The information about your business will help you compare your business performance when you:
- use the ATO app
- calculate your performance manually.
Checklist for manually working out your benchmarkFor | 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 super paid.
|
|---|
Vehicles | Car operating 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.
|
|---|
