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  Must our Formation be using Xero to claim GST? Yes, the Formation must be using Xero to claim the GST. This is because Branch Support Office has access to the Xero file, therefore the GST can be reviewed for compliance prior to lodgement with the ...

• Statement of cashflows (new)

  Cashflow is very important to every business and the statement of cash flows is a good summary of the income and expenses for a particular period.  Please note this report only includes cash movements and doesn’t account for non-cash movements.  ...

• Cash Versus Accrual Accounting

  We require all Formations adopt accrual accounting as this will ensure that your income and expenses are aligned in the same reporting period.  Please ensure that you enter all invoices for payments in the month the expense was incurred, this would ...

• Tracking for Section Accounts

  What is tracking? Xero uses tracking categories, which is like cost centres or department codes. Tracking allows you to see your financial results in departmentalised areas, allowing you to produce financial reporting for different Sections of the ...

• Accounting Procedures

  General guide to Executive Committee Members on Accounting Procedures, refer the attachment. If yo have any queries, please contact financehelpdesk@scoutsqld.com.au