PSG Grant Accounting- Xero
Save on Xero with
Productivity Solutions
Grant up to 50%
Run your business accounting online with xero. Easy to use Accounting software, designed for your small business
Ace's Xero Accounting Solution Package is recognized as a Pre-approved Digital Solution by the Infocomm Media Development Authority (IMDA) and qualifies for the Productivity Solutions Grant (PSG). This grant supports small businesses by covering up to 50% of the costs, allowing them to access state-of-the-art cloud and digital solutions at a reduced price.
Who is eligible for PSG?
Registered company and operating in Singapore
Minimum 30% Singaporean shareholding
Have a minimum of 30% local shareholding;
with Company’s Group annual sales turnover less than S$100 million,
OR less than 200 employees (for selected solutions only)
SAVE MORE WITH SFEC!
What is SFEC
(SkillsFuture Enterprise Credit)?
​To foster business and workforce development, two transformative initiatives have been introduced. The Enterprise Transformation initiative aims to enhance business productivity, while the Workforce Transformation focuses on job redesign and curated training programmes by SkillsFuture Singapore and Workforce Singapore.
Eligible employers can benefit from a one-off $10,000 SkillsFuture* Enterprise Credit (SFEC), covering up to 90% of out-of-pocket expenses for supportable initiatives, supplementing existing support schemes.
*Enterprise Transformation (up to $7,000 only) – Schemes by various agencies hosted on the Business Grant Portal (BGP);
Workforce Transformation (up to the full $10,000) – Training courses aligned to the various Industry Skills Frameworks by SkillsFuture Singapore (SSG), Job Redesign initiatives, and Career Conversion Programmes etc. by Workforce Singapore (WSG)
Package C
$3664
With PSG(50%)
-$1832
Payable After PSG
$1832
If Eligible for SFEC, Claim 90% on out of pocket expenses
*For Illustration Purposes,
what would be possible with the grants