Finance, Tax & Accounting: page 2
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Received a business grant? Track conditions, cash and spending
Link a grant agreement, money received, eligible spending and reporting evidence in a practical ledger, with open tax questions recorded for your adviser.
3 min readBusiness insurance payout: organise the accounting evidence
Break an insurance settlement into components, match the bank receipt and replacement costs, and prepare the questions your accountant needs answered.
3 min readChanging accountants: hand over tax records and open questions
Transfer lodged returns, asset schedules, loss records and unfinished tax work with a practical handover matrix that confirms who owns each next obligation.
3 min readIs your tax reserve enough? Check savings against the bills
Compare your tax savings with estimated GST and income tax, check credits already allowed for, and find a shortfall before the payment date arrives.
3 min readLending money to your company: keep a clear funding record
Record personal money paid into your company, distinguish an agreed loan from capital or reimbursement, and keep repayments matched to the right balance.
3 min readPlatform income statements: match sales, fees and payouts
Reconcile a marketplace or gig-platform statement to sales, refunds, fees and bank payouts, with a worked bridge between calendar and financial-year totals.
3 min readPrepare for an ATO payment plan: records and cash capacity
Gather your ATO account details, outstanding lodgements and cash forecast, then test a proposed payment against new bills before asking for a payment plan.
3 min readHow to reconcile an ATO account statement with your books
Match ATO account entries to lodged liabilities, bank payments and transfers, then use a discrepancy log to explain balances that do not agree with your books.
3 min readAsset Register Template: Track Business Equipment
Keep each asset’s purchase, location, business use, book value, tax record and disposal evidence together in a practical register that you can copy.
3 min readBusiness Trip and Private Holiday: Organise the Costs
Build a mixed-purpose travel file with the itinerary, actual activities, accommodation and transport costs, keeping uncertain allocations for review.
3 min readDonation or Sponsorship? Keep the Right Payment Records
Record a community payment as it happened: recipient details, promised benefits, invoices and proof of payment, with gift and sponsorship checks kept apart.
2 min readLost a Business Receipt? Rebuild the Evidence File
Recover a missing business receipt, connect it to payment and job records, and keep an honest evidence register for your bookkeeper or tax agent.
3 min readSole Trader Meal Records: Lunch, Travel and Client Meals
Separate ordinary lunch, overnight travel meals and client entertainment in your records, with a practical worksheet for the facts your agent needs.
3 min readRepair or Improvement? Gather the Facts Before Coding It
Document an asset before and after work, separate invoice components and collect the evidence your adviser needs to assess repairs and improvements.
2 min readSelling or Scrapping Equipment: Close the Asset Records
Record the sale or scrapping of business equipment, reconcile proceeds and fees, and keep the documents needed to close its accounting and tax history.
3 min readBusiness Vehicle Records: Build a Logbook and Expense File
Organise vehicle journeys, odometer readings, private detours, running costs and ownership documents in one file before reviewing the claim method.
2 min readMulti-Product Break-Even: Use a Realistic Sales Mix
Calculate break-even for several products using a realistic sales basket. Compare two mixes, weighted contribution and the sales needed to cover fixed costs.
3 min readBuy or Lease Equipment: Compare the Total Commitment
Put purchase and lease proposals on the same timeline. Compare upfront cash, instalments, maintenance and end costs, with a checklist for unanswered terms.
3 min read