Important Updates for Business Owners
activity statement
  • November 03, 2021

Important Updates for Business Owners

With another BAS Period coming to a close, Matthew McDowall from the Xero team has put together a short video describing a recent addition to the GST Activity Summary report, Unfiled GST Amounts.

Xero have added this new feature to pick up the transactions that can sometimes get missed when completing your activity summary due to timing of transactions and coding.

Xero Activity Statement Reporting – Unfiled GST Amounts
  • October 04, 2021
Xero Activity Statement Reporting – Unfiled GST Amounts

With another BAS Period coming to a close, Matthew McDowall from the Xero team has put together a short video describing a recent addition to the GST Activity Summary report, Unfiled GST Amounts.

Xero have added this new feature to pick up the transactions that can sometimes get missed when completing your activity summary due to timing of transactions and coding.

Government Cash Flow Boost Credit Process in Xero for April
  • May 28, 2020
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?

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