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

Finance Options

Note: This is not advice. Please look at it as a guide only and get specific advice from your own Tax Agent or Lawyer. Question: I am Cash Based for GST. I need to buy a new car (or piece of business equipment). What is the difference between a Lease a Hire Purchase or a Chattel Mortgage? And how do I treat them in my accounting software?   a)        CHATTEL MORTGAGE For a business that is cash based for GST a Chattel mortgage is a very good option to investigate, as you are able to claim the GST on the purchase of the car/equipment (for the business % of use) up front at the time you make...

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...

Customize your icon bar

You can customise your Icon (Shortcut) bar for quick and easy data-entry. This is one of the first things I do when I work in a new client's file. It makes the work I do much quicker and easier and is well worth the few minutes it will take to do. To customise your icon bar do the following: Right click anywhere on your icon bar and choose Customise Icon Bar Choose Add and select from the list any functions that you regularly use Once you have added all the icons you require from the list you may want to re-organise them into a more useful order. To do this select the Diamond to the left of...

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...

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...

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...

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...

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...

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: 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...

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