Small business support - overview

Invoicing and record keeping

Maintaining good records of your transactions and tax invoices will help you to manage your cash flow and make sound business decisions. It will also make it easier to meet your tax obligations, and potentially save you time and money down the track.

Electronic and paper-based systems are available. If you use a bookkeeper or tax agent, talk to them about a system that suits your needs and skills.

	Why this is important	Find out more
Do you know how to check that your records meet our requirements?	It is a legal requirement that you keep business records. Good records will also help ensure you claim everything you're entitled to.	Record keeping for small business Use our Record keeping evaluation tool. This tool is a free, interactive software program that will help you understand what records you need to keep and decide whether your record keeping practices are adequate.
Do you know what software can help you keep records?	A large range of record keeping software is available. Our software developers' homepage has been developed to assist businesses to obtain information about software that may help them to meet their tax obligations. Your tax agent or bookkeeper may recommend a software package that is compatible with their systems.	For more information, go to the Software developers homepage. When you have accepted the disclaimer, select 'View product register' in the left hand menu and then 'Search business products'. Here you can look for a product to meet your individual needs.
Do you know how to create valid tax invoices?	Tax invoices are important documents to enable your business to meet its tax obligations. Tax invoices must contain certain information to be valid.	Valid tax invoices and GST credits This information will help you understand the requirements of a valid tax invoice.
Do you know what a recipient created tax invoice is and how it affects you?	In certain situations the purchaser is able to issue a tax invoice to the seller, once a price has been worked out. This kind of tax invoice is referred to as a recipient created tax invoice (RCTI). The purchaser of your goods will usually let you know if this applies to your dealings with them.	Recipient created tax invoices
Do you know how to get help with record keeping and taxation issues?	Our introductory seminars for small businesses include record keeping workshops. These workshops cover basic record keeping concepts, tax issues and advice and tips on how to improve the way you manage your business records. We also provide a free and tailored assistance service to help you with record keeping.	Small business webinars Free and helpful tax assistance - no strings attached Is your business tax ready? A tool to help small businesses improve their business tax practices.