Find and recode multiple transaction lines at once. Accounts, tax rates, contacts, and tracking can be edited. Recode contacts, accounts, tax rates, and tracking on transaction lines Recode transaction lines across multiple transactions at once Recode transaction lines on the source transaction or by using a manual journal Recoding can result in significant changes to
Do you have a Gap?
You work hard during your life and believe the investments you’ve accumulated along the way will support you in your retirement. However it’s often not until you reach 45- 50 years old (or later) that you stop and start to question whether you will have enough to retire and live the lifestyle you want. You
HECS Rebate
Did you know there are HECS-HELP benefits for taking up particular courses? The HECS-HELP benefit provides an incentive for graduates of particular courses to take up related occupations or work in specified locations by reducing: • compulsory HELP repayments or • HELP debt The fields of study which qualify are:
Reasonable Travel and Overtime Meal Allowance Expense
This determination sets out the amounts that the Commissioner considers are reasonable (reasonable amounts) for the substantiation for the 2015-2016 income year in relation to claims made for: 1. Overtime meal allowance expenses – for food and drink in connection with overtime worked and where a meal allowance has been paid under an industrial instrument
Home Based Business Grants
On 24th August 2015 the Queensland Government released a new Grant for stay at home parents to establish or grow home based businesses. This new Grant has been established to support stay at home parents make their business a success, while keeping a healthy balance between work and family. The Grant offers funding (up to $5,000)
Xero Tip of the Month – Fast Financial Reporting
View and share interactive reports and budgets in real time, all prepared with a single click – no more waiting until the end of the month. Complete your BAS returns in minutes, not hours. Easily drill into reports to get more detail. Comprehensive and flexible Xero has over 40 basic and advanced financial reports:
Succession planning…it affects all of us
Succession planning has a different meaning and importance for all of us. For a business owner, nobody likes to think about it, but it’s inevitable that one day you’ll leave your business. Whether you decide to sell up, retire or leave due to health reasons, it’s important that you plan for that day. A succession
Where are you in the Game of Money…?
At Initiative, we use an analogy called the Game of Money with our clients to help describe the different stages of a person’s financial life. The majority of people rank financial success as one of their top three goals or values, along with health and family. But here’s the contradiction – 90% of people fail
Australian Super Funds No Longer Qualify as QROPS
The UK changed the requirements for a fund to meet the criteria for a Qualifying Recognised Overseas Pension Scheme (QROPS) from 6 April 2015. Under the new rules, QROPS funds must not allow for the release of funds before the UK minimum pension age (55), except in the event of ill health. Australian superannuation funds
Xero Tip of the Month – Inventory
Inventory in Xero Use inventory in Xero to manage products and services you buy and sell. There are 3 ways you can use inventory: 1. Untracked Inventory Simply record the items you buy and sell to speed up data entry when you enter invoices, bills and other transactions. Xero won’t keep a record of
