BAS Agent’s Blog

How do I sign forms from e-BAS Accounts?

Our last blog looked at engagement letters and why they are important for our clients (and for us!). The final part of the process when creating an engagement letter for clients is the signing of the document. The client needs to sign the letter and we also need to sign it. In days gone by, we would draft the letter, send it via email to the client and request signature. The client would then have to print out the letter, sign it, scan it and then email or mail it back to us. We would then do the same and email/mail back to the client for record-keeping purposes. This process was both time consuming and convoluted. You’ll be glad to hear that we don’t do this any more! We use a much better system which is completely cloud-based. We use Adobe Sign. No more paper and no more scanning (and no more snail mail). Here’s how it works.

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Why do I have to sign an engagement letter?

It is customary across many professional industries to use engagement letters or client agreements when on-boarding a new client. They are used by most accounting professionals and are considered best practice. An engagement letter protects both the consultant and the client in the event anything should go awry during the engagement. We certainly use engagement letters in our practice and if you are a new client you will be asked to sign one. The engagement letter is step three in our on-boarding procedure (see step one here and step two here). This blog will cover why you need to sign one and details what we include in our letters.

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How do I provide our company information to e-BAS Accounts?

At the beginning of our client on-boarding process, we get together with the potential client to discuss if we are both a good fit for one another. If it turns out that a lead would like to engage our services, we then proceed to part two of our onboarding procedure – gathering information about the client’s business. We do this so we can easily and quickly set up the client in our systems i.e. CRM, project management software and BAS Agent Portal. We use a form that we created in our Clickup acccount that is emailed to the client and can be completed online. Here is the link to that form for anyone who is interested in what that looks like.

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Potential client interview questions

Today we continue our series of blogs which go to explain how we work with our clients at e-BAS Accounts. Our first blog in the series explained how we connect with our clients to process their BAS. This one outlines part one of our procedure when onboarding new clients – the potential client interview. The interview allows us to “get to know each other” and decide if we’re a good fit for one another. The interview is complimentary and is never on-charged to the client. The interview questions are as follows:

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How we work with you to get your BAS done

When I’m checking out companies on social media I often see that they’re doing exactly what I’m doing – sharing content related to their industries rather than sharing information directly about their companies. They do this so as not to come off as doing the “hard sell” to potential customers but rather go the “soft sell” approach by offering free content in the hopes that customers will visit their website through sheer intrigue. Don’t get me wrong, this approach does work – I should know, I use it! Lately, however, when pursuing companies on social media, I’ve started to really wish that they would just tell me what their product does and how to use it. Yes, I appreciate the extra free content they provide, but in general, if I’m half interested in their product, all I really want to see is information about that product. So that said, I’ve decided to apply this rationale to my own blogging strategy for a bit because I wouldn’t mind betting there are potential customers out there saying the same thing about this e-BAS Accounts! For the next few weeks, this blog will be all about e-BAS Accounts – how we work and the products and services we provide. That’s right – it’s going to be all about us – the how, why and what! To kick off this new blogging strategy, today’s blog is going to be all about our Business Activity Statement (BAS) procedure. I’ll explain what we do and what clients need to do (and stop doing) to make this “system” work.

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10 facts about public holidays that can affect your payroll

Any employer (and bookkeeper) will tell you that processing payroll is a complicated task. It’s subject to many variances brought on by both individual employee requirements and state-based payroll laws. Something else that can affect payroll is public holidays and as Easter is fast approaching, we thought it timely to bring this topic to the fore. Here are 10 facts about public holidays that can impact your payroll:

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It’s vehicle log book time again!

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There are only 16 short weeks until the end of the financial year (freak out!). If you haven’t yet recorded a vehicle logbook for tax purposes for the 2016 tax year, you need to start now. This is because a logbook must be kept for 12 continuous weeks. So what is a vehicle logbook and how does it relate to expense claims?

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Recipient created tax invoice template (free download)

Sometimes business owners are required to create tax invoices on behalf of their suppliers. This type of tax invoice is known as a recipient created tax invoice (RCTI). For more specific information about the RCTI, go to our blog here – there’s a free fact sheet to download! The main thing about the RCTI is that you must ensure the information you are using to create them is current and correct. The ATO has an updated template for you to download. This template will help you create the perfect RCTI!

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Can I pre-pay my tax? Yes you can!

Once upon a time, believe it or not, you couldn’t pre-pay your tax – no, really! If you tried to do this, the ATO would just refund it straight back to you because they didn’t know what to do with it! Well, as of January 2016, this has all changed!

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12 Best Bookkeeping Tips (you’re welcome)

At this time of year we’re all thinking about Christmas and one of the best songs for the festive season is “The 12 Days of Christmas”. In keeping with this theme, this week we’re bringing you our 12 very best bookkeeping tips – it’s our gift to you! These tips will suit business owners at every stage, from start ups to old hands. Enjoy!

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