To access the business performance check tool you must first download the ATO App from Google Play or the App Store.

The ATO app is compatible with most phones and tablets using:

• iOS 13 or later
• Android 8.0 or later.

The business performance check tool:

• uses annual small business benchmark data from over 100 different business types
• can estimate annual performance based on as little as one month’s data (the more data, the better accuracy)
• allows you to compare the cost of goods sold and expenses with similar businesses
• provides financial performance ratios including ability to manage debt commitments and working capital
• compares subsequent reports in the tool with previous financial results to monitor any variations in performance.

The industry information contained in the business performance check tool is updated each year. It is recommended that you also look at other methods to explore how your business is performing against other similar businesses in your industry. 

Some examples of how you can do this are by conducting business and market research, reviewing your business and marketing plans and reviewing your industry standards and codes of practice.