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  • What you need

    When using the app or calculating your benchmark manually, you need details about your business.

    Use this checklist to get your information ready.

    Checklist of what you need to manually work out your benchmark

    For

    Examples of information that 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
      • your 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.

    Next step:

    Last modified: 29 Apr 2021QC 47936