Post by: Brij on October 05, 2022, 07:26:11 PM
This year it looks like I will be hitting the $75000 turnover threshold that dictates I will be required to charge and process GST.
Any recommendations on software (MYOB, Xrox or whatever it is called, or others) that can manage the GST process?
No other real requirements. No employees or payroll. Invoices are simple so no real need for additional software to handle that part.
Post by: xcvator on October 05, 2022, 09:08:51 PM
Post by: db on October 05, 2022, 10:31:10 PM
Post by: Fizzie on October 06, 2022, 07:26:22 AM
I will be hitting the $75000 turnover
That's one heck of a hobby!!! :o
Post by: Hairs on October 06, 2022, 07:31:59 AM
Costs about $660 p/a
Very simple, does GST, BAS.
Not set up for employees, but you can set it up for partners.
Take photos of receipts, screen shots of invoices when entering exspenses.
Easy to search for past expenses, clients, jobs.
I find it awesome, it's my mobile office.
What I really like about it is,
I know my costs of materials, my time, I can email/text the invoice as I finish the job, simple, quick, terms are 14 days, I'm paid that little bit sooner.
You don't use magic to disappear, ya use a 4x4 & Swag.
Post by: Bird on October 06, 2022, 09:14:09 AM
Post by: below sea level on October 06, 2022, 12:08:13 PM
Post by: plusnq on October 06, 2022, 02:15:54 PM
Post by: westvic on October 06, 2022, 04:49:52 PM
However....I reckon there are plenty out there and you will get used to what ever you go with. Strongly suggest you chat to your accountant first as if there is something they use/recommend then go with that cause it will save them time (and you $$)
Post by: Brij on October 06, 2022, 06:59:45 PM
That's one heck of a hobby!!! :o
Turnover, not profit.
Post by: Brij on October 06, 2022, 07:05:40 PM
Stop before gettin to 75k :)
Actually the goal is to keep building and to derive a full time income eventually.
Most of the work involves sitting in front of a computer, so have phone service can work anywhere.
Last year took a 3 week working holiday and about every 2 or 3rd day just pulled out the laptop for a few hours whilst sitting back enjoying a few beveridges whilst camped beside a river.
Currently looking at dropping back to 4 day a week at main job, then next year maybe 3 day a week. See how we go.
Post by: Brij on October 06, 2022, 07:08:54 PM