In order to prepare for the next BAS you need to make sure you have all the right documents. We bookkeepers rely on your co-operation to get your work done faster (and therefore save you money!).
· The first and one of the most important things is to receive and keep your BAS form from the ATO. There are reference codes and numbers on the form that need to be stated and if you are manually lodging your BAS it must be the original form that is returned.
· You also need to make sure you keep all bank statements, including any personal accounts that you may have purchased any work related items from. These are a vital asset for bookkeepers and if you don’t supply them we won’t be able to reconcile your accounts, which means that the BAS you lodge may be incorrect. We also need your cheque books and deposit books.
· When paying for any bills or work related purchases write on the paperwork how you paid it and the date. This is vital for ease of data entry and will once again help your bookkeeper be more efficient.
· Try to keep your bank accounts simple and defined. If you have a specific business account try to use it only for business if you can – the less transactions your bookkeeper needs to enter, the faster they will be able to get your accounts finished.
All of these tips will save you time and money with your bookkeeper. Helping them as much you can helps you get accurate reports and information that you need to run your business more effectively.
Let us know if we can help you save time and money with your accountant by getting your books accurate and up to date. It’s what we do best!
