Accounting & Bookkeeping
Bookkeeping, BAS, GST, payroll obligations, fixed assets, multi-currency, period close and end-of-year for Australian businesses.
Articles
Accounting Dashboard Overview
Understand your financial summary, monthly ledger, expense breakdown, and available reports.
GST and BAS Reports
View your quarterly GST summary and prepare your Business Activity Statement for the ATO.
Import Bank Transactions
Import CSV bank statements and match transactions to invoices and expenses.
Understanding Your Financial Reports
A guide to the P&L, balance sheet, cash flow, and aged receivables reports in OneBookPlus.
How OneBookPlus calculates GST on the BAS report
The BAS report walks your general ledger to derive G1, 1A, 1B, G10, G11 and W2 directly from invoices, bills and payroll. Here is how it does it and how cash vs accrual changes the numbers.
Generating a BAS Summary
Use OneBookPlus to prepare the GST figures you need for your BAS lodgement.
Recording a bad-debt write-off
When a customer invoice becomes uncollectible, write it off so it leaves your receivables and you claim the GST adjustment on your next BAS. The write-off is fully reversible if the customer eventually pays.
Reconciling bank feeds against invoices and expenses
A walkthrough of the reconciliation workbench — matching bank lines against open invoices, creating expenses on the fly, and using bank rules to auto-categorise repeat transactions.
Setting up the chart of accounts (and importing from Xero or MYOB)
Every business starts with 33 default Australian accounts. Add, rename, archive — or replace the lot with a CSV exported from Xero, MYOB or QuickBooks.
Recording PAYG installments and super guarantee payments
PAYG installments and superannuation guarantee have their own quarterly cadence and their own ATO methods. Here is how each one flows through the books.
Lodging the BAS — what to enter where
Field-by-field walkthrough of the quarterly BAS: G1, 1A, 1B, G10, G11, W1, W2, 5A. Where each number comes from in OneBookPlus and what the ATO expects.
Tracking fixed assets and depreciation
Adding assets, picking a depreciation method, the instant asset write-off threshold, and what happens when you dispose of an asset.
Multi-currency invoicing and FX revaluation
Issuing invoices in USD, EUR, GBP and other currencies, the exchange-rate-at-issue rule, and how to revalue open foreign-currency balances at year-end.
Period locks and the trial balance sign-off
Once you have lodged BAS or reported figures externally, lock the period so the numbers cannot drift. Trial-balance sign-off captures a frozen snapshot for your tax agent.
Connecting bank feeds via Basiq
How to authorise a Consumer Data Right (CDR) bank-feed connection through Basiq, how long the consent lasts, and how to renew it before it expires.
Cash flow forecasting — what the 12-week view does and does not tell you
A walkthrough of the 12-week cash-flow forecast: what feeds it, what assumptions sit underneath, and how to read a negative-week alert without panicking.
Generating ABA bank files for batch supplier payments
Pay 30 supplier bills with one upload to your bank, instead of 30 manual payments. How payment runs work, what an ABA file is, and how to upload it.