Show download pdf controls
  • What you need to calculate your benchmark

    When using the app or calculating your performance to compare to your industry's benchmark manually, you need details about your business. Use this checklist to get your information ready.

    Checklist for manually working out your benchmark

    For

    Examples of information you need

    Gross business income

    Sales records, which can include:

    • tax invoices for goods and services provided
    • sales invoices, vouchers or receipts
    • cash register tapes, credit card statements
    • bank deposit books and account statements.
     

    Salary and wages

    • Your salary or wages
    • Your employees' salaries or wages
    • Payments to associates
    • Remember to include any superannuation paid
     

    Vehicles

    Depends on method used for car expenses:

    • cents per kilometre – your business kilometres
    • logbook method:
      • business kilometres
      • fuel and oil receipts or other information about how you estimated the expenses
       
     

    Interest

    • Credit card statement
    • Overdraft statement
     

    Other

    • Statements of purchases from suppliers or tax invoices
    • Contractor/labour hire records
    • Purchase or expense records, for example cheque butts, bank account and credit card statements
    • Records of goods taken for own use
     

    Cost of sales

    The cost of anything produced, manufactured, acquired or purchased, for either:

    • manufacture
    • sale or exchange in deriving the gross proceeds
    • earnings of the business
     
    Last modified: 21 Apr 2022QC 47936