PSG Grant Accounting Services

Receive up to 50% funding support with the Productivity Solutions Grant

PSG Grant Accounting Services

Receive up to 50% funding support with the Productivity Solutions Grant

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

ACCA Approved Employer for Professional Development since August 2021

Certified Accountants and Registered Filing Agent

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

XERO Gold Champion Partner and Certified Advisor

Certified Accountants and Registered Filing Agent

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

ACCA Approved Employer for Professional Development since August 2021

Certified Accountants and Registered Filing Agent

Why Apply for PSG Grant With Accounting Superhero?

300+ COMPANIES

Your companies’ finances will be in order and managed perfectly

PRE-APPROVED BY PSG

Applications with us have higher chances of approval

EXPERT ADVISORY

Professional advisory as an approved PSG vendor

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XERO GOLD PARTNER

Certified training partner with experience working with over 300 companies

Who Is Eligible for PSG Grant?

Companies registered and operating in Singapore

Businesses with a minimum of 30% local shareholding with less than 200 employees and an annual turnover of less than 100 million

The purchased solution and/or equipment must be used in Singapore only

Transform Your Business in 3 Easy Steps

STEP 1

LET US KNOW YOUR NEEDS

Check out our PSG Pre-Approved Xero packages and get a quotation from Accounting Superhero.

STEP 2

GET APPROVED

Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

STEP 3

WATCH YOUR BUSINESS TRANSFORM

Upon PSG In-Principal Approval, we’ll get you off the ground and flying in no time.

PSG Pre-Approved XERO Packages

ANNUAL ACCOUNTING PLANS

From $772.81/yr w GST

Low volume of transactions or somewhat dormant.

Annual revenues below $5M.

Not GST registered.

COLLABORATIVE ACCOUNTING SERVICES

From $109/mo w GST

Mid to high volume of transactions.

Annual turnover below $100M.

Is or may be GST registered.

ANNUAL ACCOUNTING PLANS

From $765.72/yr w GST

Low volume of transactions or somewhat dormant.

Annual revenues below $5M.

Not GST registered.

COLLABORATIVE ACCOUNTING SERVICES

From $108/mo w GST

Mid to high volume of transactions.

Annual turnover below $100M.

Is or may be GST registered.

PSG Grant FAQ

Is PSG grant taxable?

No, PSG grant is not taxable as it is given for the purpose of acquiring equipment/ solutions, which is capital in nature.

Is there a max amount capped for PSG grant?

Yes. PSG provides grants of up to 50% of qualifying costs, capped at $30,000 per year for SMEs.

 

Can I apply more than once for a PSG grant?

Yes. Each UEN can have more than one approved PSG-JR application. Read here for more info. 

Are there any exclusions for the PSG Grant?

Yes there are exclusions. PSG grant does not cover:

  • General IT infrastructure such as computers, laptops, printers, network infrastructure and cabling
  • Software subscriptions
  • Maintenance of IT solutions
  • Training costs and consultancy fees
  • Costs incurred before the issuance of the In-Principle Approval (IPA) letter
  • Costs incurred after the completion of the project
  • Projects that are already in progress prior to the application submission

How do I claim PSG grant?

After your chosen PSG grant pre-approved vendor has implemented and completed the solution, you should submit your claims with documentation demonstrating usage for at least a month. Delays will be experienced for incomplete submissions.

How long will it take for PSG grant to be paid out?

It’ll take 4-6 weeks to process each PSG claim provided all required information is submitted. Once approved, grants are paid within 2 weeks. Funds are paid to the company’s bank account via internet transfer.

XERO FAQ

What is the main difference between XERO and QuickBooks?

XERO is preferable for SMEs because of ease of use and value for money. QuickBooks is suitable for enterprises with more complex accounting needs.

Is XERO safe to use?

XERO is compliant with Singapore’s data security regulations, certified by PDPC and meets the requirements of PDPA.

How safe is my data with XERO?

XERO uses bank-grade encryption and two-factor authentication to protect customer data, and all data is securely stored and backed up in the cloud.  It also meets international compliance and security standards, such as ISO 27001 and SOC 2 Type II.

Can I change my XERO plan from the pre-approved solution I’ve applied for?

You may upgrade your XERO plan however the additional costs are not liable for PSG grant.

Do I need to train every new employee who will be assigned to use XERO in my company?

It will be advisable to conduct employee training for the workflows to use XERO. Our XERO Gold Certified Trainers are available to conduct training XERO training for your team.

Testimonials

Get Ahead of the Competition

YOU’VE HAD A HEADSTART FOR YOUR BUSINESS WITH THE PSG GRANT, NOW IT’S TIME TO LOOK FURTHER.

FINANCIAL ANALYSIS

  • Financial analytics
  • Financial analytics
  • Business modeling
  • Budgeting
  • Operations support
  • Improve performance

CASH FLOW FORECASTING

  • Anticipate potential problems
  • Allocate resources efficiently
  • Identify waste and inefficiency
  • Identify best finance resources
  • Know what cash is available

BUSINESS ADVISORY

  • Increase industry knowledge
  • Expand into new markets
  • Risks and opportunities
  • Consultancy service
  • Build reputation

Let Us Help You Get Your PSG Grant, Fast

Let Us Help You Get Your PSG Grant, Fast

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729