The sample cash payments book example below shows the type of information you need to record for most business purchases. Electronic record-keeping software will require you to input similar information.
You can have as many columns or categories for different expense types as you want.
Monthly, quarterly or yearly totals will help you complete your activity statements and tax returns.
In the example below, My business is registered for GST and reports and claims any GST amounts paid on their business activity statement. Businesses not registered for GST cannot claim GST credits and do not have to separately identify GST amounts paid.
We have a sample of a cash payments book, with example transactions recorded. Cash books like these are available from stationery suppliers. If you choose a manual records system, you can copy this format for your own record keeping. If you choose an electronic system, you will need to record the same type of information in it.