Yasong Li

• Xero Data Entry:

Process Invoices and Bills from client, including:

Enter Invoice&bill Details: Input the issue date, due date, and Xero can auto-generate the invoice number for traceability. Clearly list items, quantities, prices, and select the correct account

Account Selection: Select the correct account for each transaction. If the suitable account is not found, create a new account in the chart of accounts.

Apply Tax Codes: Select the correct tax code to ensure compliance with tax regulations. Carefully differentiate between GST and GST-free transactions, and be aware that some transactions may involve specific tax codes, such as the Wine Equalisation Tax (WET)

• Conducted monthly bank reconciliations with Xero:

Utilized Xero for automatic matching of bank transactions with general ledger entries.
Conducted manual searches in Xero for transactions that couldn't be auto-matched.
For transactions with no matches in Xero, created new entries as required.
Distinguished between personal and business transactions for BAS compliance.
Ensured comprehensive transaction accuracy and adherence to compliance through a meticulous process.

• Prepared ITRs for clients using Xero Tax

Collect Documents: Gather all business-related income and expense documents from the client. If any documents are missing, email the client to ensure all necessary files for the fiscal year are received.

Setup ITR in Xero Tax: Establish the ITR for the relevant financial year within Xero Tax.

Enter Income Details: Accurately documented all client income details, distinguishing revenue types such as personal service income from salary. Additionally, separately recorded income and expenditures directly related to personal service income.

Identify Deductions and Offsets: Assessed eligibility for deductible expenses and offsets to assist clients in minimizing their tax payable.

Medicare Levy and Insurance: Record information regarding the Medicare levy and any applicable private health insurance.

Achievement

• Conducted monthly bank reconciliations.
• Assisted with the preparation of budgets and forecasts.
• Processed accounts payable and receivable transactions.

• Prepared bank reconciliations, reviewed accounting records for accuracy.
• Input invoice and bill entries using Hubdoc, ensuring accurate transaction information in Xero.
• Organized and summarized client invoices and bills in Excel, differentiating between business and non-business transactions for each quarter.
• Managed income documentation for SMSF clients, ensuring all relevant transaction data was accurately entered into BGL.

• Greeted visitors and provided them with assistance.
• Answered incoming calls, took messages, and transferred calls to appropriate departments or personnel.
• Performed data entry tasks into various computer systems accurately and promptly.
• Managed and scheduled all client appointments, ensuring efficient time allocation and client satisfaction.

· Receiving visitors and delivering messages to staff

· Generated reports and draft letters in software