Single Touch Payroll is the government’s way of capturing data in real time for PAYG, Superannuation etc – it also means staff won’t be chasing you for payslips and PAYG summaries as this is all accessible via their myGov portals. They will see tax withheld, gross wages paid, super liable to date in real time.
Personally, I love the freedom of just needing wi-fi and a laptop to be able to do my job… from my home office, to my local café to the other side of the world… I can and do literally work ANYWHERE and EVERYWHERE. But, keeping productive and motivated in a world so cluttered with distractions can be challenging… so here are some ways I keep productive.
It’s more and more common these days for your customer’s to pay a deposit, or pay their bill off in instalments. Same goes for your suppliers and payment terms – a deposit to start production and the balance on delivery for example. This is all good and well, but how do you record this in Xero without creating a million invoices for each stage?!