One of the recommended software to meet the upcoming GST INVOICENOW requirement for GST registered businesses.
Xero Accounting software is a MULTI-USER and Multiple currency online cloud based accounting system that enables concurrent users to work from anywhere in the world, on any computer or mobile device. Its features and functions include but are not limited to the following:
- Banking/cash book
- Sales
- Purchases
- Fixed Assets
- Managing Inventory Items
- Foreign Currencies- exchange rate linked to global xe.com website
- General ledger
- Financial reports
Competitive advantage of Xero:
- Live bank feed function to integrate with UOB, OCBC, DBS, Maybank HSBC bank this allows selected users to view bank statements when signed in to xero
- GST Invoicenow by IRAS and Peppol E invoice by IMDA compliant.
- Fixed Asset module manages large asset volume and allows detailed description of individual assets and automatic processing of depreciation with various depreciation formulas/methods, module also has fixed asset register for submission to auditors.
- Go paperless function allows softcopy documents to be stored into the accounting system or attached side by side to an invoice, bill or transaction
- Friendly integration with various applications such as inventory systems, CRM systems, payroll software
- Allows accounting entries to be saved as draft entry before being approved by the approver in line.
- Quotation and Invoice each have their own numbering series. eg 20170001 for invoice and 20179001 for quotation.
Xero Module Optional Add Ons:
Xero Projects: To manage new projects, to open new projects and close completed projects. Users can track project revenue and project costs, a detailed overview of the full project timeline, project budget vs project actual costs, generate project profit and loss and detailed project reports.
Xero Expense claims: Employees can upload receipts and bills via xero for approval , subsequently claims will be reimbursed to the employee.
Our Xero Training course will provide the necessary knowledge, skillset and experience to operate xero accounting software to meet your business requirements.