Understanding Bookkeeping and Records
Record keeping might be intimidating if you are new to business or have not been taught in fundamental bookkeeping skills. Many business owners fail to follow best-practice guidelines and hence operate their operations blindly. With the ATO’s severe record-keeping rules, it’s critical to learn how to stay compliant. With good bookkeeping systems, you will be able to create vital company reports that can assist you in making better financial decisions and give greater visibility on how your organization is tracking.
Eligibility
Understanding Bookkeeping and Records workshop is suitable for anyone new to business or anyone already in business but wants to gain a better understanding of best practice record keeping.
Benefits
The main topics covered in this workshop are:
- ATO record keeping requirements
- How to record business transactions
- An overview of the profit and loss and balance sheet reports
- A review of the different types of accounting software available
- Options for document storage including electronic options and apps
- Tips to set up a productive office/admin area
Application process
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Fee information: A$20