Hi Glen,

I am not registered for GST so I clicked on the GST to be Not Applicable. I then read that I need to have this setup anyway. How do I set up the new tax codes? I went into the taxes section to create a new tax but I don't really know what I need to do? I am a brand new business and would also like to know how to enter my opening bank balance and bank loan balance?

Thanks,

Maree

Hi Glen,

Can we print or export our profit & loss statements?

Regards
Matt

Hi Glen,

I have exported a stack of data out of Xero to csv, and want to import all to FAS. Is there a template of how i should set up all the info to import?

I currently use MYOB first edge. I am a psychotherapist and I am paid at the end of each session by cash or debit/credit card.
So that my bookkeeper can more easily keep track of my eftpos transactions, when I enter the sales into myob, I put them into an account called undeposited funds. Then at the end of each day I prepare a bank deposit in myob which totals the eftpos takings for the day and puts them into my business bank account in myob. This means the eftpos deposits shown in my bank statements match my eftpos deposits into my bank account in myob.
My question is; is there a way I can do this in Free Accounting Software?

I would like to see importing of bank statements

thanks

Hi Glen
My question today is and I think this one will make me look like the total newbie I am. What is a simple way of entering a Pay Pal payment? Do I just put in the net amount and forget about the Pay Pal fee for the transaction. Also do I also need to separate out the postage charge that was part of the payment?
Dave

I was wondering if there was the facility for the banking side of things in your program. I cant seem to find anything that will allow me to record deposits or do a bank rec.

PDF Template for Credit Purchases and Cash Payments

Hi Glen

I would like to use this software to email a purchase order (to consolidate everything in order to not double handle)

My original thoughts were to create a "Credit purchase" then when the goods arrive I can make a "Cash Payment"

How ever I am not GST registered (so my tax description is No GST Applicable) yet the companies I purchase my goods from are GST registered so the purchase order needs to show the GST component.

Any ideas how I can show the GST on the "Credit Purchase" in order to email it as a purchase order but have no GST applicable when it comes to making the cash payment?

Cheers for your help
Stacey

How do I enter last financial year's comparative balances?
And if I start to use Free Accounting Software in Oct, how do I enter the Balances from the Trial Balance from the Sept Qtr?

When entering Cash Receipts am presented with Capital and Expense accounts in the Account lookup combo box, in addition to Income accounts? Restricting to Income accounts may lead to less confusion.

If you are using Free Accounting Software please provide us a testimonial. I am planning on making some available on the home page so that new users can see them.

We're always trying to improve Free Accounting Software. If you have any suggestions for us reply to this message.

For general support queries please start a new topic as it will help to keep the various subjects separate. That is unless it's directly related to a previous message.

If you think you have discovered a bug post it here or email support@freeaccounting.com.au