GSA can assist you to prepare for your next BAS. To ensure you have all the correct documentation we rely on your co-operation. This enables us to get your bookkeeping done faster (and therefore saving you money!)

• The most important point is to receive and keep your BAS form from the Australian Taxation Office (ATO). Reference codes and numbers on the form are required to be stated. If you are manually lodging your BAS with the ATO, it must be the original form returned.
• Keep all bank statements, including any personal accounts that you may have purchased any work related items on. These are a vital asset for bookkeepers and if you don't supply them we won't be able to reconcile your accounts, which means the BAS you lodge may be incorrect. We also require your cheque books and deposit books.
• Normally you will receive a dated invoice/receipt when paying for bills or work related purchases, if not, write on the paperwork how you paid for the item and the purchase date. This is vital for ease of data entry and will once again help us to be more efficient.
• Try to keep your bank accounts simple and defined. You will save money by having a specific work related account. Not only will you save money on fees, but a streamlined and more efficient system means less bookkeeping and accounting fees.

These will save your business time and money with your bookkeeper and accountant. By working together, your business will get accurate reports and information that you need to run your business effectively.

Speak to GSA Account Management today for tips on personalising our service to your requirements.