How to manage GST filing with cloud accounting

The filing of GST return can be a tedious and cumbersome process for small business owners without a proper accounting system. As there are heavy fines and penalties if the strict submission deadlines are missed, it is imperative that small business owners leverage cloud accounting software which can make GST filing a breeze. In this blog post, we explore the numerous benefits of using Xero to manage your GST filing workflow.

Foreign currency management

With Xero accounting software you will never have to worry about converting your foreign transactions into Singapore dollars as this software will handle everything for you.

Saves time

The accounting software calculates all your taxes and streamlines the process of tax filing to IRAS.

Easy tracking

Not only does the software calculates and manage your GST, it also gives you a transparent view of all your transactions.

Record keeping

All information used for GST F5 are retained in Xero and easily accessible.

Easy access to your accountants

Cloud-based accounting software allows you to collaborate with your accountants, by just inviting them to the online platform.

Easy review

Xero sorts your transactions using IRAS's regulations, making it easier for you to track your returns.

Speak to your accountant

We are proud to be a Xero partner who can help digitally transform your accounting function and streamline your GST filing workflow. Schedule a free 30-minute consultation with us to discover how you can outsource your accounting function to us and reclaim your time.

Above blog post written based on information published on Xero website