Accounting practice training+Internship免费试听，重听，助你找到理想工作

Hello Rachel

Thank you so much for cheerful words... :)

I do aprreciate it so much and for your courage for me!!

I am so glad that I met you no matter what way, and glad to know you.

and I will always keep in touch with you if it is okay! hahahaha


mmm I think I made little mistakes...

I don't loose my boss now.. she made scenario that she expect me to take her job if she has to leave.

So that it makes me think that It would be good opportunity for me to grow up.

and as you said, if I think there'snothing much I can learn more..

then i can leave!
oh! good news is, they don't worry about my residency issue!! YAY!!

hahahahaha

talk to you soon!!


Thank you so much Rachel!!

I will email you again on Monday.


Thank you!!!!!!

best regards
Mijin (Jamie)

Hi all,



Hope you all had a good weekends.



Here is a questions from one of our trainees regarding to bad debt.



Please have a look if you can get the answer.



Let me know if you need any help.



Cheers



Rachel






-------- Original Message --------

Subject:  about bad debt expense
Date:  Sat, 5 Nov 2011 10:45:54 +1000
From:  bo gao <>
To:  <[email protected]>



Hi Rachel,
There are some concept question about general ledgers.With bad debt expense, it is debt nature. but with provision doubtful debts is credit nature. My understanding with these two are like asset and accumulated depreciation.  Accumulated depreciation is the contra account for asset. am i right ?

regards

scott gao

Hi all,

Good news from one of our trainees.

Cancel has successfully secured a position as accounts/administration clerk. Please join me in congratulating him.

Recently, job market is quite as everyone seems in holiday mood already. But Feb next year, we should expect a peaking time of job marketing. Please get prepared for that.

Cheers

Rachel

Hi all,

Good news. One of our trainees successfully secures an AA position in a large company.

I did reference check for him with an agent. After the reference the consultant referred him to two employers. And he got offers from both of them. Well done! Scott will send us feedback after he settles down his new job.

Christmas is coming soon. You can tell everyone is in holiday mood. Christmas trees are everywhere and lots of shops open late. That’s why job market is quiet currently. If you are stressed out about your job hunting, please give yourself a bit more time. As I mentioned before, you will see it’s peaking up in Feb next year. If you have spare time now, review what we learnt in the class, practice your typing and EXCEL and prepare interview questions. About interview questions, please Google it. Wait for your opportunities.  

BTW, those trainees who are taking interviews, if you have time please send us some interviews questions you came across. Hopefully, we can provide a platform to all others. Thank you.

Please do not hesitate to contact me if you have any questions.

Cheers

Rachel

Tax code in MYOB

CODE LABEL         GST Code        NOTES - Description/ Explanation
INCOME                  
Income        GST if registered generally         - but could be ITS (eg Residential rent or interest  income)
Interest Income        ITS        Care re INP expenses
Fringe benefit reimbursements        GST !        Employee reimbursements re say car fringe benefits by 31 March A GST liability arises even if journalised.
EXPENSES :                  
Advertising         GST        newspaper adverts, brochures & other media
Accountancy         GST        professional fees for accounting
Bank Charges         N-T        Transaction fees but care as some bank service fees (eg merchant fees) include GST -check your statements
Bank -Merchant fees        GST        credit card merchant fees
Bookkeeping         GST        fees for bookkeeper if external
                  
Courier         GST        monies paid for document exchange & couriers
Commissions         GST, GNR  or QUE Care to ensure a TAx Invoice has been received !        commissions for work related expenses
Computer expenses         GST        Seek advice here !  Is an asset account label appropriate ? This item may cover :
                 
                1. Computer consumables -floppies, CDs labels -or label as stationery
                2. Software updates -but only if minor low cost seek advice here -40 % depreciation may apply - if so code as computer software fixed (depreciable) asset
                 
                 
                 
                 
Depreciation        N-T        Normally handled by Accountant - do not code any payments here -see Asset coding
Electricity         GST         electricity used for business
                  
Entertainment         Care  here as food may be FRE        NB May not be deductible unless FBT applies
                  
- Client        Restaurants GST        No portion allowable re  staff functions but not light lunches on premises -see staff amenities- This area is complicated. Seek professional advice !
                  
- Staff                   
Filing Fees          FRE        Lodgement fee for Government for Company documents eg. business names and Annual Return.
Fines (non-deductible)         NTD        fines relating to late payment for group tax or parking fines.
Fringe Benefits Tax paid to Deputy Commissioner of Taxation
NT        relating employee fringe benefits - use for quarterly instalments & final payment
Insurance         FRE        - disability
                 
                - sickness & accident
Insurance         GST        - public liability
                 
                - workers compensation
Interest expense         INP        either interest paid on overdraft per bank statements Car re interest income is a separate code see below
Lease expenses         GST or QUE care - do you have a Tax Invoice or are payments  N-T ?        leasing expenses for equipment- - may be subject to GST but check documentation
Motor Vehicle Expenses         GST except registration           - petrol
                 
                - insurance "green slip" now creditable
                 
                - registration  GST free  For help see : www.myob.com.au/support/notes/gst
                 
                - maintenance and repairs- lease expenses - may be subject to GST but check documents
Postage         GST        all monies paid for stamps, postage
Printing & Stationery         GST        all monies paid for printing and stationery, business cards etc.
Repairs & Maintenance         GST        repair of faulty equipment, eg. fixing switch on fax machine, mending broken chair, not purchasing new item of equipment.
Rent - office         GST if Landlord registered for GST  - care here ! code may be INP or NT if Landlord not registered for GST or 48.5 % withholding if no ABN !        all monies paid for leasing premises, rates & outgoing
Staff Amenities          FRE         Milk, coffee, sugar, -GST FREE.
Staff Amenities         GST or FRE depending upon tax invoice        GST Items include:  
                 
                1. Light lunches on premises (no alcohol)
                2. Toiletries (soap, tissues etc)
                 
                Note Tax invoices not required if less than $ 55 GST included
                 
                Care Re Difference between Entertainment and Staff Amenities !  Call for advice.
Seminars         GST        - registration
        GST        - out of pocket expenses
Subscriptions         GST        - Trade Associations
                 
                - Professional, Business or Trade Journals
                 
                - Loose-leaf  technical
Superannuation contributions         N-T        -Compulsory and optional employer contributions.
Sub-contractors         GST if subcontractor registered for GST  - Care here ! Code may be "GNR" if subee" has ABN but not registered for GST or 48.5 % withholding if subcontractor has no ABN !        Gross up for any  withholding.
Telephone         GST -but watch apportionment of Input tax credits for part busines items if sole trader enterprise.        - mobile
                 
                - office
                 
                - home
                 
                - internet
                 
                -pager
                    
Travel         GST        - Local, taxis & fares
          GST        - Interstate conferences
          FRE Care here         - Overseas travel
          GST        - Accommodation
Uniforms         GST        Care here as special rules apply for deductions for uniforms. Protective clothing is treated differently. Concessions may apply to laundry.
Wages         N-T        - employee wages - gross inclusive of PAYE tax.
Assets                    
Equipment        GCA        New items of equipment or furniture purchased for office -see Notes on Depreciation
                 
Computer Software licences                See above re computer expenses.

Hello Rachel,



How are you?  I am so glad to hear Scott got a AA job. It is always good for your health to hear good news in the morning. Congratulations on him.


I went to NAB Building which is very close to your office for a agent interview. The agent works for Page Personnel. He got my resume and asked me many questions about the Intern experience.


How you process the invoice? how many invoices you can process a day?  how you work as an AP,AR? how you process the payroll?


He didn't ask for details, but the rough idea of how you work.  To my surprise, he didn't ask me any questions about the behavior. I prepare much for those questions........ The agent just focus on my Intern AA experience, not asking any questions about the other job experience.


I told him I was seeking an AP, AR, AA and Payroll position.  AP and AA is preferred. He currently got an AP position, but he thought my incapable of handling high volume of invoices and told me he will find another job which suits me.


Above is my interview experience. I am still seeking a job. I know It will be a long term fight.


I modified my resume, and can you have a look at it. Anything inappropriate, can you modify it and send it back to me.


Pls find attached my resume.


Thank you very much. Have a nice day.


Best wishes,
Patrick

Hello Rachel

How are you?

did you have good chirstamas and new years holiday?

I hope you did!

Good news! I finally signed the contract and it's for 3 month probatioin again :(

But it's better than nothing :)


I'm very sorry for late contact, I moved to North of Brisbane (Nudgee Beach)

and try to settle down here..


Honestly, After I come home, I don't really want to look at computer ..

cos it reminds me of works hahahahaha


Have you heard from anyone of my classes?

I kind of keep contacting with Sonal.. she said she opend her shop at Capalaba.

but with rest of studetns I didn't contact them.. :(

I hope everyoone is good with their life.
  

anyway, please reply me when you can :)


Cheers
Mijin