Bookkeeping software for Australia: bank feeds, receipts and the A$ ledger
Finn keeps your books in Australian dollars, with dates in day, month, year order and the July to June financial year built in. Bring bank activity in by uploading a CSV or PDF statement, or by connecting Mercury, Wise, Stripe or Revolut where you use them. Finn categorises each line with your business context and flags anything uncertain for your review rather than guessing.
Receipts take seconds. Email one in, or send a photo by WhatsApp, Telegram or Slack, and Finn reads it, matches it to the bank line and records the GST. At month end Finn reviews the ledger and raises exceptions, you clear them, and the period is locked. Everything stays tied back to the source document, so your bookkeeper or agent can trace any figure.
- Categorises transactions using your own business context
- Matches receipts, bills and invoices to payments
- Splits GST-free and input-taxed items correctly
- Raises exceptions for you to clear at month end
28 OctThe BAS Q1 Jul-Sep lands on 28 Oct. Finn puts it on your calendar and reminds you ahead of it.
GST and BAS software: the 10% rate, quarterly lodgement and the 75,000 dollar threshold
Australian GST is a flat 10% on most goods and services, with GST-free supplies such as basic food and exports, and input-taxed supplies such as residential rent. Registration is required when GST turnover reaches 75,000 dollars, measured over the current or projected 12 months, and you have 21 days to register once you must. You need an ABN first.
The BAS is quarterly. The due dates are 28 October, 28 February, 28 April and 28 July, with extra time for online lodgement or a registered agent on most quarters. Finn prepares the GST, PAYG withholding and PAYG instalment figures for each quarter and tells you the amount payable. You lodge the BAS with the ATO, or your agent does.
- Prepares GST figures for each quarterly BAS
- Tracks PAYG withholding and PAYG instalments alongside GST
- Watches your turnover against the registration threshold
- Shows the next due date before it arrives
Company tax in Australia: the company tax return, 25% and 30% rates and PAYG instalments
Company tax is 25% for base rate entities, meaning companies with aggregated turnover under 50 million dollars and no more than 80% passive income, and 30% for all other companies. Most Australian small businesses are on the 25% rate. Finn keeps the ledger in a form that makes the tax computation straightforward at year end.
A self-lodged company tax return is due on 28 February after the financial year ends, and a registered tax agent can often secure a later date. PAYG instalments are quarterly advance payments of company tax, credited against the final liability. Finn also knows the Instant Asset Write-off for eligible small business assets under 20,000 dollars and the R&D Tax Incentive, and raises them where your activities might qualify.
Single Touch Payroll, PAYG withholding and superannuation
Single Touch Payroll (STP) is mandatory for every Australian employer, with payroll, PAYG withholding and super information reported to the ATO on each pay run through STP-enabled software. The annual STP finalisation declaration is due on 14 July. From 1 July 2026 Payday Super applies, so superannuation guarantee is paid on every payday rather than quarterly. The rate is 12%.
Finn keeps wages, withholding and super in your ledger and reminds you what each pay run creates in liabilities. The STP report itself is sent from your payroll software. Fringe Benefits Tax is a separate 47% tax with its own 1 April to 31 March year, and and the return is due on 21 May where it applies.
- Super guarantee at 12% paid on every payday
- STP finalisation due 14 July
- PAYG withholding reported on the BAS
- FBT return due 21 May where it applies
ASIC annual review, Director ID and Pty Ltd obligations
Every company registered with ASIC gets an annual review on the anniversary of its registration. From 1 July 2026 the fee is 342 dollars for a proprietary company, payable within two months of the review date, and late fees apply after that. A proprietary company also passes a solvency resolution each year. ASIC indexes these fees every July, so Finn checks the current figure before quoting it to you.
Every director needs a Director Identification Number, applied for free through the Australian Business Registry Services and held for life. Finn tracks your review date and reminds you ahead of it. The payment and confirmation happen on the ASIC side, with you or your agent doing the lodging. Finn keeps the records and dates in order so the lodgement takes minutes.
Sole traders and small business in Australia
A sole trader has no separate company tax. You report net business income on your personal tax return at individual rates, which for 2026-27 start with nothing on the first 18,200 dollars and then 15c, 30c, 37c and 45c in the dollar across the higher bands. The 2% Medicare levy applies on top for most people.
You need an ABN, you register for GST once turnover reaches 75,000 dollars, and you pay PAYG instalments through the BAS. Finn tracks income, expenses and GST through the year so your return and your BAS start from clean figures. Sole traders also get the same receipt capture and month-end review as companies.
Switching from MYOB, Xero or QuickBooks
Most Australian small businesses arrive from MYOB, Xero or QuickBooks, often with a bookkeeper in the middle. Moving over is a CSV export and an upload. Export your transactions, contacts and chart of accounts from the old package, and Finn maps the columns itself, so no template is needed and no manual reformatting.
There is no lock-in, and your bookkeeper or registered agent can keep access. A sensible path is to start at the beginning of a BAS quarter so the quarter's figures sit in one place, then check the first BAS against the old package. Finn carries across your open invoices and bills, so customers and suppliers keep their balances. If your bookkeeper prefers, they can keep reviewing the books from their own login.