BUSINESS ACTIVITY STATEMENT (AU)

○ Process all your accounting and payroll transactions monthly or quarterly.

○ Review your GST / non-GST line items to ensure that everything has been accounted for properly.

○ Perform periodic bank reconciliations, comparing your bank statements against your accounting bank balances.

○ Reconcile your payroll ledger with the payroll reports, if you employ staff.

○ Create necessary BAS / IAS journal entries by month-end or quarter-end.

○ Lodge your BAS / IAS to the ATO.

○ Keep track of your lodgements, payments, and due dates so that we’re always on top of your ATO obligations.