Avoid the 5 most common bookkeeping pitfalls
Here are 5 of the most common bookkeeping pitfalls, and some simple tips for getting back on track. Mixing business and personal All too often, [...]
The best 5 apps for tracking small business expenses
Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved [...]
Why bookkeeping is crucial to your success
Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you [...]
No tax deductions if you don’t meet your tax obligations
New laws passed by parliament directly target the behaviour of taxpayers that don't meet their obligations. Tax deductions denied If taxpayers do not meet their [...]
Employ staff? Single touch payroll applies to you!
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – [...]
Xero Tip – the inbuilt calculator
The inbuilt calculator! Did you know you can perform basic math functions right within a transaction in Xero. Saving you time looking for your calculator [...]
Xero Tip – support
Xero has a new way to contact them for support. You now have to log a support request online. If you send them an email [...]
Xero pages tip
Did you know you can view multiple pages in Xero at the same time? All you need to do is, right-click on a link and [...]
Xero tip – reconcile a bank statement
Underpaid or overpaid? Follow these steps to reconcile a bank statement line that doesn’t quite match a transaction. 1️⃣ Next to the bank statement line that [...]
Xero tip – expense claim codes
If there are only a few accounts you want displayed when coding expense claim receipts, limit that number by going to the chart of accounts [...]