One of the most common question which I have heard throughout my 12 years in business was: “How can I get your accounting software for FREE? Do you have FREE setup and training too?”
Well as an accountant, I used to face great difficulty in answering this question. However recently, I think I may have found the answer to this ultimate question.
The government has rolled out 3 different grants to help companies defray their cost when adopting an accounting software. It has never been easier to leap into the digital economy through having an accounting solution, such as Xero or ABSS (fka MYOB).
- PSG (Productivity Solutions Grant)
- SFEC (Skills Future Enterprise Credit)
- ERG (E-invoice Registration Grant)
An example is illustrated below
Company ABC received approval for their PSG application to implement a cloud accounting system. The package price is $5,527. After getting 80% funding through PSG, Company ABC can still further claim up to 90% of the balance unfunded cost through SFEC. In addition, the ERG offers another $200 incentive for the accounting system. With all the subsidies included, Company ABC bears ZERO cost for a full cloud accounting system worth over $5,500!
Do not be doubtful, the negative figure above is not a typographical error. Yes, you will actually make a profit by adopting an accounting software! What’s more, you will also get to enjoy personalized training sessions by certified Xero or ABSS coaches and receive detailed guidance by professionals on your setup and onboarding processes.
If you are unsure which is the most appropriate accounting solution for you, why not speak to a neutral accounting specialist like us? We are software agnostic and we represent multiple solutions to cater to your needs. Most importantly, we offer a non-biased opinion and we seek to only provide you with the most value-added solution!