Your trusted Partner in Bookkeeping & BAS Solutions
Whether you are starting up a new business, need someone to take over mountains of paperwork or struggle to keep up to date with ATO obligations, we can provide a fixed or tailored solution to meet the unique needs of your business.
With over 20 years of experience in bookkeeping and accounting, we are dedicated in providing professional, friendly services; and as TPB Registered BAS Agents we provide comprehensive support in managing your financial obligations, ensuring ATO compliance, and delivering clear insights into your business's financial health.
We are committed to making your bookkeeping experience seamless and stress-free.
Affordable quality bookkeeping that lets you focus on your business while we take care of the rest.
Understanding the difference between a BAS Agent & Bookkeeper
A guide for Australian Businesses…
What is a Bookkeeper?
A bookkeeper is primarily responsible for managing your business’s daily financial transactions. Their core duties typically include:
Recording Transactions: Keeping accurate records of all sales, expenses and financial activities
Managing Accounts: Overseeing accounts payable and receivable to ensure timely payments and collections
Reconciliation: Regularly reconciling bank statements with your financial records to ensure accuracy.
Financial Reporting: Preparing basic financial reports such as Profit & Loss Statements and Cash Flow Statements.
When to hire a Bookkeeper?
Consider hiring a bookkeeper if:
You need someone to manage your daily financial tasks.
You’re spending too much time on bookkeeping instead of focusing on growing your business.
You require assistance with basic financial reporting and record-keeping.
What is a BAS Agent?
A BAS Agent is a professional specifically trained to assist businesses with their GST & BAS obligations. They are registered with the Tax Practitioners Board (TPB) and must meet specific educational and ethical standards. Their responsibilities typically include:
GST & BAS Preparation: Assisting with the preparation of Business Activity Statements (BAS) and ensuring compliance with Goods and Services Tax (GST) regulations.
Lodging BAS: Ensuring your BAS is accurately completed and submitted on time.
Advising on GST: Providing guidance on GST registration and compliance, including identifying which sales and expenses are taxable.
Calculating GST: Helping you understand how much GST to collect from customers and how much you can claim as credits on purchases.
Compliance: Ensuring you meet al regulatory obligations regarding GST and BAS reporting.
When to hire a BAS Agent
Consider hiring a BAS Agent if:
Your business is registered for GST and you need assistance with your BAS preparation and lodgement.
You want to ensure compliance with GST regulations and minimize the risk of penalties.
You need expert advice on managing your GST obligations effectively.
At Desired Bookkeeping Solutions we are both BAS Agent and Bookkeepers - contact us to see how we can help you stay organized and ATO compliant.