EOFY ready

Is your business ready for EOFY (end of financial year) ? Xero accounting software has a number of video series, articles and checklists to ensure that you have your financial information and data EOFY ready for your tax agent. Please follow this link:

Everlance Mileage Tracker Application

Do you want to claim more for business related car trips but hate the hassle of writing in a logbook ? Everlance is an android friendly application which can calculate the kilometres you drive for business trips. It also has automatic kilometre detection which can record kilometres for you without you having to do anything. Please see the below link for more information. 

Automated Superannuation

Automated superannuation is available in most accounting software packages. This software provides a simple and quick process when making super payments and understanding your super liability to your employees. Xero accounting software features automated superannuation within their payroll software. “With Payroll in Xero, paying employees Super contributions is a simple, automated process. In just a few clicks, your Super payments can be created, authorised, and paid.” (Xero)

If you are not using payroll software and would like more information, please view the below link which provides a video on the payroll software from Xero which shows how easy it is to process superannuation.



Single Touch Payroll

Have you heard of Single Touch Payroll (STP) ? It’s a new government initiative which will streamline payroll reporting, very similar to SuperStream. It works using accounting software by generating a report to the ATO each time you process payroll. The ATO is currently working with software developers and will make it mandatory for all employers who have 20 or more employees to begin STP reporting by 1 July 2018. Although this may not affect you currently, you may want to discuss this with your accountant as STP reporting may (not yet law) become mandatory for employers who have less than 20 employees by 1 July 2019. For those who use Xero accounting software, an official statement has been made regarding STP reporting: “STP functionality in Xero will be incorporated into the normal pay run process as required by legislation, and Xero will be updated before STP becomes mandatory i.e ( 1 July 2018)”.

Xero Online Accounting Software

Xero online accounting software is cloud-based software that can be accessed anywhere. Features include entering daily transactions, processing payslips for employees, sending quotes and invoices to customers and completing bank reconciliations using the bank-feed feature. This software also allows you to complete and lodge ATO forms like activity statements, payment summaries and statements, taxable payments annual reports and tax file number declarations. This cloud-based software will save and back-up your data automatically and will even allow you to save copies of original documents (e.g. receipts and tax records).   

Xero allows a one month free trial to all new clients to decide if this is the software for them. Please click on the below link if you would like to know more about this software or contact my office as I am a Xero Certified Advisor and have experience using this software.

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