Keeping detailed financial records is not just good business, it’s the law. Here’s a guide to your financial reporting obligations in Australia.
Office Bookkeeping System
Thanks to accounting software and user-friendly, tax-related websites and apps, the process of financial record keeping is easier than ever. But it is still vital to understand exactly what records you need to keep, in what format and for how long. Financial year-end is the perfect time to clear out old records and get the ones you need to keep in order, or set up good record keeping for your new business venture.