BAS Agent

Since 2010 all bookkeepers providing a BAS Service are required to register as a BAS Agent.

 

The requirements of a BAS Agent are:

  • Certificate iv in Financial Services – Bookkeeping or Accounting;

  • Over 1000 hours relevant experience;

  • Professional Indemnity insurance; and

  • Ongoing Professional Development.

 

What does that mean for you?

In the past, a bookkeeper was able to complete an accounting software course and start charging for their services. Unfortunately, due to their lack of experience, they often left a mess. The client could do nothing about it except find someone else who, hopefully, would be able to clean up the mess. It is a costly exercise both financially and emotionally.

 

As a BAS Agent there is a professional Code of Conduct in relation to:

  • Honesty and integrity

  • Independence (acting lawfully)

  • Confidentiality

  • Competence

 

Breaching the Code of Conduct can result in termination of the registration and Civil Penalties involving fines up to $137,500. At last there is something that can be done if you are left in a mess.

 

We are Registered BAS Agents so that may give you confidence in the numbers, but at Insightful Bookkeeping we believe that great bookkeeping is not just about getting the compliance right … it’s about empowering you around your finances!

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