Will your accounting software handle the GST changes on 1 October?
Because there have been no GST changes for over 20 years, the GST rate is hard-coded into many software programs. They simply haven’t been designed to allow for changes to GST.
Updating systems can be a costly exercise. What settings will have to be changed? Who will make the changes? And will you need new hardware to handle it?
Each situation is different, but the costs for your business could be purchasing and installing an upgrade, hiring a software developer or even buying a whole new accounting system.
Upgrades are expensive, plus they’re a real hassle to install.
You may be wondering what this means to you.
Well, the news is all good. Smart and Xero can take care of all the heavy lifting for you while you get on with more important things. This is a great example of the power of outsourced accounting and online software – you get to enjoy all the benefits of someone doing the work for you alongside automagical GST changes in your accounting system without having to install any updates.
So sit back, relax and ask us how we’ll make the increase in GST a wee bit less painful. Click here to enquire
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