Nexsuite isn't just accounting software; it's a compliance engine designed to align with ACRA, IRAS, and local banking standards from Day 1.
ACRA requires companies to maintain proper accounting records for at least 5 years. Nexsuite acts as your digital vault, ensuring every invoice, expense, and receipt is timestamped, permanently stored, and instantly retrievable for audits.
When you set up Nexsuite, we automatically generate a Chart of Accounts (COA) aligned with Singapore Financial Reporting Standards (SFRS). Assets, liabilities, and equity are categorized correctly from the start.
To prevent fraud and ensure data integrity, Nexsuite logs every modification to your ledgers. If an expense is edited, we keep a record of who changed it and when.
Nexsuite's invoice generator enforces all mandatory fields required by IRAS: your GST Reg No, customer address, invoice date, and the strict breakdown of GST vs. Net amounts.
Our AI helps distinguish between tax-deductible and non-deductible expenses (e.g., medical expenses vs. entertainment), ensuring you claim the maximum accurate deduction when filing Corporate Income Tax.
For GST-registered businesses, Nexsuite aggregates Input Tax and Output Tax in real-time, matching the fields required in the IRAS myTax Portal for seamless filing.
Our AI ingestion engine is fine-tuned on the specific PDF and CSV layouts of Singapore's major banks. We accurately parse local transaction codes (e.g., "FAST Payment", "GIRO", "NETS"), drastically reducing reconciliation errors compared to generic global software.
Nexsuite supports the generation of SGQR codes on your invoices, allowing your clients to pay you instantly via PayNow Corporate, with automatic reconciliation of the incoming funds.
Don't stress about compliance. Let Nexsuite handle the regulatory details so you can focus on growth.
Start Free Trial