Free Bookkeeper Statement of Account Generator — Australia

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Common Statement of Account Line Items for Bookkeepers

Here are typical items you might include on a bookkeeper statement of account:

Description Unit
Monthly bookkeeping month
BAS preparation and lodgement quarter
Bank reconciliation month
Payroll processing pay run
Year-end financials preparation each
Software setup (Xero/MYOB/QBO) each

Compliance Tips for Bookkeepers

  • BAS agent registration with the Tax Practitioners Board is required to provide BAS services for a fee.
  • Professional indemnity insurance is mandatory for registered BAS agents.
  • ABN must appear on all tax invoices.
  • GST registration is mandatory at $75,000 turnover.

Frequently Asked Questions

Does a bookkeeper need to be registered?

If you provide BAS services for a fee, you must be a registered BAS agent with the Tax Practitioners Board. This requires completing a Certificate IV in Bookkeeping or Accounting and meeting experience requirements.

How should a bookkeeper structure pricing?

Common models are hourly billing, fixed monthly retainers, or per-transaction pricing. Monthly retainers work well for ongoing clients because they provide predictable revenue and the client knows their costs upfront.

What professional indemnity cover does a bookkeeper need?

The Tax Practitioners Board requires registered BAS agents to hold professional indemnity insurance. The minimum cover depends on your revenue, but most insurers recommend at least $1 million.

How often should I send statements of account?

Monthly is standard for ongoing client relationships. Send them at the end of each billing cycle or when a client has multiple outstanding invoices.

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