Conversions Archives - Bank Statements - digitised for upload or spreadsheets

The 8 Essential Conversion Questions

May 18, 2020January 16, 2019 by Wendy Elms

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 moreThe 8 Essential Conversion Questions

Avoid the EOFY rush and take advantage of Xero now!

May 18, 2020March 30, 2016 by Wendy Elms

We hear people say they have to juggle their conversion to Xero to coincide with the end of quarter or financial year. That is true if you are using conversion balances, but as we do full transactional history with open invoices and bills you can convert at any time and continue in Xero where you left off … Read moreAvoid the EOFY rush and take advantage of Xero now!

Calculate Your Payroll Amounts In Xero After A Conversion

May 18, 2020March 14, 2016 by Zowie Hondow

When setting up payroll in Xero, most employees would have opening balances so that payment summaries can be created out of Xero easily. The downside is that the reporting for the first quarter/ first month after conversion does not easily give the correct figures for earnings, PAYG and super. To get those, you’ll need some details from your old system.

Below is an example how to get the correct figure for Wages and PAYG Withheld for the first quarter post conversion. In this example the last payroll completed in the source file was 17 February.

Xero Out of Balance imported from MYOB

May 18, 2020January 11, 2016 by Zowie Hondow

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 moreXero Out of Balance imported from MYOB

Drowning in Bank Statements? Jet Convert to the rescue!

January 9, 2019December 8, 2015 by Wendy Elms

Our bank statement PDFs to CSV file service has traditionally been used to fill the bank feed gap in Xero following conversion where the bank can’t provide digital history. However I’ve seen quite a few really large conversions come through this year which made me curious as to how else this is being used. I … Read moreDrowning in Bank Statements? Jet Convert to the rescue!

Saving time with batch deposits and payments

September 10, 2020October 23, 2015 by Wendy Elms

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 moreSaving time with batch deposits and payments

GST MYOB & Reckon Vs Xero and the Reality

May 18, 2020September 30, 2015 by Wendy Elms

There are a number of differences in regards to GST handling that you need to be aware of when moving from one accounting package to another. These can impact you regardless of whether you are converting over yourself or using our conversion service. They mainly apply to Tax Exclusive invoices and when the entity is … Read moreGST MYOB & Reckon Vs Xero and the Reality

Reviewing Payroll data in Xero

May 18, 2020September 22, 2015 by Wendy Elms

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 moreReviewing Payroll data in Xero

Creating a Payrun in Xero

May 18, 2020September 21, 2015 by Wendy Elms

Here are the four easy steps steps for creating a pay run in Xero. 1. Prepare employee data Information about your employees and payroll history is in your payroll tab. If this is your first payrun in Xero we recommend that you check your payroll data prior to preparing the payrun. If you select the overview you will find … Read moreCreating a Payrun in Xero

Shortcuts in Xero

September 9, 2020August 31, 2015 by Wendy Elms

We have all experienced the time saving features available in Xero such as bank rules and Xero Me for employees, amongst others. Here are some neat tips and tricks to make your experience using Xero even better. Xero keyboard shortcuts These are really useful keyboard shortcuts which work not only in your browser, but also … Read moreShortcuts in Xero

Customise your Chart of Accounts into Xero

May 18, 2020June 11, 2015 by Wendy Elms

NOTE: This service available only to Jet Convert Partners. Please visit the Jet Convert Partner Program page for more information. 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 … Read moreCustomise your Chart of Accounts into Xero

A history conversion option to suit every file

May 18, 2020February 19, 2015 by Wendy Elms

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 moreA history conversion option to suit every file

Job Tracking in Conversions

September 4, 2020November 21, 2014 by Wendy Elms

If you have used Job details, Categories or Classes in your file they come across in our conversions as Tracking categories. This means that more detailed historical information is preserved for reporting and business analysis. How do I make sure the jobs/categories are coming into Xero? As long as there are less than 500 Jobs … Read moreJob Tracking in Conversions

Bank Account Mapping

May 18, 2020October 16, 2014 by Wendy Elms

After uploading your file, if you selected a premium package you can then select how you want bank account types to appear in Xero. In your file bank accounts will be set as either bank, credit card, asset or liability accounts. We recommend that any accounts that require bank feeds or reconciliation should be set … Read moreBank Account Mapping

How does payroll come across from MYOB to Xero?

December 11, 2019July 14, 2014 by Zowie Hondow

When ordering a conversion job there are two options for you to choose from which is either to convert full historical data from 1 July 2013 or ONLY opening balances from a certain month. Full Transactional History Conversion If you select a full transactional history conversion then you will also get payroll setup included. We … Read moreHow does payroll come across from MYOB to Xero?

Converting to Xero – blow by blow!

July 30, 2020March 31, 2014 by Wendy Elms

Updated: April 2019 In my role as Business Relationship 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! https://www.youtube.com/watch?v=GTv6fqtHC6s&feature=youtu.be 1. Prepare the source file There is some ‘tidy-up’ … Read moreConverting to Xero – blow by blow!

Changing GST Accounting Basis following a conversion

May 18, 2020March 14, 2014 by Wendy Elms

Changing your GST Accounting basis at any time, be it post conversion or some time in the future, will have an impact on the GST history. For example, with moving from Cash to Accrual all the transactions once flagged at Payment/Receipt for BAS reporting will now be ignored and reorganised to have GST recognised at invoice … Read moreChanging GST Accounting Basis following a conversion

BAS Reconciliation Checklist for Xero

May 18, 2020March 5, 2014 by Zowie Hondow

Have you recently moved across to Xero and still trying to find your way around the software wishing there was a manual about how to process your Business Activity Statement in the best way? Well we have been working with Xero for a few years now and have created a guide we follow before we … Read moreBAS Reconciliation Checklist for Xero

Xero Payroll Items Guidelines

May 18, 2020February 5, 2014 by Zowie Hondow

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 moreXero Payroll Items Guidelines

Long Service Leave in Xero

May 18, 2020January 29, 2014 by Zowie Hondow

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 moreLong Service Leave in Xero

Early Termination Payments in Xero

May 18, 2020January 28, 2014 by Zowie Hondow

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 moreEarly Termination Payments in Xero

User Roles In Xero

May 18, 2020January 22, 2014 by Zowie Hondow

Your level of access in Xero is determined by your user role. We have found that it’s easier to make a decision of what kind of user role you want your staff members, your accountant, financial advisers to have by looking at what they can view on each role. These are the different roles that … Read moreUser Roles In Xero

Timesheets In Xero

May 18, 2020October 9, 2013 by Zowie Hondow

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 moreTimesheets In Xero

Account Types In Xero!

October 28, 2020August 1, 2013 by Zowie Hondow

Should my business bank-loan be set up as a liability account or as a credit card/bank account? How can I change a liability or asset account to a bank account? To use Xero in the most efficient way, you need to decide what your operational needs are. If you have a business bank loan which … Read moreAccount Types In Xero!

7 Essential Post Conversion Checks

September 9, 2020April 22, 2013 by Alexander

It is a great feeling to complete a conversion yourself. It is often difficult to wait to hand it back to the client and get them started in Xero. However, it is really good to run a final check that makes sure that the conversion is really 100% as it was in the old system.