Recording business income and expenses | Essentials to strengthen your small business

Salary and superannuation expenses

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Recording business income and expenses

Importance of keeping accurate records

5 mins

Correct and accurate records	0%
Record keeping system setup	0%
Income spreadsheet	0%
Expenses spreadsheet	0%
Monthly cash book summaries	0%
Activity	0%

Assessable income

4 mins

Overview	0%
Everyday income	0%
Other income	0%
Activity	0%

Types of expenses

7 mins

Overview	0%
Cost of goods sold (trading stock)	0%
Motor vehicle expenses	0%
Repairs and maintenance	0%
Rent expenses	0%
Other expenses	0%
Lease expenses	0%
Interest expenses within Australia	0%
Salary and superannuation expenses	0%
Capital expenses and depreciation	0%
Activity	0%

Categorising accurately

5 mins

Compare your business to others in your industry	0%
How the ATO uses small business benchmarks	0%
Activity	0%

Reporting accurately

4 mins

Tax return	0%
Tax return labels: income	0%
Tax return labels: expenses	0%
Activity	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%