Xero Out of Balance imported from MYOB

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 more

Saving time with batch deposits and payments

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 more

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 more

Customise your Chart of Accounts into Xero

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 more

A history conversion option to suit every file

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 more

Converting to Xero – blow by blow!

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://youtu.be/eoolw0aGClU 1. Prepare the source file There is some ‘tidy-up’ … Read more

Xero Payroll Items Guidelines

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 more

Long Service Leave in Xero

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 more

Early Termination Payments in Xero

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 more

Timesheets In Xero

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 more