Electrical Axuz

Australian Industry Trade Register
& Contractors Technical Toolbox

Operating as an Electrical Contractor

Since the introduction of GST the paperwork has increased and a computer with an accounting package is essential to keep up with increased workload. Most small to medium sized businesses in Australia use Quicken or MYOB accounting software. The integrated packages can invoice customers, manage purchases and GST with plugins for payroll etc.

This type of software that is cost effective and efficient at what it is designed to do but it must be set up to suit individual businesses. Learning how to generate reports to be used for other business purposes introduces new efficiences and better managment techniques.

You cannot leave setting up the computer to the office girl or just install it and hope for the best. Learning to customise the package and generate custom reports unleashes huge potential on your desktop that is often ignored. Calculating the expenditure by category, class, customer or job provides factual data that simplifies estimating, calculating markup, allocating overheads and preparing tax returns.