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

Set up a Product or Service: Non-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”. Enter an SKU if needed. Note: You will probably only need this if you are setting up an Item for a Point of Sale (POS) system. Otherwise leave it blank.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...

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...

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...

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 General Clearing Account

What is the general clearing account used for and how is it used? The GENERAL CLEARING ACCOUNT is used for a multitude of things and is an extremely handy account to have in your Chart of Accounts. The GENERAL CLEARING ACCOUNT is set up as a BANK Type Account in the Chart. A Few examples of when we use the General Clearing Account are: Recording the payment of “PAYG Withholding” as part of the BAS (so that it also gets tracked through the Pay Liabilities Tracker AND can also be entered as part of the BAS as one total figure). Recording Contra Payments (ie, when you buy something from someone...

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...

Merging Lists

You can easily merge SUPPLIERS & CUSTOMER NAMES, ITEMS & ACCOUNTS IN Reckon Accounts. If you find a supplier or customer entered into your Reckon Accounts system with two different names eg. Joe Blogs Lawnmowing Services (Company name) and Joe Blogs (Individuals name) and they are one and the same business then the easiest way to fix this is by simply merging the two into one. This will mean that all transactions that have been entered against both list items, will now be entered against the one chosen list item. To do this go into your Supplier/Customer Centre, select one of the names (the...

How to Create an Invoice in QuickBooks Online

Click on the Plus (+) sign at the top right of any screen then select INVOICE from the drop-down list Choose a Customer from the dropdown list (or start typing your customer’s name to search the list) Tab to the Email field, your Customers email will prefill automatically if you have set up the Customer earlier, otherwise enter your customers email address here. Note: You can also add a CC/BCC at this point. Tab to the Billing Address field it will autofill if you have set up the Customer Details earlier, otherwise enter your customers Billing Address Tab to the Terms field. Select the Terms...

Recurring Transactions

Using the Recurring Transactions feature in MYOB is a very easy 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 Recurring Transaction feature to save all the transactions that are repetitive as Recurring on a daily, weekly, fortnightly, monthly, or annual basis and more.   The sort of transactions that you can save as Recurring are loan repayments; Hire Purchase repayments; monthly...

Uncleared Transactions

Once you reconcile an account ALL transactions should be ticked off and there should not be transactions sitting there unreconciled. If there is, then you need to go back into the Reconciliation and choose to reconcile to the same date as the "Last reconciled date", with the Closing Balance entered the same as the Opening Balance. Once the Reconciliation opens up you need to Tick the box "Hide Transactions after the Statements End Date" (at the top right of the reconciliation). This will leave you with all of the Uncleared transactions that shouldn't be there as the account has been...

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