GST MYOB & Reckon Vs Xero and the Reality

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

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

How does payroll come across from MYOB to Xero?

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?

Changing GST Accounting Basis following a conversion

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