Are you getting tired of doing manual accounting entries daily? Or are you thinking of which is the best accounting software to use?
If your answer is Yes to the above, then this blog is a must-read for you!
In Singapore, Xero is probably the most popular cloud accounting software which many SMEs are using. Here we have summarised 5 of its extremely distinctive features for you.
5 Reasons To Use Xero in Singapore
For DBS users, you will still have the additional capability of preparing batch payments within Xero, after which Xero will then send the information to the bank directly for automatic processing of payment.
With InvoiceNow, your sales invoices that are issued from Xero will be able to seamlessly flow into your customer’s accounting software, without the need of having any manual data entry. The best part is, your customers do NOT even need to be Xero users at all, they just have to ensure that their accounting software is connected to the InvoiceNow network.
This is a significant milestone for Xero as InvoiceNow is an initiative by IMDA and is being recognized as a nationwide framework to facilitate faster payment processes. With the Xero mobile app, you can now easily issue sales invoices at your fingertips!
With a faster and more convenient payment, it will now be easier for you to even engage in overseas business transactions. Take ourselves for example, after being able to accept credit card payments, we have managed to expand our clientele base to neighboring countries such as Thailand, Philippines and even Myanmar!
Such automation minimizes human errors and eradicates manual repetitive tasks. Your productivity will improve tremendously with such a feature! This OCR software, known as HubDoc, will be set up for you at no cost when you get Xero from us.
Another smart design is that, as you are editing accounting entries in Xero, the stored related documents will also automatically appear on your screen so you can view and check everything at the same time. This is a really cool and convenient feature too.
Up to 80% Funding Support
Perhaps another key feature is that you can actually get up to 80% funding support through the Productivity Solutions Grant (PSG) when you adopt Xero!
PSG funding has been reduced to 50% on 1 April 2023.
Being the very first PSG pre-approved vendor for Xero, we have implemented Xero for more than 800 clients in Singapore and Malaysia.
We have the full capabilities and experience to guide you through the entire process. From offering detailed diagnosis of your problems, assisting you with the grant application, to providing full setup and training for Xero, we offer comprehensive packages for you to select based on your needs. The price starts from as low as US$20 per month.
If you are interested to learn more on Xero, submit the form below and we will get back to you within the same day.