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News & Updates
My Xero seems to be acting weird!
People sometimes call us, saying: "My Xero account is acting a bit weird, what does it mean?” We ask, “what do you mean, what happens?” “I can’t run transactions properly and I can’t run reports” Scenario This is definitely an issue although generally it is not a...
26 Business Days to End of Financial Year !
The end of financial year is almost here – only 26 business days away Get ready for your organisation’s payroll year end. There are several steps to do before you can finalise the payroll for your organisation. It is essential to do it properly. Xero will be providing...
PAYG Cash Boost : What to do now and how to account for the PAYG Cash Boost Credit
A couple of major stimulus packages ago the PAYG Cash Boost was announced by the Australian Government. Please click here for the details of this. In essence, eligible employers will receive credits allocated to their ATO Activity Account based on the filed March BAS...
Staying connected with your team or group – when alone, or working from home
We are being encouraged to “self isolate” or quarantine ourselves So, during this time it is very important, even essential, to stay connected with other people. This is especially important to be connected with the teams and groups that are ordinarily part of our...
Non-Property assets, what do you do with them? Depreciate or not?
Church accounting for assets and depreciation These notes relate to non-property assets - such as ministry activities’ equipment, furniture, vehicles, office equipment, - ie not land and buildings and not fixtures and fittings that add value to the property or...
Change to Modern Award – Annualised wage arrangements This may affect your full-time clerical staff!
There is a change to the award system that may affect your employees, effective March 1st. As you may have seen in the press about this update from the Fair Work Commission. These new rules affect all employees who are paid an annual wage under some awards. This does...
Sinking Funds for Churches have Sunk!
It has been a long-time common practice for churches to “set aside” money for future spending. This has been particularly used in the area of property maintenance and improvements. It has commonly been called “sinking funds”. The time to sink this practice has come -...
How to… Prepare the GST reconciliation report
Year end is a busy time for the bookkeepers, accountants and treasurers for churches. There are a lot of reports and a lot of detailed accounting work that must be completed. Amongst all the reconciliations of assets and liabilities is the reconciliation of the GST....
How to … Prepare and present the Payments Transactions Report from Xero.
Payments Transactions Report from Xero, this has been one of the commonly requested report forms requested by our clients. Many people have been using spreadsheets for the church bookkeeping and accounting which means there are can be doubts about the accuracy or...