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Records That Work as Hard as You Do

At Love Bookkeeping, we don’t just recommend good record keeping — we manage and maintain compliant record keeping systems for all of our clients.

 

Whether you’re submitting receipts, managing payroll, or lodging BAS, your records are kept securely, up to date, and ready for review whenever needed.

Binder and Files

Why Good Record Keeping Matters for Your Business

Good record keeping does more than keep the ATO happy — it gives your business clarity, confidence, and control. Whether you're a sole trader or managing a growing team, the right records can help you make smarter decisions, stay compliant, and avoid nasty surprises at tax time.
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At Love Bookkeeping, we don’t just recommend good record keeping — we manage and maintain compliant record keeping systems for all of our clients. From digital receipts to payroll and BAS documentation, your records are kept secure, structured, and audit-ready.

6 Ways Love Bookkeeping Supports You With Strong Record Keeping

At Love Bookkeeping, we do more than help you stay compliant — we actively manage your record keeping systems so you can focus on running your business. Here’s how our service makes a difference:

We ensure you meet ATO and Fair Work obligations
 

We maintain accurate, timely records for tax, payroll, super, and employee reporting — keeping your business compliant year-round.

Tax Income Reports
Data on a Touch Pad

We help you make smarter business decisions
 

With clean, up-to-date records, you get reliable insights into your cash flow and business performance — the kind of data that drives growth.

You're audit-ready without the stress
 

Because we manage your records consistently, you're always prepared for an ATO, Fair Work, or funding review — no document hunts, no panic.

Stack of Files
Form

We keep your BAS, super, and payroll on track
 

From employee payslips to superannuation reports and BAS documents, we make sure nothing gets missed or delayed.

You avoid tax-time overwhelm
 

No more scrambling for receipts or wondering what’s due. We organise, file, and store everything for you — securely and systematically.

Holding a Mobile Phone
Retail Checkout Counter

We keep your financial records clear and consistent
 

Accurate, structured record keeping means you always know where things stand — whether you're reviewing expenses, planning ahead, or lodging with the ATO.

What Records We Help You Maintain

At Love Bookkeeping, we don’t just tell you what to keep — we actively manage, organise, and maintain the business records you’re required to hold under ATO and Fair Work obligations. Whether you're a sole trader or running a growing team, we make sure your records are securely stored, up to date, and audit-ready all year round.
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Here’s a summary of the core record types we help you manage as part of your bookkeeping service:

1

Business & Registration Details

We ensure all your business setup records are filed and accessible:

  • Business name, structure, ABN, and TFN

  • Contact information and trading address

  • GST, PAYG, and other registrations

  • Business licences and renewals

2

Financial Statements

We help you generate and store essential reports for performance tracking and compliance:

  • Profit & Loss statements

  • Balance sheets

  • Cash flow reports

  • Year-end reporting summaries

3

Sales & Income Records

We assist with capturing and storing your income documentation:

  • Sales invoices (Xero or other platforms)

  • Online sales reports (Stripe, PayPal, Shopify, etc.)

  • Interest and dividend income (if applicable)

4

Expense & Supplier Records

We manage document entry and filing so you’re always ready at BAS time:

  • Supplier invoices and receipts

  • Lease, utilities, insurance payments

  • Expense tracking (e.g. fuel, tools, subscriptions)

5

Payroll & Employee Records

For clients on payroll, we maintain the following as part of your ongoing support:

  • Employee setup details (TFNs, super choice, contact info)

  • Employment contracts and classifications

  • Timesheets, payslips, and leave tracking

  • Superannuation lodgements and STP reporting

  • Termination summaries and FBT where applicable

6

BAS, GST & Tax Lodgements

We ensure your documents are recorded and available to support your compliance:

  • GST collected and GST paid records

  • BAS lodgement copies and working papers

  • PAYG summaries and adjustments

  • Fuel tax credits (if relevant)

7

Banking & Reconciliation

As part of your bookkeeping file, we reconcile and retain:

  • Monthly bank and credit card statements

  • Reconciliation reports

  • Notes explaining any discrepancies

8

End of Year Records

We support your accountant or tax agent by maintaining:

  • Depreciation schedules (if provided)

  • Inventory and stocktake summaries

  • Debtor and creditor reports

  • Asset and vehicle purchase details

9

Other Supporting Documents

We maintain these as part of a complete file:

  • Software details and subscription records

  • Business sale or purchase agreements

  • Deduction-related receipts and documents

  • TPAR, FBT, Payroll Tax records if applicable

Frequently Asked Questions About Bookkeeping

We’ve answered the most common questions our clients ask about managing their books.

How long do I need to keep business records in Australia?

Answer:

The ATO generally requires business records to be kept for at least five years from the date you lodge your tax return. Employment and payroll records often need to be kept for seven years. At Love Bookkeeping, we ensure your records are managed and archived in line with these requirements — so you're always audit-ready.

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