Covenant Professional Services Pte. Ltd. is a Certified Xero Advisor and a Bronze partner of Xero. Covenant is able to assist any company with the implementation of Xero Accounting System if you are looking at migrating from your existing accounting system or from your excel accounting records or start from scratch to a real-time cloud-based accounting system where you can access from your office, your home or on-to-go using the app at a reasonable and affordable price.
What is Xero
Xero is a cloud-based accounting software that is catered for small and medium enterprises (SMEs) that allows you to save all your financial data online. This allows you to access it anywhere, anytime, from any device with an internet connection.
Benefits of cloud accounting
Cloud-based accounting systems like Xero run in real-time, which means your data is always up-to-date. You can connect your Xero accounting system from the office, at home or on-the-go using your mobile phone, it is that easy.
Xero offers the following benefits:
1. Xero provides multiple ways for data to be seemlessly fed directly into Xero
Bank feeds
Bank transaction data flows directly from Xero through secure, electronic connections with a large of banks
Xero network
Small businesses and suppliers can use Xero to transact directly with each other seamlessly, ensuring data accuracy.
Manual entry and importing
Xero provides tools to support efficient manual entry of data, with automated coding and speedy recording.
2. Access controls
Password protection
All Xero accounts are password protected. Xero customers can invite unlimited users into their account to collaborate on their data but the person that holds the subscription has control over who has access and what they are able to do.
Two-step authentication
Xero employs two-step authentication to verify the identity of a customer logging into Xero through a password and a unique code randomly generated by the Google Authenticator app on their smartphone or through a few security questions set by the customers.
3. Monitoring and alerts
View last logged in details
Xero shows the login history of every user and provides information such as when they logged in and how often.
Proactive email alerts
Xero proactively emails users when it detects unusual login activity in their account such as from a different IP address, physical location, device or browser as usual.
4. Controlling and reporting
View user activity at a transaction level
The history and notes section is available within all sales invoices, purchases bills and transactions, contacts and inventory items. These act as an audit trail of changes made to every transaction by any user and cannot be edited or deleted. Users can also add their own notes to a transaction or contact
Multiple reports to monitor activity
Xero provides a range of reports that can be used to monitor activity, validate the integrity of data and understand and acts of issues.
What are the Xero features ?
All the features of Xero have been created to make small accounting easier and improve productivity significantly. These includes:
- Bank reconciliation
- Online invoicing including sending to your customer via email
- Mobile access
- Financial reporting
- File attachments to your invoices, bills, etc
- World-class security
- Unlimited users
- Unlimited email support
- Refund to your customers and bill payments to your suppliers and employees through Xero connected to your corporate bank accounts.
- Bank feeds of transactions into Xero
- Statement of accounts and reminders to your customers
- Expense claims
- Fixed Asset register
Xero Certified Advisor
As a Xero ceritified advisor, we have been assessed by Xero as proficient in the use of Xero application. We have experience of assisting our customers to migrate their existing accounting system to Xero successfully.
Pricing if you want to do it yourself
If you have basic knowledge on the use of Xero and wish to do it yourself.
Standard Xero package
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Send invoices and quotes
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Enter bills, supplier invoices
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Reconcile bank transactions
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Capture bills and receipts with Hubdoc
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Handle single currency
Premium Xero package
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Send invoices and quotes
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Enter bills, supplier invoices
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Reconcile bank transactions
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Capture bills and receipts with Hubdoc
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Handle multiple currencies
Pricing for leaving the accounting function to us
If you wish to leave the accounting function to us and focus your energy on the management of your company.
Standard package
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You send invoices and quotes
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We help you to enter bills, supplier invoices
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We help you to reconcile bank transactions
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We provide standard reports
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Handle single currency
Premium package
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You send invoices and quotes
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We help you to enter bills, supplier invoices
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We help you to reconcile bank transactions
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We provide standard reports
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Handle multiple currencies
Contact Us
Please contact us or whatsapp for a no-obligation consultation or quote for our services.