First of all, a Bookkeeper does not have to be a BAS agent! Bookkeepers can also be BAS agents! However, if a business requires a bookkeeper agreement to provide BAS services, a BAS agent must be registered. BAS agents can only communicate with you on behalf of ATO and your responsibilities to ATO unless they are bookkeeper employees. You
BAS bookkeepers and agents play a vital role in any business. It contributes to the expectation of helping to maintain accurate and up-to-date financial records for each month, quarter, and end of the financial year.
However, it is important to note that there is a clear line between the two roles and responsibilities as given below.
Bookkeeper Responsibilities
Bookkeeping looks different from one business to another. However, the common tasks that bookkeeping usually performs include:
- Financial transaction record
- Bank Solutions
- Bank feed management
- Accounts Receivable Processing
- Accounts Payable Processing
- Preparation of financial reports
- Work with your business tax representative/Bookkeeper to help you meet your tax needs.
- Collaborate with business owners or business management with some human resource and payroll tasks *
BAS Agent Responsibilities
Registered BAS agents must have the required qualifications and experience as mentioned in the 2009 Tax Agent Service Regulation (TASR), see Board of Professional Tax Practitioners (TPB).
Advanced BAS / bookkeeping services include, but are not limited to:
- ABN, TFN trade name registration
- GST Registration, p
- Software installation and training
- One-Touch Payroll Processing (STP)
- EOFY reporting for STP
- Retirement
- Annual tax payment report
- Prepare and maintain BAS / IAS – monthly or quarterly
- Complex budget
- Reporting – Quarterly audit/year-end audit
- Contact the Revenue Department as an agent
Note: BAS representatives can perform all the duties and responsibilities of a Bookkeeper. And many other jobs and often have the latest knowledge and experience in bookkeeping.
Contract Bookkeepers who provide BAS Agent Services in Australia for a fee. The BAS agent must be registered, as well as run a one-year professional study program.
Abstract
As an employer, you are responsible for hiring a registered BAS agent if you want a contracted Bookkeeper to perform the BAS service.
If you are not sure if your bookkeeper is registered or not, please visit TPB’s website and search for registration.
Find the dealer’s registered BAS number along with this code.
A Bookkeeper and BAS Agent play an integral part in any business So what is the difference and what are their responsibilities
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