Disorganisation at tax time leads to missed deductions and unnecessary stress. The key is to make bookkeeping a regular habit.
Step-by-step Guide to Organised Records
1
Choose and stick with a reliable accounting system (e.g., Xero, QuickBooks, MYOB)
2
Create a chart of accounts tailored to your business
3
Connect bank feeds so transactions import daily
4
Automate coding with bank rules for regular expenses
5
Capture receipts instantly via your accounting app
6
Schedule a monthly "books close" session to reconcile accounts and check reports
7
Save quarterly BAS workpapers in a dedicated folder
8
At year-end, complete stocktakes, finalise payroll, and ensure all super is paid
9
Keep records for at least 5 years (digital storage is fine)
💡 Pro Tip
Book a recurring monthly "Books & BAS" slot in your calendar. Treat it like any other important business meeting.
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