Singapore Productivity Solutions Grant Software

A productivity solution grant helps the SME’s in Singapore to enhance the SME’s productivity. As of April 2019, Singaporean businesses are eligible for up to 70% off. For Annual Advanced plan, Singaporean business will eligible for up to 70% off and For Annual plus Plan, Singaporean business will be eligible for up to $5,600 off the total cost.

Are you having any doubt on Productivity solution grant? Contact our accounting software experts at +65-62271797 / +65-67462613 / SMS @ 9382 1959.

Looking to download a quote? You are in the right place. Get a quotation from Pre-approved ISP Provider. And create a CorpPass account to login the BGP Portal for application submission.

Frequently Asked Questions

What is Productivity Solution Grant?

The Productivity Solutions Grant (PSG) is composed by MTI’s Grants Management Office (GMO) and controlled by the applicable agencies, to help organizations in its transformation journey. Adjusted to the Industry Transformation Maps (ITMs), PSG offers support for the selection of IT solution and equipment that have been pre-perused by the enterprises’ lead agencies.

Who is supported under the PSG?

Small and Medium Enterprises are supported under the PSG. And Non-SMEs are not supported under PSG.

How do we say the applicant is local?

The Applicant should hold 30 % of ordinary shares. And the applicant should be Singaporean. Then we determine the applicant is local.

Why applicants have to be registered in Singapore?

Applicants who are registered in Singapore will be eligible for Productivity solution grant.

Can a company apply for a multiple PSG Grant?   

The company can subsequently apply for PSG grant. But the purchase of a solution should be deployed in a different location. If it is in the same location, then the PSG Grant will be rejected for the company.

What are the supportable costs?

Supportable cost is purchase/lease/hire purchase cost of the equipment or IT solution. And it doesn’t support administrative fees.

What is the process for applying for PSG?

• First, you have to contact the pre-approved provider to get the quotation
• Then you have to sign up for Corpas account. Using that login details sign in the business grant portal.
• Then you have to submit your application on the business grant portal

Are you looking for Pre-approved ISP vendor? User Basic Software Pte Ltd is one of the Pre-approved ISP vendors under PSG Grant. So you can buy your EZ Accounting and EZ Payroll software from us with up to 70% PSG Grant. It’s the right time to book your Singapore accounting software. Call us on +6562271797 / +6567462613 / SMS @ 9382 1959 to inquire.

5 Tips to Start Your Financial Year Off Right

If you have the interest to start your financial year off Right, it is the right time to start using the accounting software. Whichever stage you are in, there is a solution. In our article, you will get a few tips to start your financial year off Right.

Upgrade Accounting

If you are in the beginning stage of the business you can use single entry accounting software to record all the transactions. Then business grows well you can start to use the double entry accounting software which is acting as the backbone of your business. By using the accounting software you can able to store all financial information in one place where you can able to prepare financial statement P&L statement and internal or external audit. Through this feature, you can easily find any errors and frauds.

 Revise Chart of Accounts (COA)

Every business people have a COA for their business and that maximizes its value so you no need to do change over time. Based on these values you can able to compare your results year by year. Then you can able to add or remove any chart items based on the revised COA. The well-designed COA always provides accurate results to maintain a company’s financial health. Based on it you can make informed decisions.

Document Old and New Statements

You have to document the Old and New statements to apply for the tax returns. To apply for tax returns you should have five years financial statements from the due date. Then begin the SOP to get ready for your business development.

Practice the CCRRA

The CCRRA system is one of the best reminders for transaction tracking. Get a clear idea about the CCRRA.

Capture: You should have to collect every transaction receipt which is a major part of financial tracking.

Check:  While collecting the receipt you have to write down the receipt information such as a date, item, and purpose. If you conduct any meeting then you have to note down the people who attended. And always maintain separate statements for personal and business expenses.

Record: During the accounting stage, you have to track all the financial information on your accounting software that saves lots of time.

Review:  Every month you have to compare your four reports with previous month’s report That reports are a balance sheet, an income statement (P&L), an accounts receivable aging report, and an accounts payable report.

Act:  Based on your previous reports you have to improve any areas of concern.

 Get Online Accounting Software

Cloud accounting software is one of the best accounting software for business people. By using the cloud accounting software you can protect your financial information and that can be accessible from everywhere. And this software is easy to access and cost-effective one.

Above tips definitely, help you to build a strong financial foundation for your business. If you are looking for accounting software for your business, you can contact our Singapore accounting software support team on + 65 6227 1797 / +65 6746 2613 or Email us on sales@ezaccounting.com.sg  Feel free to reach us!!

In older days people manually manage the financial information such as transaction history, auditing and interpreting all sorts of financial reports. That information may be lost when they tracked with papers.  Accounting software reduces data loss and manual errors.

Accounting Software

If you want to do business in the digital way you have to use the Singapore accounting software. Your business financial status is maintained accurately. This software supervises

Accounts

Financial information tracking is the primary task of accounting software. By tracking the financial information such as accounts payable and receivables you can easily deal with banks.

Invoices and Bills

Through the accounting software, you can generate an invoice for your client and then bills are generated for them.

Sales Tracking

Using the Invoices and Bills you can simply track the total sales.

Payroll Management

Employees payroll are managed by accounting software. Through the accounting software, you can track your employee’s salary, wages, bonus, etc.

Inventory Management

Inventory management plays a major role in business. Product sales, material purchases, and other production processes, Stock levels are managed well in inventory management software.

Reporting tax

By using the accounting software you can simply manage the tax.

Helps in New Budget Making

By tracking the financial information, you can compare your business financial information with previous ones. Based on the comparison you can make a new budget for your business.

Importance of Accounting Software in Business

• User-Friendly
• Generate Reports
• Improve Financial Performance
• GST Ready Feature
• Accuracy and Speed

Why Accounting Software Became So Important?

• Saves Your Time
• Securing Your Data
• Cost Effectiveness
• Business Reports

Saves your Time

When you track your business financial data manually it consumes lots of time. Accounting software simplifies your tracking process.  So accounting software always saves your time.

Securing your Data

Data security is one of the major functions of accounting software. You can provide restricted access for your business people to secure your financial data.

Cost Effectiveness

Accounting software is available in competitive price.  Based on your business requirement accounting software cost vary.

Business Report

The business report includes invoices, transaction history, details of your stock, etc.

Some of the reports generated by the accounting software

• Analyze Sales report
• Sales Customer Detail report
• Sales Register
• Cash Flow Analysis report
• Bank Register report
• Profit and Loss report

These are the importance of accounting software. Then the small business owners prefer the Singapore accounting software for their business.  Do you want to know more about the accounting you can keep touch with us @ Now you decided to buy accounting software for your business just book your live demo!! Feel free to call us on + 65 6227 1797 / +65 6746 2613 and Email us sales@ezaccounting.com.sg.