PSG Grant for Accounting Software: Up to 50% Off Your Xero Setup

• Set up Chart of Accounts in Xero

• Enter relevant company information into Xero

• Review and finalise GST and tax settings

• Import of ending balances for latest financial year end

• Bank feed set up and import of historical bank statements

• Import outstanding AR/AP invoices

• Import of fixed assets and depreciation schedule

• Import of products and services

• Import of customer and supplier contact information

• Set up of up to 2 invoice templates using Xero's standard or custom template

• Import detailed line-by-line historical transactions for up to twelve months and up to 1,200 lines

• 8 hours of Xero training via online screen-sharing for unlimited participants

PSG provides up to 50% funding support on the eligible cost of a pre-approved solution, capped at S$30,000 per company. We scope your solution and confirm the exact support you can claim before you commit.

It depends on the package. Our PSG-supported Xero packages range from the subscription on its own up to full setup, training, and migration, and they start from around S$385. PSG covers up to 50% of the eligible cost, capped at S$30,000, so what you pay out of pocket is lower than the full price. We confirm your exact figure, and the support you can claim, in your quotation. Request a quotation to see your price.

Yes. Xero is a PSG pre-approved accounting solution, and Harvest Accounting is a pre-approved vendor, so you can claim PSG support on your Xero setup through us.

Your business needs to be registered and operating in Singapore, have at least 30% local shareholding held by Singapore citizens or PRs, and be an SME, with a group annual turnover of up to S$100 million or up to 200 employees. We check your eligibility at the consultation.

You apply through the Business Grants Portal (BGP) using your company's CorpPass, and you must apply before you pay or place a deposit with the vendor, because PSG does not support retrospective claims. With Harvest the steps are simple: request a quotation from us for your Xero solution, then submit the application yourself on the BGP. Applications usually take around four to six weeks to process.

We provide the PSG quotation you need and guide you through the process. You submit the application yourself on the Business Grants Portal using your company's CorpPass, so the grant stays in your company's name, and you apply before paying us. Once your grant is approved, we set up and run Xero for you. Request a quotation to get started.

Applications are processed within 4-6 weeks from the submission of all required information. Companies are strongly encouraged to submit their applications ahead of time to account for the application outcome and/or processing duration required.

Disbursement of the PSG grant will be credited directly to the company’s bank account through GIRO. The completed GIRO form must be verified by the company’s bank and submitted to ESG before the company’s claim request. For multiple claims, the GIRO form is only required during the submission of the first claim. The company will need to submit a new GIRO form if there are changes to the company’s account details.