set up a basic bookkeeping system for your nDIS
Set up a basic bookkeeping system
It's a legal requirement to keep your business transaction records for a minimum of five years, so it's important you have good record keeping practices. The records you must keep include all documents relating to your income and expenditure.
A strong bookkeeping system can help you keep accurate records for a range of purposes. Use it to:
- analyse business activities
- attract investors
- seek finance
- lodge and pay tax
- meet your reporting requirements.
It can be difficult to set up your own system without a bookkeeping background. We are here to help you get your bookkeeping on track so you can focus on living your life.
Author: Adarsh Dutt
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