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Small Business Expense Tracker (Australia)
Track small business income, expenses and GST in A$, ready for BAS and tax time. Built for sole traders.
Good records are the backbone of a small business. A simple expense tracker means you always know your profit, your GST and what to set aside for tax.
What to track
- Every sale and invoice
- Every expense, with category and GST amount
- Receipts, saved with each entry
- A tax set-aside amount each month
GST in a nutshell
Registered for GST? You collect 1/11 of GST-inclusive sales and can usually claim GST credits on business purchases. Registration is required once turnover hits A$75,000. See our GST tracker guide.
Upgrade when you're ready
Start with a spreadsheet; move to an accountant or accounting software as you grow.
Related guides
- Fortnightly Budget App (Australia)
- Envelope Budgeting (Australia): The Digital Way
- Tax Time Checklist (Australia)
- Secret Santa and Kris Kringle Budget (Australia)
General information only, not financial or tax advice.
FAQ
Is this tax advice?
No. General information only. Check the ATO or a registered agent.
How long must I keep records?
The ATO generally requires five years.
Do I need an ABN?
If you're carrying on a business, generally yes. Check abr.gov.au.
Try it in an app
Sole Trader Tax & BAS (A$65, one-off): Track income, expenses and GST, see BAS figures by quarter, and estimate how much tax to set aside. Versions for AU, UK, US and Canada.
Side Hustle Tax (A$29, one-off): Track side-hustle income and expenses by Australian financial year, set money aside for tax, and watch the GST turnover threshold.