Helping small businesses thrive worldwide
Paying the full price for accounting software is expensive. Yet government support stays right there waiting for you. Many business owners miss this free help simply because they do not know where to search. The Xero PSG Grant resolves this problem nicely. Singapore started the Productivity Solutions Grant to push companies toward digital tools. This programme covers many types of software, including online accounting platforms. Xero is a top pick for small and medium businesses. The grant pays up to half the cost for the first 12 months. Xero PSG brings professional bookkeeping within reach for any local company.
Xero PSG grant rules are written in simple language with no difficult terms. PSG Grant Xero steps break down into five simple stages. PSG Xero perks also include a clear look at each package. By the end, every business owner will know exactly how to claim their 50% subsidy.
The PSG stands for Productivity Solutions Grant. The government started this initiative to help businesses adopt useful digital tools. Xero PSG grant supports companies in moving away from manual bookkeeping. Manual records often lead to errors and wasted hours. Digital solutions resolve these problems by automating daily tasks.
Businesses that switch to Xero notice fewer mistakes. They also spend less time chasing numbers and more time growing. The Xero PSG Grant lowers the financial barrier to this upgrade. Small and medium companies find this support especially valuable. The grant does not require repayment, making it a true subsidy.
The grant covers a large portion of the software cost. Eligible businesses receive up to 50% off their Xero expenses. This PSG Grant Xero reduces the amount a company pays out of pocket. The subsidy applies to both the software subscription and setup fees.
Xero PSG offers this support for the first 12 months of use. After that, businesses pay the full rate. The half-price help makes the first year very affordable. Many companies use this time to see real benefits. They notice smoother workflows and better financial tracking.
The table below shows a simple breakdown of how the subsidy works:
Premium Plan | Without Grant | Up to 50% Subsidy |
|---|---|---|
Monthly Subscription | $95.00 | $47.50 |
Businesses should plan their budget for the first year with this help. After applying the PSG Grant Xero, the remaining balance becomes much easier to handle. This support turns an expensive upgrade into a smart investment.
Not every business can claim this subsidy. The government set clear rules to decide who qualifies. PSG Xero follows the same eligibility standards as other PSG grants. A company must meet the main conditions to apply.
First, the business must register properly in Singapore. The authorities check the ACRA status before approving any grant. A valid registration proves the company exists and operates lawfully.
Second, local shareholders need to own at least 30% of the company. This rule ensures the grant benefits for Singapore-based owners. Foreign-owned entities do not receive this subsidy.
Third, the Xero solution must be used at a Singapore location. Using the software from another country breaks the eligibility rules. The grant supports digital growth only within Singapore.
Fourth, buying from an unlisted seller makes the application invalid. The government maintains a list of approved vendors for PSG claims. Triserv holds a spot on this approved list.
Fifth, the business must have filed annual returns and tax filings and be free from pending strike-off or non-compliance penalties at the time of application and disbursement.
Sixth, the company must meet the SME definition. The grant considers the entire corporate group. As long as either turnover is S$100 million or below OR employment is 200 people or fewer, the company qualifies. Exceeding both limits will disqualify the application.
Xero PSG does not cover businesses that operate only outside the country. The grant also requires the company to buy from an approved vendor. Buying from an unlisted seller breaks the eligibility rules. Businesses should check these points before starting any application.
The application process has five clear steps. Following each one carefully leads to a smooth approval. Any local business can use this same path.
Triserv acts as an approved vendor for Xero. Request a quote that lists the software and setup costs. This document becomes essential for the next steps.
Log in to the government portal using a CorpPass account. Upload the quotation and fill out the application form. Double-check every entry before sending.
The authorities review each application carefully. They check eligibility and document accuracy. Most decisions arrive within six weeks.
After approval, buy the software from Triserv. Set up the system and train staff on its use.
Submit proof of purchase and payment through the portal. The grant amount gets deposited into the company bank account.
Claim your 50% subsidy now. Contact Triserv, get your quote, and start saving on Xero today.
Xero is cloud-based accounting software that can be integrated with other apps to simplify your business processes and increase business productivity.
Xero integrates with hundreds of add-on business applications so you can easily sync and streamline your data.
Xero offers fixed subscription fees, no hidden costs and free upgrades. Say goodbye to expensive network, support licence fees and enjoy 24/7 free online support.
Xero links to your bank accounts, so your information is always up to- date and accessible from any location, office, tablet and mobile with unlimited users.
Data is safely and securely stored online and backed up in multiple server locations. Servers are controlled by multiple layers of firewalls, intrusion protection systems and routers. Security is regularly reviewed and audited by external specialists.
Triserv offers different plans to match various business needs. Each package includes core features like invoicing and bank reconciliation. The right choice depends on subscription, setup, data migration, and training.
Package Name | Total Package Cost | Qualifying Package Cost |
|---|---|---|
Xero Accounting Software – Premium Subscription Only (Starter Package) | S$1,056 | S$1,045 |
Xero Accounting Software – Premium Subscription & Setup (Basic Package) | S$2,056 | S$1,845 |
Xero Accounting Software – Premium Subscription, Setup & Training (Essential Package) | S$3,056 | S$2,645 |
Xero Accounting Software – Premium Subscription, Setup, Data Migration & Training (Premium Package) | S$4,056 | S$3,445 |
PSG Xero applies to any of these packages. The subsidy covers the same percentage regardless of the plan chosen. Businesses can start with a lower package and upgrade later.
Xero automates tasks that used to take up a lot of time.
Data is protected and stored in one place.
Access your data and Xero tools easily from anywhere.
Keep employee easily reconcile payments in Xero.
Manage quote, invoice, costs using Xero.
See your invoices, contacts and accounting online.
Lets begin with a quick chat, let us know what we can help with so we can understand you better.
The Xero PSG Grant is a government subsidy under Enterprise Singapore’s Productivity Solutions Grant (PSG) initiative. It helps eligible Singapore SMEs adopt Xero accounting software by covering a portion of the approved costs.
To be eligible, your company must meet all of the following criteria:
The PSG grant covers 50% of the qualifying cost for your selected TRISERV Xero Package. The relevant government authorities set the grant rate and qualifying period, and they may change it without prior notice. This subsidy applies only to purchases made from approved PSG vendors.
The PSG Xero subsidy covers the qualifying cost of Triserv’s pre-approved Xero packages, which may include a Xero Premium subscription, software setup, training, and data migration depending on the package selected. Administrative fees or other unrelated charges are not covered.
No. You must not sign any contract or make any payment to Triserv until your PSG application has been approved. Submit your application first and wait for your Letter of Offer before proceeding.
Yes. The PSG grant Xero has an annual cap of S$30,000 per local company per grant year (1 April to 31 March). Please plan your PSG applications within this annual cap.
It’s simple to get started. Contact Triserv to find out which PSG package best fits your needs and request a quote. Once you receive the quotation, apply directly through the Business Grants Portal at apply.gov.sg using your CorpPass account. Our team will guide you through every step of the process.