Accounting | business.gov.au

Learn the basics

Accounting basics

Find out the basics to keep your business accounts in order.

Record keeping

Learn what records to keep, how to keep them and how long for.

Key financial terms

Understand the different financial terms used in business.

Business bank account

Learn when you need a separate account and why it's a good idea.

Choose between cash and accrual accounting

Understand cash and accrual accounting, and the pros and cons of each.

Create a budget

Find out how to create a budget so you can track your business' financial health.

Accounting tips and steps

Analyse business finances

Learn how to use financial ratios and calculations to manage your business.

Organise your finances

Find out how to organise your finances to keep your business on track.

How to set up a balance sheet

Get a picture of your business's current financial health.

How to set up a profit and loss statement

What to include in your profit and loss statement to find how much you're really making.

How to set up a cash flow statement

Find out what to include in your cash flow statement to help manage your payments.

End of financial year checklist

Learn how to prepare for the EOFY to get your business organised and work smarter in the year ahead.

Improve your business's financial position

Find out some ways to improve your financial position and cash flow.

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