Starting off on the right foot

Starting a new business venture is a major operation and you need all the assistance you can get.

One important aspect of this is making sure your accounting records are setup appropriately so that you can capture the important financial details while you are operating your new business.

This not only means creating appropriate accounts to hold certain information but also using the correct GST codes to make the preparation of your BAS report easier (and cheaper). You should also make sure you capture appropriate information about your payments (cheques, credit card and direct debits) and receipts (invoices, pay-in books and receipts). Log books should be used to show what business use was made of vehicles and the percentage of expenses that were business rather than private use.

Jim's Bookkeepers will make themselves available to go through these and other issues in a 2-3 hour consultation in your home. By creating the correct business records at the beginning of your business operations you will save yourself hours of work and unnecessary expense.