When I open the Excel find function (CTRL + F) in excel why does it say that it cannot find what I am looking?

If you have just spent the better part of couple of hours putting together a "you beaut" excel spreadsheet to do something worthy and have just discovered the Excel Find function (CTRL_F) does not seem to work in the way you expect it then chances are that you have employed formula's in your worksheets. As you can see in the image above you have three choices relating to what is searched: Formulas Values Comments Chances are … [Read more...]

How to record an ATO payment.

The following question was asked on the MYOB communities home page: Click the image to see it a bit clearer. To paraphase what the question being asked by the user is that they have more input tax credits accrued than they have collected so their Nett GST position is that they are owed money by the ATO which will offset the amount of PAYG Withholdings that they owe the tax office. So the answer being sought is how do I record this in MYOB. … [Read more...]

Credit Notes

How do I issue a credit note? At various times you may want to issue a credit note against a customer's account. This maybe to make an adjustment to their balance or simply to record a credit that you have offered. This support note shows you how. How you handle credit notes depends on a variety of factors, such as: Is the credit for the entire sale? Is the credit for a partial sale? Have any payments already been received? Does the … [Read more...]

MYOB v Xero – The Cloud Comes Closer

MYOB v Xero For all those that are considering the next move in what accounting software to employ in their small business RightAccounts takes a quick look at the social natterings out in the ethernet. For all those that are considering the next move in what accounting software to employ in their small business RightAccounts takes a quick look at the social natterings out in the ethernet about various cloud based … [Read more...]

MYOB Compliance Update V19

MYOB has released the MYOB Compliance Update to reflect changes that have occurred in rates of PAYG Withholding for employees for the 2012/13 Financial year. For some reason this year there are two available for the old version of the software, Version 19. This article specifically refers to AccountRight Plus V19 and not AccountRight 2011, the newer version. Instructions - MYOB Compliance Update As per normal MYOB has released PDF instructions … [Read more...]

PAYG payment summary mistakes

You cannot simply change the information on a PAYG payment summary after you have given it to the payee or provided your PAYG withholding payment summary annual report to us. How to correct mistakes on your PAYG Payment Summary If you find that you have made a mistake with your PAYG Payment Summary using MYOB and wish to correct this mistake you will not be able to use your MYOB software to do this. It will have to be done manually using … [Read more...]

Which Accounting Software will allow me to Email a Remittance Advice to my Supplier?

Update Xero is happy to finally deliver one of our most requested new features. You can now email remittance advices to suppliers through Xero. You’ll find this particularly useful if you’re covering lots of invoices with a single payment. A remittance advice includes current payments, previous payments and any credit notes or prepayments that have been applied, so your suppliers know the details behind each invoice payment. Find out more … [Read more...]

Changes to Simpler Depreciation Rules

Simpler depreciation rules apply if you run a business that turns over less than two million / year then you are in for some good news regarding asset write-offs. The instant asset write-off has increased from $1,000 to $6,500 in the 2012-13 and subsequent years. Also the long life small business pool and the general small business pool have been consolidated into one. If you have no idea what I am talking about there not to worry just … [Read more...]

Tax File Number

In the MYOB software we are looking at the screen where you insert the tax file number for your employee. To acces this this screen go to Card File then Card Lists, drill down on the employee and then click Payroll Details from the top and then Taxes on the left hand menu. MYOB software require that you enter Tax File Numbers for all employees whether you print Payment Summaries for them or not. If they do not have one, use one of these … [Read more...]

Vehicles purchased under novated lease

Under a novated lease arrangement, you take over all or part of the lessee's rights and obligations under the lease. This transfer of rights and obligations is agreed to in a deed of novation between you, the finance company and the lessee. The lessee is usually the employee, or an associate of the employee. Hello, I am lifting this post about Novated Leases directly from the ATO's website based on this article and instead of using convoluted … [Read more...]