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...

Happy EOFY!

Happy EOFY!

Here are some important dates to remember this Tax Time!

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!!!?

3 Common GST Mistakes

3 Common GST Mistakes

June is fast approaching and it will not only be BAS time again, but the end of the Financial Year..

GST and what has it and what doesn't is a common area of confusion for my clients! And fair enough too.. like the English language there are so many "exceptions to the rule"... 

MARCH into this B.A.S with your game face on....!

MARCH into this B.A.S with your game face on....!

"I would rather face root canal surgery with no anaesthetic than do bank reconciliations" - Devan Sabaratnam

Does that sound like you? Well it's that time again.. the end of a quarter.. but it doesn't have to be as bad as all that! Why not look at it as a clean slate, a time to reflect and check in with your business? BAS time can actually be used to your advantage!