Bookkeeping today is not simply just data entry. Yes, it involves all that, but it definitely is so much more! A bookkeeper will look at the needs of the client and think about the processes within that business to produce the right results. A good Bookkeeper will think about the processes of the business and ask if they are the right processes and if there is room for improvement.
A bookkeeper provides a more general service in data entry and administration including system set up. A BAS agent is able to provide more service in regards to advice on how tax laws apply to business, but also designing a system and providing advice in regards to BAS provisions.
When you are operating a business and need to outsource assistance in the data entry and to keep you financially organised.
Once you earn $75,000 per year, you’ll need to register for GST and complete a quarterly BAS. When you have a need to outsource the preparation of your BAS or need advice on implementing systems in your business in relation to tax laws and GST.
When you need specific tax advice and the provisions for your situation. Or if you need advice and representation for dealings with the ATO.