Practical notes on bookkeeping, BAS and tax for people running a small business in Australia. Written in plain English, by someone who has to sign off on the numbers.
Most BAS problems are not accounting problems — they are timing problems. A business that spends an hour a week on its records never faces a quarter-end scramble. Here is the routine we set up for clients, and the specific order we run it in.
Read the guide →These are the claims that quietly disappear when nobody is checking the receipts folder. We list them, explain what evidence the ATO expects, and flag the ones that need a business purpose to be defensible.
Read the guide →A stale reconciliation is a bigger job than people expect, and most of the difficulty comes from doing it in the wrong order. We set out the sequence that gets a twelve-month backlog closed without losing a weekend or missing a discrepancy.
Read the guide →The BAS is a specific document with a specific purpose — and a lot of businesses are putting a great deal of unnecessary effort into it. We separate what must be in the BAS from what belongs in your regular reporting instead.
Read the guide →If your business runs on a spreadsheet, you already know it has grown messier than anyone admits. Five questions will tell you whether the numbers in it are reliable — and whether it is worth rebuilding or just needs tidying.
Read the guide →Every advisor has a view on this, and most of them have a financial interest. Here is the comparison as we present it: liability, admin burden, cost, and the point at which the decision genuinely changes.
Read the guide →Topics
The subjects our clients ask about most, and the ones where a mistake costs real money.
Good. The best time to sort your books is before the deadline. Book a free call and we will tell you what needs doing and when.