Home » Archives for We asked our 3000 members of the Applied Education Bookkeeping Facebook Group if they preferred MYOB or Xero to use day-to-day. The results were surprising. Xero was the preferred option with 115 votes, compared to MYOB with 46 votes. We still have this poll open so will update you on progress. …
Xero or MYOB? Bookkeepers and Students tell us which one they prefer! Read More »
Home » Archives for If you are transitioning from MYOB or another accounting software package to Xero, follow these steps to set up your Xero software with Opening Balances. How to enter opening balances in Xero Conversion Balances – Trial Balance Add outstanding Sales Adding outstanding purchases Full access to Xero Courses and tutorials 1. …
Home » Archives for Start A Career in Payroll and Become A Payroll Administrator Payroll administrators work in collaboration with the HR and Finance departments within every organisation. A payroll officer’s primary role ensures the timely payment of wages, salaries, superannuation and compensation to every employee. They ensure that all employees get paid the correct …
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Home » Archives for What is Fringe Benefits Tax (FBT) and how is FBT calculated? Fringe benefits tax was introduced in legislation in 1986; prior to this businesses were providing things like cars, corporate boxes and lunches tax-free to employees, their families and executives with very little obligation to make the benefit related to their …
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Home » Archives for Why Learn Bookkeeping and Accounting? Every company deals with money in some form or another. There are always income and expenses that need to be recorded and cash flow to be managed. This applies to both small businesses and massive global corporations alike. There have been concerns that the accountancy industry …
Home » Archives for What’s the purpose of a Budget? A budget is an essential management tool for any business; it is a component of a plan and forecast for a period of time. The period could be annual, quarterly or monthly, and the budget details how the over-all plan will be financially executed. Budget …