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XYZ & GPFR in Xero
- XYZ & GPFR In Xero Checklist
- XYZ Model Financial Accounts & Checkpoint
- GPFR Refresher
- GPFR in Xero Set Up
- Use Your GPFR In Xero System
- Structure
- Revenue
- Retentions, Receivables & Payables
- Provisions & Employee Benefits
- Inventory & Work In Progress
- Intangible Assets
- Related Parties & Key Management Personnel
- Property, Plant & Equipment
- Deferred Tax & Tax Effect Accounting
- Leases & Right Of Use Assets
- Cash Flow
- Changes in Equity
- Consolidations & Group Reporting
- Audit & Lodgement
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Example Reports
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AASB 1060 Tier 2 Resources
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Conversions, Guides, Systems & Checklists
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SPFR in Xero
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I want a GPFR prepared
QBCC Related Party Loans From An Entity
Q - What is required from a related entity, if there is a balance owed or owing?
A - All liabilities (including those owing to a related entity) must be disclosed and cannot be deducted.
A - If a licensee is owing an amount (asset) from a related entity, then it can only be included as an asset of the licensee if:
- That related entity has a current ratio of 1:1 and NTA of at least $0.
- To evidence this, it would be a balance sheet for the related entity for the same date as provided for the licensee’s financial statements.