✅ Grab a copy of our FREE Xero Setup Guide right here: bit.ly/4d1yCLq 👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/4e4MghD ►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily? ►► Do you want clear explanations in plain English with all the information in one place? ►► Do you want to feel confident that you’re doing it right? 🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/4e4MghD
Hi, Can tracked inventory be used for assets that you sell for hire. The asset is never sold but hired by a customer's project for a fixed duration at a fixed rate.
Say I have a plumbing company. I have 2 brands of toilets that I want to keep at my shop. When I sell a service to replace a toilet I just add the price of the toilet onto the my hourly rate for that specific job. It's more so just convenient to have the toilets on hand rather then driving to supplier non stop. What would I input this onto xero ?
Why is GST tax on the Buy and the Sell? Is that an Australian thing? Normally in the U.S. wouldn't you purchase your inventory tax free providing your EIN number, and only charge sales tax on the sale?
You pay GST on everything you buy in Australia. Then if you don't make money at the end of the year you claim it all back. Farmers love it as they can live off the tax return.
✅ Grab a copy of our FREE Xero Setup Guide right here: bit.ly/4d1yCLq
👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/4e4MghD
►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily?
►► Do you want clear explanations in plain English with all the information in one place?
►► Do you want to feel confident that you’re doing it right?
🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/4e4MghD
kudos to your understandable explaination..
Hi,
Can tracked inventory be used for assets that you sell for hire. The asset is never sold but hired by a customer's project for a fixed duration at a fixed rate.
Say I have a plumbing company. I have 2 brands of toilets that I want to keep at my shop. When I sell a service to replace a toilet I just add the price of the toilet onto the my hourly rate for that specific job. It's more so just convenient to have the toilets on hand rather then driving to supplier non stop. What would I input this onto xero ?
so if we make the opening balance through bills menu, the amount also noted as account payable, how to solve that? thank you
Why is GST tax on the Buy and the Sell? Is that an Australian thing? Normally in the U.S. wouldn't you purchase your inventory tax free providing your EIN number, and only charge sales tax on the sale?
You pay GST on everything you buy in Australia. Then if you don't make money at the end of the year you claim it all back.
Farmers love it as they can live off the tax return.
I’m selling across different platforms (wholesale, website and markets) Is it still possible to use Xero for this?
How to setup account for restaurant business in xero online?
Hilpert Pines