[vc_row][vc_column][vc_custom_heading text=”#cloudtips: Claiming GST credits on purchases where the supplier is not registered for GST”][vc_single_image image=”13131″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]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 […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Claiming GST against all expenses”][vc_single_image image=”13129″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]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 […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: How to add an account from transactions”][vc_single_image image=”13128″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]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.[/vc_column_text][/vc_column][/vc_row]