Every successful move to Xero starts and ends with the business. Before you start your conversion it is recommended that you scope out your needs in advance so we can discuss the best service to for you. Following are some areas you could consider when you plan the move to Xero. Do you want to … Read more
When converting information from MYOB to Xero there are some system differences that need to be taken into consideration. For example MYOB will allow you to create direct entries & manual journals to the Trade Debtor and Trade Creditor accounts. In Xero you are unable to perform these actions. An out of balance between the … Read more
In Xero you can use batch deposits and payments to work more efficiently and reduce manual processing. Batch deposits allow you to receive payments for multiple invoices at once. This is useful for depositing cash and cheques. Batch payments are a fast way to pay multiple bills at once. They can also be used to make wage payments … Read more
Xero payroll is a powerful tool to minimise the time it takes to manage payments to your team as well as superannuation. To get the most out of Xero it needs to be correctly set up. When Jet converts clients from a different accounting system, we set up the payroll with the settings from the … Read more
Using a standard Chart of Accounts across all your Xero orgs works nicely to streamline your report packs and provide ready comparisons. However getting there can be a pile of work if you import the Chart of Accounts as it is in the source file and tailor later in Xero. The good news is that … Read more
Updated September 2019 ******** Some businesses do not want to bring over transactional history but instead want a clean start in Xero. To address this need we now offer no or limited history options in addition to the usual conversion with full transactional history. Your options include: Current month history only $0 balances Transactional history. … Read more
Updated: June 2023 In my role as Partner Engagement Manager I get a lot of inquiries from Xero Partners wanting to understand the conversion process. If you have never used us before, the unknown may be daunting – but in reality it is all very straightforward! 1. Prepare the source file There is some ‘tidy-up’ work … Read more
NO = tick Exempt, in Xero Pay Items Setup Payments to an employee in relation to …Awards and agreements TAX SUPER Overtime hours – award stipulates ordinary hours to be worked and employee works additional hours for which they are paid overtime rates Yes NO Overtime hours – agreement prevailing over award Yes NO Agreement supplanting award … Read more
It is very easy to set up Long Service Leave (LSL) accrual in Xero, though you do need to take into account the complexities of the different legislation in each of the states. The following is a guide for setting up LSL in Xero for payrun purposes. LSL entitlements In all Australia states employees will … Read more
When you terminate an employee, you have to make an adjustment on the amount of tax paid. The Early Termination Payment (ETP) is taxed at a different rate depending on the age and length of employment. It could be between 16.5% and 46.5%. Please see the Criteria for Whole of Income Cap. Please see the … Read more
Xero provides some great time-saving features when it comes to employee payment and leave. You can save yourself a lot of hours normally spent on data entry by inviting your employees and letting them add their own timesheets. Leave requests can also be managed and tracked automatically. The only job left for you as a … Read more
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