How QuickBooks Palms Off Payroll I’m a fan of QuickBooks as the functionality is excellent and the cost of the software is still low. I’m really pleased to announce that you can now enrol in our QuickBooks Online Daily Transactions Course — but does QuickBooks fulfil Australian legal obligations to be SuperStream compliant? The background is that from July 1 this year, … Continue reading QuickBooks Isn’t SuperStream Compliant, But It Doesn’t Matter!
Quickbooks is not on the ATO Certified Product Register for Payroll Software that’s Superstream compliant We had a call just last week about our forthcoming Intuit Quickbooks course from someone who wants to use it for their payroll and to manage payroll compliance. This student mentioned that they had been to the official ATO website and … Continue reading Intuit Quickbooks is NOT listed as SuperStream Compliant
Companies with over 20 employees should ALREADY be compliant In July last year, EzyLearn published a couple of posts about SuperStream, the government initiative to improve the efficiency of Australia’s superannuation system, which all businesses with 19 or fewer employees must be compliant with by June 30 this year. As we’ve now reaching June 30, … Continue reading If you have fewer than 19 staff you must be SuperStream Ready by June 30
What is SuperStream? I recently wrote about SuperStream, the government reform introduced last year to improve the efficiency of the superannuation system, and which provides businesses with a set of standards to ensure super contributions are paid in a timely and consistent manner. For small businesses, operating with nineteen or fewer employees, the ATO is … Continue reading SuperStream is good news for small businesses (and bookkeepers!)
Does SuperStream streamline superannuation payments? If you’re a small business with nineteen or fewer employees, then come July 1 this year you’ll need to begin making superannuation contributions for your staff using SuperStream, the government reform introduced last year to improve the efficiency of Australia’s superannuation system. The purpose of SuperStream is to ensure employer contributions … Continue reading What is SuperStream?
DO YOU GET frustrated when you see the little box at the bottom of the BAS lodgement form? You know, the one where they ask how long it took to complete the form because I feel like writing, “It took 10 minutes to complete the form, but 4 hours to do the data entry and … Continue reading Receipt Scanning, Automatic Coding – Boon for Bookkeepers or Job Killer?
TSheets is a cost effective way to manage and track your time TSheets, THE TIME MANAGEMENT SOFTWARE, is a great way for independent and remote contractors to manage their client’s projects. It’s especially useful for contractors who are collaborating remotely with other contractors and businesses on one project. There are a bunch of other handy … Continue reading TSheets for Independent and Remote Contractors
MYOB and Xero now make payroll easier to manage MANY COMPANIES OUTSOURCE PAYROLL because it contains many moving parts. For instance, there’s the payment of wages each week or fortnight or month, sure. But there’s also superannuation contributions, PAYG obligations, annual and sick leave accrual. Fortunately, most accounting apps like Xero and MYOB have made payroll easier to … Continue reading Paying Several Employees With One Payroll Payment
Don’t get lumped with penalties when you don’t need to! A LOT OF SMALL BUSINESSES have trouble managing their payroll, especially when they only have a few employees and paying to access a payroll system in their accounting package is an unnecessary expense. You’ll learn how to use Excel to manage your PAYG and super contributions in … Continue reading What Happens if You Have Backlog of PAYG and Super Payments?
A Chattel Mortgage Can Help Keep Your Business Cashflow Under Control In our Xero Daily Reconciliations Course, you’ll learn how to set up a chart of accounts, among other things such as running balance sheets and Profit and Loss (P&L) statements. For the most part, daily transaction reconciliation is pretty straightforward, until you get to a … Continue reading How to Make a Capital Purchase That Won’t Affect Your Cash Flow
Third Quarter is Looming; Are You Up to Date with Payroll? Most businesses using an accounting program like MYOB or Xero will use the included payroll package to manage their employees’ payroll. For businesses with only a few employees, however, the additional payroll function is an unnecessary expense. In our recently updated Advanced Microsoft Excel training courses, … Continue reading Calculating PAYG Obligations Without a Payroll System
Which is the Pick of the Bunch? IN A PREVIOUS POST, we highlighted some of the biggest differences between QuickBooks and MYOB. However Xero is also a serious competitor to MYOB (and QuickBooks to a lesser degree). So let’s take a look at the different capabilities of each accounting application and the kinds of businesses they best suit.
Just What Do We Reckon? Not so long ago, we looked at the major differences between MYOB and QuickBooks. We also explored some of the other benefits of Quickbook more generally over MYOB, but Reckon One, which used to distribute QuickBooks in Australia before striking out on their own with their cloud accounting software, is also … Continue reading Reckon One or MYOB?
How Does QuickBooks Really Stack Up Against MYOB? WE RECENTLY INTRODUCED our QuickBooks Online Daily Transactions Course because we can see that QuickBooks is fast becoming a serious and respected rival to the more established accounting software packages. We recently wrote about how QuickBooks uses the SuperStream-compliant service KeyPay to deliver payroll services because QuickBooks itself isn’t … Continue reading Is QuickBooks Better than MYOB for a Small Business?
For a while there it looked like the ATO would introduce single touch payroll for all Australian businesses by July 2016, but after feedback from the businesses community that original plan has been shelved – for now. With SuperStream simplifying the way businesses manage the superannuation contributions for their employees, it’s highly likely that we’ll … Continue reading Is Single Touch Payroll Really Dead?