Accounting & Bookkeeping Services in Australia
Australian businesses must maintain records compliant with Australian Accounting Standards (AASB) and the Corporations Act 2001, supporting ATO income tax returns, Business Activity Statements (BAS), and Single Touch Payroll (STP) reporting.
Australian businesses must maintain records compliant with Australian Accounting Standards (AASB) and the Corporations Act 2001, supporting ATO income tax returns, Business Activity Statements (BAS), and Single Touch Payroll (STP) reporting. Fintax Support Limited manages monthly bookkeeping in AUD on Xero, MYOB, and QuickBooks, reconciling accounts and coding transactions for GST (10%), PAYG withholding, and superannuation guarantee obligations. We prepare BAS reconciliation schedules and management accounts that feed directly into your annual ATO company tax return.
Regulatory Framework
The ATO requires businesses to retain records for five years from the date the record was prepared or the transaction completed. BAS must be lodged and paid by the due date (typically 28th of the month following the quarter). Employers must pay superannuation guarantee contributions at the legislated rate (11.5% from 2024-25) at least quarterly to employee super funds.
Our Accounting & Bookkeeping Services in Australia
ATO-Compliant Bookkeeping
Maintain bookkeeping records that meet Australian Taxation Office (ATO) substantiation requirements and support AASB financial reporting, BAS lodgement, and company tax returns. ATO-compliant bookkeeping is the foundation of GST, PAYG withholding, and superannuation guarantee compliance — we configure your records in Xero, MYOB, or QuickBooks so quarterly activity statements and annual returns flow without reconstruction.
ATO substantiation standards
Every transaction coded with supporting documentation meeting ATO record-keeping requirements for income and deductions.
Xero, MYOB & QuickBooks
Bookkeeping on Australia's leading cloud platforms with GST codes, PAYG tracking, and BAS-ready reporting built in.
Five-year record retention
Records retained per ATO requirements — five years from the date the record was prepared or the transaction completed.
BAS and tax return ready
Monthly close delivers trial balances that reconcile directly to BAS labels and company tax return schedules.
How It Works
Entity and compliance assessment
Review entity type, GST registration, PAYG withholding obligations, superannuation guarantee requirements, and AASB reporting needs.
Chart of accounts configuration
Set up AASB-aligned nominal codes with GST tax codes, PAYG categories, and super liability accounts in Xero or MYOB.
Ongoing compliant posting
Record transactions with correct GST treatment, expense substantiation, and digital storage of source documents.
Monthly close and BAS preparation
Reconcile accounts, review trial balance, and prepare BAS reconciliation schedules for quarterly lodgement.
Entity and compliance assessment
Review entity type, GST registration, PAYG withholding obligations, superannuation guarantee requirements, and AASB reporting needs.
Chart of accounts configuration
Set up AASB-aligned nominal codes with GST tax codes, PAYG categories, and super liability accounts in Xero or MYOB.
Ongoing compliant posting
Record transactions with correct GST treatment, expense substantiation, and digital storage of source documents.
Monthly close and BAS preparation
Reconcile accounts, review trial balance, and prepare BAS reconciliation schedules for quarterly lodgement.
The ATO requires businesses to keep records that explain all transactions relevant to tax affairs — including income, expenses, assets, and liabilities — for five years from when the record was prepared or the transaction completed, whichever is later. Our ATO-compliant bookkeeping service maintains accrual or cash-basis records under Australian Accounting Standards (AASB) in Xero, MYOB AccountRight, or QuickBooks Online with GST coded at 10% standard rate, GST-free, input-taxed, or export as applicable. Every purchase and sale is substantiated with invoices, receipts, or bank statements stored digitally for ATO audit defence. We reconcile bookkeeping to BAS labels — including 1A (GST on sales), 1B (GST on purchases), and G1 through G11 (total sales reporting fields) — so quarterly activity statements lodge accurately by the 28th following each quarter end. Businesses with GST turnover exceeding $20 million must lodge BAS monthly rather than quarterly. Clean ATO-compliant books reduce amendment requests, support instant asset write-off claims, and feed directly into your annual company tax return without year-end reconstruction.
Common Questions
BAS (Business Activity Statement) Preparation
Prepare and reconcile Business Activity Statements (BAS) for quarterly or monthly lodgement with the ATO, covering GST, PAYG withholding, PAYG instalments, and other activity statement obligations. BAS preparation maps bookkeeping data to ATO labels — 1A, 1B, W1, W2, and G1 through G11 — and ensures lodgement by the 28th of the month following each reporting period.
BAS label reconciliation
Labels 1A, 1B, G1–G11, W1, and W2 reconciled from Xero or MYOB to ATO activity statement fields.
Quarterly 28th deadline
BAS lodged by the 28th following each quarter end — monthly lodgement for businesses with GST turnover above $20 million.
GST net amount calculation
Label 1A minus 1B reconciled to net GST payable or refundable with variance investigation before lodgement.
PAYG withholding included
PAYG tax withheld from employee wages reported on W1 and W2 labels alongside GST obligations.
How It Works
Reporting period close
Complete month-end reconciliations and ensure all transactions for the BAS quarter or month are posted and coded.
BAS label mapping
Extract GST on sales (1A), GST on purchases (1B), total sales (G1–G11), and PAYG withholding (W1, W2) from bookkeeping software.
Reconciliation and review
Reconcile BAS figures to trial balance GST control accounts and PAYG withholding liability with variance resolution.
Lodgement and payment
Lodge BAS via ATO Business Portal or tax agent channel and confirm GST and PAYG payment by the due date.
Reporting period close
Complete month-end reconciliations and ensure all transactions for the BAS quarter or month are posted and coded.
BAS label mapping
Extract GST on sales (1A), GST on purchases (1B), total sales (G1–G11), and PAYG withholding (W1, W2) from bookkeeping software.
Reconciliation and review
Reconcile BAS figures to trial balance GST control accounts and PAYG withholding liability with variance resolution.
Lodgement and payment
Lodge BAS via ATO Business Portal or tax agent channel and confirm GST and PAYG payment by the due date.
The Business Activity Statement (BAS) is the primary ATO lodgement for GST-registered businesses, reporting GST collected and paid, PAYG tax withheld from employees, PAYG income tax instalments, and other tax obligations on a single form. Most businesses lodge quarterly with payment and lodgement due on the 28th of the month following the quarter end — for example, the September quarter BAS is due 28 October. Businesses with GST turnover exceeding $20 million must lodge monthly. Key BAS labels include 1A (GST on sales), 1B (GST on purchases), G1 (total sales), G2 through G11 (sales breakdown by GST treatment), W1 (total salary and wages), and W2 (PAYG tax withheld). We prepare BAS from reconciled Xero or MYOB data, investigating variances between bookkeeping GST control accounts and BAS label totals before lodgement. Late BAS lodgement triggers ATO general interest charge (GIC) on unpaid amounts and may affect your compliance history for future ATO interactions.
Common Questions
GST Tracking & Input Tax Credit Management
Track GST collected on taxable supplies and input tax credits (ITCs) on business purchases with reconciled control accounts that match BAS labels 1A and 1B. Proper GST tracking ensures you claim only eligible ITCs — purchases must relate to taxable or GST-free enterprise activities with valid tax invoices — and avoids ATO adjustments that trigger penalties and general interest charge.
ITC eligibility coding
Purchases coded as fully claimable, partially restricted, or non-claimable per ATO GST credit rules and tax invoice requirements.
BAS label 1A and 1B alignment
GST on sales and purchases reconciled to labels 1A and 1B before each BAS lodgement.
Tax invoice validation
Supplier invoices checked for ATO tax invoice requirements before ITCs are claimed on BAS.
GST control account
Running GST liability balance tracked monthly and reconciled to ATO net GST position each quarter.
How It Works
GST registration and code setup
Configure GST tax codes in Xero or MYOB for standard 10%, GST-free, input-taxed, export, and capital acquisitions.
Transaction coding and validation
Code sales and purchases with correct GST treatment and validate tax invoices meet ATO substantiation requirements.
Monthly GST reconciliation
Reconcile GST collected and ITCs claimed to control accounts and investigate uncoded or misclassified transactions.
BAS label preparation
Extract label 1A and 1B figures with supporting schedules for BAS lodgement and ATO audit defence.
GST registration and code setup
Configure GST tax codes in Xero or MYOB for standard 10%, GST-free, input-taxed, export, and capital acquisitions.
Transaction coding and validation
Code sales and purchases with correct GST treatment and validate tax invoices meet ATO substantiation requirements.
Monthly GST reconciliation
Reconcile GST collected and ITCs claimed to control accounts and investigate uncoded or misclassified transactions.
BAS label preparation
Extract label 1A and 1B figures with supporting schedules for BAS lodgement and ATO audit defence.
Australia's GST is a 10% consumption tax on most goods and services. Registered businesses charge GST on taxable supplies (label 1A) and claim input tax credits on creditable acquisitions (label 1B), remitting the net amount on each BAS. ITC claims require valid tax invoices — for purchases of $1,000 or more (including GST), invoices must include the supplier's ABN, issue date, GST amount, and description. Purchases for private use, input-taxed supplies (residential rent, financial services), or without valid documentation do not qualify for ITCs. We maintain GST control accounts in Xero or MYOB reconciled monthly to BAS labels, with G1 through G11 sales breakdowns supporting total sales reporting. Mixed enterprise businesses apportion ITCs where purchases relate to both taxable and non-taxable activities. ATO data matching compares BAS GST figures to industry benchmarks — significant variances trigger review letters. Accurate GST tracking from source transaction to BAS label reduces amendment requests and protects ITC claims during ATO compliance activity.
Common Questions
PAYG Withholding Reconciliation
Reconcile PAYG tax withheld from employee wages, contractor payments, and other withholdable amounts against BAS labels W1 and W2 and the annual PAYG withholding summary. PAYG withholding reconciliation ensures amounts reported to the ATO match Single Touch Payroll (STP) data and payroll records — discrepancies trigger ATO employee matching notices and penalty assessments.
STP and BAS alignment
PAYG withholding reconciled between STP payroll reports, payroll journals, and BAS W1/W2 labels each quarter.
Annual withholding summary
PAYG payment summary data reconciled to payroll records for employee end-of-year tax return matching.
Contractor withholding checks
Voluntary and mandatory PAYG withholding on contractor payments tracked where no ABN is quoted.
ATO matching defence
Reconciled W1 and W2 figures prevent ATO data-matching discrepancies with employee tax returns.
How It Works
Payroll data extraction
Extract gross wages, allowances, and PAYG withheld from STP-enabled payroll in Xero, MYOB, or dedicated payroll software.
BAS W1 and W2 preparation
Map payroll totals to BAS label W1 (total salary, wages, and other payments) and W2 (amounts withheld).
Quarterly reconciliation
Reconcile PAYG withholding liability account to cumulative W2 amounts and ATO payment records.
Annual summary reconciliation
Reconcile year-end PAYG payment summaries to annual W1/W2 totals and finalise STP end-of-year reporting.
Payroll data extraction
Extract gross wages, allowances, and PAYG withheld from STP-enabled payroll in Xero, MYOB, or dedicated payroll software.
BAS W1 and W2 preparation
Map payroll totals to BAS label W1 (total salary, wages, and other payments) and W2 (amounts withheld).
Quarterly reconciliation
Reconcile PAYG withholding liability account to cumulative W2 amounts and ATO payment records.
Annual summary reconciliation
Reconcile year-end PAYG payment summaries to annual W1/W2 totals and finalise STP end-of-year reporting.
Employers must withhold PAYG tax from employee wages and report amounts on each BAS — label W1 for total salary, wages, and other payments, and label W2 for tax withheld. Since Single Touch Payroll (STP) Phase 2, payroll data is reported to the ATO each pay run, and the ATO matches W2 figures against employee tax returns automatically. We reconcile PAYG withholding between payroll software, general ledger liability accounts, and BAS labels each quarter. Contractor payments without a valid ABN may require PAYG withholding at 47% under the no-ABN quoting rule. At year-end, PAYG payment summary (now largely replaced by STP income statements) data must reconcile to cumulative W1 and W2 reported on BAS throughout the year. Discrepancies between STP reports and BAS labels are a common ATO review trigger. We also reconcile superannuation guarantee contributions reported through STP against actual super fund payments to ensure payroll compliance across all employment tax obligations.
Common Questions
Superannuation Liability Tracking
Track superannuation guarantee (SG) liabilities at the legislated rate — 11.5% for the 2024–25 financial year rising to 12% from 1 July 2025 — and ensure contributions reach employee super funds within 28 days of each quarter end. Super liability tracking reconciles payroll SG calculations to fund payments and STP reporting, avoiding Superannuation Guarantee Charge (SGC) penalties that include the shortfall amount plus interest and an administration fee.
SG rate compliance
Super calculated at 11.5% for 2024–25 on ordinary time earnings, increasing to 12% from 1 July 2025.
Quarterly 28-day deadline
Super contributions paid to employee funds within 28 days of each quarter end to avoid SGC penalties.
SGC penalty avoidance
Late or missed super triggers SGC — shortfall plus 10% interest and $20 per employee per quarter admin fee.
STP super reconciliation
SG liabilities reconciled between payroll, STP reports, super fund payments, and general ledger each quarter.
How It Works
SG rate and eligibility setup
Configure payroll with current SG rate on ordinary time earnings for all eligible employees in Xero or MYOB.
Quarterly liability calculation
Calculate SG payable per employee based on OTE and reconcile to payroll super accrual accounts.
Super fund payment processing
Process contributions via SuperStream to employee nominated funds before the 28-day quarterly deadline.
Reconciliation and STP reporting
Reconcile super paid to STP superannuation fields and general ledger liability accounts each quarter.
SG rate and eligibility setup
Configure payroll with current SG rate on ordinary time earnings for all eligible employees in Xero or MYOB.
Quarterly liability calculation
Calculate SG payable per employee based on OTE and reconcile to payroll super accrual accounts.
Super fund payment processing
Process contributions via SuperStream to employee nominated funds before the 28-day quarterly deadline.
Reconciliation and STP reporting
Reconcile super paid to STP superannuation fields and general ledger liability accounts each quarter.
Employers must pay superannuation guarantee contributions for eligible employees at the legislated rate on ordinary time earnings (OTE). The SG rate is 11.5% for the 2024–25 financial year and increases to 12% from 1 July 2025. Contributions must reach the employee's nominated super fund within 28 days of the end of each quarter — 28 January, 28 April, 28 July, and 28 October. Late or unpaid super triggers the Superannuation Guarantee Charge (SGC), comprising the super shortfall, interest of 10% per annum, and an administration fee of $20 per employee per quarter. SGC amounts are not tax-deductible and must be reported to the ATO via the SGC statement. We track SG liabilities in payroll and general ledger accounts, process SuperStream payments through Xero or MYOB integrated clearing houses, and reconcile super reported through STP against actual fund payments. Salary sacrifice arrangements and maximum contribution base limits are monitored to ensure compliance with both SG obligations and employee contribution caps.
Common Questions
Bank & Credit Card Reconciliation
Match every business bank and credit card transaction to your nominal ledger so books reflect actual cash positions and ATO records stay substantiated. Monthly reconciliation is the foundation of ATO-compliant bookkeeping — unreconciled accounts undermine BAS accuracy, company tax returns, and trigger ATO review when reported income does not match bank data matching.
All accounts reconciled
Business transaction accounts, savings, credit cards, and merchant facilities matched to nominal ledger monthly.
Bank feed integration
Open banking feeds connected to Xero or MYOB for contemporaneous transaction import and coding.
ATO substantiation
Reconciled bank records satisfy ATO record-keeping requirements linking income and expenses to source documents.
Timing difference resolution
Outstanding cheques, deposits in transit, and payment processor holdbacks tracked to clearance each period.
How It Works
Account inventory and feed setup
Catalog all business accounts and establish bank feeds into Xero, MYOB, or QuickBooks for automated import.
Transaction matching
Match each bank and card line to posted nominal entries, identifying unmatched items for investigation.
Discrepancy resolution
Correct duplicates, missing entries, and misclassified transactions with business owner approval where needed.
Reconciliation sign-off
Finalise reconciliation reports showing bank balance equals book balance for each account each month.
Account inventory and feed setup
Catalog all business accounts and establish bank feeds into Xero, MYOB, or QuickBooks for automated import.
Transaction matching
Match each bank and card line to posted nominal entries, identifying unmatched items for investigation.
Discrepancy resolution
Correct duplicates, missing entries, and misclassified transactions with business owner approval where needed.
Reconciliation sign-off
Finalise reconciliation reports showing bank balance equals book balance for each account each month.
The ATO expects business records to accurately reflect all income and expenses — bank reconciliation is the primary control demonstrating this. We reconcile all Australian business accounts monthly, matching cleared transactions to nominal ledger entries in Xero, MYOB, or QuickBooks. Bank feeds from Commonwealth Bank, NAB, Westpac, ANZ, and regional banks import transactions contemporaneously, supporting ATO expectations that records are maintained as transactions occur rather than reconstructed at year-end. For businesses using Stripe, PayPal, Square, or Shopify Payments, we reconcile processor payouts against bank deposits ensuring gross revenue, merchant fees, and GST are correctly separated for BAS labels 1A and G1. Unreconciled accounts delay year-end financial statements and company tax return preparation — the ATO's data matching program compares reported income to bank transaction data from financial institutions. Clean monthly reconciliations reduce ATO review risk and ensure BAS GST figures reflect actual business activity.
Common Questions
Year-End Financial Statements
Prepare year-end financial statements under AASB standards for director approval, ASIC filing where required, and attachment to your ATO company tax return. Year-end preparation includes adjusting entries, depreciation, accruals, and disclosures appropriate to your entity size — proprietary companies may prepare simplified financial reports while larger entities require full AASB-compliant statements.
AASB-compliant statements
Statement of profit or loss, balance sheet, and notes prepared under applicable Australian Accounting Standards.
Adjusting journal entries
Year-end accruals, prepayments, depreciation, stock, and deferred revenue adjustments posted before finalisation.
Tax return alignment
Financial statements reconciled to company tax return with tax-effect accounting for temporary differences.
Deadline management
Company tax return due date tracked — typically 15 May following year-end for lodgement through a tax agent.
How It Works
Pre-close review
Review trial balance, bank reconciliations, and BAS history for miscodings, missing documentation, and unreconciled items.
Adjusting entries and disclosures
Post accruals, depreciation, stock valuations, and deferred items with AASB-compliant note disclosures.
Director review and approval
Present draft financial statements to directors for review and formal approval before tax return preparation.
Tax return and ASIC coordination
Deliver final statements to your tax agent for company return lodgement and ASIC annual review where applicable.
Pre-close review
Review trial balance, bank reconciliations, and BAS history for miscodings, missing documentation, and unreconciled items.
Adjusting entries and disclosures
Post accruals, depreciation, stock valuations, and deferred items with AASB-compliant note disclosures.
Director review and approval
Present draft financial statements to directors for review and formal approval before tax return preparation.
Tax return and ASIC coordination
Deliver final statements to your tax agent for company return lodgement and ASIC annual review where applicable.
Australian proprietary companies prepare financial statements under Australian Accounting Standards (AASB), which are largely converged with IFRS. Small proprietary companies may prepare simplified financial reports for internal use and ASIC, while larger entities require full compliance with AASB presentation and disclosure requirements. We post all year-end adjusting entries — accruals, prepayments, depreciation, stock valuations, bad debts, and deferred revenue — and prepare the statement of profit or loss, statement of financial position, and required notes. Financial statements feed directly into the ATO company tax return, with reconciliations between accounting profit and taxable income for non-deductible expenses, instant asset write-offs, and R&D tax incentive claims. Company tax returns lodged through a registered tax agent are generally due by 15 May following the 30 June year-end (or the extended due date for your agent's lodgement program). Records supporting financial statements must be retained for five years per ATO requirements. We coordinate year-end preparation with BAS history and STP payroll data so tax return figures reconcile to activity statements lodged throughout the year.
Common Questions
Xero / MYOB / QuickBooks Setup
Configure the right Australian cloud accounting platform with AASB-aligned chart of accounts, GST tax codes, bank feeds, STP payroll integration, and BAS reporting from day one. Xero dominates the Australian market with native BAS preparation and STP payroll — we also implement MYOB AccountRight and QuickBooks Online based on your industry, payroll complexity, and integration needs.
Australian platform setup
Xero, MYOB, or QuickBooks configured for Australian GST, BAS labels, PAYG, and superannuation from day one.
AASB chart of accounts
Nominal codes mapped to financial statement lines, BAS labels, and company tax return schedules.
Bank feed integration
Open banking connections to Australian banks and payment processors for automated transaction import.
STP payroll configuration
Payroll set up with STP Phase 2 reporting, superannuation funds, and PAYG withholding tables.
How It Works
Platform selection
Recommend Xero, MYOB, or QuickBooks based on turnover, payroll headcount, inventory needs, and integrations.
Instance configuration
Set up organisation details, GST registration, financial year, tax codes, nominal structure, and STP registration.
Migration and integration
Migrate opening balances from spreadsheets or prior software and connect bank feeds, payroll, and apps.
Training and handoff
Train your team on invoicing, expenses, bank reconciliation, BAS preparation, and payroll workflows.
Platform selection
Recommend Xero, MYOB, or QuickBooks based on turnover, payroll headcount, inventory needs, and integrations.
Instance configuration
Set up organisation details, GST registration, financial year, tax codes, nominal structure, and STP registration.
Migration and integration
Migrate opening balances from spreadsheets or prior software and connect bank feeds, payroll, and apps.
Training and handoff
Train your team on invoicing, expenses, bank reconciliation, BAS preparation, and payroll workflows.
Xero is the leading Australian small business accounting platform with native BAS preparation mapping to labels 1A, 1B, G1–G11, W1, and W2, integrated STP Phase 2 payroll, and SuperStream super payments. MYOB AccountRight and Essentials remain popular for businesses with established MYOB workflows, inventory requirements, or desktop-to-cloud migration needs. QuickBooks Online offers equivalent Australian GST and BAS functionality with growing app ecosystem integration. We configure GST tax codes (standard 10%, GST-free, input-taxed, export), PAYG withholding categories, superannuation guarantee at the current legislated rate, and nominal codes aligned to AASB reporting categories. Migration from spreadsheets, MYOB Desktop, or Reckon includes opening balance validation against prior-year financial statements or tax returns. STP registration links payroll to the ATO for real-time reporting. Bank feeds from all major Australian institutions create contemporaneous records satisfying ATO substantiation expectations from day one.
Common Questions
eCommerce Bookkeeping
Reconcile multi-channel eCommerce revenue from Shopify, Amazon Australia, WooCommerce, and payment processors against bank deposits with correct 10% GST treatment. Australian eCommerce bookkeeping handles platform fees, refunds, GST on low-value imported goods, and marketplace facilitator rules — we specialise in reconciliations that satisfy BAS labels 1A and G1 and support year-end financial statements.
Shopify & WooCommerce sync
Order data, refunds, and payment fees imported into Xero or MYOB with correct GST coding per line item.
Payment processor reconciliation
Stripe, PayPal, Afterpay, and Square settlements matched to bank deposits with fee and GST separation.
Cross-border GST treatment
Export sales (GST-free), domestic B2C, and marketplace GST obligations coded for correct BAS reporting.
Multi-channel COGS tracking
Cost of goods sold and inventory aligned to channel revenue for accurate gross margin reporting.
How It Works
Channel and processor mapping
Catalog selling channels, payment processors, fee structures, and GST obligations by product and destination.
Integration setup
Connect A2X, Link My Books, or native Shopify/WooCommerce integrations to import settlements into Xero or MYOB.
Monthly settlement reconciliation
Reconcile gross sales, platform fees, refunds, and GST by channel against bank deposits each month.
BAS and financial reporting
Deliver BAS-ready GST reports and reconciled P&L for quarterly lodgement and year-end financial statements.
Channel and processor mapping
Catalog selling channels, payment processors, fee structures, and GST obligations by product and destination.
Integration setup
Connect A2X, Link My Books, or native Shopify/WooCommerce integrations to import settlements into Xero or MYOB.
Monthly settlement reconciliation
Reconcile gross sales, platform fees, refunds, and GST by channel against bank deposits each month.
BAS and financial reporting
Deliver BAS-ready GST reports and reconciled P&L for quarterly lodgement and year-end financial statements.
Australian eCommerce businesses face bookkeeping complexity from Shopify Payments batches, Amazon Australia disbursements, Stripe and PayPal payouts, and Afterpay settlement schedules — each with different fee structures and timing. GST at 10% must be applied correctly on domestic sales (BAS label 1A), while export sales are generally GST-free. Online marketplaces may collect and remit GST on behalf of sellers under marketplace facilitator rules, requiring careful coding to avoid double-reporting on BAS. Tools like A2X and Link My Books automate settlement imports into Xero with GST split by line item, posting gross revenue, merchant fees, and refunds separately. We reconcile net bank deposits to platform settlement reports each month, ensuring G1 total sales and 1A GST on sales reflect actual business activity. Multi-channel inventory and COGS tracking supports gross margin analysis and year-end stock valuation under AASB. Clean eCommerce bookkeeping reduces ATO data-matching discrepancies between reported income and payment processor records.
Common Questions
Outsourced CFO Services
Access strategic CFO-level financial leadership — cash flow forecasting, KPI dashboards, BAS and tax coordination, and board-ready reporting — without hiring a full-time executive. Outsourced CFO services give Australian SMEs controller-level oversight for bank covenants, investor due diligence, and ATO compliance from a single partner managing bookkeeping through to year-end financial statements.
Full finance function
Bookkeeping, BAS, payroll coordination, super tracking, and management reporting under one outsourced team.
CFO-level reporting
13-week cash flow, budget variance, and KPI dashboards for Australian board and investor packages.
ATO compliance oversight
BAS, STP, superannuation, and company tax return deadlines monitored with proactive lodgement calendar.
Growth and funding support
Financial packages prepared for Australian bank lending, investor due diligence, and R&D tax incentive claims.
How It Works
Finance function assessment
Review current team, Xero or MYOB setup, ATO compliance gaps, and reporting needs against outsourced scope.
Service design and onboarding
Define bookkeeping, BAS, payroll, super, and CFO advisory scope with clear deliverables and service levels.
Monthly finance cycle delivery
Execute bookkeeping, reconciliation, management accounts, and BAS preparation each reporting period.
Strategic review and year-end
Quarterly CFO reviews, year-end financial statement coordination, and company tax return handoff to tax agents.
Finance function assessment
Review current team, Xero or MYOB setup, ATO compliance gaps, and reporting needs against outsourced scope.
Service design and onboarding
Define bookkeeping, BAS, payroll, super, and CFO advisory scope with clear deliverables and service levels.
Monthly finance cycle delivery
Execute bookkeeping, reconciliation, management accounts, and BAS preparation each reporting period.
Strategic review and year-end
Quarterly CFO reviews, year-end financial statement coordination, and company tax return handoff to tax agents.
Australian SMEs often outgrow founder-managed spreadsheets but cannot justify a full finance team of bookkeeper, management accountant, and CFO. Our outsourced CFO service provides the complete function: ATO-compliant bookkeeping in Xero or MYOB, monthly management accounts under AASB, quarterly BAS lodgement with labels 1A, 1B, G1–G11, W1, and W2 reconciled, STP payroll coordination, and superannuation guarantee tracking at the legislated rate with quarterly 28-day payment monitoring. CFO-level services add 13-week cash flow forecasting, budget versus actual variance analysis, company tax provision tracking, and board-ready reporting packages. We monitor BAS due dates (28th following quarter end), superannuation payment deadlines (28 days after quarter end), and company tax return lodgement through your registered tax agent. Financial packages support Australian bank covenant reporting, investor due diligence, and R&D Tax Incentive documentation under ATO registration requirements. Outsourced CFO services deliver senior financial leadership at a fraction of in-house executive cost.
Common Questions
Frequently Asked Questions
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