My DH works for himself, he owns his own truck/business. Every 3 months I have to do his BAS. Im wondering if there is an easier way. This is how I do it ATM:
- At the end of the 3 months I print out the business bank statement (usually monthly so it doesn't seem too much)
- I type in an Excel spreadsheet how much he earned and spent then calculate GST for each item.
- Send it to Accountant for end of financial year tax
Can I use a program that takes it directly from the bank statements as soon as it is purchased or do i have to automatically type it in? Purchases range from Insurance, Citylink to Fuel etc