In This Blog:
The Australian tax system—like any other in the world—is complex and multi-layered.
Aside from the computation of taxes, there are also compliance obligations and deadlines that can sometimes be overwhelming for even the most experienced business owner.
From income tax to goods and services tax (GST) and other levies, understanding the basics is essential for effectively managing your fiscal responsibilities.
Keep reading to gain a clearer understanding of the key components of taxation in Australia and how they might affect your business operations.
How Does Tax Work in Australia
In Australia, taxation plays a role in sustaining the public services and infrastructure that businesses rely on daily.
Understanding these tax components leads to compliance that optimises your business’s financial strategy.
Income Tax
Income tax is the Australian government’s main source of revenue, which is derived from:
- Individuals
- Businesses
- Various other entities that operate for profit within the country
Understanding the different tax brackets, rates, and thresholds is important as this enables you to:
- Allocate your finances efficiently
- Take advantage of any applicable tax relief or allowances
- Avoid penalties associated with non-compliance
As your business grows, so will your tax obligations, so it helps to cultivate a basic understanding of one of the most fundamental concepts: the Goods and Services Tax (GST).
Goods and Services Tax (GST)
GST is a 10% tax on most goods, services, and other items sold or consumed in Australia.
All businesses that meet the minimum annual income threshold are required to register for GST.
Proper understanding and management of GST can help prevent costly errors in tax reporting, such as:
- Understanding what counts as a GST credit
- How to issue tax invoices
- When to report earnings
Additionally, accurate GST tracking simplifies the process of claiming your GST credits.
This means you can effectively recover the GST paid on business-related expenses during your tax filings, reducing the overall cost of goods and services sold.
That being said, let’s take a look at another kind of business taxation you’re bound to run into when you make profits off selling assets instead of goods and services—the Capital Gains Tax (CGT).
Capital Gains Tax (CGT)
Capital Gains Tax (CGT) applies when you sell an asset, such as property, shares, or part of a business, and make a profit from the sale.
Understanding how CGT factors into your tax obligations is important.
Calculating capital gains involves determining the difference between what it cost you to acquire an asset and the profit you received when you sold it off.
Strategic planning can include timing the sale of assets to minimize tax liabilities or taking advantage of CGT discounts and exemptions.
Staying compliant requires accurate record-keeping and timely reporting of any gains or losses in your tax returns.
Beyond managing profits from asset sales, it is equally vital to understand how you can reduce your taxable income through various deductions and credits.
Common Tax Deductions and Credits
Tax deductions and credits are one of the most effective ways to reduce your overall tax liability.
By understanding the deductions and credits available and how you can apply them, businesses and individuals can significantly lower the amount of tax they owe each year.
From work-related expenses to specific tax offsets, these financial benefits are designed to provide relief in various areas.
Work-Related Deductions
For many professionals, work-related deductions are a key area where they can achieve significant tax savings.
To illustrate, you can claim deductions for expenses directly related to how you earn your income, including:
- Travel costs
- Purchase of uniforms
- Additional training or upskilling expenses
To maximise these deductions, it is important to maintain thorough documentation such as:
- Receipts
- Bills
- Travel logs
- Work-related activities
Understanding the eligibility criteria for these deductions enable you to make claims that are legitimate and comply with Australian Tax Office (ATO) guidelines.
You may also want to consider potential deductions related to investment and property, which brings us to the next section.
Investment and Property Deductions
If you own investment properties, you can leverage various deductions to significantly reduce your taxable income.
Key deductions include:
- Interest on loans used to buy or improve your property
- Maintenance costs
- Depreciation of assets like furniture and fixtures within the property
For landlords, understanding how to calculate depreciation can be particularly valuable if you want to save thousands in taxable income.
These property-related deductions require you to keep detailed records to support your claims, including:
- Purchase receipts
- Loan agreements
- Repair bills
Navigating these deductions correctly guarantees compliance and increases the value of your investment returns.
You can also explore how specific tax offsets and credits can further reduce your financial burden.
Tax Offsets and Credits
The Australian tax system offers various offsets and credits designed to reduce the amount of tax you pay.
For example, the low-income tax offset (LITO) provides a reduction in payable taxes for eligible low-income earners, enhancing their financial well-being.
Additionally, seniors and pensioners may qualify for the seniors and pensioners tax offset (SAPTO), which also significantly lowers tax liabilities.
These tax reliefs are designed to support individuals and businesses in various life stages and economic situations for a fairer taxation system.
However, tax laws are generally complex and to maximise your rights under them, seeking professional tax help is recommended.
Seeking Professional Tax Help
Understanding tax laws, offsets, and deductions can be tedious and time-consuming, and getting it wrong can be costly.
This is why many business owners turn to accredited tax advisors or accountants to stay compliant and to better optimise their tax position.
Choosing a Tax Advisor
Selecting the right tax advisor starts with looking up candidates that are fully accredited by relevant Australian accounting or tax bodies.
These qualifications guarantee that the advisor has 1.) adequate knowledge to do the job and 2.) adheres to professional standards.
Additionally, it helps to choose someone with experience in your specific industry or with businesses similar in size and structure to yours.
These professionals can provide strategic, free advice tailored to your business’s unique circumstances.
As you consider the benefits of engaging a tax professional, think about the broader impacts on your business.
Benefits of Professional Tax Assistance
Professional tax assistance offers a range of advantages for any business.
With an expert’s help, you can maximise your deductions and take advantage of all applicable tax allowance and programs available.
This level of detailed attention helps you significantly reduce your overall tax liability.
Furthermore, professional advisors provide personalised tax planning advice, helping you make strategic decisions.
Tax professionals also keep your business compliant with Australian tax laws, which can be particularly complex and subject to frequent changes.
This compliance safeguards your business against costly legal issues and penalties, providing peace of mind.
FAQ
Here are some frequently asked questions about the Australian tax system:
What is the deadline for filing taxes in Australia?
The standard deadline for filing individual tax returns in Australia is October 31st for the previous financial year, which ends on June 30th. However, if you are using a registered tax agent for your tax preparation and lodgement, you might be eligible for a later deadline. Thus, it’s important to engage with a tax professional early if you need or want to benefit from extended deadlines.
Can I file my taxes online?
Yes, individuals and businesses in Australia can file their taxes online through the Australian Taxation Office’s (ATO) myTax platform. This network is accessible through the ATO website and allows users to submit their tax returns easily and securely. Additionally, most tax agents offer online services, providing another convenient option for managing and submitting your tax returns electronically.
What happens if I make a mistake on my tax return?
If you realize that you’ve made a mistake on your tax return, it is important to address it promptly. The ATO allows taxpayers to amend their tax returns to correct errors or omissions. Depending on the nature of the mistake, amendments can often be made online via myTax or through your tax agent. If the error results in a higher tax liability, you may have to pay a penalty; however, addressing the mistake quickly can help minimize the amount incurred.
Wrapping Up
With the right tools and guidance, finding your way around the Australian tax system gets easier.
Remember, whether you are a seasoned business owner or are filing your taxes for the first time, leveraging professional tax advice and support from accredited advisors is invaluable.
- Want specific AI Prompts to help you automate processes? Get the Full AI list here.
- Need help lodging a tax return? Bring in remote professionals to help you out here.
- How about a list of the Top Business Apps that could take your company to the next level this 2024? Head over here.
- Whenever you are ready to Hire World-Class, High Performing, Full-Time Virtual Staff at 40%-60% Cost Savings with Lifetime Support head over here.
- View our 1,000 Fully vetted, highly talented virtual staff who can take the more tedious tasks off your hands here.
Candidates:
Filter by Role:
*Booking interviews depend on candidates' availability and interest.
All-inclusive Rate: USD $13.71/hr
Ivy
Candidate ID: 361724
ADVANCED
-
Xero Accounting, Australian Business Register, Australian Securities and Investments Commission, Australian GST...
INTERMEDIATE
-
QuickBooks, Australian Tax...
Median Rate
$13.71
$15.39
if $1 = PHP52
$18.89
if $1 = PHP40
Currency Fluctuation Range
*includes service fee. Please note that hourly rates are linked to the exchange rate, and fluctuate slightly from month to month.
**Please note that hourly rates are linked to the exchange rate and fluctuate slightly from month to month.
Employment Preferences
(inclusive of service fee)
*Plus GST for Australian Businesses
Full Time: $USD 13.71 per hour or $USD 2376.41 per month
Remote Staff Recruiter Comments
- Ivy is a seasoned professional with more than 10 years of experience in Australian accounting. She holds a degree in Accountancy and is Xero Certified. She worked with various clients through an accounting firm - medical, e-commerce, rental property, and construction.
- For over 10 years, she specialized in the following:
- Preparation of individual tax returns (ITR), company and trust tax returns, and BAS
- Accounts receivable recording
- Accounts payable recording
- Bookkeeping
- Company, trust, and SMSF setup
- Call & email handling
- Payroll
- PAYG Instalment Lodgment and variation
- She used a number of applications and software such as Xero, XPM, MYOB, ATO Portal, Microsoft Office Apps (Excel, Word, Outlook, Teams), Trello, Asana, Slack, QuickBooks, ASIC Connect, Mailchimp, Docusign, and Nowinfinity.
- She can start anytime.
- Ivy prefers working the day shift in either a part-time or full-time position that matches her skillset.
Strongest Behaviors
- Driven to protect the company against risk by thoroughly leveraging their background and strictly following “the book.”
- Cautious; follows a well-established and proven plan to avoid making mistakes. Does the background research necessary to have proof to support decisions before action is taken.
- Detail-oriented and accommodating; most comfortable working as part of a well-defined team for which they produce high-quality output and decisions.
Ivy Kristine is thoughtful, disciplined, and particularly attentive to, careful of, and accurate with the details involved in the job. Identifies problems, and enjoys solving them, particularly within their area of expertise. Works at a steady, even pace, leveraging their background for the betterment of the team, company, or customer.
With experience and/or training, they will develop a high level of specialized expertise. Serious and dedicated to the job and the company. Their work pace is steady and even-keeled, and they’re motivated by a real concern for getting work done thoroughly and correctly. Discipline and circumspect thinking will lend caution to their decision-making; Ivy Kristine plans ahead, double checks, and follows up carefully on decisions and actions.
Employment History
ACCOUNTANT/BOOKKEEPER/ADMIN
Industry:
Accounting / Audit / Tax
Employment Period:
November 2023 to August 2024 (9 Months)
Duties and Responsibilities:
- E- commerce Bookkeeping
- Ecommerce Trust and Company Tax Return Preparation
- Rental Property & Estates Financials Tax Return
- Business Activity Statements
ACCOUNTANT/BOOKKEEPER/ADMIN
Industry:
Accounting / Audit / Tax
Employment Period:
November 2019 to November 2023 (47 Months)
Duties and Responsibilities:
- Company & Trust tax Return preparations
- Financial Statements Monthly, Quarterly or Annual GST / BAS Preparation
- Bookkeeping Workpapers Call & email handling
- Contacting Australian taxation Office to waive late H &R
- Block individual tax return training fees & interest
- Charges Xero Software
- Training Contacting ASIC for changes Issues & fee waiver.
- Virtual Assistant Training
- Updating ABN details on ABR
- Customer Service and Collections
- PAYG Instalment Lodgment and variation Training
Accountant/Bookkeeper/Admin
Industry:
Accounting / Audit / Tax
Employment Period:
October 2015 to December 2019 (50 Months)
Duties and Responsibilities:
- Prepared more than 1,000 individual tax returns
- Handled bookkeeping for construction companies,
- restaurants, labour hire and many more.
- Directly communicating with our clients via email and call
ACCOUNTANT
Industry:
Accounting / Audit / Tax
Employment Period:
September 2015 to July 2016 (10 Months)
Duties and Responsibilities:
- Allocating clients advertisement
- Payroll
- recording AP/AR
- Process employees reimbursements
Accountant/Administrative Assistant
Industry:
Accounting / Audit / Tax
Employment Period:
January 2013 to September 2015 (32 Months)
Duties and Responsibilities:
- Individual tax preparation
- Communication with ATO and ASIC
- Emailing Handling
- Communication with our clients
ACCOUNTANT/BOOKKEEPER
Industry:
Accounting / Audit / Tax
Employment Period:
November 2023 to August 2024 (9 Months)
Duties and Responsibilities:
- Bookkeeping
- Individual Tax Return Preparation
- E- Commerce Tax preparation
- Rental Property & Estates Financials Tax
- Return
- Business Activity Statements/IAS
Education History
Field of Study:
Finance/Accountancy/Banking
Major:
Accountancy
Graduation Date:
April 1, 2011
Located In:
Philippines
License and Certification: :
Xero Certified
Skills
ADVANCED ★★★
-
Xero Accounting, Australian Business Register, Australian Securities and Investments Commission, Australian GST,
INTERMEDIATE ★★
-
QuickBooksAustralian Tax
Work at Home Capabilities:
- Internet Bandwidth: Between 5mbps to 100mbps
- Working Environment: Private Room
- Speed Test Result: https://www.speedtest.net/result/15500441997
- Internet Type: Fiber
- Hardware Type: Laptop
- Brand Name: MacBook Air
- Processor: M1
- Operating System: MacOS X
All-inclusive Rate: USD $8.49/hr
Jodel
Candidate ID: 311795
ADVANCED
-
MYOB, Microsoft Office, Bookkeeping...
INTERMEDIATE
-
Financial Statements, QuickBooks, NetSuite...
Median Rate
$8.49
$9.29
if $1 = PHP52
$10.96
if $1 = PHP40
Currency Fluctuation Range
*includes service fee. Please note that hourly rates are linked to the exchange rate, and fluctuate slightly from month to month.
**Please note that hourly rates are linked to the exchange rate and fluctuate slightly from month to month.
Employment Preferences
(inclusive of service fee)
*Plus GST for Australian Businesses
Part Time: $USD 5.64 per hour or $USD 489.08 per month
Remote Staff Recruiter Comments
- Jodel is well experienced in Bookkeeping
- He started working since 2000
- He worked with several industries like Food, Retail, Real Estate and BPO
- He handled MYOB for over 3 years.
- His skills and expertise are the following: .
- Prepares Monthly Financial Statement Report
- Balance Sheet & Trial Balance Schedule.
- Bank Reconciliation
- Subsidiary Ledgers.
- Schedule of Collection & Disbursement.
- Cash Position Report.
- Maintain file and records
- Invoice Handling
- Process AP and AR
- Monthly Flux Analysis
- Monthly Fixed Asset Depreciation and Disposals of Asset
- Candidate can start ASAP
Predictive Index Behavioral Profile - Controller
https://www.predictiveindex.com/reference-profile/controller/
Strongest Behaviors:
- Very careful with rules; is literal and unwavering in interpreting rules, schedules and results. Puts tremendous pressure on themself to move quickly through the day.
- Cautious, exacting, and very thorough; often perfectionistic. Works diligently to ensure nothing falls through the cracks, and follows up intensely to ensure results are precisely on-time, accurate, and were achieved using the proper methods.
- Needs operational efficiencies: pushes hard to get things done as fast as possible, using proven methods, and ensuring a high-quality outcome. Very little tolerance for routines.
Jodel is a self-disciplined, conscientious person who will develop a high degree of expertise and skill in a specialized job. Has the drive to get things done right and in accordance with established standards of accuracy and quality.
A conservative and analytical person who respects traditional organizational values. Reserved, serious, and thoughtful about everything to be done, is a no-nonsense worker who worries about getting things exactly right. Never superficial, will make sure that they know what they’re talking about before speaking. Needs a lot of certainty and structure in their work so that it meets very high, specific quality standards.
Employment History
STORE SUPERVISOR (OIC)
Industry:
Retail / Merchandise
Employment Period:
August 2000 to November 2001 (14 Months)
Duties and Responsibilities:
- Manage and controls all store operations that includes staff/employees
- Controls inventory/stocks
- Prepares forecasting report and sales report for accounting use
- Performs month-end inventory of stocks
- Cashiering using Visual Fox Pro
- Monitors marketing replenishments
- Prepares month-end report/performance
SENIOR ACCOUNTING STAFF
Industry:
Employment Period:
April 2004 to December 2008 (55 Months)
Duties and Responsibilities:
- Conduct frequent asset inventory to all Company Outlets and Head Office.
- Custodian of Asset for Disposal and Auction.
- Verifies the completeness of Inventory of Asset thru accounting records and assesses balances and frequent Asset Inventory.
- Prepares Store Monthly Depreciation Report of all Outlets and Head Office for internal use.
- Monitor and controls the issuance of accounting documents like Transfer of Asset; Disposal Slips; Gate Pass and Asset Acknowledgement Receipt
- Heads and Supervise EGRESS (store demolition).
- Coordinates with prospective buyers for asset disposal.
- Reconciles/checks with the supplier’s records.
- Bank Reconciliation.
PROPERTY ACCOUNTANT
Industry:
Accounting / Audit / Tax
Employment Period:
July 2009 to January 2011 (18 Months)
Duties and Responsibilities:
- Prepares Monthly Financial Statement Report such as:
- Balance Sheet & Trial Balance Schedule.
- Bank Reconciliation
- Subsidiary Ledgers.
- Schedule of Collection & Disbursement.
- Cash Position Report.
- Prepares BIR certificates for filing such as Vat 2550M & Q Expanded 1601E & 1604E
- Monitor & Control Petty Cash Replenishment
- Prepares monthly billing for Association Dues, Electricity / Water and Rental to Condo tenants.
- Issuance of Official Receipts for the cash collections from tenants.
ACCOUNTS PAYABLE SPECIALIST
Industry:
Call Center / IT-Enabled Services / BPO
Employment Period:
January 2011 to June 2013 (28 Months)
Duties and Responsibilities:
- Review and book all valid invoices, credit card transactions and expense reports coming from USA, Australia and Philippines.
- Maintain file of all valid vendor and ensure all records are properly archived both hard copy documents and soft copies.
- Prepares schedule for month end reporting such as Accrual Journals, Fixed Asset Depreciation, Expanded Withholding Tax and Vat.
- Prepares Monthly Flux Analysis for such accounts assigned by the Manager.
- Reviews compliance of approval of invoices and expense report based on approval limits of authority and keep a master list of specimen signature of approvers.
- Prepares Monthly Fixed Asset Depreciation and Disposals of Asset.
- Reconciles with supplier on a scheduled basis.
- File and prepares Philippine statutory reports thru EFPS such as 1601E/ 1604E, 2550Q /2550M, 1604E / 1604C, 1702 /1702Q.
- Acts as a Liaison officer to the bank, internal revenue law firm and other government agencies.
- Process and file Annual Business Permits and PEZA reports.
FINANCE OFFICER
Industry:
Construction / Building / Engineering
Employment Period:
June 2014 to June 2016 (24 Months)
Duties and Responsibilities:
- Undertake processing of accounts payable and review of accounts receivables, including disbursement vouchers, checks and Purchase order preparation.
- Verify, review and confirm the accuracy, validity and propriety of all project expenses, including completeness and authenticity of supporting documents in compliance on financial policies and procedures.
- Confirm cost codes, task codes and tax deductions for each transactions.
- Initiate investigation of discrepancies or any unusual claims, and propose corrective actions for review by finance manager.
- Provide logistical support to Project operations including general banking duties.
- Prepare schedule of Expanded Withholding Tax and Vat Relief with filing thru Manual and EFPS.
- Prepare Monthly bank reconciliation report.
ACCOUNTANT / CONSULTANT
Industry:
Call Center / IT-Enabled Services / BPO
Employment Period:
February 2017 to June 2020 (40 Months)
Duties and Responsibilities:
- Records journal entries for inter-company transactions and prepares reconciliation of balances.
- Prepares journal entries for amortization of prepaid expenses and intangibles, accruals, and other monthly recurring transactions.
- Inputs data on various MYOB Masterfile, which includes vendor & customer masterfile and cost centers.
- Records employee reimbursements, cash advances and liquidation.
- Prepares bank reconciliation statements.
- Prepares Daily Cash Position Report for budget monitoring.
- Prepares schedule for Monthly Expanded Withholding tax and Vat Relief with filing thru EFPS.
- Prepares schedules for the Monthly P&L and Balance Sheet Report.
- Process documentations for opening and closing of Corporate Bank Accounts.
Education History
Field of Study:
Finance/Accountancy/Banking
Major:
Banking and Finance
Graduation Date:
May 5, 2000
Located In:
Philippines
License and Certification: :
N/A
Skills
ADVANCED ★★★
-
MYOBMicrosoft OfficeBookkeeping
INTERMEDIATE ★★
-
Financial StatementsQuickBooksNetSuite
Work at Home Capabilities:
- Internet Bandwidth: 25 Mbps
- Working Environment: Private Room
- Speed Test Result: Download: 18.06, Upload: 54.05
- Internet Type: Fiber
- Hardware Type: Laptop
- Brand Name: LENOVO
- Processor: INTEL CORE I5
- Operating System: Windows 10
All-inclusive Rate: USD $8.49/hr
Amor
Candidate ID: 309290
ADVANCED
-
Accounting, Bookkeeping, Budgeting, Cash Disbursement...
INTERMEDIATE
-
QuickBooks, Xero...
Median Rate
$8.49
$9.29
if $1 = PHP52
$10.96
if $1 = PHP40
Currency Fluctuation Range
*includes service fee. Please note that hourly rates are linked to the exchange rate, and fluctuate slightly from month to month.
**Please note that hourly rates are linked to the exchange rate and fluctuate slightly from month to month.
Employment Preferences
(inclusive of service fee)
*Plus GST for Australian Businesses
Part Time: $USD 10.39 per hour or $USD 900.33 per month
Full Time: $USD 8.49 per hour or $USD 1471.65 per month
Remote Staff Recruiter Comments
- Amy is a Certified Public Accountant with 35 years of experience in end-to-end accounting. She's been with the government and renewable energy companies and is now keen to work remotely. At present, she is a project-based Finance Officer at a local company.
- Throughout the years, she became adept with the following:
- Data entry
- Cash management
- Budgeting
- Financial reporting and analysis
- Account reconciliation
- Taxation
- Bookkeeping
- Invoice and bill preparation
- She is exposed to Xero, QuickBooks, Microsoft Office Apps (Excel, Outlook, Teams) Zoom, and Google Forms.
- She is knowledgeable in MYOB and GST and has relevant work experience in using Xero for more than 2 years now.
- She enrolled herself in online courses for Australian Accounting and holds certifications for Xero and QuickBooks.
- She can start by February 12, 2024.
- She prefers working the morning or mid-shift to any part-time or full-time position.
Strongest Behaviors
- Detail-oriented and precise; follow-through is deep and literal to ensure tasks were completed in accordance with quality standards.
- Operationally, as opposed to socially, focused. Thinks, in specific terms, about what needs to be done and how to do it accurately and flawlessly; follows, in a literal way, that execution plan.
- Driven to protect the company against risk by thoroughly leveraging their background and strictly following “the book.”
Amor Corazon is a very conscientious person, particularly attentive to, careful of, and accurate with the details involved in the job. Identifies problems, and enjoys solving them, particularly within own area of expertise.
With experience and/or training, Amor Corazon will develop a high level of specialized expertise and efficiency. Disciplined and dedicated to the job and the company. Work pace is somewhat faster-than-average, and Amor Corazon is motivated by a real concern for getting work done on time and correctly. Discipline and circumspect thinking will lend caution to decision-making; plans ahead, double checks, and follows up carefully on decisions and actions.
Employment History
Finance Officer
Industry:
Consumer Products / FMCG
Employment Period:
June 2023 to January 2024 (7 Months)
Duties and Responsibilities:
Financial Accountant
Industry:
Utilities / Power
Employment Period:
August 2022 to January 2023 (5 Months)
Duties and Responsibilities:
- Sets up the organization details and financial settings in Xero.
- Sets up the chart of accounts.
- Sets up bank account feeds.
- Prepares invoices and bills.
- Issues invoices to customers.
- Sets up and prepares payroll.
- Reconciles bank balance with book balance.
- Prepares and submits financial statements (quarterly and annual) to the Parent Company
- Files income tax returns (monthly, quarterly and annual) and alpha list electronically to Bureau of Internal Revenue.
Internal Auditor III/II
Industry:
Government / Defence
Employment Period:
October 2019 to July 2022 (33 Months)
Duties and Responsibilities:
Finance Manager
Industry:
Oil / Gas / Petroleum
Employment Period:
September 2008 to June 2016 (92 Months)
Duties and Responsibilities:
Cashier IV
Industry:
Government / Defence
Employment Period:
August 1984 to December 2006 (268 Months)
Duties and Responsibilities:
May 1993 - Dec 2006
- Assisted the Division Chief in the supervision of collection, disbursement and fund management functions of the Treasury Division
- Checked the monthly reports of Collections and Disbursements.
- Handled the budgetary estimates of the Division
- Signed checks in the absence of the Division Chief
Jan 1991 - May 1993
- Reviewed the accounting documents and other statements that are for the signature of the Chief Accountant
- Prepared and submitted the Trial Balance of the agency for the signature of the Chief Accountant
- Reviewed the supporting schedules to the Trial Balance prepared by the bookkeeper.
- Prepared the bank reconciliation statements.
Aug 1984 - Dec 1990
- Verified disbursement vouchers with particular emphasis on compliance with governmental requirements on cash disbursements
- Prepared treasury reconciliation statements
- Recorded and maintained the books of account of the Department
- Handled actions required on voucher suspensions and disallowances by the external auditor a s may be required
Freelance Bookkeeper / Accounting Consultant
Industry:
Accounting / Audit / Tax
Employment Period:
January 2024 to August 2026 (31 Months)
Duties and Responsibilities:
Education History
Field of Study:
Commerce
Major:
Accounting
Graduation Date:
April 1, 1981
Located In:
Philippines
License and Certification: :
- Certified Public Accountant
Skills
ADVANCED ★★★
-
Accounting, Bookkeeping, Budgeting, Cash Disbursement, Cash Collection, Accounts Payable Management, Accounts Receivable Management,
INTERMEDIATE ★★
-
QuickBooksXero
Work at Home Capabilities:
- Internet Bandwidth: Greater than 100mbps
- Working Environment: Private Room
- Speed Test Result: https://www.speedtest.net/result/14256233293
- Internet Type: Fiber
- Hardware Type: Laptop
- Brand Name: Lenovo
- Processor: 12th Gen Intel Core i5
- Operating System: Windows 11
*includes service fee. Please note that hourly rates are linked to the exchange rate, and fluctuate slightly from month to month.
**Please note that hourly rates are linked to the exchange rate and fluctuate slightly from month to month.
Darren Aragon is a multifaceted writer with a background in Information Technology, beginning his career in research at Pen Qatar and transitioning through customer service to a significant role at Absolute Service, Inc. His journey into freelance writing in 2021 has seen him excel across various niches, showcasing his adaptability and deep understanding of audience engagement.
