Xero Small Business SME Accounting Firm
Take your Accounting Online with Xero & Receive up to 50% Funding
What is Xero?
Xero is a top cloud software for business. They help small companies, new businesses, and individual workers.
More than 250,000 people in 180 places use Xero. They have used it for over 10 years.
If you want Xero services for small businesses, you’re in the right spot!
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Frequently Asked Questions on Xero For SMEs
Why Xero is your best option?
We think Xero is a top accounting choice.
Xero lets you link with other programs, just like how Apple has an app store. Got a business system with worker and payment info? You can likely connect it to Xero1.
Plus, Xero has a simple design. It’s easy to make reports and add receipts using their phone app.
What are the services that a Xero Accounting firm provides?
Xero is a web-based accounting tool. It helps small businesses handle bills, send invoices, and receive money quickly.
We use Xero for small business accounting. It’s well-liked in Singapore, especially after a big discount from the PSG Grant. We use Xero to keep our clients’ accounts. We make sure everything is current and follows Singapore rules. We also make financial reports for companies.
People think accounting is just typing in data. But tools like Xero and bank connections have made it automatic. Now, for small businesses, accounting is mostly about sorting money details correctly and following cash rules.
We also keep an eye on things like stock. Small companies often worry about money. For instance, an online shop might use Xero to watch its stock and bank money. Balancing these can be hard, even with Xero or services from a company like WLP Group.
Both WLP Group and Xero give strong support. Xero has a web help area with many client questions. If you need more help, our team can assist you directly.
How does Xero help with small business bookkeeping and account?
Xero is a popular web-based bookkeeping software that help small companies in a few ways. They are stated below.
- Collect additional information from various point-of-sale (POS) systems, invoicing software, and other sources.
- Manage payroll efficiently.
- Automate routine activities such as paying bills.
- Speed up the process of reconciling bank transactions.
- Automatically send reminders to debtors for unpaid invoices.
- Simplify the handling of payments to and from others.
- Enhance cashflow management.
- Assist in preparing financial statements.
- Facilitate tax return filing.
- Establish and optimize budget performance and more.
Our Xero accounting firm is there to guide you through. W.L.P Group will help you to get your small business’s accounting organized and up-to-date. So that you can focus on growing your business. Your bookkeeping will be up-to-date with ACRA’s latest regulations. Call us at +65 64932970 to set up your Xero bookkeeping account!
Why are accounting services for small business important?
Accounting might be unfamiliar to you if you have just began your business in Singapore. Accounting is crucial for your business success. Mistakes in accounting can harm your finances and even cause your business to fail.
Xero is an accounting firm in Singapore that specializes in helping small businesses. They have experts who will handle your financial records accurately. This helps you track your expenses and income effectively.
Looking for freelancers or independent SME accountants?
If you need Xero SME accountants, you’re in luck! We are a Xero small business accounting firm. That provides online services available anytime.
You can access your financial data from anywhere and anytime in the world.
Tracking business expenses accurately is vital. It helps you know your monthly finances and calculate taxes correctly. Our Xero experts offer personalized tax reporting based on your business type. Avoid mistakes by working with a professional Xero accounting firm in Singapore.
Why choose WLP Group as your accounting firm?
For dependable Xero SME accountants, consider The XERO small business accounting service. They operate globally, serving businesses in 180 countries since their establishment in 2006. Their expert team can handle your bookkeeping needs.
To learn more about their customized solutions, contact them by phone or email. They’ll respond promptly and create a tailored action plan for your needs.
Xero Small Business SME Accounting Firm offers valuable services for managing business finances. Especially in the digital finance era. It’s a solid choice to consider.
Can Xero track GST?
Yes it can! GST is just a regular 8% tax rate and you can specify which products should be taxed in your Xero settings2. You can set individual tax rates for each transaction in the Xero activity statement.
Is Xero more difficult to used in comparison to Wave or Quickbooks?
Xero is very easy to use and probably has the same learning curve as Quickbooks. Xero is slightly more complicated than Wave. But that’s because Xero has a lot more features. (e.g. Dealing with foreign currencies in journal transactions). Either way, out Xero bookkeepers will handle all the complications of accounting. All you’ll need to do is to log into your account and view all your reports – this is the same on Xero, Wave and Quickbooks!
What is the limitations of Xero bookkeeping?
We’ve talked about the advantages of Xero, but let’s also consider its drawbacks.
First, Xero doesn’t have an automated invoice follow-up system. This means you have to follow up with clients after sending invoices. Unlike some other accounting software that sends auto reminder if invoices go unpaid.
Second, Xero comes with a price tag. It offers excellent features for bookkeeping. But, it’s not free like alternatives such as Wave. Xero has various pricing plans. It is based on your business’s complexity and your accountant’s needs.
At last, Xero isn’t very customizable for large businesses. It was designed with SMEs in mind, so it excels in areas like invoicing and billing. It may not meet the needs of large companies. That includes complex foreign currency transactions or intricate cash flow entries. That requires a custom-built accounting solution instead.
Why is WLP Group a Xero Singapore Accounting firm gold partner?
Yes, you heard that right! WLP Group is one of the few gold partners of Xero SG!
There are many benefits to being a Xero gold partner. We receive better and closer support from Xero SG. This means that we can better help you with your accounting! We can also bring up issues that you might have and get them resolved with the help of Xero SG support.
What is PSG Grant?
The PSG Grant is a business grant provided by Enterprise SG (a branch of the Singaporean government)3. They offer funding for IT services and software including Xero accounting software! (You can find more PSG Grant details here.)
WLP Group is a pre-approved PSG vendor. We have helped many Singaporean SMEs with the PSG Grant application process. This means that we are better equipped to help you with your PSG Grant application process. And lastly to get funding for Xero accounting services within a shorter time frame!
- Xero App Store SG – App Marketplace & Small Business Software Reviews. Xero. (n.d.). https://apps.xero.com/sg ↩︎
- Goods and services tax (GST) what it is and how it works. Default. (n.d.). https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/basics-of-gst/goods-and-services-tax-(gst)-what-it-is-and-how-it-works ↩︎
- Productivity solutions grant (PSG). (PSG). (n.d.). https://www.enterprisesg.gov.sg/financial-support/productivity-solutions-grant ↩︎