Every small business needs to do accounting. The efficacious management of money by cloud accounting software can help businesses better handle monetary ups and downs, save precious time and energy, and invest efforts in more innovative pursuits. It is in such a context of account management that the Xero SME accounting software comes into the picture.
It would not be erroneous to assert that Xero is the quintessential accounting solution for small businesses. It offers an intuitive and easy-to-use interface, offers instant access to a company’s financial data, and ensures the healthy operation of a business through the right tools. Xero allows users to pay bills, file tax returns online, automate accounting, and more. Moreover, Xero is also associated with the accounting PSG grant, which allows SMEs in Singapore to get up to an 80% subsidy for their accounting software costs. This makes it much more affordable and easier for small businesses in Singapore to do accounting.
Xero accounting PSG Grant
Productivity Grants Solutions (or PSG) is a joint initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore to help companies keen to use IT solutions and equipment to reach their end goal of enhancing business procedures.
It is noteworthy to mention that Xero is one of a few of the selected financial management solutions approved by IMDA for the accounting PSG Grant. That’s because Xero is renowned and used all over the world. Businesses based in Singapore can get up to 80 per cent subsidy and other additional bonuses for Xero from approved accounting PSG grant vendors.
Top 3 benefits of using Xero
In recent times, Xero SME accounting has gained momentum and widespread appeal due to its simplicity and versatility. Some of the features of Xero are specifically meant to make the lives of small businesspersons easier.
- Faster Payment – Say goodbye to the archaic way of producing invoices on paper or PDF with Xero cloud’s online invoices. It goes without saying that online invoices are an excellent way for small and medium-sized enterprises to save time and deal with large volumes of shipments and contracts with ease. With its online invoice feature, Xero automatically matches the invoice with the customer, eradicating waiting time and any other confusion.
- Save Time – Xero is an excellent way to streamline tasks and save time and energy for more essential and intuitive tasks. The various automated task mandates of Xero help businesses steer clear of mundane and repetitive tasks and focus more on innovative duties.
- Excellent Integration – Xero software’s simplicity is exemplified through its potential to be used in more than 700 third-party apps, thereby creating a customised solution for businesses of all types. You can integrate Xero with renowned programs like Microsoft Office 365, SimPro, Shopify, etc. A whole assortment of functions such as specialised system requirements, customer relationship management, and industry-specific solutions become easy with the top-tier integrations of Xero.
