Author Archives: wkstrawbridge
2023 New Zealand General Election – Let the electioneering begin…
Today we had the first notable tax policy announcement in the lead-up to the 14 October General Election. Although, today’s announcement did not appear planned. Prime Minister, Chris Hipkins, was seemingly backed into a corner after poor polling and ruled…
Find out moreThe way BNZ bank feeds connect to Xero is changing
The way BNZ bank feeds connect to Xero is changing BNZ is revamping its Xero bank feeds to simplify the setup process and enhance access to transaction data. Consequently, if you’re a BNZ customer, you’ll need to…
Find out morePrimary Sector Conference 2023
Casey Gousmett from our office and Emma Pilcher from WK Blenheim recently attended the annual Primary Sector Conference held in Christchurch. The Primary Sector Conference 2023 was designed for rural accounting practitioners working with…
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New Zealand Budget 2023 – No Frills? or Blow-out?
Budget 2023 has been dubbed as the “No Frills Budget” by the Government. The opposition are already dubbing it the “Blow-out Budget”. Given that inflation is at levels unseen in New Zealand for a generation, the messaging around the…
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FBT – the forgotten and especially unloved tax
People generally are not overly enthusiastic about filing and paying taxes. However, businesses seem to reserve a special disdain for fringe benefit tax or FBT. FBT is seen as overly complex and difficult to comply with compared to other taxes.
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WK How To: Reconcile Prepayments Received
There may be an instance when you receive a prepayment on a job before you have sent out an invoice. These instructions will show you how this can be treated in Xero. Please note: the GST treatment of prepayments is…
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WK How To: Reconcile a Cash Refund
When you have a credit note that is physically being refunded, you will find when payment is made (or received) the credit entered in invoices (or bills) won’t come up in a find & match search in the reconciliation screen.
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WK How To: Set up a Batch Payment
Batch payments allow you to group together payments and export the details to a file that be uploaded to your online banking. This avoids you entering payment details directly into the bank, saving you time. We note it is worth…
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WK How To: Reconcile a Bank Transfer between accounts
Start on the reconcile screen in one of the bank accounts. Select “Transfer.” If you have more than two bank accounts in Xero you will also need to select the appropriate bank account. Press OK. Go to the reconciling page…
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WK How To: Enter Credit Notes
Options 1 – Create credit note from Invoice or Bill Click into the invoice or bill you want to credit. Under the Options drop down select Add Credit Note. If only part of the invoice or bill is being credited…
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