RightAccounts

How to record an ATO payment.

Benn Franzmann — Fri, 09 Nov 2012 03:08:38 +0000

The following question was asked on the MYOB communities home page: Click the image to see it a bit clearer. To paraphase what the question being asked by the user is that they have more input tax credits accrued than they have collected so their Nett GST position is that they are owed money by [...]

Credit Notes

Benn Franzmann — Mon, 29 Oct 2012 11:50:26 +0000

How do I issue a credit note? At various times you may want to issue a credit note against a customer’s account. This maybe to make an adjustment to their balance or simply to record a credit that you have offered. This support note shows you how. How you handle credit notes depends on a [...]

MYOB v Xero – The Cloud Comes Closer

Benn Franzmann — Tue, 04 Sep 2012 00:30:15 +0000

For all those that are considering the next move in what accounting software to employ in their small business RightAccounts takes a quick look at the social natterings out in the ethernet.

MYOB Compliance Update V19

Benn Franzmann — Mon, 27 Aug 2012 13:01:49 +0000

MYOB has released the MYOB Compliance Update to reflect changes that have occurred in rates of PAYG Withholding for employees for the 2012/13 Financial year. For some reason this year there are two available for the old version of the software, Version 19. This article specifically refers to AccountRight Plus V19 and not AccountRight 2011, [...]

PAYG payment summary mistakes

Benn Franzmann — Mon, 06 Aug 2012 06:23:55 +0000

You cannot simply change the information on a PAYG payment summary after you have given it to the payee or provided your PAYG withholding payment summary annual report to us. How to correct mistakes on your PAYG Payment Summary If you find that you have made a mistake with your PAYG Payment Summary using MYOB [...]

Which Accounting Software will allow me to Email a Remittance Advice to my Supplier?

Benn Franzmann — Fri, 03 Aug 2012 05:58:57 +0000

Update Xero is happy to finally deliver one of our most requested new features. You can now email remittance advices to suppliers through Xero. You’ll find this particularly useful if you’re covering lots of invoices with a single payment. A remittance advice includes current payments, previous payments and any credit notes or prepayments that have [...]

Changes to Simpler Depreciation Rules

Benn Franzmann — Tue, 17 Jul 2012 08:37:35 +0000

Simpler depreciation rules apply if you run a business that turns over less than two million / year then you are in for some good news regarding asset write-offs. The instant asset write-off has increased from $1,000 to $6,500 in the 2012-13 and subsequent years. Also the long life small business pool and the general [...]

Tax File Number

Benn Franzmann — Thu, 28 Jun 2012 06:43:44 +0000

In the MYOB software we are looking at the screen where you insert the tax file number for your employee. To acces this this screen go to Card File then Card Lists, drill down on the employee and then click Payroll Details from the top and then Taxes on the left hand menu. MYOB software [...]

Vehicles purchased under novated lease

Benn Franzmann — Wed, 13 Jun 2012 12:07:32 +0000

Under a novated lease arrangement, you take over all or part of the lessee’s rights and obligations under the lease. This transfer of rights and obligations is agreed to in a deed of novation between you, the finance company and the lessee. The lessee is usually the employee, or an associate of the employee. Hello, [...]

What is Xero?

Benn Franzmann — Mon, 21 May 2012 02:30:52 +0000

Xero (NZX: XRO ) is an online accounting software product for small and medium-sized businesses, as well as for personal finance. The product is sold by subscription (a distribution model commonly known as Software as a Service or SaaS) requiring the payment of a monthly fee. This charge is proportionate to the number (and type) [...]