Frequently asked questions

What is bookkeeping?

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.

What’s the difference between a bookkeeper and a BAS agent?

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 do I need a bookkeeper?

When you are operating a business and need to outsource assistance in the data entry and to keep you financially organised.

When do I need a BAS agent?

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 do I need an accountant?

When you need specific tax advice and the provisions for your situation. Or if you need advice and representation for dealings with the ATO.

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