• EBOS helps to guide businesses on their cloud accounting journey with Xero. Companies can connect Xero to their bank for automatic bank feeds and easily sync bank and financial information directly to automate their administrative tasks.

   

  With integrated mobile app for Xero, they can store documents online for quick access and capture bills and receipts via email, or scan files from their mobile. They can also access Xero to view a summary of money coming in and going out on the Xero dashboard, and in cash flow reports as well as tons of flexible features available to suit each company’s needs.

  Xero is also InvoiceNow ready and lets businesses send and receive e-invoices directly between their accounting software systems via the Peppol network.

The Productivity Solutions Grant (PSG) is a joint initiative of Infocomm Media Development Authority (IMDA) and Enterprise Singapore that covers areas from Accounting, Human Resources Management, Inventory Management, POS, and e-commerce system to encourage companies to adopt IT solutions to optimize business processes.

PSG offers up to 50% subsidization support, enabling organizations to make long-haul innovation ventures and likewise to launch their digitalization initiatives in order to bolster Singapore’s business digitalization efforts for all SMEs and MNCs.

• Registered and operating in Singapore
• Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
• Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

During the recent Budget 2022, Minister for Finance, Lawrence Wong, announced that the SkillsFuture Enterprise Credit (SFEC) scheme will be extended to more companies with the qualifying criteria lowered. This scheme is tailored to SMEs who fulfil the eligibility criteria during the qualifying period for Enterprise Singapore’s SkillsFuture Enterprise Credit (SFEC) to receive a one-off credit of up to $10,000 per firm to invest in both enterprise and workforce transformation concurrently.

Under the enterprise transformation component, companies will be able to use up to $7,000 of the SkillsFuture Enterprise Credits which can be used to cover up to 90% of out-of-pocket expenses on qualifying costs for SFEC-supportable programmes (including PSG) and the remaining minimum credits of $3,000 must be allocated to workforce transformation.

The goal of PSG from the Singapore government is to help companies increase their productivity and is limited to approved solutions and services. If you are not eligible for PSG, check out Digital Growth Grant (DGG) by EBOS Cloud Accountants now.

Yes, Sole Proprietors are still eligible for PSG and DGG.

You will have to make 100% of the payment once the project is completed before the PSG reimbursement can be made. Therefore, it is important for companies to ensure that they can manage their cashflow for the payment, as the process for implementation will takes 1 to 2 months.

If you like to complete the project in a shorter time period, please inform our Success Partner and they will advise you accordingly.

Yes, you can wait for the Letter of Offer to be given before paying a deposit to EBOS. This will mean that you will only book slot after the deposit has been paid.

Every job is different and training is based on each industry requirement.  Our success team will guide you to prepare for the necessary documents and information needed for a speedy migration of the system. Hence the estimated schedule depends on the time taken for you to confirm the information as well as the packages chosen.

We will be able to provide you with a better gauge of the schedule once you have shared the details of your company financial and operation status with our Success Partners and Cloud Accountants. Contact Us for a free, no obligation consultation today!

As the PSG is a government grant, it is highly regulated by Enterprise Singapore. Our original PSG package cannot be modified. However, any additional features can be quoted by our company separately and they have to be invoiced separately from the PSG project. Kindly inform our Success Partner who can guide you further on this.

Yes. We can train your employees in English, Mandarin and Tamil. Our trainers are very patient as we understand it is not easy to go through digitalisation for matured employees. Hence, we suggest that companies opt for more training hours to ensure that employees can fully comprehend the new system and make full use of system wisely.