#cloudtips: Claiming GST credits on purchases where the supplier is not registered for GST claiming-GST-credits Check the source invoice to see if it has GST or if it is a tax invoice. When in doubt, go to the ABN lookup page and type in the supplier’s ABN number or look up their business name to [...]
#cloudtip: Claiming GST against all expenses claiming-GST-against-expenses There are expenses that do not have a GST component. They include: * Motor vehicle registrations * Bank charges * ASIC fees * Paypal transaction fees * Google Adwords * Interest and director fees / drawings To find out more about Xero and how it can help your [...]
#cloudtip: How to add an account from transactions add-accounts-from-transactions Cloud Tips - You can add Chart of Account codes ‘on the fly’, while entering invoices or bills, the first entry in the drop-down box is ‘Add a new account’. Alternatively, for journals, Receive/Spend Money transactions, select ‘+Add’ next to the Account field.
