NDIS Sole Trader Foundations of Bookkeeping, presented with okke
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2024
- Are you building a new NDIS business or want to grow the NDIS part of your business?
Knowing how to set up and systemise your bookkeeping, invoicing and cashflow systems is a key part of running a successful business - no matter the industry. However, having the specialised information delivered specific to working within the NDIS system is priceless.
With our friends at okke, we cover in this webinar:
- Setting up NDIS compliant business systems
- Understanding what the NDIA and Plan Managers are looking for in service provider invoices
- Understand and simplify your tax and reporting obligations
- Remove financial admin stress and get back to doing what you do best!
This webinar features our friends at @okayokke who are passionate about NDIS sole traders and helping them simplify the management of their cashflow and finances so that they can focus on the more important things.
KEY TAKEAWAYS:
-Set aside time on a regular basis to go over your bookkeeping, whether it's weekly or fortnightly, so it doesn't pile up.
-Have a separate bank account for only business transactions, keep it separate from personal finances
-Put a system in place for record keeping that will make it easy for you to pull up documents as you need them.
RESOURCE LINKS:
Sole trader income tax offset information
www.ato.gov.au/business/incom...
Information regarding GST for NDIS services:
www.ato.gov.au/business/gst/i...
Money Smart tax calculator:
moneysmart.gov.au/income-tax/...
NDS Provider toolkit download to make sure you are compliant:
www.nds.org.au/images/resourc...
Okke invoicing and bookkeeping software, free for 6 months with unlimited NDIS compliant invoices:
okokke.com/ndis-invoicing
okke bookkeeping terms glossary
bit.ly/okkebookkeepingglossary
WEBINAR CHAPTERS:
00:00 Webinar start
03:22 Foundations of Bookkeeping for NDIS Sole Traders
04:22 Financial advice disclaimer
05:16 What is a Sole Trader?
06:00 What is bookkeeping?
07:02 Sole Trader considerations for the ATO
09:00 Sole Traders and Superannuation
09:59 GST and the NDIS for Sole Traders
12:51 Other information management obligations for Sole Traders
16:04 General bookkeeping terms glossary
21:52 Starting off as a Sole Trader, first steps
23:00 Keeping business expenses separate to personal spending
24:35 Setting up a bookkeeping routine
30:30 Storage obligations for financial and other records
34:00 How to make your invoices NDIS compliant
38:10 Allowing for different payment options for self-managed participants
40:50 What's the difference between bookkeeping and accounting?
42:28 Modifying invoices for GST and non-GST applicable clients
45:00 Bookkeeping costs digital or analogue being business expenses
46:22 Managing tax or PAYG expectations of seasonal work with the NDIS
49:20 Updates and add on process to okke software
51:00 Trial options for okke for NDIS Sole Traders