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Fax, email or upload to us your bank statements, sales and cheque details and credit card statements each month We code your statements to the appropriate accounts and tax code We reconcile your bank statements and credit card statements We convert this information into crucial financial reports (including BAS) We notify you of any suspect transactions We use a checklist so that nothing is missed We conduct phone meetings Free online support and resources While no doubt this is the cheapest and easiest method to go with keep in mind the onus is on you to supply all the supporting documentation should you be audited. This means keeping receipts and sale invoices for a period of at least five years from the date of the claim. Also working from bank statements produces what accountant's call historical data, what this means is there is no way of producing real time reports before the close of the period that may enable you to make important business decisions that would effect the outcome.