K.I.S. Accounting Systems

K.I.S. Accounting Systems is a team of Tax Agents, Accountants, Consultants, Trainers and Bookkeepers who are Accounting Software Specialists.

We provide remote and onsite support, training, bookkeeping, accounting & Taxation and BAS services.

Contact Us

BOOKKEEPING

We keep your books tidy; giving you the time to get on to bigger and better things. Read more

ACCOUNTING

We can do your taxes and activity statements: or get them prepared for easy reporting.

TRAINING

Training Australia wide in Reckon, QuickBooks, XERO, and MYOB. Read More

SUPPORT

Get all the accounting software support you need with hands-on help. Read more

Do I Need More Than One Bank Account?

WHY DO COMPANIES HAVE MORE THAN ONE BANK ACCOUNT? There are multiple reasons a business may choose to have more than one bank account.    Some companies have a main cheque account and then a tax management account. They transfer regular amounts into the tax management account from the main cheque account so that when it is BAS and tax time or super needs to be remitted they have the funds available.   Some companies may have a couple of different aspects to their business and like to keep everything totally separate. This is particularly true with businesses that still adopt the old manual...

Set up a Product or Service

Log in to QuickBooks Online (https://quickbooks.intuit.com/au/) Choose SIGN IN (top right of the window) and select PRODUCTS AND SERVICES from the drop-down list This will open the PRODUCTS AND SERVICES screen. From here choose NEW to set up a new product or service. Set up a PRoduThis will bring up a window asking you to SELECT A TYPE. There are four types you can choose from. At this point, the set up procedures vary depending on which type of Item you have chosen to set up. Continue to the appropriate procedure...

Set Up a New User in Reckon Accounts (Hosted/Enterprise)

Go to COMPANY/USERS/SET UP USERS AND ROLES Enter the Admin Password This will bring you into the Users tab of the Users/Roles list window. Note: While you are in here delete any users that are no longer working for the business or are no longer using Reckon Accounts, to keep the list relevant To set up your new user, choose either NEW to set up a new user from scratch, or choose DUPLICATE to copy the existing set ups of another user (this is the easiest way to do it if you want to set someone up with the same role) From the Users and Roles window, USERS tab, Highlight the User that you want...

The Best Way For Recording Bank Deposits In A Business That Receives Mostly Cash

When you record your bank deposits of course it is very important if you have received cheques to match these correctly to the actual bank deposit. When you receive mostly cash it is not easy to match what you deposit to what you have received. Often you will have taken some of the cash and used it for petty cash items, so it never actually makes it to the bank. Some businesses still want to exactly account for their cash. This is often quite a good idea. When they do this they make it a practice to never use money from the till to make purchases, rather they have a separate petty cash tin...

Customizing Invoices and Other Sales Forms In QBO

You can customize the style of invoices, sales receipts, and estimates, plus you can control which data entry fields are available on sales forms. To change the style of sales forms: Click the Gear Icon > Custom Form Styles.  To change the Standard style for all types of forms, click Edit. Or, click New style and then select Invoice, Estimate, Quote or Sales Receipt from the list in the dropdown menu to start a new style. On the Customize Form Style page, go through all the tabs at the left to experiment with the changes you can make. For example: Design - click on the following options...

Using Company Data Auditor

The Company Data Auditor can be found in MYOB in the Accounts Command Centre. It is a very useful tool and I strongly recommend that you run it prior to preparing any BAS or your end of year reports. It will not pick up every error that has been made, but it will certainly go a long way to pointing out to you many possible errors that may have been made, and give you the chance to fix them before preparing a BAS or financial reports. Below is a brief summary of the Company Data Auditor and some of its checks, to assist you. 1.     COMPANY FILE OVERVIEW Check that the file has been backed up...

Reimbursements to Owner

Q:  Sometimes stock or one off goods are purchased on the credit card of my partner, then the money for the sale is inputted into the business account, then the amount credited on my partners account is then repaid from out account how do we account for this? A: There are a couple of different ways of doing this. One simple way is to simply ignore the first payment by credit card totally and just record the bill as being paid by the cheque that you use to reimburse your partner, as if you were paying it straight to the supplier. This way is simple but usually not possible if you are...

Zero Dollar Clients in Accounts Receivable

Question: I have got two customers on the accounts receivable list that has nothing owing. I have marked both inactive and they still come up. Any suggestions? Answer: If you double click the amount in the Receivables report you will see there is an amount owing + an amount paid (or credited)both the same amount that negate each other and add up to zero. If it is a payment with an Invoice then just click on the payment to open it and tick the outstanding invoice of the same amount that will be there. This will get rid of it out of your Receivables. If it is a credit with an Invoice then go...

Memorised Transactions

Using the Memorised Transaction feature in Reckon Accounts is the easiest way to significantly speed up your data entry process each month. I mean even if you are one of those rare people that love bookkeeping, do we really want to waste hours every year repetitively entering the same transactions over and over again?   Use the Memorised Transaction feature to memorise all the transactions that are repetitive. You can memorise them on a daily, weekly, fortnightly, monthly, annual basis and more.   The sort of transactions that you can memorise are loan repayments; Hire Purchase repayments;...

Set up a Product or Service: Inventory

From the Product/Service information window, enter a name for your product This can be simple and generic ie. Consumables, materials, or very detailed ie. “8.8 Precision High Tensile Bolts ”, “First Aid Training Manual”. Insert an Image if required. This is completely optional. Again, particularly useful when setting up a Point of Sale (POS) system. To insert a picture from your computer, click on the pencil icon and navigate to the image you wish to use. Category and Class. These are optional items that can be used for Cost Centre and Location Tracking. Choose an appropriate Category and/or...

Services We Provide

 

  • Training – one on one & classroom.
  • Remote Accounting Software Support
  • BAS Preperation & Lodgement. 
  • Pre-Tax/End of Year Preperation
  • Bookkeeping 
  • Setup & Initial Training
  • Health Checks on your Accounting Software. 
  • Management Reporting. 
  • Software Sales and Advice 
  • Support and Membership Opportunities for other independant bookkeepers.
  • Support and Membership Opportunity for other Accountants and Tax Agents. 
We can provide Reckon Accounts, QuickBooks, XERO and MYOB: – Training, Bookkeeping, Accounting, BAS, Taxation and Support to clients in: Wollongong (Illawarra); Sydney; South Sydney; North Sydney; Northern Beaches; Nowra; South Coast; Southern Highlands; Batemans Bay; Newcastle; Dubbo; Wagga; Bathurst; Mudgee; Brisbane;, Melbourne; Hobart; Darwin; Perth; Adelaide; Rockhampton;, Toowomba; Cairns; Canberra and anywhere else in Australia.

This business is owned by Heather Kennedy who is a Registered Tax Agent; Public Accountant member of the IPA; Accredited Consultant with Reckon; a Certified QuickBooks Online Pro Advisor; a partner with MYOB and an Advisor with Xero. 

Ph: 1300 556 360