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
- You seem to be encouraging that we use Xero Accounting software. Why is that?
- Can we start a new accounting system half way during the financial year?
- What Sort of Training does Benkorp provide?
- Where does Benkorp provide training ?
- Does Benkorp provide ongoing onsite Bookkeeping & Accounting services at our office?
- Benkorp provides Bookkeeping & Accounting services, can this be shared to reduce costs?
- Can Benkorp provide a Chart of Accounts for us to use?
GST RELATED QUESTIONS
- What is Simpler BAS?
- Is there GST on Hall Hire?
- What information needs to be on a Tax Invoice?
- What GST code do we use for transactions between same religious entity?
- Who is authorised to sign the IAS/BAS Activity Statement ? (Sydney Anglican Diocese)
- Why does the BAS/IAS Activity Statements need esigning?
- How do we claim back the GST from the MEA account expenses?
- How do we account for the GST component if the expenses have already been entered & paid?
- What if the benefit of the GST component of his MEA expenses is given to the minister?
MINISTRY EXPENSE ACCOUNTS
Ministry Expense Account – Anglican
- How much can be salary sacrificed to the MEA Account?
- What can be claimed from the Ministry Expense Account?
- Can the balance of the MEA be paid out to the minister when leaving the position?
Ministry Expense Account – Uniting
- How much can be salary sacrificed to your MEA Account?
- What can be claimed from the Ministry Expense Account?
- Can the balance of the MEA be paid out to the minister when leaving the position?
FRINGE BENEFITS FOR PUBLIC BENEVOLENT INSTITUTION EMPLOYEES
- How do we process Salary Sacrifice & Fringe Benefits Tax Free processes for Public Benevolent institutions (PBI)
SINGLE TOUCH PAYROLL
- How do you set up Single Touch Payroll
- How do you file the Single Touch Payroll with the ATO?
- How do you fix an error in Single Touch Payroll Submission?
XERO
- What are the benefits of Xero?
- How do we change the Layout of Reports?
PROCESSING
- How do we Set up Bank Feeds?
- How do we Import Bank Feeds?
- How do we allocate the deposit paid for the purchase of a property?
- How do we process gifts and donations received for specific purposes, called restricted Funds?
SUPERANNUATION
- Is Xero Super Stream Compliant?
- How do we set up Auto Superannuation in Xero?
- How do we lodge and approve superannuation payments?
- When an employee is made redundant or terminated – what SGC Superannuation is payable?
YEAR END PROCEDURES
- What is the process in issuing annual payment summaries?
- How do we do a payroll reconciliation for the 1st July to 30th June?
- How do we do a BAS reconciliation for the 1st July to 30th June?
- What is the audit process at the end of the financial year?
EMPLOYMENT
- Where to find a Tax File Declaration Form?
- What is the procedure to pay itinerant Preachers?
- How do we work out if a worker is a contractor or employee, for tax and super purposes?
- How do we Pay people for their services?
- What is MY Payroll?
- Why are leave balances displayed differently in Xero in the employees profile, the leave balance report and on the payslip?
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