OneBookPlus

Finance

Complete accounting, built into your business platform.

Full double-entry accounting with 40+ reports, BAS audit, GST settlement, PAYG installments, super-guarantee tracking, TPAR, fixed-asset depreciation across four methods, CGT cost-base, multi-currency with FX revaluation, inventory, tracking categories, bank feeds via Basiq, ABA payment runs, a 12-week cash flow forecast and trial-balance sign-off — connected to your invoicing, jobs, and CRM. No syncing, no double-entry, no month-end pain.

Start Free — No Card Required

Replaces Xero, MYOB, QuickBooks

Start Free

60+

Accounting reports, registers & screens

Full

Double-entry GL with audit log

Basiq

Live bank feeds + CSV / OFX / QFX

Free plan with full GL access

How accounting flows through OneBookPlus

One pipeline, from invoice to ATO lodgement

No sync, no exports. Every transaction your operations team creates lands in the GL the same moment it's saved.

Invoice

issue with GST

Receivable

lands in aged AR

What's inside

Six capability groups, one accounting system

35+ reports, registers, and tools — grouped the way an accountant actually thinks about the close cycle.

Financial statements & ledger

Real-time statements, real double-entry ledger

P&L, Balance Sheet, Cash Flow, Trial Balance — all generated live from the same GL your invoicing writes to. Every line drills to the source transaction.

Profit & Loss (cash + accrual)

Toggle between cash and accrual on the fly. Month-by-month columns and full-year totals with depreciation auto-included.

The shift

From spreadsheets and chase-emails to live, audited books

Without OneBookPlus

Manual BAS in Excel — copy GST in, copy GST out, hope nothing's miscoded.

With OneBookPlus

BAS auto-rolls from your GL with G1-G11 broken out + anomaly detection before lodgement.

Without OneBookPlus

Chase overdue customers by sending the same email manually each Friday.

With OneBookPlus

In the product

The screens you'll live in

Real OneBookPlus product screens — not mockups, not someone else's app.

Profit & Loss with cash/accrual toggle and comparative columns

BAS / GST summary with G1-G11 breakdown ready for ATO lodgement

40+

Reports including comparative, drill-downs, year-end pack and CSV export

12 wk

Forward cash-flow forecast with negative-week alerts

Fixed-asset depreciation methods including SBE pool and immediate write-off

100+

Australian banks via CDR-regulated Basiq bank feeds

Simple setup

How OneBookPlus Finance works

Day 1: import your starting position

Drop closing balances from Xero / MYOB / QuickBooks into the Opening Balances wizard. Optionally bulk-import historical journals via CSV.

Daily: invoice + bank-feed flow in

Your invoicing, bookings, and bank feeds already live in OneBookPlus — every transaction lands in the GL automatically. Bank rules auto-categorise; you review the rest.

Monthly: close out in minutes

Run your P&L, Balance Sheet, and Aged AR. Email customer statements for overdue amounts. Reconcile your bank tin. Pay supplier bills in one batch.

Quarterly: BAS in 5 minutes

Open the GST/BAS report, run the GST audit to catch anomalies, lodge the summary to the ATO via the built-in lodgement app, and post the settlement journal when you pay.

Accounting Software for Small Business in Australia

Australian small businesses need accounting software that handles GST, BAS, and expense tracking without requiring an accounting degree. OneBook Plus Finance gives you real-time profit and loss reports, automatic GST tracking across every invoice and expense, and BAS-ready summaries that your accountant can use directly — or you can lodge yourself.

Unlike standalone accounting tools like Xero or MYOB, OneBook Plus Finance is connected to your invoicing, bookings, and CRM from the start. Your revenue updates the moment an invoice is paid. Your expenses are categorised as you log them. Your GST position is always current — not something you scramble to calculate at quarter-end.

For sole traders tracking deductions, restaurants reconciling daily sales, or service businesses managing multiple revenue streams — OneBook Plus Finance turns real-time data into clear financial insight. Import bank statements via CSV or OFX, categorise transactions with Australian business expense categories, and generate P&L reports for any date range. BAS preparation becomes a 5-minute task, not a 5-day headache.

How we compare

Finance vs the competition

See how OneBookPlus Finance compares to Xero, MYOB, and QuickBooks.

Feature	OneBookPlus	Xero	MYOB	QuickBooks
GST tracking & BAS summaries	Yes	Yes	Yes	Yes
Expense tracking	Yes	Yes

Real-world scenario

A day with OneBook Plus Finance

How a Gold Coast cafe owner stays on top of her books

Nina imports last week's bank statement into OneBook Plus — 47 transactions categorise automatically based on her rules (rent, produce suppliers, utilities). She reviews and confirms in under 5 minutes.

Her dashboard shows March revenue at $28,400, expenses at $19,200, net profit $9,200. GST collected: $2,581. GST paid on expenses: $1,745. Net GST payable: $836. All calculated automatically from her daily sales logs and expense records.

When her BAS is due next week, she exports the summary as a PDF and emails it to her accountant. No spreadsheets, no shoebox of receipts, no weekend reconciliation marathons. Her accountant reviews and lodges in minutes. Nina's total bookkeeping time this month: 45 minutes.

Frequently asked questions

Common questions about OneBookPlus Finance.

What accounting features does it cover?

The full set you'd expect of a primary ledger: chart of accounts, general ledger, manual journal entries with reversal and audit log, balance sheet + comparative, P&L cash/accrual + comparative, cash flow statement + 12-week forecast, trial balance + comparative + sign-off, aged AR + AP with customer drilldown, customer + supplier statements, BAS report, BAS lodgement record, GST audit, GST settlement, PAYG installments (T7 / T1×T2), super guarantee tracking, TPAR, ATO calendar, deduction finder, receipt-coverage scan, expense anomalies, supplier ABN audit, FX revaluation, fixed assets with four depreciation methods, CGT cost base, inventory + stocktake, tax codes, tracking categories, P&L by tracking, period locks, bank reconciliation, bank rules, bank feeds via Basiq, payment runs with ABA export, credit notes, credit limits, bad-debt write-off, petty cash, recurring invoices + expenses, recurring revenue insights, job costing, project budget, quote analytics, Stripe payouts reconciliation, multi-currency invoicing, working-capital ratios, break-even, cost-plus pricing, sales forecast, franchise consolidation, year-end pack, month-end digest and 40+ reports.

What's the migration path from Xero or MYOB?

The Opening Balances wizard imports your closing balances as a single OPENING-BAL journal entry. Chart of Accounts has a CSV import that replaces the seeded chart wholesale. CSV journal import handles bulk historical transactions. Most tenants are operational within a day.

Australian Owned

Built in Melbourne, AU

GST Compliant

ATO-ready from day one

Bank-Grade Security

256-bit encryption

Free Plan Available

No credit card needed

Works great with

Other OneBookPlus products that pair naturally with Finance.

OneBookPlus

Invoicing

Get paid faster. Every time.

OneBookPlus

Dashboard

Your numbers. At a glance.

About the author

Bishal Shrestha

Founder & CEO, OneBookPlus

Bishal has over a decade of experience in digital marketing, web development, and small business consulting across Australia. He has worked directly with 200+ Australian small businesses — from tradies and restaurants to salons and professional services — understanding their operations, pain points, and growth opportunities.

10+ years in digital200+ businesses consultedMelbourne, Australia

Read the founder bio

Ready to try OneBookPlus Finance?

Start free. No credit card required. Upgrade when you're ready.

Get Started Free See all features

Last reviewed and updated: May 2026 by Bishal Shrestha

Bank rec

match + categorise

BAS lodged

settlement journal

Invoice

issue with GST

Receivable

lands in aged AR

Payment

via bank feed

Bank rec

match + categorise

posts to journal

BAS lodged

settlement journal

P&L Comparative (TY vs LY)

Side-by-side this FY vs prior FY with variance dollar + percent per category. Spot growth and overrun at a glance.

Balance Sheet + Comparative

Real-time balance sheet with year-on-year comparison showing movement per line. Receivables reflect what was outstanding then, not now.

Cash Flow Statement

Operating, investing, and financing activities for any period. Generated automatically from your transactions.

Trial Balance + Comparative

Every account's net debit/credit at any point in time — the diagnostic test for GL integrity. Side-by-side TY vs LY.

General Ledger drill-down

Account-level transaction listing with running balances. Drill from any P&L or balance-sheet line straight to source.

Journal entries + audit log

Full double-entry journal with multi-line entries, reversal support, and an append-only audit log of every mutation.

Tax & compliance

BAS-ready, ATO-aligned, anomaly-aware

Every G-code, every PAYG/super line, every TPAR report is calculated live from the GL. The GST Audit Report flags the misclassifications before lodgement so you don't lodge bad numbers.

BAS / GST report with G1-G11 breakdown

Quarterly BAS-ready summary covering G1, 1A, G2, G3, G10, G11, 1B from your live invoice + expense data.

GST Audit Report

Pre-lodgement anomaly detection: invoices marked Standard with $0 tax, off-band GST rates on expenses, and tax/non-tax conflicts.

GST Settlement workflow

Record your BAS payment to (or refund from) the ATO with a single click. Posts the journal that clears GST liabilities for the quarter.

FX Revaluation

Unrealised gain/loss on unpaid foreign-currency invoices, calculated against live spot rates and a per-period reversal entry.

Fixed Assets + CGT cost-base

All five ATO depreciation methods, business-use %, and CGT cost-base tracking with 50% discount eligibility on disposal.

Custom tax codes

Beyond Standard / GST-free / Export / Input-taxed — add WET, LCT, capped input credits with your own rate and reporting label.

Receivables, payables, cash

Who owes you. Who you owe. How much is in the tin.

Aged AR + AP with drill-down to invoice level, customer + supplier statements with one-click email send, batch bill payment with ABA export, and bank rec that AI-suggests matches.

Aged AR + AP with drilldown

Standard buckets (Current / 1-30 / 31-60 / 61-90 / 90+) plus per-customer drilldown showing who's behind on what.

Customer + supplier statements

Per-party ledger with running balance. One-click email send to chase overdue amounts. Mirror flow for suppliers.

Bills + batch payment + ABA export

Dedicated bills-to-pay queue with aged buckets. Select multiple bills, pay all at once with a shared reference and ABA file.

Bank reconciliation matching UI

Drag-style match between bank lines and invoices/expenses. AI suggests matches with confidence scoring.

Bank rules engine

Auto-categorise imported bank transactions by merchant pattern, description, or amount range. Re-apply rules to backfill historical data.

Bank feeds via Basiq

Live bank-feed integration in addition to CSV / OFX / QFX import. Statements flow in daily.

Petty cash (multiple floats)

Track named cash tins (office, register, site truck) with disbursements, top-ups, and a running balance.

Planning & analysis

See trouble coming before it lands

Budget variance, 12-week cash flow forecast, working capital, project margin, customer concentration — the analytics that turn bookkeeping into financial control.

12-week cash flow forecast

Forward look at expected receipts (open invoices + recurring), expected payments (bills due), and weekly closing balance. Negative weeks flagged red.

Budget vs Actual

Set annual targets per category and compare against live numbers, scaled to monthly / quarterly / full year.

Sales by Customer + LTV

Ranked revenue per customer plus all-time lifetime value, average days-to-pay, and top-10 concentration risk band.

Expenses by Supplier

Suppliers ranked by spend with GST claimable and top expense category per supplier.

Job Costing + margin %

Per-job profitability — labour + materials cost vs billed revenue with margin colour-coded red / amber / green.

Project Budget vs Actual

Estimate vs actual hours, materials, and total per job. Surfaces overruns before they kill the year.

Quote Analytics

Acceptance rate, median time-to-accept, won/lost value — sales-pipeline view of your quotes feeding the forecast.

Setup & data control

Set up in a day, locked down forever

Chart of accounts, opening balances, tax codes, tracking categories, period locks. The boring-but-load-bearing bits that keep year-end reviews painless.

Custom Chart of Accounts + CSV import

Pre-seeded with 33 standard Australian accounts; add, rename, archive, and bulk-import your existing CoA via CSV.

Opening Balances Wizard

Bring closing balances over from Xero / MYOB. Validates debit-credit balance before posting the canonical OPENING-BAL journal.

Tracking categories (Xero-style)

Tag invoices and expenses by Department, Location, or Project for slice-by-tag P&L reporting.

Period locks

Lock prior quarters or financial years after lodgement so nobody on the team can accidentally post into closed periods.

Receipt inbox + OCR

Drag-drop receipts (photo, PDF) into a staging inbox. Review suggested expense fields and accept to create the expense row.

CSV journal import

Bulk-load historical journals from Xero / MYOB / QuickBooks. Per-entry balance validation before posting.

Workflow & automation

Stop typing the same invoice every month

Journal templates, recurring invoices, expense claims, customer reminders, account watchlists, stock take + reorder — the daily grind, automated.

Recurring invoices + expenses

Subscription-style invoicing and expense templates that auto-generate on schedule. Projected MRR/ARR surfaced.

Multi-currency invoicing

Issue invoices in USD, EUR, GBP, etc. with per-invoice FX rate. Accounting reports normalise to base AUD.

Inventory + stock-take + reorder

Stock items with on-hand qty, low-stock alerts, cycle-count workflow, and auto-posting journals on adjustments.

Year-end Close Wizard

Roll net profit into Retained Earnings, post the closing journal, and lock the period — all in three confirmations.

30+ reports library

Trial Balance, Cash Receipts / Payments Journal, FX Revaluation, Payroll YTD, GST Audit, and more — all in one place with CSV export.

Account watchlist

Pin the GL accounts you check most often. One-screen view of balances, movement, and outstanding items.

Aged AR drill-down + one-click Email Statement. Send the chaser without leaving the report.

Without OneBookPlus

Reconcile bank lines one at a time, then export to Xero, then re-categorise.

With OneBookPlus

Live Basiq feed + AI-suggested matches. The 80% obvious ones auto-categorise; you confirm 20%.

Expenses + receipt inbox with OCR-suggested categorisation

Real-time business dashboard showing GL-fed KPIs

Year-end: hand off to your tax agent

Year-end close wizard rolls net profit into Retained Earnings and locks the period. Export the CGT pack, fixed-asset register, and trial balance. Tax agent does the lodgement.

Does it handle multi-currency?

Yes. Invoices can be issued in USD, EUR, GBP, NZD, SGD, CAD, JPY or any custom currency with a per-invoice FX rate. The FX Revaluation report posts a year-end revaluation journal that auto-reverses on 1 July so it doesn't double-count when invoices eventually settle.

Can I track inventory + COGS?

Yes. Inventory items track on-hand quantity, purchase price, sale price, and low-stock thresholds. Stock-take / cycle-count workflow handles variance. Stock adjustments auto-post journals (Dr Inventory / Cr COGS or vice versa).

Does it handle fixed assets and CGT?

Yes. The Fixed Assets register supports four ATO depreciation methods (prime cost, diminishing value, SBE pool, immediate write-off) with business-use %. Disposals auto-post a balanced journal (Dr Bank, Dr Accumulated Depreciation, Cr Equipment, Dr/Cr Gain or Loss) and flag 50%-discount eligibility for assets held >12 months.

How does BAS work?

The BAS report calculates G1, 1A, 1B, G10, G11, W1, W2 and 5A directly from your GL with a cash/accrual toggle. The GST Audit Report flags pre-lodgement anomalies. After lodgement, mark the BAS as lodged (with the ATO receipt number) — the snapshot is frozen and revisions create a new snapshot rather than overwriting. GST Settlement records the payment in one click.

What's the difference between PAYG installments and PAYG withholding?

PAYG installments are advance payments toward your own income tax — reported in 5A on the BAS. PAYG withholding is tax you withhold from employees' wages — reported in W2. Both have dedicated pages and post separately to their own liability accounts.

Does it handle TPAR for contractors?

Yes. The TPAR page auto-detects reportable contractor payments throughout the year for business types subject to the Taxable Payments Reporting System (building, cleaning, courier, IT, security, road freight). At year-end it generates the ATO-format TPAR file ready to lodge.

Can my accountant access the books?

Yes — invite them as a tenant member. They get a read-only advisor role by default (AAL2-gated for security), with full reports, audit log, and journal access. The Journal Audit Log shows every mutation with actor + timestamp so sign-off is provable.

What about payroll?

Full payroll lives in the Payroll module (STP Phase 2 enabled). The accounting side surfaces a Payroll Summary report and pulls super-guarantee accrual + PAYG withholding from STP-reported wages automatically.

Is there a free plan?

Yes. Core accounting (invoicing, expenses, bank import, P&L, BAS summary) is on the free plan. Advanced features (multi-currency, fixed assets, tracking categories, GST audit, payment runs with ABA, recurring expenses, CSV journal import, franchise consolidation) are on paid plans starting at a fraction of what Xero charges.

OneBookPlus

Quotes

Win more jobs. Faster.