Xero records GST and includes it in GST F5 returns.
Xero converts transactions back to SG dollars.
View and adjust GST transactions and manage GST from prior periods.
Xero calculates GST on supply and purchases, and generates a GST F5 return and IRAS Audit File (IAF).
Xero automatically includes foreign currency transactions and their realised gains or losses in GST F5 returns.
Accurately track, review and manage GST transactions in Xero, and collaborate with your advisor.
Xero became a really critical tool for us as we took on more staff.