Government Cash Flow Boost Credit Process in Xero for April
VIDEO TITLE: Government Cash Flow Boost Credit Process in Xero for April
In this video, Lori Hall Account Advisor/Xero Expert will step you through processing a manual journal to reduce correctly the PAYGW liability on your balance sheet.
Important points to consider that the video addresses.
- Do you lodge your PAYG Tax withheld on a monthly basis and have received less than $50,000 from the Cashflow Boost so far?
- If so, you will not likely be making a payment for the months of April or May because of the Government’s current Cash Flow Boost.
- Without a payment on your bank reconciliation how will you record the credits from the ATO?