Xero Accounting Setup

Business Needs Assessment

• Understand your business model and accounting requirements
• Identify the most suitable Xero plan and features
• Review existing accounting processes and gaps

Xero Account Creation & Configuration

• Set up your Xero account tailored to your business
• Customize chart of accounts based on industry standards
• Configure multi-currency, GST settings, and financial year parameters

Data Migration from Previous Systems

• Import opening balances, historical data, customer and supplier records
• Migrate from platforms like QuickBooks, MYOB, Excel, or manual ledgers
• Validate and test migrated data for accuracy

Bank Feeds & Integrations

• Connect your Xero account with Singapore-based banks
• Automate bank feeds for real-time transaction updates
• Set up integrations with POS, inventory, payroll, and CRM systems

User Access & Roles Configuration

• Create user profiles with appropriate access levels
• Ensure data security and segregation of duties
• Implement workflow and approval structures if required

GST Setup & Compliance Configuration

• Activate GST module and align with IRAS requirements
• Configure tax rates and tracking codes
• Prepare the system for F5 submissions

Invoice & Branding Customisation

• Design professional invoice, quote, and statement templates
• Upload your company logo and branding elements
• Automate recurring invoices and payment reminders

Initial Training & Handover

• Train staff on using Xero effectively
• Provide guides for invoicing, bank reconciliation, and reporting
• Offer live support during the onboarding period