How To

Single Touch Payroll – Are You Ready?

Single Touch Payroll – Are You Ready?

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.

Changes to the Backpacker’s Tax

Changes to the Backpacker’s Tax

Do you employ guys and gals on working VISA's? Then this one's for you...

From 1 January 2017 all workers on a Work and Holiday VISA subclass 462 and 417 will be affected.

It’s starting to look a lot like Christmas…

It’s starting to look a lot like Christmas…

It’s here, again! It is just me or does it come around quicker and quicker every year? 

EVERYONE LOVES FREE MONEY...

EVERYONE LOVES FREE MONEY...

If you know me at all you know I love free stuff… But I think it’s safe to say we all love free money don’t we? 

Time Management Tools

Time Management Tools

Always feel there aren't enough hours in the day? Unfortunately, I can't give you more.. and I wouldn't if I could, because I believe if you don't manage your time with 24 hours effectively... 40 hours wouldn't solve the problem.. These 3 tools will though....

Going Paperless – Receipt Capturing

Sick of receipts fading, shoeboxes full of invoices, receipts and paper? CHUCK ‘EM!... well almost… First download the Xero app to your mobile and snap away…

To add receipts and expenses as you go:

1.    If you’ve got an Android phone, tap RECEIPTS then the plus sign (+); on an iPhone, tap the plus sign (+) then ‘Add receipt’. 

2.    Key in the details. 

3.    Choose whether you paid from a business account, or from your own funds and need to be paid back. (Great for expense claims from staff as you need to approve them once they hit your dashboard before they can be repaid and you can see the receipt…… and they can’t say they lost it!)

4.    In the bottom right click Add file > find it on your camera roll or take a snapshot of the receipt in your hand, and upload it as a file…. then off to the recycle centre it goes!

 

Want to learn more about Xero and streamlining your systems? Send us an email for a free consultation!

Top 3 Productivity Tips When Working from Home

Top 3 Productivity Tips When Working from Home

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.

Payment Options with Xero

Payment Options with Xero

Want to get paid faster? Here are our favourite integrated Apps to accept payments through your Xero invoices...

HOW TO: Splitting payments and deposits

HOW TO: Splitting payments and deposits

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?!

Creating Bank Reconciliation Rules in Xero

Creating Bank Reconciliation Rules in Xero

Creating rules takes a little time to set up but will save you hours coding every transaction each month! Here's HOW...

Employee V Contractor

Employee V Contractor

There is a lot of confusion around what classifies a subcontractor and who should be paid as an employee on the books. Recently, this particular question came up with a client. So here are the rules...

Make Your Dashboard Your Friend

Make Your Dashboard Your Friend

Using Xero? Are you making the most of your dashboard?

Learn how to maximise your SNAPSHOT of your numbers and keep an eye on those liabilities...

HOW TO: Auto-Super Processing on Xero

HOW TO: Auto-Super Processing on Xero

Processing Superannuation used to be a long, painful process... but now with Xero it's so SIMPLE! Learn how here...

Integration in the Spotlight // Invitbox V ReceiptBank

Integration in the Spotlight // Invitbox V ReceiptBank

Sick of spending hours rummaging through papers and tirelessly entering numbers? Are you looking to save time and money on data entry?

Here is a closer look at our two favourite tools for invoice capturing; Invitbox and ReceiptBank...

Report for YOUR business

Report for YOUR business

The chart of accounts is not just a list but a powerful management tool. Have you looked at yours recently?

Setting this up to show the areas of your business you want to track is instrumental in getting a clear picture of your performance.
 

SuperStream… are you ready?

SuperStream… are you ready?

By June 30, businesses MUST meet the ATO SuperStream standards.

The criteria?

1. Paying superannuation contributions electronically...

Cash or Accrual Basis... but what does it all meeean, Basil?!

Cash or Accrual Basis... but what does it all meeean, Basil?!

When I lodge the first BAS for a client or when I set them up on accounting software such as MYOB or Xero – I ask them, do you report on cash or accrual basis? The common response I get is *blank look* “Huh?!”…

So here is the difference...

HOW TO: Splitting 2 Tax Code Transactions

HOW TO: Splitting 2 Tax Code Transactions

Internet and Phone, Produce, Insurance... to name a few of the common purchases that have multiple tax codes.

Here is an example, my phone bill is $180 (including $2.04 GST).....

 

Too much like hard work? We love this stuff.. don't waste your precious time crunching numbers when you could be chatting to customers, innovating or making sales!!!?