Farming is demanding enough without bookkeeping, payroll and BAS adding to the workload.
Between changing seasons, weather, rising costs, managing employees and keeping the day-to-day operation moving, there is always something requiring your attention.
Having reliable financial systems and up-to-date accounts can make running the business that little bit easier.
At T3 Partners, we provide bookkeeping, payroll and BAS services to farming and agricultural businesses across Australia.
As Registered BAS Agents and experienced bookkeepers, our team brings practical experience working with agricultural businesses, including banana and cane farming operations.
We understand the seasonal nature of agriculture and the importance of accurate bookkeeping, reliable payroll and staying on top of your reporting and lodgement obligations.
Practical Experience in Agriculture
Agricultural bookkeeping can be very different from bookkeeping in other industries.
Seasonal income and expenditure, fluctuating staffing levels, machinery and equipment purchases, Fuel Tax Credits, GST and changing cash-flow requirements can all add complexity to the accounts.
When your bookkeeper is already familiar with the practical financial requirements of agricultural businesses, you don’t have to spend valuable time explaining the basics of how your operation works.
Our role is to keep the financial side of your farming business organised, accurate and up to date. This gives you better information and more time to concentrate on running the business.
Bookkeeping Services Built Around Your Farm
Every farming operation is different.
A family-run farm will have different requirements from a larger agricultural business employing permanent and seasonal workers. That’s why we tailor our services to the way your business operates.
Depending on your needs, T3 Partners can assist with:
- Day-to-day bookkeeping and bank reconciliations
- Accounts payable and receivable
- Payroll processing and employee record management
- Single Touch Payroll (STP) reporting
- Superannuation processing
- BAS and IAS preparation and lodgement
- GST coding and reconciliations
- Fuel Tax Credit calculations and claims
- Cash-flow reporting and budgeting support
- Monthly financial and management reporting
- Year-end preparation and liaison with your accountant
- Ongoing bookkeeping and financial administration support
Whether you need a fully outsourced bookkeeping service or additional support for your existing team, we can tailor our involvement to suit your farming business.
Payroll That Keeps Up with Your Workforce
Payroll in agriculture can change significantly throughout the year.
Permanent employees may be joined by casual and seasonal workers during busy periods, while changing hours and staffing levels can make payroll administration more time-consuming.
T3 Partners can assist with the payroll process, including:
- Employee setup,
- Regular pay runs,
- STP reporting,
- Superannuation processing and,
- Maintaining payroll records.
We work with you to establish reliable payroll processes and can liaise with your accountant or other professional advisers where specialist employment or award interpretation advice is required.
The result is a more organised payroll process that can adapt as your workforce changes throughout the season. work with you to establish reliable payroll processes that can adapt as your workforce changes throughout the season.
We can also liaise with your accountant or other professional advisers where specialist employment or award interpretation advice is required.
The result is a more organised payroll process that can adapt as your workforce changes throughout the season.
BAS, IAS and GST Support
Keeping your accounts up to date throughout the year makes meeting your BAS and IAS obligations much easier.
As Registered BAS Agents, T3 Partners can prepare and lodge your BAS and IAS. We can also assist with the GST treatment and coding of your day-to-day business transactions within the scope of our BAS Agent services.
Regular reconciliations also help identify discrepancies early, rather than discovering them when a BAS deadline or year-end is approaching.
It’s about keeping things organised throughout the year rather than scrambling to put everything together at lodgement time.
Fuel Tax Credit Support
For many agricultural businesses, fuel is a significant operating cost, and Fuel Tax Credits can form an important part of the BAS process.
The rules and applicable rates can vary depending on how and where fuel is used.
T3 Partners can assist with:
- Calculating Fuel Tax Credits based on your business records and eligible fuel use,
- Maintaining appropriate supporting information
- Incorporating the claim into your BAS.
Keeping accurate records and reviewing Fuel Tax Credits regularly helps ensure claims are properly supported and calculated using the applicable rates.
Better Visibility Through Every Farming Season
Agricultural cash flow rarely follows a neat monthly pattern.
Income can be seasonal while wages, fuel, equipment, repairs and other operating costs continue throughout the year.
Having current financial information makes it easier to see what is happening in the business and prepare for the months ahead.
We can provide regular financial reporting and budgeting support to help you:
- Monitor income and expenses
- Understand cash-flow movements
- Compare actual results against your expectations
- Prepare for upcoming expenses
- Keep track of the financial position of your business
Good financial information doesn’t replace your knowledge of your farm. It gives you another tool to help make informed business decisions.
Working With Your Accountant
Your bookkeeper and accountant each have an important role to play in your business.
T3 Partners can work alongside your accountant throughout the year, helping to keep your accounts reconciled and supporting records organised so the information they need is readily available.
When year-end arrives, well-maintained accounts can make the process smoother for everyone involved.
We believe good communication between the business owner, bookkeeper and accountant creates a stronger financial administration team around your farming business.
You Run the Farm. We’ll Run the Numbers
You know your farm and your agricultural business. We know bookkeeping, payroll and BAS.
Our aim is to take care of the day-to-day financial administration so you can spend less time behind a desk and more time concentrating on your operation.
As your business changes, our services can change with you.
Whether you’re expanding production, employing more people, investing in new equipment or simply looking for better systems and more reliable financial information, T3 Partners can provide practical support along the way.
We value long-term relationships built on good communication, reliability and an understanding of how our clients’ businesses operate.
Looking for a Bookkeeper Who Understands Agriculture?
If you run a farming or agricultural business and need help with bookkeeping, payroll, BAS, Fuel Tax Credits or financial reporting, we’d be pleased to have a conversation.
Talk to T3 Partners about your farming business.
We work with agricultural and farming businesses across Australia and can tailor our bookkeeping and payroll services to suit the size, structure and needs of your operation.