PSG Xero Accounting Grant Singapore

Best Subscription from $360/Year

XERO Singapore Awards 2023 - Finalist
Medium Singapore Accounting Partner of the Year
50% XERO PSG Grant
Xero Cloud Accounting Software Singapore
Clooud Consulting is a pre-approved IMDA vendor for Xero cloud accounting software solutions and widely used by SMEs in Singapore.

Clooud Consulting is a Xero partner and certified reseller of Xero software

Our Pre-approved Packages

Aspire Starter Plan A


After 50% PSG / Exclude GST

Usual Price : $720

1 Year Xero Subscription (Premium Package)

Quotes + Invoices + AR

Purchase Order +
Bills + AP

Bank Reconciliation +
Bank Feeds

Expenses Claims

Fixed Assets Register

Budget Manager

Multi-currency system


Peppol E-invoicing
Aspire Basic Plan B


After 50% PSG/ Exclude GST

Usual Price : $1,820

Everything in Plan A + Basic Professional Services:

Balance Conversion

Opening Balances Conversion

Account Receivables balances

Account Payable balances

Fixed assets balances

Xero Setup

Chart of Account setup

Contact master files

Product & Services master files

Invoice Setup

Payment Setup

Bank Auto-feed Setup

Tax Setup

User Setup

Multi-currency Setup
Aspire Advance Plan C


After 50% PSG/ Exclude GST

Usual Price : $3,010

Everything in Plan B + Advance Professional Training:

Sale module

Accounts Receivable module

Purchase module

Accounts Payable module

Organisation and Financial setting

Fixed Asset module

Bank reconciliation module

Reporting module

1 day (8 hours) training for 2 persons
Aspire Super Plan D


After 50% PSG/ Exclude GST

Usual Price : $4,385

Everything in Plan C + Wonderful Professional Services:

1 extra Customised Form, such as tailored made Packing Slip

2 Tracking Categories setup, such as tracking categories by sales region and retail shops

GST reporting setup

1 day (8 hours) training for 2 persons
Aspire Wonderful Plan E


After 50% PSG/ Exclude GST

Usual Price : $5,850

Everything in Plan D + Wonderful Professional Services:

2 Tracking Categories setup, such as tracking categories by sales region and retail shops

GST reporting setup

DATA Migration

2 day (16 hours) training for 2 persons
Get Quote

Application Process

Propose Application Acceptance Claim
SMEs 2.In Principle
4.Application submission
(BGP - Business Grants
(4 to 6 weeks processing)
5.ESG Letter-of-offer
8.Payment to Clooud
10. Use Xero for 1
month period
11.Claim submission
12. Approval & Payout
claim (4 to 6 weeks
1.Propose Solution
3.Official Quotation
7.Issue Invoice 9.Setup, Implementation
& Training
*Scroll right to see more >>
*Download the PSG Application step-by-step guide

Application Process

SMEs Clooud
Propose 2.In Principle Agreement 1.Propose Solution 3.Official Quotation
Application 4.Application submission (BGP - Business Grants Portal) (4 to 6 weeks processing)
Acceptance 5.ESG Letter-of-offer (LOA) 6.Acceptance 7.Issue Invoice
Claim 8.Payment to Clooud Consulting 10. Use Xero for 1 month period 11.Claim submission 12. Approval & Payout claim (4 to 6 weeks processing) 9.Setup, Implementation & Training

Client Testimonials

  • XERO PSG Grant Singapore
    We got in touch with Clooud Consulting urgently and they took the time to discuss over the weekend on issues of moving over from an old system to Xero cloud accounting software. Very fast response and they completed the setup in about a month’s time.
    Jason Tay
    Alliance Coffee Pte Ltd

  • We are satisfied with Clooud Consulting team to help us in Xero setup, auto bank feeds setup with our local bank, train us in using Xero. Their team, who are all Xero Advisor Certified, also help us in the GST setup. Now we could manage our quarterly GST reporting and IRAS submission with confidence.

    Besides, Clooud Consulting team is really experienced, caring and patient to ensure a smooth communication and system implementation. Thanks to Clooud Consulting!
    Jimmy Goh
    Managing Director
    Thirty Market Place Pte Ltd

  • Clooud Consulting team have supported us to understand the Xero system and setting up for start-up business like us. Thank you for all the guidance and support.
    Nicholas Choy
    Rolling Pineapples Pte Ltd

  • We are happy that Clooud Consultant team’s have setup our Xero system well to support our financial operation for our Honey retail business.
    Jason Koh
    Go Pure Pte Ltd

  • Thank you Clooud Consulting team, for an in-depth discussion to setup the Xero system for our various projects and explain about the compliance requirements and the use of various functions of Xero software to support the operations of our Foundation.
    Adrian Soco
    Share Your Spare Singapore Foundation Ltd

  • I would like to thank Dr Alan Luk and his team from Clooud Consulting in setting up of the Xero software, customising the training and practice sessions. I have also learned the basic concept of accounting, tried out to do the bank reconciliation and closed the monthly accounts.

    They have gone beyond my expectation and provided value added service by arranging UOB bank to setup a corporate account to link to Xero for bank auto feed.

    I am confident and satisfied with Clooud Consulting services. I will not hesitate to refer Clooud Consulting to my associates and partners. Thank you.
    Bentley Woon
    The Chiro Lab

Benefits of Using Xero

Xero support SMEs to automate their accounting processes and increase efficiency and accuracy.
  • Auto-generate quotation, invoice, receipts, delivery note and other customised forms

  • Unlimited users

  • Log into the system from any devices, anytime, anywhere with wifi access

  • Generate instant financial reports

  • Get paid faster

  • Monitor cash flow

  • System link to Singapore local banks : DBS, OCBC, UOB, HSBC and other financial platforms : Aspire, Volopay, Wise and World First

  • Unique dashboard display and provide overall snapshots of expenses, bank balance, creditors and debtors.

  • Always improving and many new updates and features

  • Link to over 1,000+ App partners

FAQs of Xero PSG Grants

Productivity Solutions Grant (PSG)
Is an initiative by Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG). The grants provide SMEs to adopt digitization with approved IT solutions and equipment’s to increase efficiencies and productivity.
How to apply for Productivity Solutions Grant (PSG)
  1. Checkout, Go Business Singapore. For the relevant supported solutions for your industry / business.
  2. Request for the quotation from the approved vendors. If you wish to adopt an accounting software, Clooud Consulting is the few pre-approved vendor for Xero PSG 70% government grant support.
  3. Submit your application from Business Grants Portal with your CorpPass Account.
Are you eligible for Productivity Solutions Grants (PSG)
  1. Registered with a ACRA Uen and operating in Singapore
  2. With 30% local shareholdings of Singaporean or PR
  3. Subscription of IT solutions and equipment’s must be use in their Singapore business
  4. Company annual sales turnover ≤ S$100 Million or ≤ 200 employees
What is the period for application approval and claims?
The application and claims normally will be process between 4 to 6 weeks period.
How will you be notified of the approval (Letter-of-Offer, LOA) and the claims disbursements?
You can login to your Business Grant Portal (BGP) to check the status and an email will be send to you on the various notifications.
Latest update from Xero

File a GST F5 return direct to IRAS

  • Directly file your GST F5 return with the Inland Revenue Authority of Singapore (IRAS) from Xero.
  • You'll need to pay any GST owing to IRAS separately.
How it works
  • Xero sends the amounts on the GST F5 return to IRAS. The transactions that make up the amounts aren't sent.
  • You need the adviser or standard and view reports user role to file a GST F5 return from Xero.
  • If you owe GST to IRAS, you’ll need to pay this outside of Xero.
  • If you’re owed a GST refund, you'll receive this outside Xero.


How it works for Businesses
How to get connected?
For a small & medium entreprise

Step 1 : Check if your finance or accounting solution is Peppol-ready and listed in IMDA’s preapproved solution provider list.

Step 2 : Get your Peppol-ready solution provider to activate the InvoiceNow feature on your exixting solution.

  • Other wise, approach an Access Point Provider to integrate InvoiceNow into your in-house system.

Step 3 : You are ready to InvoiceNow! Start to send and receive invoices directly through your finance or accounting system.

If you are not using any existing finance or accounting solution, you can consider these Free Solutions with basic InvoiceNow capabilities.

Contact us : Clooud Consulting will assist you to setup and connect to InvoiceNow.

PSG Xero Grant

Xero Cloud Accounting Software with 50% PSG Grant’s
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