Key Facts Every Business Start-Up Should Know

Starting a new business? Brilliant! Whether you're fixing cars, designing logos, or walking dogs, there's some stuff you need to know to keep things smooth and stress-free. Here’s your go-to guide — no jargon, no fluff.

1. You Need an ABN

An Australian Business Number (ABN) is a must if you're running a business. It’s like a licence plate for your business. You’ll use it on invoices, quotes, and when dealing with suppliers or the ATO.
Register here: https://www.abr.gov.au

2. Choose a Business Name (If You Want One)

If you're trading under your own name, no need to register. But if you want something catchy — like "Top Dog Walks" instead of "Sally Smith" — you’ll need to register it.
Register here: https://www.asic.gov.au

3. Keep Good Records from Day One

Seriously, don’t wait. Track every cent that comes in or out. Use tools like eCashBooks to:

• Send quotes and invoices

• Record income and expenses

• Scan and read receipts automatically

• See your financials on a dashboard anytime

It’ll save time and headaches later.

4. Know Your Tax Obligations

You might need to:

• Lodge a tax return (every year)

• Charge GST (if you earn over $75,000)

• Complete BAS (if you're registered for GST)

• Put money aside for tax — don’t spend it all!

eCashBooks makes tax-time prep a breeze.

5. Keep Business and Personal Separate

Use a separate bank account for business stuff. It’s cleaner, easier, and helps you see exactly how your business is going.

6. Invoicing is Key

Get paid faster by sending invoices quickly. Add due dates. Highlight overdue ones. eCashBooks will even nudge clients for you.
Tip: Add payment terms like "7 days" or "Due on receipt" so people know what you expect.

7. You’re Allowed to Ask for Help

You don’t have to figure it all out alone. From business mentors to AI-powered tools like eCashBooks, support is everywhere.

Use:

• Online guides and videos

• eCashBooks built-in help

• Accountant-ready reports

• In-app ticketing when you're stuck

What’s Next?

This is just the start. In future blogs, we’ll cover:

• How to price your services

• What you can and can’t claim

• Setting business goals

• Dealing with slow-paying clients

FAQs

Q: Do I need an accountant to start a business?
A: Not always. Tools like eCashBooks make it easy to manage your own records. But a good accountant can help with strategy and tax planning.

Q: When do I have to register for GST?
A: Once your business earns over $75,000 in a year, you must register for GST and lodge BAS regularly.

Q: What’s the best way to track expenses?
A: Start from day one with tools like eCashBooks that let you scan receipts, record purchases, and generate reports.

Q: Can I use my personal bank account for business?
A: Technically yes, but it’s messy. A separate business account is much better for clarity and bookkeeping.

Q: How soon should I start invoicing clients?
A: Immediately! Get into the habit early. The sooner you send invoices, the sooner you get paid.

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Starting your own business should feel exciting, not overwhelming. Keep it simple, stay consistent, and use the right tools — like eCashBooks — to back you up. You’re not just running a business. You’re building your future.

Call to Action

Ready to make business simple? Start your eCashBooks free trial today: https://www.ecashbooks.com