<div dir="ltr">Ok great.<div>Thanks for reminding me.</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, 7 Apr 2021 at 21:20, Alex Leith <<a href="mailto:alexgleith@gmail.com">alexgleith@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr">Hey Ed<div><br></div><div>Yep, that's my understanding about the GST threshold in NZ too.</div><div><br></div><div>We don't keep money in NZD, only AUD. We can keep money in Transferwise, but it's been agreed that it's not a good idea to treat it as a long or even medium term storage place.</div><div><br></div><div>So all our cash is in ANZ.</div><div><br></div><div>Cheers,</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, 8 Apr 2021 at 14:06, Edoardo Neerhut <<a href="mailto:eneerhut@gmail.com" target="_blank">eneerhut@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr">Thanks Alex.<div>Did a quick Google. Is the threshold you're talking about $60,000 NZD?</div><div><br></div><div>Also, what amount of NZD do we usually keep on hand?</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, 7 Apr 2021 at 16:47, Emma Hain <<a href="mailto:emmahain@gmail.com" target="_blank">emmahain@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr">Thanks Alex<br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Apr 7, 2021 at 3:55 PM Alex Leith <<a href="mailto:alexgleith@gmail.com" target="_blank">alexgleith@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr">Hey Folks<div><br></div><div>I have made a change to some transactions, and wanted to note them down for the record.</div><div><br></div><div>I used this query: <a href="https://go.xero.com/Accounts/Recoding/Recode/?recodeHistoryId=8ceadfba-43da-4de3-9b87-5d5e90ef8888" target="_blank">https://go.xero.com/Accounts/Recoding/Recode/?recodeHistoryId=8ceadfba-43da-4de3-9b87-5d5e90ef8888</a> in Xero to identify a group of transactions that roughly adds up to the amount of money we received from the Auckland Hub ticket sales. Transactions are in the image below.</div><div><br></div><div><img src="cid:ii_kn70q3pg0" alt="image.png" width="542" height="181" style="outline: 0px;"><br><div><br></div><div>We received $1543.61 NZD after fees, which is around $1420 AUD.</div><div><br></div><div><img src="cid:ii_kn70sd3h1" alt="image.png" width="542" height="464" style="outline: 0px;"><br></div><div><br></div><div>Since these transactions were for services provided in NZ, we don't need to collect Australian GST, so we didn't. And because we're under the threshold in NZ, we don't need to collect NZ GST, and we didn't. So we just need to correctly account for this, so that we don't send GST $ to the Australian government. So that's what I've changed. So I have changed the transactions to be GST Free.</div><div><br></div><div>Let me know if you have any questions or concerns.</div><div><br></div><div>Cheers,</div></div><div><br></div>-- <br><div dir="ltr"><div dir="ltr"><div>Alex Leith<br></div>m: 0419189050</div></div></div>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr"><div dir="ltr"><div>Alex Leith<br></div>m: 0419189050</div></div>
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