Online service businesses

Bookkeeping for businesses selling services online, often with subscription revenue and international payment platforms.

Platform fees and foreign currency payouts change the reconciliation. More than one currency moves the file out of the fixed single-currency packages.

Workflow notes

• Platform payout checklist
• Fee coding
• Subscription revenue questions

Onboarding questions

• Which platforms collect payment?
• Are customers outside Australia?
• Is revenue billed in Australian dollars?

Limits

International tax registration is not determined by the bookkeeping service.