OrmeauBookkeeping.Com.Au

A new client contacted us out of desperation. Struggling to prepare all the documentation for the Business Activity Statement, she could not get the figures to balance.

We suggested she email us the MYOB data file, so that we could get a clearer understanding of where she was at with her bookwork. Contact us for details

She then admitted that there were two different data files being used in the office for the bookkeeping!

Here lies the problem: If you are working on the bookkeeping in one MYOB data file, and someone else is working on the bookkeeping in another data file for the same company at the same time, errors will arise – because MYOB is not designed to cater for that.

So we asked her to send us the other MYOB data file , and then we had to work out which file was the most current.

Often when clients around Ormeau, Yatala, Coomera, Eagleby and Beenleigh ask us to help them with their BAS (Business Activity Statements) the problem is not with the BAS. The problem lies with somewhere within the bookkeeping process during the BAS preparation. You know the saying GIGO – garbage-in, garbage-out! The actual completion of the BAS form is the easy part.

After all, if the figures do not balance, you can simply make a general journal entry to fix it all up – right? WRONG Contact us for details

PS The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)