Hi All,
Can anyone recommend a program that is simple and easy to keep track of the incomings and outgoings for tax purposes?thanks
JoeyExcel
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
As above. Keep it nice and simple.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks Terry and Jamie.
Is there a program thats already made eg. you put in expense and it populates a table that you will be able to print out at tax time to help out, and/or it gives you a break down of each month?
I was thinking about developing a iphone/android application where you enter your expenses (+ photo of receipt) and rental income for my own use but haven’t had time.
When tax time comes, you can automatically print out all your expenses and receipts from one document. I think the ATO accepts copies of receipts so you wouldn’t need to keep the original ones.
You could have a different account for each property and/or business to record your expenses and income and have one file for each ready to print for tax time. It would also make it easier to store the records for the required 5 years.
Maybe someone else has already done it.
All the best
Andrew
superAndrew | Property Analyser and Finder Tool
https://property-analyser.com.au
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