Passing on card fees on trade invoices: the rules
A card fee is a real cost of getting paid, but recovering it is a disclosure decision as much as a pricing one. Get the disclosure wrong and the fee becomes a complaint.
11 min read
Topic
Bookkeeping
Articles and news about Bookkeeping for Australian builders.
Passing on card fees on trade invoices: the rules
A card fee is a real cost of getting paid, but recovering it is a disclosure decision as much as a pricing one. Get the disclosure wrong and the fee becomes a complaint.
11 min read
Leave accruals: the wages liability small builders forget
Leave that staff have earned is money the business owes them, whether or not it has been taken. Left out of the numbers, it flatters the profit and arrives as a cash shock when someone leaves.
11 min read
Vehicle and tool deductions: the records a builder needs
A vehicle or tool deduction is only as good as the record behind it. Builders who keep a trip log, a tax invoice and a documented business share can explain every claim line by line.
11 min read
Paying subcontractors correctly: the invoicing and TPAR workflow
Most subcontractor disputes are not caused by the contract, they are caused by what happened between the invoice arriving and the money leaving. Here is the payment and reporting workflow that keeps the tax file, the contract file and the site file saying the same thing.
12 min read
Business systems that keep a small building company sane
Most small building companies do not have a systems problem, they have a document-control problem. This is a template and control approach that keeps quoting, bookkeeping, WHS and project records consistent without adding software.
13 min read
What records NSW builders must keep, and how long to hold them
Retention is where most building businesses quietly fail. The records exist; they are just not findable, not complete, or not held for the period the law requires.
13 min read
Setting up bookkeeping systems for a building company
Most builders do not have a bookkeeping problem, they have a structure problem. The accounts are tidy enough; the job costing underneath them does not tell you which job made money until it is too late to do anything about it.
13 min read
GST and BAS for building businesses: getting the mechanics right
GST on a building job is not one calculation at the end. It is a calculation attached to every progress claim, deposit, variation and retention release, and the BAS is where those calculations land. Get the timing wrong and you fund the ATO out of your own working capital.
10 min read
Supplier accounts and credit terms: buying materials without funding the job yourself
A trade account is not a favour from your supplier — it is a credit facility secured against you. Read the terms like one, and time your deliveries to the claim cycle.
13 min read