Bookkeeping, BAS & Payroll

Keep your business records clear, current and organised.

Finance in Life provides practical bookkeeping, BAS and payroll support to help businesses maintain reliable records, manage recurring accounting responsibilities and keep the financial side of the business easier to understand.

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Accountant working with a calculator, laptop and financial documents

Practical accounting support for Australian businesses

Ongoing Business Accounting

Good financial records make everything else easier.

Bookkeeping sits behind many of the financial responsibilities a business needs to manage. Income, expenses, invoices, payments, payroll and bank activity all contribute to the accounting record of the business.

When those records are maintained consistently, BAS, business tax and financial reporting become easier to work through. Finance in Life can help create a clearer process for managing that information throughout the year.

What We Help With

Three connected areas of everyday business accounting.

The level of support required will depend on the business, its registrations, transaction volume and whether it employs staff.

Bookkeeping

Organise income, expenses, transactions and supporting records so the financial activity of the business remains easier to review and understand.

Accounting documents, laptop and calculator used for business reporting

BAS

Support with accounting information relevant to Business Activity Statements and the recurring reporting responsibilities of the business.

Business professionals reviewing records with a laptop and calculator

Payroll

Help maintaining an organised payroll process and the accounting information associated with paying employees.

Organised accounting workspace with laptop, calculator and business planning documents

Bookkeeping

Build the financial record behind your business.

Bookkeeping provides the underlying information used for reporting, business tax and understanding financial activity. Maintaining those records throughout the year can reduce the need to reconstruct transactions later.

Income & Expense Recording Keep business transactions recorded and organised within the accounting records.

Bank Reconciliation Compare accounting information with bank activity and identify inconsistencies or missing transactions.

Transaction Organisation Categorise financial activity so business records remain easier to understand and review.

Supporting Records Maintain accounting information that can support BAS, tax and wider financial reporting.

BAS & Payroll

Stay ahead of recurring business responsibilities.

BAS and payroll occur throughout the year rather than only at tax time. A consistent accounting process can make those obligations easier to manage.

Accounting checklist and financial documents used for business reporting

BAS Support

Business Activity Statement reporting depends on the registrations and circumstances of the business and the accounting information recorded during the period.

Review of accounting records relevant to BAS
GST-related information where applicable
Business income and expense records
PAYG-related information where relevant
Organisation of records before reporting

Business professional working with calculator, laptop and financial records

Payroll Support

Employing staff introduces regular payroll and record-keeping responsibilities. Keeping those processes consistent helps maintain clearer accounting records.

Payroll information and processing support
Employee payment records
PAYG withholding information
Payroll-related accounting records
Integration with wider bookkeeping activity

Keep Things Current

Avoid rebuilding months of financial activity at once.

When accounting records fall behind, reporting periods can become more difficult because transactions need to be traced, categorised and checked retrospectively. A more regular bookkeeping process can help reduce that pressure.

More organised records Keep financial information in a clearer structure throughout the year.

Easier reporting periods Reduce the amount of information that needs to be reconstructed before BAS or tax work.

Clearer business visibility Understand business activity using more current financial information.

Better connection with tax Maintain the records that later support business tax and other accounting work.

Professional calculating business finances using laptop and calculator

Connected Accounting Support

Good records support more than bookkeeping.

Bookkeeping information can feed into business tax, BAS reporting, GST obligations and wider business decisions. Finance in Life can also assist when your accounting needs extend beyond the day-to-day records.

How It Works

Build a more organised accounting routine.

The process can be adapted to the business and the level of support required, from organising existing records to maintaining an ongoing accounting workflow.

Review the current setup

Understand how the business currently records transactions and manages bookkeeping information.

Organise the records

Bring income, expenses, bank activity and other accounting information into a clearer structure.

Maintain the process

Keep bookkeeping and payroll activity more consistent throughout the reporting periods.

Support reporting

Use organised records to support BAS, business tax and other accounting work when required.

Bookkeeping, BAS & Payroll FAQs

Common questions about ongoing business accounting.

01 Why is bookkeeping important for a business?

Bookkeeping creates the accounting record behind many other financial responsibilities. Organised records can make it easier to review income and expenses, prepare reporting information and understand what is happening inside the business.

02 What information may be relevant when preparing BAS?

The information required depends on the business and its registrations. Accounting records relating to sales, purchases, GST and other relevant obligations may form part of the reporting process.

03 Can Finance in Life help if my bookkeeping is already behind?

The first step is to understand what records are available, which periods need attention and how the existing accounting information has been maintained. The work required to organise the records can then be identified.

04 Does payroll connect with bookkeeping?

Payroll activity forms part of the wider accounting records of a business. Keeping payroll information consistent with bookkeeping can help maintain a clearer overall financial record.

05 Can bookkeeping make business tax easier?

Organised accounting records can make it easier to identify business income, expenses and other information that may be relevant when business tax work is prepared.

General Information

Information on this page is general in nature. Bookkeeping, BAS, payroll and reporting requirements can differ depending on business structure, registrations, employees, transactions and the particular circumstances of the business.

Need Better Accounting Organisation?

Spend less time trying to untangle your business records.

Contact Finance in Life and tell us how you currently manage your bookkeeping, BAS or payroll and where you need support.