In this episode of The Accounting and Bookkeeping Show, Jane and Tom take you through the final steps of the financial year with an in-depth look at Closing the Ledger. Before diving in, they break down Balance Day Adjustments, explaining why these final tweaks are essential for accurate financial reporting. Then, they guide you step-by-step through the ledger-closing process, detailing how to reset your accounts and determine profit or loss. Perfect for business owners and finance professionals, this episode ensures you’ll finish the year with a clear, complete financial picture. Plus, Jane and Tom answer a listener question on why some adjustments are reversed in the new period. Don’t miss this essential episode—your books will thank you!

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In this special Q&A episode, Jane and Tom tackle a backlog of listener questions covering everything from GST supplies and PAYG obligations to tax invoices and activity statements. Join us as we dive deep into the questions you've sent in from all over Australia. Whether you’re a seasoned bookkeeper or just starting out, these listener questions cover topics that will boost your accounting knowledge and help with real-life financial scenarios.

Got questions of your own? Send them to bookkeepingshow@gmail.com!

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In this episode, Jane and Tom take you through the essential world of Balance Day Adjustments (BDAs). They break down key topics like accruals, prepayments, depreciation, and more, explaining how BDAs ensure your financial reports stay accurate and compliant. Plus, they answer listener questions about unrecorded expenses, prepaid rent, and reversing entries. Got questions of your own? Email us at bookkeepingshow@gmail.com or follow us on Facebook to stay in the loop!

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In this episode, Jane is joined by returning guest Natasha, small business owner and founder of Natasha’s Smoothies, to dive deep into the ins and outs of PAYG Withholding. Together, they break down the responsibilities employers have, from understanding the difference between PAYG Withholding and Instalments, to reporting obligations and penalties for non-compliance. Tune in for practical advice, listener Q&A, and a mid-roll about Natasha’s delicious new smoothie, the Very Berry Crush! Perfect for business owners and anyone navigating payroll tax in Australia.

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Join Jane and Tom, along with special guest Clint, an entrepreneur and business coach, as they explore the ins and outs of Property, Plant, and Equipment (PPE). From understanding how to account for large asset purchases to navigating depreciation, repairs, and leasing, this episode covers it all. Whether you're managing a growing business or advising clients, you’ll learn practical tips to handle your long-term assets effectively. Don’t miss the listener Q&A where they answer questions about revaluation, capital improvements, and selling assets at a loss!

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In this extra long episode, Jane and Tom guide you through the complexities of completing Business Activity and Instalment Activity Statements (BAS and IAS) in Australia. From understanding the taxation system and essential business registrations to managing key tax obligations like PAYG and superannuation, they break it all down in simple terms. Learn the role of BAS agents, their responsibilities, and the step-by-step process of staying compliant with the ATO. Plus, listener questions on TFN Declarations, superannuation, and more! Perfect for business owners and finance professionals alike.

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In this episode, Jane and Tom dive into the fundamentals of accounting reports, explaining the four key financial statements every business relies on: the Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, and Statement of Cash Flows. They’ll explore why these reports are critical for business owners, investors, and decision-makers alike. Whether you're new to accounting or need a refresher, this episode breaks it all down in an easy-to-follow way. Have accounting questions? Send them to bookkeepingshow@gmail.com

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Jane and Tom are back from their break and ready to dive into the world of spreadsheets! In this episode, they explore everything from designing user-friendly spreadsheets to essential formatting tips that will make your documents look professional and easy to navigate. They also break down key spreadsheet functions, discuss the importance of policies, style guides, and templates, and answer a listener’s question on how to protect formulas in shared spreadsheets. Whether you're an Excel pro or just getting started, this episode is packed with practical tips and tricks to help you master spreadsheets! Send your questions to bookkeepingshow@gmail.com!

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