Introduction to Payroll – Using Xero as an Example
Payroll is how a company pays its employees.
AU-specific bookkeeping and tax topics
View All TagsPayroll is how a company pays its employees.
When you design or review a GST process, the control you implement should match the legal evidence standard.
In Australia, claiming GST credits usually hinges on holding a valid tax invoice (especially above the A$82.50 threshold).
while in New Zealand, claiming GST relies on keeping sufficient taxable supply information, which can be supported by a combination of records rather than a single “tax invoice” document. ([Australian Taxation Office][1])
New Zealand and Australia both operate a GST system, but the practical experience of preparing and filing returns differs a lot once you get into the return form structure (NZ) vs BAS / Activity Statement labels (AU), and how accounting software (like Xero) maps transactions into those structures.
This post focuses on: