XYZ & GPFR in Xero
How to use your system and prepare Tier 2 GPFR.
XYZ & GPFR In Xero Checklist
XYZ Model Financial Accounts & Checkpoint
GPFR Refresher
- What are the components of a complete set of GPFR IAS 1
- What is materiality
- What is fair presentation
- What is faithful representation
- What is professional judgement
- What is an accounting policy IAS 8
- Which accounting policy do I use
- Where do I review accounting standards
- What is an accounting estimate IAS 8
- What is fair value IFRS 13
- How do I calculate fair value
- What is an event after the reporting date IAS 10
- What needs to be in the Notes IAS 1
- What is a financial instrument IFRS9
- What do I do when I made a prior period error (restatement)
GPFR in Xero Set Up
- What Xero knowledge should I have
- Do I have the latest system updates
- Open 4 tabs for best Xero usage
- Stage 1 - Get the job set up
- Stage 2 - Add client information
- Stage 2 - Check mapping
- Stage 3 - Fix appropriations (optional)
- Stage 4 - Prepare & post extra journals
- Stage 5 - Finalise report information
- Stage 6 - Change some reports (optional) and publish
- Stage 7 - Amend report as per auditor
Use Your GPFR In Xero System
- How do I add operating profit
- How do I disclose dividends paid in Xero
- How to paste text into Xero text blocks and report fields
- How do I use the director changes field
- How do I manage date ranges and comparatives
- How do I add the directors meetings attended
- How do I disclose a trust and trustee structure
- How do I insert additional disclosures in Xero
- How do I add financial instruments in Xero
- How do I add a significant change in the state of affairs
- How do I reclassify expense accounts to equity
- How do I disclose the members guarantee for company limited by guarantee?
- How do I use "hide" function to improve my processes
- How to cut tracking process times by 50% using tracking in Xero
- How does currency work in Xero
- How do I map investments
- How do I add more reports
- Can I copy a published report
Structure
- How do I know if I am Tier 1 or Tier 2
- What are Tier 2 simplified disclosures (AASB 1060)
- Am I a private, public, listed or unlisted company
- How do I add a disclosure about who the parent or ultimate holding entity
- How do I add the entity type
- What is a company limited by guarantee
- How do I report for a registered club with Clubs Australia
- What are banks and insurance companies doing?
- Basis of preparation disclosure example ASX
- What is a reporting entity with ACNC
Revenue
- What is revenue IFRS 15
- How do I add a revenue recognition policy
- How to add a revenue recognition policy for AFS license (example)
- How to add a revenue recognition policy for construction entities and QBCC
- How do I disaggregate revenue in Xero
- Revenue Disaggregation Example AASB 1060
- Revenue Recognition Policy Example AASB 1060
- What is a contract cost asset or liability
Retentions, Receivables & Payables
Provisions & Employee Benefits
Inventory & Work In Progress
Intangible Assets
Related Parties & Key Management Personnel
- What is a related party IAS 124
- How do I make related party disclosures in Xero - using fields
- How do I make related party disclosures in Xero - using tables
- What are key management personnel IAS 124
- How do I make key management personnel disclosures in Xero - using fields
- How do I make key management personnel disclosures in Xero - using tables
- Key Management Personnel Example AASB 1060
Property, Plant & Equipment
Deferred Tax & Tax Effect Accounting
- What is deferred tax IAS 12
- How do I do deferred tax
- How do I record income tax expense in Xero
- How do I map deferred tax assets and liabilities
- How do I record deferred tax assets and liabilities in Xero
- GPFR Deferred tax worksheet with journals
- How do I add imputation credits in Xero
- Deferred Tax Example AASB 1060
- Does your company report income tax payable as a consolidated group to the ATO
Leases & Right Of Use Assets
- What are lease liabilities IFRS 16
- How do I map lease liabilities and right of use assets
- How do I add a disclosure on the lease (or no lease disclosure)
- How do I record right of use assets and lease liabilities in Xero
- GPFR Right of use asset & lease liabilities worksheet (with journals)
- Lease Liabilities Example AASB 1060
Cash Flow
- How to fix Xeros cash flow statement
- What about the cash flow statement IAS 7
- How manual journals impact Xeros cash flow statement
- How to drill down into Xeros cash flow statement
- How to use excel to fix Xeros cash flow statement
- How to use the custom cash flow statement in Xero (Best option)
- Using "Net Out" to Fix Xero's cash flow statement
Changes in Equity
Consolidated Financial Reporting
- How to do consolidated financial reporting in Xero
- How to consolidate your group before creating a Xero ledger
- How to do consolidated group reporting in Xero
- How to use Translucent & Xero For Consolidated Groups AASB 1060
- How to convert to AUD for consolidated groups
- How to add the list of subsidiaries to your group report
- Parent Entity Example AASB 1060
Audit & Lodgement
- Working with company auditors
- Find an auditor
- How do I add auditor remuneration in Xero
- How do add the audit reports in Xero
- What is RPA in audit
- What is a less complex entity (LCE) in audit
- Why are we losing company auditors
- How do I lodge an AFS license financial report with ASIC
- Does my foreign owned company need to report to ASIC
- How do I lodge a financial report with ASIC
- Auditor Remuneration Example AASB 1060