Record keeping for small business

Record keeping evaluation tool

We have developed an electronic tool to help you evaluate your business' record keeping needs. You can use this tool if you are:

• thinking about starting a business
• in business and responsible for keeping the business records
• responsible for managing a small business' records - for example, you are a tax agent or a bookkeeper.

This tool is not intended for use by super funds, non-profit organisations or government agencies as they have particular record keeping requirements.

Based on your information, the tool provides a list of the records we recommend your business keeps and a report that indicates how well your business is keeping its records. If appropriate, the report will include suggestions for improvement.

For more information, refer to the Record keeping evaluation tool.

We offer a range of online services to make it easier for you to meet your business tax obligations. For more information, visit www.ato.gov.au/onlineservices

Sections within Keeping good business records

• Legal requirement
• Other reasons to keep good records
• Record keeping evaluation tool
• Deciding whether you should keep electronic or manual records
• Electronic record keeping requirements