Hats off to the admin professionals of the world!
Is the thought of admin giving you chills?
Were you surprised when you discovered just how much is involved in running a business? (if you are not surprised – you haven’t discovered all of your responsibilities yet).
Many small business owners are not aware of what documentation is required in their accounts department. You need a tax invoice for ALL expenses – your Amex statement is not sufficient to claim deductions &/or GST credits. And it needs to be kept in a legible format for years (come audit time faded receipts will cause you issues).
Payroll records need to be kept, really securely, for a heck of a long time. You need OH&S policies, employment contracts, workplace procedures, leave records, medical certificates…
Are you also storing job/client records?
Receiving a bunch of snail mail each day?
It all adds up to piles and piles of paper!
You might have professional admin support or be managing it all yourself.
Admin professionals are amazing at what they do, however they are no substitute for professional bookkeepers.
Bookkeeping is not just admin, it is no longer all about data entry and document storage – there are apps for that (followed by a shredder).
BAS agents are professional bookkeepers – they can help you:
- setup an accounting package to suit your business,
- they interpret GST treatment of expenses,
- they may help you manage your payroll and super obligations including end of year finalisations,
- and over the past 12 months they’ve helped you navigate government stimulus.
Legally, only a professional bookkeeper (BAS agent) can assist you with these tasks – there is a lot more to it than just admin!
