If you have casual employees on your payroll in Xero, you may need to add and approve timesheets so you can pay them. Check out our video tutorial for a comprehensive look at all the steps involved in adding a timesheet for your employee and approving it for payment in Xero. First, we take a…
One of the most important things to do in Xero is to manage your contacts. This means your customers, suppliers, employees and more. In this video tutorial, we run through all the different ways you can manage your contacts. This includes adding contacts, merging duplicate contacts and bulk importing and exporting contacts. Once you have…
It happens to us all: you’ve put the payroll together and before you know it, there are changes to be made. Someone has worked extra hours, there’s an allowance to add or tax changes to be made to an employee’s pay. So now you’re wondering, how do I make changes to a draft pay run…
Invoicing customers is a critical part of any business. So, having a smooth invoicing process, will be a major stress reliever for you. In this guide, you’ll learn how to set up a new sales invoice in Xero, how to email them to customers and how to attach files. And to help you learn the…
When it comes to bills, there’s usually more than one you have to pay in and around the same time of each other. To save you time, Xero allows you to create a batch payment so you can pay a number of bills at once. Then all you have to do is download a file…
So, you want to be a sole trader? Or you’re curious about what it means. Well, you’ve come to the right place. Put simply, a sole trader is a self-employed person who runs a business that typically consists of them, however they can employ others to help run their business. When you want to start your own…
If you were asked to explain GST, what would you say? Would it go something like this: “It’s a tax you pay on things you buy.” If so, you’re not alone. This was the typical response people gave us when we did a quick street poll on the topic – and while it’s not a…
Not all goods and services sold by businesses include 10% GST in the price. One type of sale that fits this description is called Input-Taxed. One of the most common types of Input-Taxed sales are financial supplies such as loans, bank account fees, life insurance, superannuation, shares and bonds. Residential rent, the money renters pay…
Goods or services that are BAS Excluded are outside of Australia’s Goods and Services Tax (GST) legislation, which means they are not subject to 10% GST. These transactions are also called “out of scope”. Some of the most common BAS Excluded items are: Wages and superannuation Depreciation Loan payments Dividends Stamp duty Gifts made to…
Did you know GST-free sales and purchases are actually not free from Australia’s Goods and Services Tax? A little bit confusing, hey? Don’t worry, let us break it down for you. There are many goods and services that you buy and sell that are GST-free, including milk, bread, eggs and some childcare, healthcare and educational services. They…
There are two scenarios in which you may register to collect and pay Goods and Services Tax (GST) in Australia: You are required to. You do so voluntarily. When You Are Required to Register for GST The rules governing whether you are required to register for GST are straightforward. If one of the following rules…
In Xero, there are two ways you can unmatch reconciled transactions in your bank accounts: Unreconcile Remove and Redo The main difference is that remove and redo has a bigger effect on the accounts. Let’s take a look at each of the functions before discussing which one to use in different situations. The Unreconcile Function…
