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?

t

READ NOW: Need government aid for your small business? Don’t neglect this one step

You can contact Lori Hall At MB+M on 03 5821 9177

t

MB+M HOME