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ABSS Desktop Accounting Solution

ABSS (formerly known as MYOB) is a popular desktop-based accounting software in Singapore, having served SMEs for more than 30 years. 
ABSS Premier / Premier Plus is best for SMEs that require integrated accounting, advanced inventory, payroll and leave management software to manage transactions and other business areas.

 

What are the features of ABSS Premier Software?


- There is no yearly subscription fee. The one-time payment will offer you the license for life.
- A single license provides access to up to 5 different companies.
- Can manage the most complex business with ease using multi-user ABSS Premier.
- Provide advanced inventory and business management capabilities.
- Able to process multiple foreign currency transactions.
- Provide a full set of accounts.
- Invoices, quotations, and statements of accounts can all be customized according to unique company requirements.
- Compliant with all statutory regulations and it can complete GST submissions. 
 

Purchase Now!

Get the maximum support level from the government of up to 70%!  

 

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Pre-approved Digital Solutions packages

 

Productivity Solutions Grant
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
From 1 April 2022 onwards, the maximum support level will be up to 70%. For eligible pre-scoped solutions, the enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for Food Services and Retail sectors.

 

Eligibility for Productivity Solutions Grant
Solutions supported by Enterprise Singapore (ESG) apply to local SMEs only. 
To apply for PSG you must meet the following criteria:
The business entity is registered/incorporated in Singapore
The company does not fall under the following categories:

  • Charities 
  • Institutions of Public Characters (IPCs) 
  • Religious Entities 
  • Voluntary Welfare Organisation (VWO)
  • Government agencies 
  • Subsidiaries

At least 30% of the local shareholding is held directly or indirectly by Singaporean(s) / Singapore PR(s), determined by the ultimate individual ownership of the applicant.

Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

 

If you wish to adopt an ESG-supported solution, do also ensure that: 

If you belong to a corporate group, your Company Group Annual Sales Turnover must be ≤ S$100 million, or your Company’s Group Employment Size must be ≤ 200 workers.

If you wish to adopt a solution package from a solution category that you had been approved for previously, it must be deployed to a different location.


Application for PSG

Apply through Business Grants Portal (BGP). You will need a Corppass account to transact on the portal.

 

Application

Prepare the following documents and submit the application.

Company’s Financial Statements & ACRA Bizfile

Unsigned quotation from the vendor

Licenses for certain sector-specific solutions

Tenancy Agreement

Acceptance of Letter of Offer

Log in to Business Grant Portal to accept your Letter of Offer (LOF). Download and read your LOF and accept the terms to start benefiting from the grant.

Submission of Claim

Log in to Business Grant Portal and submit the following supporting documents:

Signed acceptance of vendor quotation for ABSS

Invoice

Receipt

Bank statement showing payments

Pictures (e.g. licence number of the software

Usage report of at least one month

Other documents e.g. vendor’s clarification letter


After submission, you can check the status of your application on Business Grant Portal.

Contact us if you need assistance in filing PSG claims.


SkillsFuture Enterprise Credits

Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.

The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in the enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off credit of up to S$10,000 to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.


Eligibility for SkillsFuture Enterprise Credits
 
There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Newly qualified employers will be notified in April 2022.

 

Choose the right corporate service provider to help your business succeed.  

How to Switch to Accmaster

Are you not satisfied with the service of your current corporate service provider? Does your company face compliance issues and pay unnecessary costs due to delayed response time and poor service of your current corporate service provider? We think it is about time to switch service to a new provider.

At Accmaster, we make the switch easy and seamless.


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