounting, one of the IRAS accredited software that is compliant with IRAS requirements. Aside from Xero Accounting System Grant Singapore, Xero also offers functions such as inventory management, project management, online payments, e-invoicing, expense claims etc. Therefore, taking advantage of Xero Accounting System Grant Singapore will help you to focus on your business and lower your fixed costs!
For more information regarding productivity solutions grants for accounting software (PSG Grants Up to 50%), kindly contact us in the form below.
What is WLP Group’s start-up package (for new companies)?
Xero Subscription Fees (1 year)
Xero Initial Set-up
- Xero Chart of accounts setup
- Banking accounts setup
- Bank Integration
- Set-up user access rights
- Issue initial logins for the users
- 2 invoice templates
- Customized dashboard
- Setup tracking categories
- Inventory
- Fixed assets Register and Depreciation
- Hubdoc setup
- PEPPOL setup
- Xero Add-ons Advisory, Consultancy & Integration
Training Session for User(s)
- Personalized Training
- Customized Modules
- Training Materials
Call us at +65 6493 2970 for a free Xero Setup consultation (PSG Grants Up to 50% Funding) and quotation, or any questions regarding Xero for SMEs in Singapore or PSG grants for accounting.
What is WLP Group’s BOOMING package?
Xero Subscription Fees (1 year)
Xero Initial Set-up
- Xero Chart of accounts setup
- Banking accounts setup
- Bank Integration
- Set-up user access rights
- Issue initial logins for the users
- 2 invoice templates
- Customized dashboard
- Setup tracking categories
- Inventory
- Fixed assets Register and Depreciation
- Hubdoc setup
- PEPPOL setup
- Xero Add-ons Advisory, Consultancy & Integration
Xero Opening Balance Migration:
- Conversion Balances Set-up
- Accounts Receivable Balance Migration
- Accounts Payable Balances Migration
Training Session for User(s)
- Personalized Training (On-site)
- Customized Modules
- Training Materials
Call us at +65 6493 2970 for a free Xero Set-up consultation and quotation! Alternatively you may want to check WLP Academy out for Xero Bookkeeping Training.
Why engage WLP Group for Xero accounting?
Established since 2013, W.L.P Group has assisted more than 1,000 satisfied Small-Medium Enterprises (SMEs) in their financial accounting and tax matters, as well as making available Xero for SMEs in Singapore
W.L.P Group excels at guiding venture-funded startups through their expansion, series funding and acquisitions and have also worked with founders of various industries on their growth scenario and cash flow planning and hence, helping small-medium businesses to benefit from our management accounting focus by making available Xero for SMEs in Singapore (PSG Grants Up to 50% Funding).
Furthermore, W.L.P Group is highly recommended by corporate subsidiaries for our personalized attention and seamless integration between our accounting and company secretarial functions.
Since 2016, W.L.P Group is officially certified as a partner and advisor with XERO.
What are the PSG Grant requirements for accounting?
Looking to take advantage of Productivity Solutions Grants for Accounting Software? In order to qualify for the PSG Grants for Xero cloud software, your company must fulfil the following criteria:
- Your company must be classified under Small or Medium Enterprise (SMEs) where operations are mainly carried out in Singapore
- To claim PSG grants for Xero’s cloud accounting software, local Shareholding of the company must be at least 30%.
- Annual Sales Turnover must not exceed S$100 Million and the company must not have more than 200 employees
What is the PSG Grant Xero claim process?
Step 1: Contact W.L.P Group for a free consultation on suitability to take up Xero
Step 2: Submit application on Business Grants Portal (www.businessgrants.gov.sg) for assessment of PSG Claims
Step 3: Acceptance of W.L.P quotation and make up 50% payment before work commencement
Step 4: Commencement of Xero Set-up & Migration
Step 5: Settlement of remaining 50% payment upon acceptance of set-up & migration
Step 6: Delivery of training
Step 7: Submit invoice(s) for claims on Business Grants Portal (www.businessgrants.gov.sg)
Do I still need an accountant if I use the Xero accounting system grant?
Cover up to 50% of out-of-pocket expenses with SFEC
Eligibility criteria:
- Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; andHave employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and
- Have not been previously qualified for SFEC; and
- Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.