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What you need to calculate your benchmark

Use our checklist to make sure you have the information you need to start comparing your business performance.

Last updated 20 April 2023

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 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 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.
 

QC47936