Books
BAS return in Australia
The typical BAS return has three components: GST - this comes directly out of Books PAYG Withheld - this is the payroll withheld component, either you book this after each pay-run as an Expense to Liability account (to be set up), and then Liability ...
How to use retainer invoices, draw down on them, and create credit notes on retainer invoices
If you are looking to use retainer invoices (advance payments against which you deliver goods or services), this video walks you through the process step by step. This also includes a credit note procedure (i.e. the customer requests a credit note on ...
Setting up and using Reporting Tags in Zoho Books
Reporting tags are useful to dissect the profit and loss account of your business - you can use them to only show results of one or more elements in the reporting tags. In effect, a reporting tag is an indicator that gets "stamped" on the transaction ...
Charging and collecting GST in Zoho Books
This article is about how GST is booked in Zoho Books. From Setup to Invoicing to Lodging with the ATO. First, the GST needs to be set up. This is done under Settings (gear icon on the top right of the application window). Create a new tax, call it ...
Can I backdate an Invoice in Zoho Books?
You can enter a date prior to the current date in Zoho Books when you create an invoice. Do note, that the accounting period in which the invoice is dated must be before the lockout date (typically you close a financial year when the accounts have ...
Zoho Books transition to paid subscription
Nearing the end of the subscription period, you will receive a reminder from Zoho with instructions to convert the membership to a paid membership. I would recommend putting a calendar event in your calendar a day prior to expiry, in case the email ...
How to reconcile bank statements
Bank reconciliation in Zoho Books 0 0 Comments If you are using Zoho Books for your accounting, you probably figured that it is an easy package to use. If you have the discipline to spend 5 minutes per day to do your accounting, your end-of-month is ...