Money In- Overview
The 'Money In' records all receipts received by cheque, cash, credit card, or direct transfer. You will record the details of receipts, allocate them to a column that indicates what the receipt was for.

Cashflow Manager has a uniquely simple system to help you calculate your GST. You simply allocate a 'GST Tax Type' to your columns that matches the boxes on the Business Activity Statement. When entering Money In, you record the gross amount (inc GST) into the appropriate column and the GST will be automatically calculated from the GST type allocated to the column. The GST Types are:

GST: All receipts subject to GST
Exports: All receipts from exports
Other GST-Free: All GST-Free receipts (other than exports)
Input Taxed: receipts that are input taxed e.g. residential rents, financial supplies.
Non-GST: Receipts that are not to be reported in the GST section of you BAS, e.g. transfers from other accounts, salary & wages, amounts received from a hobby, trust and partnership distributions, dividends, loans and interest received (unless you make financial supplies in your business).

How to record Money In:
Ensure that you are in the correct account and the correct month and year. If transactions are 'Cash' related, please ensure you record them in the Cash Account.

The Money In Record has 2 primary sections. The first section is for the 'Receipt Information'. The second is to allocate what the receipt is for.
The basic rule is that the Total Receipt must be equal to the total of the allocation columns.

Add Money In Records:
The Money In section of Cashflow makes data entry much simpler by using the 'Form-based' method.
When adding your Money In records, a form screen will appear, allowing you to complete each section before saving. If data in not entered correctly, or is missing a required field, the program will let you know. This ensures data is entered correctly into the system, eliminating mistakes.

1.Click on [Money In] and make sure you are in the correct account.
2. Ensure you are working in the correct month and year.
3. Click on the [Add Record] button.
4. Enter the date for the transaction using the calendar selector
5. Select a Customer from the drop-down list
6. Enter the transaction amount
7. Type in the details of your money in transaction (Optional).
8. Select an allocation column.
9. Click [Save] to add transaction to the Grid.
10. If you wish to add multiple transactions click [Save& Another] to continue adding transactions.

Please Note: If the column is  GST tax type, GST equal to 1/11th of the amount will be recorded in the GST column although this amount can be edited. Refer to the adjustment article for more information.
Receipts that do not occur regulary can be listed in either the Sundry GST or Sundry Non-GST columns as applicable.

Money Out- overview:
The Money Out section records all payments received by cheque, cash or directly from the bank, depending on the account you are in. It is good business practice to make all payments by cheque (or electronic bill payment) wherever possible because this gives you a record of your payment.

Of course, this is not always practical and some payments are made by cash. These transactions must be entered in the Cash account created by the program.

Cashflow Manager has a uniquely simple system to help you calculate your GST. You simply allocate the transactions to a GST type column that matches the boxes on the Business Activity Statement. When entering payments, you record the gross amount (inc GST) into the appropriate column and the GST will automatically be calculated from the GST type of the allocation column. The GST types are:

GST: All business payments subject to GST (other than capital purchases)
GST-Free: Payments to non-registered entitites, or where the supply to you is either GST-Free or Input Taxed so you have not been charged GST.
Input Taxed Supplies: Payments that you have made in respect of supplies by you that input taxed.
Capital Purchases: Purchases or plant & equipment, property or other assets that cost you more than the Tax office Expense limit.
Capital Purchases are further classified as to whether they are taxable, GST-Free or Input Taxed. 'Taxable' means that GST is included. GST-Free and Input Taxed have the same definitions as above.
Non-GST: Payments that are not to be reported on your GST calculation sheet, e.g. salaries & wages, owners drawings, or other acquisition that are not for use in your business.

It is important that you set up the GST Tax Types for your columns correctly and then accurately allocate your payments to prepare your GST and BAS Reports.

How to record Money Out:
Ensure that you are in the correct account and the correct month and year, and then follow these simple steps. If transactions are 'Cash' related, please make sure you are in the Cash Account.

The Money Out Record has 2 primary sections. The first is for the 'Payment Information'. The second is to allocate what the payment is for.
The basic rule is that the Total Payment must equal the total of the Allocation Columns.

Add Money Out Records:
The Money Out section of Cashflow makes data entry much simpler by using the 'Form-based' method.

When adding your Money Out records, a form screen will appear, allowing you to complete each section before saving. If data is not entered correctly, or is missing a required field, the program will let you know. This ensures data is entered correctly into the system, and eliminates mistakes.

1.Click on [Money Out] and make sure you are in the correct account.
2. Ensure you are working in the correct month and year.
3. Click on the [Add Record] button.
4. Enter the date for the transaction using the calendar selector.
6. Type a Supplier name
5. Enter the transaction amount
7. Type in the details of your money out transaction (Optional).
8. Select an allocation column.
9. Click [Save] to add transaction to the Grid.
10. If you wish to add multiple transactions click [Save& Another] to continue adding transactions.

Please Note: If the column is a GST tax type, GST equal to 1/11th of the amount will be recorded in the GST column although this amount can be edited. Refer to the Adjustment article for more information.
Payments that do not occur regularly can be listed in the Sundry GST, Sundry GST-Free or Sundry Non-GST as applicable.
Important: You can only claim the GST Input Tax credit if you have received a tax invoice from the supplier. If you do not have a tax invoice then you must not put the payments into a GST column


 

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