TR Accounting Services

27/08/2026

BOOKKEEPING INSIGHT | PART 3 — RECONCILED. BUT DOES IT MAKE SENSE?

In Part 1, we looked at whether your bookkeeping is correct.

In Part 2, we looked at whether your books are complete.

Now there’s one more important question — do the numbers actually make sense?

Even with accurate reconciliation and complete records, the balances in your books still need to be reviewed.

Old invoices or bills that continue to show as outstanding may indicate that payments haven’t been matched correctly, or that something needs further investigation.

Loan balances should make sense against the supporting finance records. Payroll liabilities such as PAYG withholding and super should agree with the underlying payroll information.

Unusual or negative account balances can also be a sign that transactions have been incorrectly allocated or that something needs a closer look. Suspense and unallocated amounts shouldn’t simply sit unresolved without understanding what they relate to.

And personal transactions recorded as business expenses can distort your financial reports and may result in incorrect GST treatment if they aren’t identified and dealt with appropriately.

This is why good bookkeeping doesn’t stop once the bank is reconciled. It also involves stepping back, reviewing the balances and asking:

Do the numbers tell a clear and reliable story?

That brings us to the end of our three-part Bookkeeping Insight series:

Correct. Complete. Reviewed.
That’s reliable bookkeeping. ✔️

TR Accounting Services
Registered BAS Agent | Bookkeeping | Payroll | Xero Support

26/08/2026

💳 CARD PAYMENT SURCHARGES ARE COMING TO AN END

From 1 October 2026, businesses will generally no longer be able to add a separate card payment surcharge when customers pay using:

🔹 eftpos – debit and prepaid cards
🔹 Visa – debit, credit and prepaid cards
🔹 Mastercard – debit, credit and prepaid cards
🔹 American Express – credit cards

Businesses will still incur merchant and card-processing fees. However, these costs may need to be considered as part of the business’s overall pricing rather than being added separately when a customer pays by card.

What should businesses do before October?

✅ Review EFTPOS and online payment settings
✅ Check merchant fees and compare payment providers
✅ Review pricing to ensure card-processing costs are covered
✅ Update invoices, websites and customer payment information
✅ Check invoices issued before October but paid by card on or after 1 October

Businesses can still offer discounts for customers who use particular payment methods.

The changes only apply to fees charged because a customer pays by card. Genuine weekend surcharges, public holiday surcharges, booking fees and service fees are not affected.

Until 1 October 2026, the current rules continue to apply. Any card surcharge charged before then must not exceed the business’s actual cost of accepting that payment type.

Now is a good time to start reviewing your payment arrangements and pricing before the changes take effect.

For further information, please refer to the Reserve Bank of Australia:
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/2026-03/conclusions-paper/faqs

TR Accounting Services
Registered BAS Agent & Xero Certified Advisor

20/08/2026

BOOKKEEPING INSIGHT | PART 2 — RECONCILED. BUT IS IT COMPLETE?

In Part 1, we looked at why a reconciled bank account doesn’t always mean everything has been recorded correctly.

But there’s another important question — is everything there?

Not everything your books need will appear in the bank feed.

A supplier bill may need to be recorded before it has been paid. A customer invoice may need to be raised even though no money has reached the bank yet. Payroll also creates PAYG withholding, super and other liabilities that need to be properly recorded and reviewed.

Loans and finance are another good example. A repayment appearing in the bank feed doesn’t give you the full picture — principal, interest, fees and the outstanding balance may all need to be considered against the supporting finance documents.

There can also be other accounting adjustments and information that never appear as a transaction in the bank feed at all.

So, while having your bank reconciled is important, it’s only part of maintaining complete and reliable books.

Reconciliation tells part of the story.
Good bookkeeping completes the picture.

This is Part 2 of our Bookkeeping Insight series — next, we’ll look at one more important question:

The books may be reconciled, correct and complete… but do the numbers actually make sense?

TR Accounting Services
Registered BAS Agent | Bookkeeping | Payroll | Xero Support

12/08/2026

BOOKKEEPING INSIGHT

PART 1 — RECONCILED. BUT IS IT CORRECT?

Seeing that green tick and a reconciled bank account is a great start. ✔️

But reconciliation alone doesn’t always mean the bookkeeping behind it is correct.

One issue I often come across is an invoice or bill being manually marked as paid, and then the actual bank transaction being recorded separately as income or an expense. The bank transaction may be reconciled, but the result can be duplicated income or expenses.

The same applies when a payment is recorded but not matched to the correct bill or invoice, or when money transferred between business bank accounts is recorded as income and expenses instead of a transfer.

And even when everything appears reconciled, incorrect account allocation or GST treatment can still affect your financial reports and BAS.

That’s why good bookkeeping is about more than getting the bank reconciled — it’s about making sure the transactions behind that reconciliation have been recorded correctly.

A green tick is a good start.
Correct bookkeeping goes further.

This is Part 1 of our Bookkeeping Insight series — next, we’ll look at why reconciled doesn’t always mean complete.

TR Accounting Services
Registered BAS Agent
Bookkeeping | Payroll | Xero Support

01/08/2026

🎡 Hello August!

August is here, and what better way to kick off the month than with the FeNaClNG Festival here in Karratha!
From exciting rides and delicious food stalls to the spectacular fireworks on Sunday night, we hope everyone enjoys a fantastic long weekend with family and friends.

As you enjoy the celebrations, don't forget August also brings some important ATO deadlines:

📅 21 August – Monthly IAS due
📅 25 August – April–June Quarterly BAS due
📅 28 August – Taxable Payments Annual Report (TPAR) due

At TR Accounting Services, we're continuing to support our clients through August lodgements while improving our systems, sharing practical business resources, and helping businesses stay organised, compliant and tax-ready throughout the financial year.

Have a wonderful FeNaClNG Festival weekend!

TR Accounting Services
We Care. We Support. You Grow.

28/07/2026

Small habits. Big difference.

One of the biggest reasons businesses struggle at BAS time is that GST collected and PAYG withholding have already been spent before the BAS payment is due.

A simple solution is to set these amounts aside as you go:

✅ GST collected from customers
✅ PAYG withholding deducted from employee wages

By setting these amounts aside regularly, BAS time becomes far less stressful and your business cash flow is easier to manage.

Need help understanding your BAS obligations or getting your bookkeeping up to date?

📩 Send us a message.

TR Accounting Services
We Care. We Support. You Grow.

15/07/2026

🚨 IMPORTANT UPDATE FOR EMPLOYERS – No More Super Guarantee Charge Statements!

From 1 July 2026, employers no longer need to lodge a Super Guarantee Charge (SGC) Statement if employee super is paid late.

Instead, the ATO will calculate the Super Guarantee Charge and send you a Notice of Assessment.

⚠️ This is not a free pass to pay super late.

If you don't pay your employees' super on time, you'll still have to pay the unpaid super plus additional costs.

The ATO will automatically calculate:
✔️ The unpaid super
✔️ Interest
✔️ Any applicable additional charges and penalties

They will then issue you with a Notice of Assessment showing the total amount you need to pay.

💡 In short: No more SGC Statements—but paying super late can cost you more than paying it on time.

🌟 Golden Payroll Tip: Before a new employee starts work, make sure you've collected all employment paperwork, including their Tax File Number Declaration, Super Choice Form, and any other required employee information. A few minutes of preparation can save hours of payroll issues and help keep your business compliant.

If you're unsure how these new Payday Super rules affect your business, we're here to help.

TR Accounting Services
📞 Registered BAS Agent | Payroll & Super Specialists | 0493 463 952

07/07/2026

30/06/2026

Happy New Financial Year! 🤩

As we begin another financial year, we'd like to take a moment to thank all of our clients for your continued trust and support.

We're also delighted to welcome the businesses who joined TR Accounting Services during the last quarter. Thank you for choosing us to support your bookkeeping, payroll and BAS needs. We look forward to supporting you throughout the year ahead.

To ensure we continue providing the high level of service our clients expect during this busy EOFY and tax time period, our July client intake is now closed.

If you've been thinking about working with us, don't worry—you can join our waitlist, and we'll be in touch as soon as a place becomes available.

Here's to a successful and prosperous new financial year! 🥂

💬 Comment "Waitlist" below if you'd like to be contacted when we're accepting new clients again.

The TR Accounting Services Team
We care. We support. You grow.