Can I charge GST if my business is not registered? No – only businesses registered for GST can charge it to their customers or claim GST credits. Xero software simplifies your GST admin It’s hard to follow the GST rules when you’re knee-deep in your business. Xero’s cloud-based...
The company must file annual tax, GST and compliance returns. How to set up a company in Singapore: A step-by-step guide To set up a private limited company, follow these simple guidelines and remain compliant with the Accounting and Corporate Regulatory Authority (ACRA) regulations and the...
However, certain payment methods, such as wire transfers or ACH, can make it more difficult to match payments with invoices (also known as reconciliation). For example, when invoices get paid each month, you may only see a dollar amount show up in your bank account without knowing which inc...
When you send an invoice through Stripe and a customer pays it, Stripe can automatically share the payment details (amount, date, and payer) with your accounting software (e.g., QuickBooks, Xero). Stripe records the invoice as “paid” in its system and pushes that data to your accounting...
Don't forget that if you're in a region that requires special info—like a tax ID number (in the U.S.), a VAT ID (in Europe), or a GST/HST number (in Canada)—you'll want to include that here as well. 3. Enter your client's information Enter your client's name and contact...
In Australia, a survey revealed that 1 in 2 respondents reported more than 40% of their receivables were overdue. Based on a Xero survey, 53% of invoices are late payments to small businesses from large businesses. Without setting and enforcing detailed payment terms, small business owners may...
The amount of work and compliances involved were daunting. The idea of starting a US company just to access a payment gateway seemed crazy. But I found a few people doing just that already! Frustrated, I reached to many people, including the proponents ofMake in India☹️ ...
However, certain payment methods, such as wire transfers or ACH, can make it more difficult to match payments with invoices (also known as reconciliation). For example, when invoices get paid each month, you may only see a dollar amount show up in your bank account without knowing which inc...
However, certain payment methods, such as wire transfers or ACH, can make it more difficult to match payments with invoices (also known as reconciliation). For example, when invoices get paid each month, you may only see a dollar amount show up in your bank account without knowing which inc...
However, certain payment methods, such as wire transfers or ACH, can make it more difficult to match payments with invoices (also known as reconciliation). For example, when invoices get paid each month, you may only see a dollar amount show up in your bank account without knowing which inc...