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
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
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
We have all experienced the time saving features available in Xero such as suggested reconciliation and the employee portal 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 in Xero. … Read moreShortcuts in 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?
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! 1. Prepare the source file There is some ‘tidy-up’ work … Read moreConverting to Xero – blow by blow!
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
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
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
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
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!