Australian Master Bookkeepers Guide, 8th Edition

Ensure you are relying on up-to-date information with this handbook for bookkeepers and accountants covering all bookkeeping essentials as well as a range of accounting, taxation, GST and FBT issues. This edition has specifically been updated to take into account all relevant changes to 30 June 2020.

KEY FEATURES:
With revisions to its GST, FBT, payroll and superannuation chapters, this edition also reflects the new taxation rules and tax rates that apply to bookkeepers and their clients. Apply the rules confidently with worked examples, diagrams, checklists, tables and bookkeepers’ FAQs. Updated content relating to SuperStream and single touch payroll has been, as well as the Federal Government's COVID-19 stimulus package measures, including JobKeeper, JobKeeper 2.0 and cash flow boost for employers.

Section A: Bookkeeping and accounting principles:

• Introduction to bookkeeping
• Recording transactions
• Adjusting entries and preparation of the financial statements
• Accounting for GST
• Accounting for cash, debtors and creditors
• Accounting for inventory
• Accounting for non-current assets
• Financial statement analysis

Section B: Key taxation issues for bookkeepers:

• Understanding the GST
• The taxation consequences of trading stock
• Depreciation for taxation purposes
• Payroll and superannuation
• Small business entity concessions
• Understanding fringe benefits tax
• Buying and selling a motor vehicle
• How to prepare a BAS
• Resources and checklists for bookkeepers