Frequently Asked Questions 

These are some of the most commonly asked questions about Xero, bookkeeping & accounting procedures.
If you can’t see an answer to your question, please feel free to contact us and we’ll be happy to help.

BENKORP SERVICES

About Xero

  1. Why Xero?
  2. Can you start during the financial year?

Training & Support

  1. What Sort of Training is Provided ?
  2. Where does Benkorp provide training ?
  3. What are the Ongoing Support Options?

Bookkeeping Options

  1. What are the Bookkeeping & Accounting Options?          
  2. Do you have a Chart of Accounts?

GST RELATED QUESTIONS

Simpler BAS

  1. What is Simpler BAS?
  2. Is there GST on Hall Hire?

Tax Invoices

  1. What information needs to be on a Tax Invoice?
  2. What GST code do we use for transactions between same religious entity?

BAS/IAS & Esigning  

  1. Who is authorised to sign the IAS/BAS Activity Statement ?  (Sydney Anglican Diocese)
  2. Why do we need to esign BAS/IAS Activity Statements?

 

EMPLOYMENT

Tax File Declaration Form

  1. Where to find a Tax File Declaration Form?

Payment of  Services

  1. What is the procedure to pay itinerant Preachers?
  2. How do I work out if a worker is a contractor or employee, for tax and super purposes?
  3. How do you Pay people for their services?

My Payroll & Leave

  1. What is MY Payroll?
  2. Why are leave balances displayed differently in Xero in the employees profile, the leave balance report and on the payslip?

MINISTRY EXPENSE ACCOUNTS

Ministry Expense Account – Anglican

  1. How much can you salary sacrifice to your MEA Account?
  2. What can be claimed from the Ministry Expense Account?
  3. Can the balance of the MeA be paid out to the minister when leaving the position?

Ministry Expense Account – Uniting

  1. How much can you salary sacrifice to your MEA Account?
  2. What can be claimed from the Ministry Expense Account?
  3. Can the balance of the MeA be paid out to the minister when leaving the position?

XERO

About Xero

  1. What are the benefits of Xero

Report Layouts

  1. How do you change Layout of Reports

PROCESSING

Bank Feeds

  • How do you Set up Bank Feeds?
  • How do you Import Bank Feeds?

Processing

  1. How do you allocating the deposit paid for the purchase of a property?
  2. How do we process gifts and donations received for specific purposes, called restricted Funds?
  3. How do we claim back the GST from the MEA account expenses?
  4. How do we account for the GST component if the expenses have already been entered & paid.
  5. What if we want to give the minister the benefit of the GST component of his MEA expenses

SUPERANNUATION

Superannuation Information

  1. Is Xero Super Stream Compliant?
  2. How do you set up Auto Superannuation?
  3. How do you lodge and approve superannuation payments?

Terminations

  1. When an employee is made redundant or terminated – what SGC Superannuation is payable?

Super Guarantee Charge |  Australian Taxation Office

YEAR END PROCEDURES

Payroll & Payment Summaries

  1. What is the process in issuing annual payment summaries?
  2. How do you do a payroll reconciliation for the 1st July to 30th June?

BAS Reconciliation

  1. How do you do a BAS reconciliation for the 1st July to 30th June?

Audit Process

  1. What is the audit process at the end of the financial year?

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