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Xero Services (Package Fee)
XERO SERVICES IN SINGAPORE
As Xero Singapore Partners, we customize Xero for Singapore’s taxation requirements.
We weave together integrated cloud solutions such as SimplePay for payroll, Receipt Bank for expense receipts, Shopify for e-commerce, TradeGecko for inventory, PayPal & Stripe for online payment processing, Chaser for automating payments collection and Spotlight Reporting for forecasts, into a nimble ERP-like system which is just perfect for your small business or startup.
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Frequently Asked Questions on Xero Singapore
What are Xero accounting services?
Xero accounting services are the next generation of bookkeeping software. Xero has taken a new approach to an account with their cloud-based, on-demand service that is designed for today’s world.
One of the most important aspects of accounting Xero services is that they are easy to use and work seamlessly across any device you have access to – so whether it’s your home computer, tablet, or phone, you’ll be able to access your accounts at any time, from anywhere.
Xero accounting services are a great way to keep track of your business expenses and income, generate financial reports in a matter of minutes, and provide you with real-time information so that you can budget for the future while staying on top of today’s finances.
Xero even has an app – it’s called the Xero Mobile App – that allows you to manage your business even when on the go. Accounting Xero services are a great way for anyone who wants affordable, easy-to-use account software and is looking to save time as well as money.
Xero accounting services can be used by any type of company so whether your company is large or small, Xero can help you stay on top of your finances and ensure that everything is up to date. It doesn’t matter if you’re a freelancer or run a large corporation – with accounting Xero services, there’s no need for expensive accountants anymore!
I’m new to business. What is accounting?
Accounting is the record of financial transactions and the preparation of accounting reports. Accounting may be done by a person or by a computer program, often referred to as accounting software.
Accounting is usually done by accounting firms, companies, or governments. Financial accounting involves the recording of financial transactions and reports for use in external reporting under generally accepted accounting principles (GAAP) which are used to report on an organization’s economic activities and assets, liabilities, equity, expenses, and its income or loss over a period of time.
What are Xero accounting services?
Xero accounting services offer businesses an affordable option for easy-to-use account software and accounting bookkeeping services.
Although there are many accounting software options available for businesses, Xero is a favorite among small business owners because it offers an easy-to-use accounting interface and features that allow you to track your profit and loss as well as manage expenses easily.
Xero also provides real-time bank feeds so that transactions can be imported directly into the system without having to type in each individual transaction by hand. This makes the accounting Xero platform efficient and accurate allowing you to spend less time on accounting tasks and more time focusing on growing your company’s success!
How do I start using Xero accounting services?
It’s as easy as creating your company profile and getting started with Xero accounting services. Xero accounting services will provide you with all the accounting information, so your business can keep track of its financials.
Xero cloud accounting is affordable for small businesses and easy to implement into existing accounting systems. It works on any device – laptop or mobile phone, anywhere in the world! There are no contracts either – just pay monthly when you use it.
For Xero online accounting services, you just need bookkeepers. They will take care of the accounting and finance functions so your business can focus on what it does best!
Who can use Xero cloud accounting services?
Xero cloud accounting services can be used by any type of company; whether you’re a freelancer or run a large corporation – with Xero accounting services, there’s no need for an expensive accountancy service.
When you use Xero online accounting services, the accounting software is hosted in the cloud which means that there’s no need to purchase or install any hardware.
Additionally, with Xero online accounting services you can now access your financial information from wherever you are using a mobile device; making it easier than ever for busy business owners and accountants who want round-the-clock access.
Accounting isn’t just about completing forms anymore. With the rise of automation in accounting software such as Xero bookkeeping services, there has been a huge development of inaccurate financial information.
It enables companies to make informed decisions based on data rather than instinct alone.
With Xero bookkeeping services being hosted online with up-to-date security features combined with real-time bank feeds – meaning transactions are imported directly into the system without having to type them all in individually by hand – this makes keeping track of your accounting easier than ever!
IS XERO COMPATIBLE WITH LOCAL REGULATIONS IN SINGAPORE?
Xero Singapore is on the Inland Revenue Authority of Singapore’s (IRAS) register of compliant accounting software. SimplePay, the payroll add-on we recommend, is on the IRAS approved payroll software vendor list and also meets the Central Provident Fund (CPF) e-submission requirements.
Xero is actively working on partnerships with local banks in Singapore such as UOB, DBS, OCBC as well as international banks such as Citibank, Standard Chartered, ANZ, HSBC to enable bank feeds. Currently we are very pleased to announce that bank feeds are active for UOB & DBS bank.
HOW MUCH DOES XERO COST?
Xero offers a few pricing plans (Starter/ Standard/ Premium) to suit your ongoing business needs.
Please refer to XERO PRICING PLANS for your reference.
DOES XERO OFFER ALL THE REPORTS WE WILL NEED? IS IT COMPATIBLE WITH OUR GLOBAL ERP?
Xero operates on a single ledger system, which means, data needs to be input only once. This system can then produce powerful reports customized to the requirement of government departments, your parent company and investors. Reports provided include the Income Statement (Profit and Loss), Balance Sheet, Cash Flow Statement as well as Project/Product based profitability, Receivables/Payables report and bank reconciliation summary.
The reports out of Xero are compatible with management packs as they can be exported in the flexible CSV format.
HOW MUCH DOES XERO COST?
Xero just recently announced their direct bank feeds in Asia with UOB & DBS Banks. Xero users who bank with UOB & DBS can now automatically sync their banking transactions into Xero every day. All they need to do is set up their UOB / DBS bank account in Xero, and post the completed form to UOB /DBS. It can take up to ten (10) working days for the feed to start. You may click on videos below for more details on Xero bank feeds.