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.

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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

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...

Recording BAS Payment

Step 1 Enter the payment of the BAS as follows, breaking it up line by line to it’s appropriate accounts. Notice that the PAYG Withholding is entered using the “General Clearing Account” The GST (both the Collected and Paid amount 1a and 1b) are entered using the “TAX PAYABLE” Account. If you pay a PAYG Instalment (5a from the BAS) (there is none in the transaction pictured below), you would enter this against an Account called “PAYG Instalment” set up as a CURRENT ASSET Account in the Chart of Accounts. Similarly if you claim a Fuel Tax Credit (7D from the BAS) you would enter this against...

Set up a Product or Service: Service

From the Product/Service information window, enter a name for your service. This can be simple ie. Labour Hire, Gardening Services or very detailed ie. Traffic Controller – M-F (8am-6pm). When choosing the complexity of the name you will use consider 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...

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...

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...

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...

Recording Banking Transactions

One of the regular mistakes that I find when I am looking at my clients accounting files is the incorrect usage of tax codes in banking transactions. So help with this I have created a list of the type of banking transactions you might come across and the correct tax code to use in your particular Accounting Software: For Bank Interest earned (INCOME) MYOB – ITS Reckon Accounts – INP QuickBooks Online – Input Tax XERO – Input Taxed For Bank Interest EXPENSE MYOB - FRE Reckon Accounts - NCF QuickBooks Online - GST Free Non-Capital XERO - GST Free Expenses. For Bank Fees charged to your...

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...

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...

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