At the end of the month or when you would like to give customers a gentle reminder that they have outstanding amounts owing that are overdue using a debtor statement can be a useful tool. By staying on top of amounts owed to your business you will help cashflow and reduce bad debts. Here is […]
Here is one way you can use the images of invoices and receipts you have taken on your QBO app to create expense transactions for thing you have spent money on with that attachment. Please click here to download the exact Excas Accounting Tax & Business Specialist exact guide to using attachments
Here is Excas Accounting’s check list of what exact details we will need for your small business tax return. The best way you can keep your accounting fees low is to keep good business records that summarises your income and expenses for the year into categories. In the checklist is a standard set of costs […]
Please click here for Excas accountants rental properties checklist of what to bring to your tax appointment
A trust is often used to provide better tax result, sharing income among the beneficiaries and to help provide some asset protection where possible. For more information about trusts please read this article Discretionary Trusts If changing your structure has been suggested by your trusted advisor and you have reviewed all of the pros and […]
Here is my exact guide on how to enter a bill into your books if you are using QBO Quickbooks Online:
It can be a bit fiddly to enter your registration renewal to calculate the correct amount of GST to report on your Business Activity Statement as not all of your payment attracts GST. Click here to download an exact copy of Excas Accounting guide to entering motor registrations into your QBO accounting software:
How much is capital gains tax? This is the exact question that Excas Accounting answers a lot. To understand the basics of how Capital Gain Tax works please download Kerry Casanova’s Guide :
How to Reconcile Kounta Receipts in QBO Each time you complete your days takings at the End of the Day in Kounta your data will be exported directly into your QBO (provided you have set up the integration in Kounta) using the account information you provided to Kounta. What Happens in your Quick Books? Each […]
Sometimes your clients might make progress payments where they pay a portion of an outstanding invoice. The Split function in Xero makes its easy to allocate these payments against the correct sales invoice. Click here to download an exact copy of Excas Accounting cheat sheet that shows you how:
Once you have added all of the transactions that have come into your QBO file from your direct bank fee for the month your next step is to reconcile your bank and credit cards. Please download an exact guide on how to reconcile your accounts by Excas Accounting To-reconcile-a-bank-or-credit-card-account-QuickBooks-Online.pdf
As an employee you are able to claim a deduction for using your car for work purposes if you use your car for your job for any of these: You drive between separate jobs on the same day OR You drive between alternate workplaces for the same employer on the same day OR Delivering or […]
What your logbook needs to include To be able to prove how you have used your vehicle to earn your income your logbook has to hit the key ATO requirements. There is no point giving your accountant a logbook that doesn’t cover the details that the ATO have to have, if it’s not valid than […]
When do I need a Logbook for Business Vehicle? The simple answer is when the Taxman considers that you are driving a “Car” rather than a Motor Vehicle you need to do a logbook to give yourself the best possible deduction for you. This is where tax terminology gets confusing as it goes against what […]
Three Things You Should Do To Save This Tax Time No-one wants to miss out on a tax deduction or pay more in accountant fees than they have to. My biggest tip for you this tax time is to get organized, as the more you do for yourself the better result you will from your […]
Being able to customise your payroll in MYOB will help you to produce reports about your wages costs that are more meaningful and add value to the data you collect in your accounting software. Please click here to download our easy exact instructions how to add new wages categories into your company file Extra resources […]
If you are interested in being able keep an exact track employees time and allocate labor costs to your jobs MYOB has a built in function that can help. Please click here to download our easy exact instructions how to start using Timesheets in your MYOB file:
How do I get paid from my own business? This exact question comes up quite a bit and my answers in this article relate to those of you who are running your business as a sole trader or partnership. When you operate as a sole trader or a partnership you will pay income tax on […]
HOME BASED BUSINESS This article applies if you are a self-employed person operating your business without renting/owning business premises and home happens to be the place that you work out of. Good examples of this are Tradies that have a workshop/shedding at home, personal trainer who sees clients at home or awesome accountants who have […]
WORKING AT HOME First off we have to figure out if you are working from home or are you a home based business? This will make a difference to the type of expenses you can claim for. This article talks about what options you have in claiming tax deduction for the time you spend working […]
When you are reconciling your Xero file there will be times when the decision Xero has made as too which invoices and customers the bank deposit should be allocated to isn’t quite as you expect. Please click here for Excas Accounting, your Xero Certified accountants, easy and exact instructions on how to use Find & […]
For help on how to enter your sales invoices please click here for our free cheat sheet Contact your Excas Accountant, Kerry Casanova for any training in Quickbooks cloud accounting software For more about QuickBooks Online please go to Intuit Australia
It can be a bit fiddly to enter your registration renewal to calculate the correct amount of GST to report on your Business Activity Statement as not all of your payment attracts GST. I t can be tricky to get the numbers exact. Click here to download Excas Accounting guide to entering motor registrations into […]
A cash transaction account in your Reckon file can make it easier to account for all of those small purchases that you make day to day. Create a Petty Cash account in your Quick books to make sure that all of your deductible expenses make it through to your accountant’s figures. Excas Accounting have made you a […]
Please download Excas Accounting’s cheat sheet to see how to check that your bank accounts reconcile exact in Xero.