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Tall Books
Австралия
Добавлен 19 сен 2016
Welcome to the Tall Books training channel.
We specialise in accounting software, here you'll find tutorials covering popular areas within each software suite.
Xero Certified Partner, MYOB Certified Consultant & QuickBooks Online Advanced Certified Advisor. Registered BAS agent with the TPB.
We offer phone & email support, training packages and ongoing bookkeeping. Check out our website below for more info!
Website - www.tallbooks.com.au
Email - info@tallbooks.com.au
FB - tallbooks
We specialise in accounting software, here you'll find tutorials covering popular areas within each software suite.
Xero Certified Partner, MYOB Certified Consultant & QuickBooks Online Advanced Certified Advisor. Registered BAS agent with the TPB.
We offer phone & email support, training packages and ongoing bookkeeping. Check out our website below for more info!
Website - www.tallbooks.com.au
Email - info@tallbooks.com.au
FB - tallbooks
Xero Payroll - Processing Payroll (Part 3 of 3)
Want to improve your business finances? Book a free audit with us: tallbooks.com.au/
Learn how to process payroll using Xero in this tutorial video. Perfect for bookkeeping and accounting tasks, this video is part 3 of 3 in the Xero Payroll series.
Connect with us:
Facebook: tallbooks
LinkedIn: au.linkedin.com/company/tall-books
Instagram: tallbooks
Learn how to process payroll using Xero in this tutorial video. Perfect for bookkeeping and accounting tasks, this video is part 3 of 3 in the Xero Payroll series.
Connect with us:
Facebook: tallbooks
LinkedIn: au.linkedin.com/company/tall-books
Instagram: tallbooks
Просмотров: 365
Видео
Xero Payroll - Setting up employees (Part 2 of 3)
Просмотров 3 тыс.Год назад
In part 2 of our Xero payroll refresher series we walk through in detail the process of setting up new employees in Xero. Video Guide 00:00 - Introduction and overview 01:25 - First steps 02:05 - Details tab 04:05 - Employment tab (includes super) 08:30 - Taxes tab 13:05 - Leave tab 17:38 - Bank Accounts tab 18:43 - Payslips tab 18:53 - Pay Template tab 24:40 - Inviting Employees to Xero Me app...
Xero Payroll - Overview & Settings (Part 1 of 3)
Просмотров 4,4 тыс.Год назад
It has been a long time since my first tutorial videos on Xero went online, to keep things current this payroll series covers all the core sections of Xero Payroll across three videos. In this video, we cover an overview of Xero payroll and the payroll settings. Video Guide 00:00 - Introduction and overview of series 01:14 - Overview 01:38 - Employees 02:00 - Pay Employees 02:30 - Leave 02:49 -...
Accounting in 5 - Episode 2 - 'Debit & Credits'
Просмотров 1,4 тыс.3 года назад
Welcome to our RUclips series 'Accounting in 5'. In this series we cover key accounting concepts in less than 5 minutes. (Apologies this is JUST over 5m) Our second episode covers 'Debits & Credits' as we explore the world of double-entry accounting. We hope you enjoy this new series and look forward to your suggestions on future video content. Please like, subscribe and share. For bookkeeping,...
Accounting in 5 - Episode 1 - 'Chart of Accounts'
Просмотров 1,3 тыс.3 года назад
Welcome to our new RUclips series 'Accounting in 5'. In this series we'll cover key accounting concepts in less than 5 minutes. Our first episode is on 'Chart of Accounts'. We hope you enjoy this new series and look forward to your suggestions on future video content. For bookkeeping, training or coaching you can reach out using our details below: www.tallbooks.com.au info@tallbooks.com.au face...
Enrolling Employees for JobKeeper in Xero
Просмотров 4174 года назад
In this tutorial I show you how to enrol your employees for JobKeeper in Xero. Ensure you've first provided copies of the ATO employee nomination form available online. (Link below) www.ato.gov.au/Forms/JobKeeper-payment employee-nomination-notice/ For training enquiries, email info@tallbooks.com.au www.tallbooks.com.au
Calculating JobKeeper GST Turnover in Xero
Просмотров 2,5 тыс.4 года назад
In today's tutorial, we cover how to calculate your GST turnover for JobKeeper registration. For more information on what is included in GST turnover you can use the link below from the ATO: shorturl.at/fvAPQ We offer training, BAS & bookkeeping solutions for small businesses Australia-wide. Email us at info@tallbooks.com.au www.tallbooks.com.au
How to upload receipts - ReceiptBank
Просмотров 1,6 тыс.5 лет назад
In today's tutorial I take you through the upload options available for ReceiptBank users, includes direct upload, drag and drop, email and the phone app.
Bank Rules - QuickBooks Online
Просмотров 2505 лет назад
In this QuickBooks Online tutorial we cover the most important accounting automation tool available, Bank Rules. Learn how to set-up bank rules properly so you can save hours in data entry by automating basic coding on your bank accounts/credit cards.
Preparing BAS in Xero - Part 2
Просмотров 30 тыс.5 лет назад
In today's tutorial I take you through the final steps of preparing BAS in Xero which include: -Account reconciliation -Payroll reconciliation -Housekeeping -GST Audit report -Reviewing and finalising BAS for lodgement. This is the final part of the BAS preparation in Xero series.
Preparing BAS in Xero - Part 1
Просмотров 51 тыс.5 лет назад
In today's tutorial I take you through the first step of preparing BAS in Xero which is set-up of the financial settings & chart of accounts. This is the first part of the BAS preparation in Xero series.
GST Tax Codes - Xero
Просмотров 9 тыс.5 лет назад
In today's tutorial I answer much requested topic 'which GST code to use and why?' We cover GST on income/expenses, GST free and BAS excluded codes in this video. www.tallbooks.com.au info@tallbooks.com.au
Tracking Categories (Jobs) - Xero
Просмотров 3,4 тыс.5 лет назад
Today's tutorial covers tracking categories in Xero. Tracking categories are Xero's term for cost-centres, departments and locations. www.tallbooks.com.au info@tallbooks.com.au
New Navigation Guide - Xero
Просмотров 1,1 тыс.5 лет назад
Recently Xero relaunched their navigation bar moving a lot of things around, this caused a lot of uproar, love and hate from users. In this tutorial I'll show you where everything is now located and some tricks to get things done faster. info@tallbooks.com.au www.tallbooks.com.au
Amending a Pay run in Xero
Просмотров 14 тыс.5 лет назад
In today's tutorial I take you through fixing payroll mistakes in Xero. How to amend an existing payrun, and how to run an unscheduled payrun to amend issues or process a single payrun separate to the usual calendar.
Entering expenses in QuickBooks Online
Просмотров 9 тыс.6 лет назад
Entering expenses in QuickBooks Online
Set Up a BankFeed in - QuickBooks Online
Просмотров 1376 лет назад
Set Up a BankFeed in - QuickBooks Online
Storing Files in Xero (Going Paperless)
Просмотров 13 тыс.7 лет назад
Storing Files in Xero (Going Paperless)
Bank Reconciliation in Xero (Part 2)
Просмотров 43 тыс.7 лет назад
Bank Reconciliation in Xero (Part 2)
Explained well , better than my teacher. Easy to listen and follow
Thank you, these have been so helpful.
Thanks for watching!
in every batch of scanned receipts, there should be a clear communication which is for expense claim right? Or established clearly which employees always have a refundable work related expenses, hence the expense claims.
Correct, detail is important as is providing a receipt and it having a link to the business related activity.
I got news for you, xeros bank reconciliation is absolutely Nothing like QBO. Not in any shape or form. Qbo has bank matching which is. Nothing at all like zero. Xero looks more professional with its bank match but it certainly is not the same. Compared to QBO bank reconciliation after bank match is easy. I'm only here because xero makes no sense with bank rec so I'm trying to figure it out.
Xero's bank rec is perfectly fine, get used to the differences and you'll see we use MYOB, QBO and Xero and reconcile in all three there's just different pathways.
@@TallBooks yes I like it now
Where can I view part 3 of 3?
hi. a question here: supposed we received a pdf file and long itemized bill from supplier, is there any quick method to re enter data? you know to reduce mistake and shorten time of data entry. thx
Assuming the detail is not required, you can simply total by category and enter the lines as required instead of every line, then leave the details for the attachment. You can then check back against GST and totals on the invoice to the summarised lines in Xero.
You are simply superb
Awesome!!!!
Thank you for that help Tallbooks
Hi there thank you for your videos, i want to change what pay my employee who gets paid weekly , for example he gets 720 per week i want to change it to 750 a week every week, do you have a video for this please.
Have a look at our new payroll series, you can update this under Payroll>Employees>Click into employee>Payroll template>Update details here.
Great video. Thank you!
Great video. Thank you 😊😊
Hi, thank's for the informative video. If I'm the director of my business am i also counted as a employee so would need to put a PAYG withheld period? Thanks
If you're an employee being paid via payroll with wages YES. You'll need to register for PAYG with the ATO first or via your accountant, then tick the quarterly PAYG withheld option in Xero. If you're just drawing dividends/loans/directors fees then no that's outside of payroll and tax is paid at EOFY.
Your video was very helpful. I am brand new to Xero. Is there a way to reconcile the old-fashioned way using my physical bank statement and checking off transactions so that it balances to zero?
Hi Kim, there isn't but you can run the reconciliation report at the end of the month and compare balances, then click the arrow to view the statement which allows you to see each transaction to compare.
@@TallBooks Thank you, I will give that a try!!
I have one other question (sorry), when you're in the reconcile screen and there is a deposit (received) transaction, suppose that transaction is made up of 3-checks that were deposited. Is there a way to itemize all three of the checks for this one deposit (who they were from, what they were for and how much)? ie... Deposit made for 2,500.00 - consisted of 3 checks from customers 1- from Joe Smith for $1,000.00 - 1- from Bob Jones for $800.00 and 1-from Tim Hall for $700.00. How can I show who paid and to what account to post it to?
You'd need to raise three receive money's outside of the reconciliation screen, all dated for the same date and into the relevant account. That will allow you to them select each one using the match option when reconciling. If not needing contact for all and just a single contact, you can instead use create and then click add detail and put in three lines. For full detail I'd suggest raising a receive money x 3 by contact for the same date then matching them to the deposit in the bankfeed.@@KimJameson
@@TallBooks Thank you again!!
Hi, thank you for this. It really helps. Can you teach me how to get the heading the way you have it? I only have Dashborard, Business, Accounting, Contacts. Thank you!!!!!
They've now updated the headings, they change things quite often, Business has everything related to sales and bills, accounting is for reporting and journals, chart of accounts, contact is customers and suppliers
Thanks, this was helpful. Can you please tell me when an Item COde needs to be used. I noticed you never used that field in the video. Thanks :)
Hi Rachel, my pleasure. Items are used for inventory or shortcuts. You can set-up items for common services to save time or for inventoried/non inventoried items. If you are simply adding a service charge or non inventory related charge then you may wish to ignore the item column and use the description
This sets the record straight for me, thank you🙂 Just have one question which I am hoping you could clarify. What code would you select if your are not registered for GST?
My pleasure, if your business is not registered for GST then you can simply edit your settings to show you are not registered for GST under financial settings (Settings>Advanced settings) then the tax code column will no longer be available. Otherwise if manually doing so everything should be entered as the total using BAS excluded as GST does not need to be split out
So if you work with a subcontractor who is not registered for GST, would you classify those payments as BAS excluded or GST free?
Good question. The answer is GST Free, they are still included in the BAS as a purchase, however, they are treated as GST free. (BAS Excluded is used for purchases outside the GST system typically such as wages, loans, director contributions)
I have new Xero account. I have not get my Employer PAYE reference with me and without this I am unable to add employees. Is there any way to add employees without PAYE reference?
Well explained. Thank you so much. It is really helpful.
Hi, I would like to know how to deallocate a wrongly allocated credit note! The only way is to refund? Is it possible to undo the allocation?
Hi Elisa, you'd need to open the credit note and then go to options and remove and redo it. This should remove it. Whatever originally created the credit note should then appear back on the bankfeed. Refunding it simply allocates the credit note.
@@TallBooks Thank You! 😀
Great vid thanks, really appreciative.
Contacting Customer Service is nearly impossible. Min 40 minute wait time to speak to someone who is unable to understand what I need and because it is outside of their script and needs repeating many, many, many times. I am after documentation from MYBO regarding payment. Their internal handling is a case of left and right not knowing what the other is doing. I got as far as Account Cancelling section and promptly got cut off after 20 seconds twice. See, cancelling in action! Forget about lodging a complaint - not available on-line. Good way to avoid feedback if not able to give feedback in the first place. I hated using their program - really suited to accounts, not mere humans. Would I recommend - only if you want to have a heart attack or slash your wrists. Fail 👿👿👿👿
How do you allocate a credit to an approved bill please?
First make sure the supplier credit note is assigned to the same supplier name as the original bill. Once approved it'll recommend applying to a bill. You can either apply directly by opening a bill or pay a cash refund. Another option you have is in the bill itself under options you can raise a new CN.
Very informative and helpful. Much aporeciated
Great video, I was just wondering why a credit note for the limo company is GST on expenses? Aren't we gaining income as we are receiving credit?
Hi Chris, the way a transaction comes in or goes out is the way it's reversed. So for example if you charged GST then you refund GST and vice versa.
My bill includes multiple items (50+), which I don't want to enter. I just want to add the total amount, however Xero doesn't allow me to enter 'total amount'. Surely I don't have to enter 50 items?
It does, just use the top line and enter the total into that line instead of adding 50+ items. If you want to enter individual items then you need to itemise if you're not using inventory then don't both, copy description into first box and then total price is the total.
NIce video thank you so much
Hi, thanks for this video. Just wanted to ask when do we use the NT (no tax) code?
In Xero this code is called 'BAS Excluded' but it's the same principle. Used for items not related to goods or services, such as loan repayments, owner contributions/withdrawals, payroll transactions etc.
Hi Samuel, I find your tutorials very helpful. I have a problem though. I cannot find my payroll button. I have standard Xero. I am not sure who to contact because all the tutorials shows the payroll button already
Hi Lee, are you the only user of the file? Most likely you need your access updated to have 'payroll admin' ticked. Check under the top left menu (business name) then settings>users.
If I setup multiple tax components, the GST part goes to sales tax ledger by default but the other tax does not reflect in trial balance as payable ? Do you know how to link a specific ledger account when using multiple tax components ?
I'm not sure that Xero automatically allows that, you can set-up different tax codes but not link them to different liabilites, in which case you're better to journal the amounts manually if required.
I have a client that has a GST Expense on the P&L - this isn't correct is it?
Hi Carlo, that's definitely incorrect. GST is not part of the PnL, the PnL should show the expenses net of GST with the GST calculated and kept on the Balance Sheet GST account.
Thanks so much, great little tutorial.
Great little tutorial, thank you so much. I just set up my first employee in xero, what a piece of cake :)
Awesome work!
Thank you 😊
The video seems good but looks outdated since my Xero doesn't have all the same layout. All my GL codes are entered however I cannot use my bank account as Xero won't properly map it. I'm assuming that 090 isn't a "ban" account. I'd like to see what the account type is so I can work around the limitation of not linking payroll directly to Xero's bank account.
Not sure what you mean by Xero won't map it. What's the error you're experiencing? This video was recorded years back I will do some refreshers later this year.
Can you help, if we did journal entry for matching the bank entry for payroll. Where will be the effect for Journal Entry.
Hi Farzeen, you shouldn't be journalling payroll in MYOB Essentials. The default payment account for wages is under settings (have a look) and then you just allocate the wages as a match, or change the payment account to a clearing account so you can use this to allocate wage payments to.
Hello! Please help me with this. In bank reconciliation with Tide account, if I create a transaction, what account should I choose for these items under Spent: 1. referrals; 2. reference (monthly); 3.guest talk?
Hi there, sorry can you please clarify which type of expense you are trying to categorise?
@@TallBooks Thank you for your attention to this. References and Reference are already reconciled.. I don't know about the guest talk and card refund. They are both money received.
@@frahmarielibag3118 Refunds are coded back where the initial expense went. So for example if the card expense was to office expenses. Put the refund back against office expenses. For Guest Talk if it's money earned it should have a revenue code you can use. If it's a regular income and you don't have one set-up go to the chart of accounts and make a new income account. If not use other income
@@TallBooks thank you so much!
May I know how to allocate the percentage for step 4 where there is multiple lines (example parking fees and petrol fees)
If I understand correctly you want to split an expense into multiple lines. To do this on the banking screen you click the create tab on the right and then add details in the corner of the create tab, this opens up the transaction so you can add multiple lines. (Only necessary if you want to split an expense between multiple categories)
Hi mate, iv recently started working as a sole trader and need to do my first activity statement , could i try do the myself or is it best to find a bookkeeper or accountant to do this thanks..
Hi Bronson, you can definitely give it a try. Start with our bank reconciliation videos then watch the BAS and you should be fine. If you want to book a training session or have us review it just shoot me an email.
@@TallBooks thank you I will see how I go and get back to you. Cheers
hello, my business had to pay a "subscription fee with 10% GST included" to Shopify earlier (when it was NOT GST-registered). This transaction was reconciled as "BAS excluded" in Xero. After registering for GST, the company ABN is provided to Shopify. Since then, the Shopify bill no longer charges the 10% GST. So now, the subscription fee paid to Shopify should be reconciled as "GST Free Expenses"? thanks in advance :)
Hi there, yes that's correct. As you've alerted Shopify with your abn they will now exclude GST from the price and you can mark the fees as GST free purchases.
Can I calculate annual revenue of an organisation from this report?
Yes, run it for the full year in the date section.
@@TallBooks Could you please tell me what field represents the annual revenue in yearly profit and loss report?
Also how can I find book on debt value from xero?
How do you do a deposit invoice or progress payment invoices so you can see the balance of the total quoted cost, (for a building / construction invoice)?
Hi Pablos, you'd need an add-on in xero there's only workaround, unfortunately this isn't part of the core product
@@TallBooks projects?
@@pualo9263 this may allow for it but not included in standard Xero
@@TallBooks do you do one on one phone tutoring? or do you have a course?
@@pualo9263 Hi Pablos, we offer 1 on 1 coaching. Either message via our website or info@tallbooks.com.au and I can give you some more info.
Thank you! Thank you! Thank you! Your video's are so helpful and explained really simply. Perfect.
My pleasure, glad you enjoyed!
Add about Xero came up in this video 🤣🤣🤣
lolol
Thank you dear. I got response from Xero support for UK. Thank you once again.
I couldn't save NI category for UK client.
Hi @Varsha this is an Australian tutorial, you'll be able to find an equivalent or similar in the UK version most likely, otherwise refer to online notes.
Thanks Sam. How would you process an expense claim for a 100% work related personal electronic device (eg $1100 inc GST iPhone) where the employee will salary sacrifice the ex-GST pre-tax amount, and be reimbursed the full amount? I can get the reimbursement done using a clearing account as you described. However, I'm not sure how to clear the suspense account for the pre-tax deduction.
Have you set-up a deduction pay item in Payroll settings>Pay items. That can be linked as pre-tax and set to specific account.
@@TallBooks I do have a deduction pay item linked to a new suspense account (Liability). But that's where my knowledge falls short. My understanding is a suspense account is temporary and I don't know what to do with the balance - that is, how do I clear it?
@@jt6553 Where did you code the original purchase? It can go against this if they are paying it off. For example the amount could go to suspense, then the employee pays it off against suspense netting to zero?
@@TallBooks The employee salary sacrificed the full amount instead of paying it off but I will look at that in future. In this case I linked the salary sacrifice pre-tax deduction to Wages and Salary and this seems to work. Thank you Sam
Hi sam, just wanted to ask, how if I erroneously entered and save a wrong account entry in the process of allocation? what would I do to correct it and to avoid double entry in the books? sorry for asking, i am a newbie here.
Hi Alexie, easy to fix! Go to the bank transactions screen and toggle the option to all transactions or allocated. Source the one you've mistakenly coded and just click into the area with the account selected and type over it. Another option is to run a general ledger report and find the account in question open the transaction and edit.
@@TallBooks Thank you for your response, so in general ledger, to edit it I will just select it and click the replace button? What will be the implications if I will first delete the created allocation transaction? Because, after unallocated it, I can still see the transaction created, then when I opened the created transaction from erroneous allocation, I see a delete button, but I am not deleting it yet. Thanks in advance.
@@alexiequesea8778 You can delete the associated spend/receive money then reprocess no issues. There should be a correlating bank transaction to allocate.
@@TallBooks Oh ok... Thanks for your help. Regards.
Dear Sir, Pls let us know how to include a freight invoice though which the FOB prices increases?