DuncanS
Ultimate Partner
Joined 13 years ago
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Re: SELL OF DEPRECIATED VEHICLE
PRIYAPINDORIYA Genreve_S You mention that the car is fully depreciated. Cost - Accum Depn = Nil. Lets say the Car is sold for $11,000 incl GST. $1000 is remitted to the ATO on the next BAS. There would then be a Profit of $10,000 on the Car. This could appear in Other Income. Discuss with your Tax Accountant the Tax Treatment if you have a replacement car. Yes, you would need to provide a Tax Invoice to the Buyer. Your Tax Accountant should advise on the above. Duncan87Views0likes0CommentsRe: Turn off new match suggestion "improvement"
Omnichannel Earl_HD Good that a User can turn off Automatic Matching. Xero was talking about Automatic Bank Reconciliation at Xerocon yesterday (and the ability to turn it off). Quick and Easy for the User. Will the standard of information within the MYOB file improve? The Checks and Balances in preparing Financials/BAS/Tax Return will need to change if Users leave Automatic Matching on. Can the format of the Journal Entry Report be improved? It is lacking in detail - the format of the old Session Report could be used. Duncan174Views0likes1CommentRe: discounted price
kumonpram Mike_MYOB I hope your Accountant/BAS Agent can help. Hopefully they have a good working knowledge of MYOB. For some 26 years, I have visited Business Owners and talked with them. Greater understanding and rapport results from face to face. Cloud Accounting is now paramount as onsite work has diminished. As Mike says, MYOB Partners can offer a discount on the Subscription. Duncan30Views0likes0CommentsSales Analysis in MYOB Business
Recall that AccountRight has a Customer Analysis Report that lists Customers by highest value with %. Example ABC Client 12% CDE Client 9% GOC Client 8% etc etc This Report can be very useful for a Business Owner. Would sometimes print 5 years for the Owner to compare. MYOB Business has the following Reports - Customer Sales Sales Register The Reports list Customers in Alphabetical Order - of little use or at best difficult to interpret compared to the AccountRight Report. Please comment. Duncan23Views0likes0Comments