NDIS Sole Trader Foundations of Bookkeeping, presented with okke - webinar replay

Recorded 3 May 2023

Are you building a new NDIS business or want to grow the NDIS part of your business?

Knowing how to set up and systemise your bookkeeping, invoicing and cashflow systems is a key part of running a successful business - no matter the industry. However, having the specialised information delivered specific to working within the NDIS system is priceless.

With our friends at okke, we cover in this webinar:

- Setting up NDIS compliant business systems

- Understanding what the NDIA and Plan Managers are looking for in service provider invoices

- Understand and simplify your tax and reporting obligations

- Remove financial admin stress and get back to doing what you do best!

This webinar features our friends at @okayokke who are passionate about NDIS sole traders and helping them simplify the management of their cashflow and finances so that they can focus on the more important things.

KEY TAKEAWAYS:

-Set aside time on a regular basis to go over your bookkeeping, whether it's weekly or fortnightly, so it doesn't pile up.

-Have a separate bank account for only business transactions, keep it separate from personal finances

-Put a system in place for record keeping that will make it easy for you to pull up documents as you need them.

RESOURCE LINKS:

Sole trader income tax offset information

https://www.ato.gov.au/business/income-and-deductions-for-business/in-detail/small-business-income-tax-offset/?page=4

Information regarding GST for NDIS services:

https://www.ato.gov.au/business/gst/in-detail/your-industry/gst-and-health/?page=6

Money Smart tax calculator:

https://moneysmart.gov.au/income-tax/income-tax-calculator

NDS Provider toolkit download to make sure you are compliant:

https://www.nds.org.au/images/resources/resource-files/NDIS_Provider-Toolkit-2015_.pdf

Okke invoicing and bookkeeping software, free for 6 months with unlimited NDIS compliant invoices:

https://okokke.com/ndis-invoicing

okke bookkeeping terms glossary

https://bit.ly/okkebookkeepingglossary