When you do a quote to a client, say it’s a $4k job and the quote says to pay say 50% on acceptance of the quote. You haven’t done an invoice, but have $2k turn up in the bank account you need to reconcile against. In this case you would do a “Prepayment” in the bank rec. Then when you invoice once job is done it will ask you to allocate the credit against the invoice. What if the client wants a receipt sent? Not sure if you can do this from the option above? You could do an

Happy new financial year! The end of the March 2023 financial year is upon us, and it’s now time to send in your information. Continuing...

We can help you get on top of it, work with you to negotiate a payment plan with IRD, then help keep you on track in the future.

What is Hubdoc? Hubdoc is a data capture tool which extracts key data from documents, then stores the documents for later and can even...

With the advancement of information technologies, we are always seeing new tools come out for businesses to utilise. These new tools have...

Over the years we have built up a specialty in working with clients who have overdue taxes, some with 5 or 6 years of overdue tax returns.

We are now in a position of being able to offer a purely online accounting experience for our clients.

The government has announced a number of changes to the Bright-line test in an effort to control the housing market. I’ve read a number...

Dealing with your Small Business Cashflow Loan in Xero Here is a link to a quick recording on how to deal with your Small Business...

Help and information on how to apply for the Small Business Cashflow Loan from IRD

It is very common for clients to miscalculate their GST when they are having withholding tax deducted from their income.

See how to deal with transactions involving GST paid to customs for imported products...

Short clip on how to file GST returns in Xero with the IRD...

The most common mistake with Xero...