Hello All,
Business is picking up so i thought i better get cracking on the books.
I have had a look at xero sassu, myob, quick book etc and am overwhelmed by them so i thought i would go back to basic with a spreadsheet.
My basic idea is have one spread sheet with two columns. Expenses and income.
While keeping the receipts etc of the expenses, what other documents will i need to keep? I just want to keep things really basic but enough to keep me in the good books with the tax.
Sounds like you need an electronic cash book.
Have you had a look at Cashmanger ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
I take it you're talking about IP related stuff.
If you are using a property manager, they should give you a yearly statement of your rent and management expenses which you can use. Also if you are claiming car expenses for visiting the property, I keep a list of dates that I visit and the purposes of the visit, so it makes it easy to work out the kms.
Cheers
Tom
It sounds like you are past using a spreadsheet. There are a few 'cashbook' type programs around, like Cashflow Manager, which are easier to use than MYOB or Quickbooks.
Have a look at http://www.cashflow-manager.com.au
Why not check out http://www.banklink.com.au
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