The lead up to Christmas is always a busy time for book keepers. Trying to finalise all our clients books as current as possible as soon after the new year it will be time to prepare Quarter 2 BAS for 10/11 and lodge with the ATO.

It is also a busy time as many of our clients with Payroll will need holiday leave and loading worked out for their staff and will want to know budgeting wise how much they need to put aside from the companies revenue to cover these additional costs.

Remember to make sure that someone within the organisation prepares leave records for each individual staff member so that entitlements can be worked out. These must be signed off by the owner or manager of the business prior to payment and of course confirmed with the employee involved.