• Overview of Xero and its benefits
• Creating Xero account and Xero login
• Navigating the Xero Dashboard
• Using Demo Company account for practice
• Help Centre & Resources

• Adding company information
• Setting up your Charts of Account
• Entering opening balances

• Setting up Quotation and Invoice numbers
• Setting up credit terms and credit limits
• Issuing Quotation
• Issuing Sales Invoice
• Handling multicurrency transaction
• Product & Service Codes
• Invoice branding theme
• History and Notes
• Managing credit terms

• Recording payment on the invoice
• Handling partial payments and overpayments
• Creating credit note and refunds
• When to void a sales invoice
• Payment reminders and Statement of Accounts
• Sales Activity Overview
• Aged Receivables Report
• Xero to Xero Network
• Handling recurring transaction

• Adding customers and suppliers
• Managing contact details
• Setting up contact groups
• Managing duplicate contacts
• Customer/Supplier Activity Profile

• Issuing Purchase Order
• Business address vs delivery address
• Recording supplier’s bill
• Assigning billable expenses to customers
• Recording supplier’s Credit Notes
• Handling partial paments and overpayments
• Purchase Activity Overview
• Aged Payables Report
• Using Repeating Bills for salaries and recurring expenses

• Introduction to Xero Expense App
• Types of user permission
• Setting up Chart of Accounts for the App
• Submitting a petty cash claim
• Submitting mileage claims
• Approving and rejecting claims
• Making payments on claims
• Editing expense claims

• Introduction to InvoiceNow
• Finding customers and suppliers on sg
• How to send e-invoices on InvoiceNow network

• Running standard reports
• Building custom Reports
• Favourite Reports
• Short-term cashflow
• Business Snapshot
• Management Report
• Analyzing financial trends and ratios
• Using tracking categories for advanced analysis
• Running report on tracking categories

• Creating different types of Budgets in Xero
• Comparing actual vs budgeted figures
• Forecasting cashflows

• Introduction to HubDoc
• Recording invoices and bills
• Pushing recorded invoices and bills to Xero

• Exploring Xero’s app marketplace
• Integrating Xero with other business software
• Bess practices for app selection

• Using your preferred exchange rates
• Creating Branding Theme and customising invoice templates
• custom email template
• Using Find and Recode
• Enable payment to this account
• Locking the accounts on year end
• Best practices for data backup and recovery

While we strive to incorporate your company within 60 minutes if all necessary information is provided, there is no guarantee that every application will be processed this quickly. Some applications may be referred to the relevant authorities and may take 14 days to 60 days to process.

List Of Referral Authorities:
Board of Architects (BOA) Singapore
Council for Estate Agencies (CEA)
Enterprise Singapore
Ministry of Culture, Community and Youth (MCCY) – Charities Unit
Ministry of Defence (MINDEF) – Defence Industry & Systems Office (DISO)
Ministry of Education (MOE) – Private Schools Section
Ministry of Foreign Affairs (MFA) – ASEAN National Secretariat, Singapore
Ministry of Home Affairs (MHA) – Registry of Foreign and Political Disclosures (RFPD)
Ministry of Law (MinLaw) – Legal Services Regulatory Authority (LSRA)
Monetary Authority of Singapore (MAS)
Professional Engineers Board (PEB)
Singapore Tourism Board (STB)

In Singapore, two companies can’t bear the same name. So, you have to come up with a unique word or word combination. In case that your desired name is taken, you may try to chance of being referred to a Referral Authority due to having an identical name.

Yes! A foreign individual can be the director of a Singapore-based company. However, Singapore does not permit Corporate Directors but they can be Corporate Shareholders.

Once incorporated, BEAUFORT will send you a Business Profile containing all your company details and your company UEN (Unique Entity Number) which you can use to register for license and opening a bank account.

A private limited company (PTE. LTD.) is a Singapore Company in which the shares are held by less than 50 persons. Most privately incorporated businesses in Singapore are registered as private limited companies.

Limited liability partnerships (LLP) allows companies to operate as partnerships while enjoying the benefits of a private limited company. LLP are separate legal entities. Partners will not be held liable for any losses or debts from the business.o Sole proprietorship essentially means there are no partners in the business. This means the owner can earn all the profits but also bear higher risk if anything happens.

If a company opts to adopt the prevailing Model Constitution, it will be considered as accepting any future changes to its provisions made by law, without the need for any amendment procedures. The adoption of the Model Constitution at a given time signifies that it is fixed unless the company later makes alterations to it.

Yes, before you can incorporate your business in Singapore you must have a physical Singapore Address for your business. It is important to note that P.O. Box Addresses are not allowed.

Yes. By being an approved tenant or homeowner, and after getting your written approval from HDB for your intended business activities, you are eligible to register your business or company using your residential address.

You can register to establish a home office in your personal home or HDB flat and hire up to two non-resident employees, with these conditions;

1. You cannot display any business signs or advertisements outside your house.
2. Your business activities should not make noise, should not produce smoke, odour, waste matter or dust.
3. Your business should not cause elevated levels of traffic into your neighbourhood.
4. Your business activities cannot be in the prohibited list of activities.

From 4 up to 6 weeks.

Yes, Singapore PRs are considered local shareholders.

Claims are performed on a reimbursement basis, hence payment will need to be made to Beaufort Tax Consultants Pte. Ltd. with a screenshot of the bank statement before submission of the claim.

You may choose the package that best serves your need. Our Digital Solution Champion will be happy to guide you on this. Please WhatsApp (65) 8822 9376 or email at contactus@beaufort.sg for assistance.