Archive for February, 2011

Get a full medical done on your MYOB file. We come to your office or remote-in to your pc, to give your data a thorough check.

We will look over –

• accounts list
• bank accounts
• debtors (accounts receivable)
• creditors (accounts payable)
• stock (inventory rec)
• GST
• PAYE

As well as check your Profit and Loss and Balance Sheet we will advise if there are any glaring errors which need further investigation. We regularly discover unclaimed GST or spot tax issues you need to be aware of.

The session should take around 2 hours and is chargeable at our usual hourly. At the end of the session we will provide a one-page summary of findings.

Just a warning to take care with your GST returns should you still be using older versions of the software.

Unless you are on the latest version (19.5) don’t use the Prepare GST Return – it doesn’t calculate 15% GST but 12.5%! Some of you have already had friendly reminders from the IRD on this one. Best to print the GST Detail reports and then use the totals at the bottom to submit your GST Returns. Also, a reminder about credits; credits entered after 1 Oct 2010 but relating to pre-30 Sept 2010 invoices, must use the S code (12.5%).