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

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 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

Shortcuts in Xero

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 more

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 more

BAS Reconciliation Checklist for Xero

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 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

User Roles In Xero

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 more

Account Types In Xero!

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 more