Productivity Solutions Grant PSG [DRAFT]

The Productivity Solutions Grant (PSG) was introduced by the Singapore government to support and encourage SMEs in Singapore to digitalise their business processes with up to 50% funding.

This funding can be used for for IT solutions and equipment. Examples of this include funding for using Xero to streamline accounting.

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 Singapore consultations. With PSG Grants Xero you can take advantage of xero for accounting, one of 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!

Productivity Solutions Grants for Accounting Software | START-UP PSG Grants for Accounting Package Includes:

1. Xero Subscription Fees (1 year)
2. Xero Initial Set-up
• Customization of Dashboard
• Customization of Invoice Templates
• Chart of Accounts
• Tracking Categories
• Linkage of Banking Accounts
• Initialization of User Access Rights
3. Training Session for User(s)
• Personalized Training (On-site)
• Customized Modules
• Chart of Accounts
• Training Materials
• Certification of Completion
4. Xero Software Support (1 Year)(s)

*Call us at +65 6493 2970 for a free Xero Set-up consultation (PSG Grants Up to 50% Funding) and quotation, or any questions regarding Xero for SMEs in Singapore or PSG grants for accounting.

Xero | BOOMING Package Includes:

1. Xero Subscription Fees (1 year)
2. Xero Initial Set-up
• Customization of Dashboard
• Customization of Invoice Templates
• Chart of Accounts
• Tracking Categories
• Linkage of Banking Accounts
• Initialization of User Access Rights
3. Xero Opening Balance Migration:
• Conversion Balances Set-up
• Accounts Receivable Balance Migration
• Accounts Payable Balances Migration
4. Training Session for User(s)
• Personalized Training (On-site)
• Customized Modules
• Training Materials
• Certification of Completion
5. Xero Software Support (1 Year)(s)

*Call us at +65 6493 2970 for a free Xero Set-up consultation and quotation!

Established since 2013, W.L.P Group has assisted more than 1,000 satisfied 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.

Looking to take advantage of Productivity Solutions Grants for Accounting Software? In order to qualify for the PSG Grants Xero, 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 accounting, 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

Step 1 – Contact W.L.P for a free consultation regarding PSG Grants Xero suitability and providing Xero for SMEs in Singapore (PSG Grants Up to 50% Funding)

Step 2 – Submit application on Business Grants Portal (www.businessgrants.gov.sg/) for assessment of PSG grants xero claims

Step 3 – Acceptance of W.L.P Quotation and make payment of 50% of invoice value for work commencement

Step 4 – Planning of Xero Set-up, initial migration and implementation

Step 5 – Settlement of remaining 50% payment of Productivity Solutions Grants for accounting software upon completion of set-up

Step 6 – Submit invoice(s) for claims on Business Grants Portal (www.businessgrants.gov.sg)

Answer: You will not IF you have experience with Singapore accounting and taxation guidelines.

For business owners who are not well versed in terms of accounting and taxation, we will still recommend having an accountant as part of your team to ensure that there is no mistakes and timely generation of reports for the relevant agencies.

One of the key advantages of using a cloud accounting system, and claiming the Xero Accounting System Grant Singapore (PSG Grants Up to 50% Funding), is keeping your financial records more accessible and making entries of account payables, managing your receivables and even reconciliation of your business banking account without much effort as compared to the traditional way of accounting.

You can also easily generate reports such as your profit and loss, trial balance, and ledgers statements etc. anytime of the year which is perfect for tracking your business cash flow rather than waiting for your accountants to generate a yearly report only after your financial year ended.

Xero accounting system grant Singapore helps SMEs to go thorugh the process of accounting much easier (PSG Grants Up to 50% Funding). However, as much as an accounting system can do, it highly depends on the user’s knowledge of business accounting and taxation to generate perfect and accurate financial records. Taxes such as Government Service Tax (GST), corporate taxes can be complicated with the exceptions and regulations on what can and cannot be claimed. At W.L.P, we provide customized services according to your business requirements while building a relationship with you that assists to helps you grow and manage your business with Xero (especially now with Productivity Solutions Grants for Accounting Software):

Xero Implementation: Initial set-up of your Xero account (after claiming the PSG Grants for Accounting) including invoice templates, chart of accounts, dashboard

Xero Training: Customized training based on your Xero set-up from basic to advanced modules on how to fully utilize the functions of Xero

Data Migration: Seamless migration of previous financial year’s data from traditional accounting or even from previous accounting system

Xero Support: Immediate support for Xero accounting software via phone or email with a dedicated experienced accountant for your accounting matters

Accounting and Tax Services: Ensuring that your financial data in Xero are accurate and in accordance to exemption and regulations. Generation of Tax returns of year-end submission.