A timely reminder about record keeping

The ATO have produced a series of short videos on a range of subjects including one on record keeping. Yes, it’s boring stuff, however, it is extremely important to keep good records. This is not only for your benefit but also to satisfy the requirements of the tax office. You need to be able to substantiate all your income, expenses and GST if you are audited.

We can provide advice on the best way to keep your records, which can be kept in a number of ways and will depend on your preferences and circumstances.

The video talks about recording your transactions and completing your Business Activity Statements, and it’s worth noting that many small business owners simply don’t have the time or knowledge, which is where we come in!

Watch the short video below to learn more.

What our customers say

“Over the last 15 years Henny at Essential Bookkeeping Solutions has provided my business with exceptional practical and functional service and advice. During this time EBS has been instrumental in implementing cloud based accounting software, shown flexibility with online banking changes and is always happy to investigate the suitability of the latest products. Henny and her skills are integral to the smooth running of our company and to my peace of mind as a business owner. She is accepted as one of our core staff and is missed if we don't see her each week! Without hesitation I can highly recommend EBS's technical ability, bookkeeping skills and personable qualities.” — Fleur Harmelin, Director, Land's Edge NSW

“I cannot recommend Carly and Essential Bookkeeping Solutions highly enough. Not only are they professional, diligent and extremely efficient, but they are also very kind and friendly to deal with. It's great to know you are dealing with real people. Carly is always there for you, be it on the phone or at the click of a keyboard, and she always answers my endless questions thoroughly and extremely patiently. Essential Bookkeeping Solutions has literally saved my life. As anyone who runs a small business knows, it becomes all-consuming, frequently at the detriment of your lifestyle and health. However, Carly has now taken a tremendous weight off my shoulders and allowed me time to devote to the things that really matter in life. If you are hesitating about employing a bookkeeper, please don't. Just do it now. You will never regret it.” — Joeanne Katsikaros, The Grange Veterinary Clinic

“Access Scaffolding have been using Essential Bookkeeping since 2011. Henny and the team have always provided a professional and reliable service with the best possible outcome. Thanks to Essential Bookkeeping our company has had steady growth each year. We would recommend Essential Bookkeeping to any business.” — Daniel Boardman, Access Scaffolding (Sydney) Pty Ltd

“Henny Williams has been an invaluable asset to our business at Quest Apartment Hotels and has not only been meticulous in her attention to detail but provided recommendations on the efficiency of our business that are still paying dividends today. I highly recommend Henny and Essential Bookkeeping's services to any business.” — James Blanchett, Quest Nowra Apartments

“Essential Bookkeeping Solutions has been looking after my bookkeeping needs since being in business here in Australia since 2010. I cannot thank Henny and the team enough for their professional service excellence. I can highly recommend the team. I have been able to focus on training, development and customer service earning us multiple local and national awards during this time and I would not have been able to achieve this with my Skin Correctives team if I was bogged down with ongoing paperwork. Thank you girls!!!! You are one of my best investments.” — Karen Meiring de Gonzalez, Skin Correctives