How Often Should I Do My Bookkeeping?

Staying on top of your bookkeeping means more than just being organised.

It helps you: 

• Understand your cash flow 

• Stay compliant with the ATO 

• Avoid penalties and missed payments 

• Make better decisions for growth 

  
  

One of the most common mistakes we see is waiting until the end of the quarter or even the financial year to sort everything out. By then things are harder to track and remember, and opportunities for savings tax dollars might slip through the cracks. Regular bookkeeping gives you clarity and control. 

Weekly Bookkeeping Tasks 

For many businesses, checking in once a week is ideal. This doesn’t have to take long. Just 15 to 30 minutes a week can help you stay up to date. 

Here’s what a weekly routine can include: 

• Reconciling bank transactions 

• Uploading receipts and invoices 

• Following up on unpaid invoices 

• Reviewing income and expenses 

  
  

By doing these small tasks weekly means you won’t be playing catch-up later on. 

Monthly Bookkeeping Habits 

Alongside your weekly routine, it’s helpful to take a closer look once a month. A monthly review gives you a bigger picture of your business performance. 

Here’s what you can focus on monthly: 

• Checking your profit and loss statement 

• Reviewing your cash flow 

• Making sure your payroll is up to date 

• Allocating money for tax and super 

  
  

At Rise Accountants, we help clients build easy, repeatable habits to keep their finances in shape all year round. 

Not sure how often you should be doing your books or which routine fits your business best? 

Book your FREE 15 Minute Discovery Call