Cloud Bookkeeping Blog

JobKeeper Record Keeping Best Practice

Employers need to satisfy record keeping requirements to be entitled to JobKeeper payments. These include...

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Fair Work Annual Wage Review 2019-2020

Get ready for a 1.75% increase to base pay rates following the Fair Work Annual Wage Review 2019-2020.

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End of Financial Year - JobKeeper Receipts

JobKeeper Subsidy is a reimbursement for expenses incurred by the employer within each month. Accounting purpose, Tax purpose, Eligible Business Participants.

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How to access my income statement (payment summary, group certificate) on MyGov

Income Statement is the new term for employees' payment summaries. This article will show you how to access the information on MyGov ATO service online.

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How to Write Off Bad Debt in Xero Properly

This article will describe steps that you can take to write it off bad debt in Xero properly.

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JobKeeper - Eligible Employees - Decline in Turnover

Here are all the steps to enrol you in the JobKeeper system and templates to meet all your eligibility and record keeping requirements

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Small Business Superannuation Clearing House uses myGovID

Any business that uses the Governments Small Business Superannuation Clearing House directly will NOT be able to use Auskey after 27 March 2020.

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ATO New Record Keeping Resources

The resource provides a central source of information, covering the core record-keeping requirements for businesses to meet their tax, super and employer obligations.

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PAYG Withholding rebate, Cash Flow Boosters Wages Support Package

Wage Support package through PAYG withholding rebate. How to use this COVID-19 stimulus to boost your cash flow. Eligibility, tax implications, cash flow dates and examples.

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The Fair Work Ombudsman Challenges Payments to Contractors

The Fair Work Ombudsman recently instigated court action which challenged whether the worker was a Contractor or an Employee – FWO believe they are employees and the persons were underpaid.

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Correcting Activity Statement vs Making BAS Adjustment

Correcting Activity Statement vs Making BAS Adjustment. Correcting an error or mistake is about fixing an amount that was incorrect when lodged, typically due to transposition error, misclassification or double counting.

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How to set up and use Xero Inventory Properly

If your business is using Xero and holds inventory that needs to be accounted for, this article is for you.

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3 Automated Accounts Receivables Systems Get Money In Your Business

Accounts receivable is just another name for businesses getting paid. Get a complete picture of your accounts receivables and a disciplined process to keep your cash flow on track.

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