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Xero Services (Package Fee)
XERO SERVICES IN SINGAPORE
As Xero Singapore Partners, we customize Xero for Singapore’s taxation requirements and 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
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.