AccountRight

From our Business Gurus

Making the decision to go into business for yourself is great, but watch out for some pitfalls....

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The GST deferral scheme is typically only available to businesses who lodge monthly activity statements, and it results in the GST on imported goods being deferred from one BAS reporting period to the next.

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When a business purchase is made and a proportion of the purchase is for private consumption or a non-deductible business expense, the amount of GST credit claimed needs to be adjusted.

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Factoring of debtors is where a company sells its debts to a 3rd party, such as a finance company, and the 3rd party charges a fee for the service.

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If you're looking for a way to generate consolidated reports for multiple businesses, here's a method which might work for you.

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Here's a way you can set up your payroll to handle super guarantee payments in the building industry.

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If you're looking for a way to record share dividend receipts, this article might be for you.

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This article explains a method for keeping track of a share portfolio.

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This article explains a method for handling consignment stock from the point of view of the consignee. This method helps track how much consignment stock you hold and incorporates consignment stock into your figures.

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If you sell wine at the cellar door, this article explains one way of setting up your MYOB software to handle WET.

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What is retention money and how does it work?

Here's my take on it...

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This article explains a method for handling consignment stock from the point of view of the consignor.

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If you're a wine wholesaler, this article explains one way of handling WET in your MYOB software.

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As promised in my previous blog post, here are some additional tips on how to reconcile your super.

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How do you know what accounting software is best suited for you? My advice is to work out exactly what you do and do not need before making your purchase. 

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I just wanted to share how much using the new In Tray feature has changed the way I do my Accounts Payable.

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There are many finance options available to purchase capital equipment. This article focuses on Chattel Mortgages as it is the most commonly used within the SME community.

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Take the stress out of managing your Superannuation obligations with MYOB Pay Superannuation.

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We’re super excited to announce the launch of a brand new forum board – From our Business Gurus.

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