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Keeping financial records
For this task, you will need to access ATO’s record-keeping evaluation tool.
Scenario
John Jones is a sole trader who owns a T-shirt printing business. He is registered for GST and PAYG withholding and has 4 employees, all of whom are eligible for the superannuation guarantee.
John has a graphic design background and is not very good at the financial side of his business. He keeps all of his bank statements and his quarterly BASs. John…
WorksheetBusinessSenior secondaryRecord-keeping evaluation tool
Record-keeping evaluation tool
Linked activity:
Tax and financial record keeping
InteractiveBusinessSenior secondaryWellness programs
Linked activity:
Working well
VisualiserHealth & Physical EducationSenior secondaryCompleting an ABN application
You can apply for an ABN online through the Australian Business Register. For this activity you will complete a simulated online ABN application.
Open the simulated online ABN application and complete the form using the following information for each page.
Important information
The online application begins by providing you with important information. Read this information about your responsibilities in applying for an ABN and Confirm your…
InstructionsBusinessSenior secondarySource analysis template
Consider the following questions as you analyse each source for its reliability.
Table 1: Focus questions
Identification - What is the source?
Attribution - Who produced the source and why?
Close reading – Reading between the lines
Evaluation – An assessment of reliability
What type of source is it?
Who created the source?
When was is created?
What and/or who does the source describe or…
WorksheetGeneral resourcesBudget options workbook – Instructions
You can use the Budget options workbook to develop up to 2 different budgets to reach a savings goal.
There are 5 simple steps to follow.
Step 1
Record actual income in the appropriate cells in the workbook. Once you have entered your amounts, the workbook will automatically calculate your total income.
Figure 1: Step 1
Image:
Annotated image of the income section of the Budget options workbook. The background has the following table.…
ExplainerGeneral resources