Training - why should you get advice from an expert?

If you work as a bookkeeper or are a part of the business and doing the bookkeeping in a small business it can feel really lonely.  If you don't have anyone to help you and guide you, check your work, or give you a place to look for an answer, then it can be all-consuming.  Or - even worse, a place to avoid.

Avoiding your bookkeeping because you are not sure what you are doing is a coping strategy.  But going and finding the right person to support you can be another.

BizSkills in Your Pocket is designed to be your support person - to help you with your research (handy links and templates) plus videos that you can watch and follow along with, that can help you with your data entry.  At Northwest Accountancy we can be your expert on call, to help you and guide you through whenever you are doing your bookkeeping.  As all training is presented virtually - you don't need to be where our office is to take advantage of this service.

Each video/ session is no more...

Continue Reading...

How to process the Cash Flow Boost payments in Xero & MYOB

ato bas cashflow boost myob xero May 12, 2020

Did your business receive the cashflow boost?
Watch Jodi as she shows you how to enter the Cashflow Boost into your Xero file or your MYOB file.


Step 1: Set up an income account.

Step 2: Enter the BAS correctly into GST and PAYG apportions.

Step 3: Enter the credit as a credit note or a direct payment against the bill (depending on your preference & your accounting software).

Step 4: Reconcile the refund into your bank account.

Step 5: Make sure your Cashflow boost matches your Profit and Loss Statement.

Continue Reading...

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.