Independent LawnMowing Contractors Of Australia Forum
Page 16 of 16 FirstFirst 12345678910111213141516
Results 226 to 236 of 236

Thread: David's bookkeeping corner.

  1. #226
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    David

  2. #227
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    A few have asked me about whether the $20/MO QBO Plus offer can be taken by those already on QBO.
    Until the end of this month, YES !

    I would become the subscriber of the datafile, and resell to you at the discounted rate (billed annually).
    The rate will never increase as long as it is thru me.
    If you ever wanted to take over or transfer subscription late, then that's okay too.
    David

  3. #228
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    Quote Originally Posted by glassngrass View Post
    A few have asked me about whether the $20/MO QBO Plus offer can be taken by those already on QBO.
    Until the end of this month, YES !
    I have just two left.

    I can also pass on a new with using Xero - 25% off any Xero business edition for first 12 months. (new subscriptions only).
    This offer available only until xmas eve.
    David

  4. #229
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Migrate from old QuickBooks (Reckon) to Xero for free

    The following is from Jet Convert - a service that takes data files from various other software and bring the historical transactions into Xero.
    Just before end of tax year - a great time to migrate if you were thinking about it.

    Act now to avoid losing valuable data

    Under the Xero sponsored conversion service we provide current (2016) plus previous (2015) financial year of transactional history. At the moment you can potentially receive history dating back as far as 1 July 2014 for a July-June financial year.

    After 1 July 2016 the financial years roll over and current (2017) plus previous (2016) financial year of transactional history will then start at 1 July 2015. You effectively lose the first year of history once we move into the new financial year.
    Also now is a perfect time to move your clients. You can avoid the EOFY rush and receive all the efficiencies associated with Xero ready for year end. Read more.

    So don't lose that 12 months of data, convert now and maximise the amount of information your client will receive.
    We Reckon it's time to move to Xero

    Great news, due to the popularity of the new Reckon service we have extended the pilot for a few more months.

    Sponsored by Xero so that they are free to you they include:

    • Full transactional history for the current and previous financial year
    • Reckon Chart of Accounts
    • Contacts
    • Items (accounting data)
    • Payroll set-up.

    Check out our blog post to learn more about our Reckon conversion service offering, or go straight to our website to upload a file to us now.

    As always we recommend you review our FAQs for versions we can convert and recommendations on preparing the file.
    Let's chat

    For really quick questions we now have chat available via our website 9am - 5pm (AEST), Monday to Friday. So if you don't have time to phone simply hop onto our website and pop your query into chat on the bottom left of the screen.

    As always you can also call us on 1800 770 035 or emailsupport@jetconvert.com.au for information. We welcome all questions about our MYOB, Reckon, BankLink and bank statement conversion services.

    Yours,

    Wendy Elms and the Jet Convert Team
    jetconvert.com.au
    David

  5. #230
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Simpler BAS

    Simpler BAS

    Goods and services tax (GST) reporting on the business activity statement (BAS) is getting easier for small business.
    This is due to a change to GST reporting called Simpler BAS a partnership between the ATO, software developers, tax professionals and small business associations.
    With Simpler BAS, from 1 July 2017 small businesses will have less GST information to report on their BAS. The only GST information required will be:

    • G1 Total sales
    • 1A GST on sales
    • 1B GST on purchases

    The following GST information will no longer be required:

    • G2 Export sales
    • G3 GST-free sales
    • G10 Capital purchases
    • G11 Non-capital purchases

    If your annual GST turnover is less than $10 million, you will be transitioned to Simpler BAS reporting from 1 July 2017.
    Simpler BAS will not affect how other taxes are reported (eg PAYG income tax instalments or PAYG tax withheld), or how often you submit your BAS.
    You still need to keep records, such as invoices, as proof of any claims you make in your BAS and income tax return lodgements.
    Subject to eligibility, small businesses registering from 19 January 2017 have the option to use Simpler BAS immediately.

    https://www.ato.gov.au/Business/Busi...)/Simpler-BAS/
    David

  6. #231
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    CHECK: HAVE YOU BEEN SLIPPED A COUNTERFEIT BANKNOTE?

    https://youtu.be/O_weOwnK2TQ


    http://trfm.com.au/articles/fake-fifties/

    Fast thinking by the staff at Traralgon Hungry Jacks helped stop an attempt at passing a counterfeit $50 note.
    Police allege a man offered a fake note and suspicious staff refused to accept it.
    Following the incident, police executed a search warrant and a 26 year old man was arrested and questioned at Traralgon Police Station, and was then released pending summons.

    If you come across a banknote that you suspect is counterfeit:
    Handle the suspect banknote as little as possible and store it in an envelope.
    Note any relevant information, such as how it came into your possession.
    Report the matter immediately to State or Federal police.
    You are well within your rights to refuse to accept a banknote if you have concerns about it.
    Under no circumstances should you take actions that may jeopardise your safety or that of others.
    How to check if your $50 note is a counterfeit or not:
    Is it plastic? Australian banknotes are printed on plastic and have a distinct feel. ...
    Look for the Coat of Arms. If you hold the banknote to the light, you should see the Australian Coat of Arms.
    Look for the star. ...
    Check the clear window. ...
    Feel the dark printing. ...
    Check the print quality. ...
    Look for the microprinting.
    David

  7. #232
    Member Vic mgammon's Avatar
    Join Date
    Jul 2014
    Location
    Bendigo Vic
    Posts
    31

    Default Re: Simpler BAS

    Smoke and mirrors:

    . We (like most small business) don't have export sales so G2 is irrelevant.
    . You still have to record G1 and G3 sales (If you have G3 sales)
    . You still have to record G11 and G14 purchases.

    The only difference is that you don't have to complete the worksheet on the BAS, but you still have to work out GST from GST Free and to do this you need some sort of worksheet.

    Their just puffing their chest out about how their making it easier for small business with out actually doing anything.

  8. #233
    Member Vic mgammon's Avatar
    Join Date
    Jul 2014
    Location
    Bendigo Vic
    Posts
    31

    Default Re: David's bookkeeping corner.

    Just as a matter of interest I'm still using MYOB V12 which is about 16 years old, despite what MYOB said it's working fine on Windows 10. It cost me about $250 16 years ago and I've spent nothing since.

    If you go to online software, your going to get slugged monthly fees, they might seem reasonable at the start but once they get you in the fees go up, like everyone else they are out to make money, so don't get taken in with all the hype their primary focus is to make money.

    Also the last thing you want is accounting programs on your smart phone, mow lawns during the day time and do your accounts at night, at home, on your computer.

  9. #234
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: Simpler BAS

    Quote Originally Posted by mgammon View Post
    Smoke and mirrors:

    . We (like most small business) don't have export sales so G2 is irrelevant.
    . You still have to record G1 and G3 sales (If you have G3 sales)
    . You still have to record G11 and G14 purchases.
    Nope..
    The only GST information required will be:
    G1 Total sales
    1A GST on sales - NOT separate G3
    1B GST on purchases - NOT separate G11 and G14

    Reporting the following is no longer required:

    G2 Export sales
    G3 GST-free sales
    G10 Capital purchases
    G11 Non-capital purchases

    You CAN, however, continue to report as you always have if you choose to, but the change is what you are REQUIRED to report.
    I can't see any compelling reason to do more than you are required.
    David

  10. #235
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    Quote Originally Posted by mgammon View Post
    Just as a matter of interest I'm still using MYOB V12 which is about 16 years old, despite what MYOB said it's working fine on Windows 10.
    It cost me about $250 16 years ago and I've spent nothing since.
    MYOB won't guarantee that this continues to be the case - and it may eventually fail. That said, I know an auto electrician that continues his accounts on an old, pre-GST accounting program on a DOS based PC - he just adds a service item "GST" which auto-calculates at 10% of the subtotal of all preceding items.
    No Windows or program upgrades or updates for 30 years...

    Quote Originally Posted by mgammon View Post
    If you go to online software, your going to get slugged monthly fees, they might seem reasonable at the start but once they get you in the fees go up, like everyone else they are out to make money, so don't get taken in with all the hype their primary focus is to make money.

    Also the last thing you want is accounting programs on your smart phone, mow lawns during the day time and do your accounts at night, at home, on your computer.
    YOU are in it to make money too - is that unreasonable or unethical? Do you begrudge a reasonable fee for a provided service?
    That said, I would like to see subscription rates reduced - but consider - just how much time should an accounting program save you to pay for itself?
    If it saves you 30 minutes a month, then surely it is worth $30-$40 already.

    Again - it is fortunate your MYOB still works on Windows 10 - there are no guarantees this will continue. It 'may' not install on a fresh Win 10 system and 'might' require you follow a similar upgrade path to the one taken to date. You will know when you rebuild/replace your PC.

    Re: Cloud - Updates associated with payroll (PAYG, super,etc...) electronic payments and addition of other useful features, along with backups and security are taken care of for you, also provision of support. I like being able to check my client's accounts, issue or reissue invoices/statements and record receipts in real time. I also like attaching electronic images of significant transactions to the transaction. This not only satisfies ATO requirement for record keeping (no need to keep the paper copies) but makes find them a breeze in the event of a warranty or insurance claim (or ATO request to substantiate)

    Many have been able to extend the useful life of their desktop MYOB (and old desktop QuickBooks) by purchasing tax-tables from a third party such as -
    https://www.fghtables.com/MYOB/index.php

    There is real value in being able to issue an invoice immediately on completion of the job. You are more likely to remember all the details of the service also get paid faster, and less likely to forget to raise the invoice. I personally like being able to focus on the next job rather than remember or track earlier jobs for entering later.
    Horses for courses.
    David

  11. #236
    Senior Member glassngrass's Avatar
    Join Date
    Apr 2007
    Location
    Maffra, Vic
    Posts
    1,379

    Default Re: David's bookkeeping corner.

    Ooooh.... I managed to get a hold of a batch of discounted QBO Plus files and wanted to make them available to the Indi guys.

    Same deal as a couple of years ago - the full QBO Plus edition at $20/Mo for life - but will need to be paid annually.

    Your Reckon Hosted or desktop, MYOB, or Xero history can be migrated into QBO at no cost (first year or two - additional years at small cost)

    Some of you missed out last time, and I didnt expect to have access to this again.

    If this holds some appeal, now is the time to speak up !
    David

Page 16 of 16 FirstFirst 12345678910111213141516

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •