FAQ's
Curious about bookkeeping or BAS services?
Here are answers to some common questions from business owners:
What is a BAS Agent?
A BAS agent is a registered professional who helps businesses meet their Business Activity Statement (BAS) obligations. Registered with the Tax Practitioners Board (TPB), BAS agents are authorised to prepare and lodge BAS and related statements, including GST, PAYG withholding, PAYG instalments, superannuation, and fuel tax credits. They can also communicate with the Australian Taxation Office (ATO) on behalf of clients and offer guidance on BAS-related compliance and record-keeping. Unlike tax agents, who provide a full range of tax services, BAS agents are limited to BAS-specific work. To become a BAS agent, individuals must meet certain educational, experience, and ethical standards set by the TPB. Their services are especially valuable to small and medium-sized businesses that want professional help staying compliant with ATO reporting requirements.
What does a bookkeeper do?
Bookkeepers are responsible for recording and managing the day-to-day financial transactions of a business. Their main tasks include tracking income and expenses, reconciling bank accounts, managing accounts payable and receivable, processing payroll, and maintaining accurate financial records using accounting software like MYOB and Xero.
What is the difference between a bookkeeper and a BAS Agent?
A bookkeeper handles the daily financial transactions of a business, such as recording income and expenses, managing payroll, and reconciling accounts, but they cannot legally lodge BAS or give BAS-related advice unless registered. A BAS agent is a qualified and registered professional with the Tax Practitioners Board (TPB) who can legally prepare and lodge Business Activity Statements (BAS) and deal with the ATO on matters like GST, PAYG, and superannuation. Essentially, all BAS agents can do bookkeeping, but not all bookkeepers are authorised to act as BAS agents.
Can I outsource payroll to Balance Wise Bookkeeping?
Yes! We offer comprehensive payroll outsourcing services to ensure your employees are paid accurately and on time. Our service includes handling wages, tax withholdings, and leave entitlements, as well as managing superannuation contributions and ensuring all Single Touch Payroll (STP) and other ATO reporting requirements are fully compliant with Australian laws. This allows you to save time, reduce errors, and stay on top of your employer obligations with confidence
Will you work on-site at my premises?
We offer both on-site and remote service options to suit your business needs. If you prefer a hands-on approach or require support within your workplace, we can work directly at your premises, integrating with your team and systems. Alternatively, for flexibility and convenience, we also provide fully remote bookkeeping services, using secure cloud-based software to manage your accounts efficiently from our office. Whether you need us there in person or working in the background, we tailor our services to your preferences and operational requirements.
How do I get started?
Simply contact us by phone or email to arrange a free, no-obligation consultation. We’ll take the time to understand your business and bookkeeping needs. Whether you're a startup, small business, or growing enterprise, we're here to make your bookkeeping simple and stress-free from day one.
Ready to Simplify Your Finances?
Let’s take bookkeeping off your plate so you can focus on growing your business!