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Advice on best bookkeeping method-small business
$50
Richmond SA 5033, Australia
1st Jun 2021
Adelaide ONLY please. I am semi-retired. I work part time as a self employed consultant. I need advice and guidance on the most cost effective (for me, not for the accountant!) way to get my bookwork done so that my BAS and my quarterly tax returns can be done accurately and efficiently. I am considering using a simple excel spreadsheet to enter all the details from my credit card into so that someone can complete my BAS and my quarterly returns and so that my accountant can then prepare my yearly tax return. My previous book keeper has recommended reconciling everything via Xero but it seems excessively expensive. A friend had recommended MYOB. I need to keep it cost effective for me, as well as accurate for my accountant.