Record
Enter income and expenses as they happen. GST and the business portion of mixed expenses calculate for you.
One simple workbook to record what your business earns and spends, keep the records sole traders most often claim, and see where you stand every quarter.
Most sole traders lose deductions not because they can't claim them, but because the records aren't there when it counts. This toolkit makes recording a weekly habit rather than a year-end scramble.
Enter income and expenses as they happen. GST and the business portion of mixed expenses calculate for you.
Record business trips and the hours you work from home at the time — the evidence many claims depend on.
Check your GST position and instalments, then work through the quarterly checklist before anything is due.
Enter your business name once on the Setup sheet and it appears at the top of every page.
The ATO cents per km rate for 2026-27 (88c for 2024-25 and 2025-26), up to 5,000 km per car. Pre-loaded and editable.
The ATO fixed rate for 2024-25 and 2025-26. Check the rate for your income year at ato.gov.au and update it on the Setup sheet.
Important: This toolkit provides general educational and organisational information only. It does not take into account your circumstances, does not constitute personal tax, accounting, legal or financial advice, and does not determine your tax obligations. Deduction and GST figures are estimates. Please obtain advice suited to your circumstances.
The accounting and taxation trading brand of Thinkwise Group Pty Ltd, established in 2021.
If you trade under your own ABN and keep your own books, this is designed for you. It covers the records we ask sole trader clients for every year — so what you organise is what an adviser actually needs.
Would you rather hand it over? Our tax return preparation and bookkeeping services are available to sole traders in Bowral, the Southern Highlands and across Australia.
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You're taken straight to the download page once payment is confirmed.
Type your business name on the Setup sheet and start recording in about ten minutes.
The Sole Trader Toolkit is simpler and focused on the records individuals trading under their own ABN need — including a vehicle log and working from home hours. The Small Business Financial Organisation Toolkit adds cash flow forecasting, budgeting, invoice and bill tracking and payroll-related registers for larger or growing businesses.
Yes. Set "Registered for GST?" to No on the Setup sheet and all GST columns show nil, leaving you with clean income and expense figures.
Microsoft Excel is recommended. The workbook also opens in Excel for the web and most spreadsheet apps, though dropdowns and formatting work best in Excel.
No. It organises your records and gives estimates to help you plan. It is not a lodgement form and does not determine your obligations or which claim method suits you.
The cents per km and working from home rates sit on the Setup sheet so you can update them each July. Always confirm the current rates at ato.gov.au.
The toolkit is licensed for your own business use. Please don't resell, rebrand or redistribute it.
The complete Sole Trader Toolkit — editable workbook and Quick Start Guide. One payment of $29.
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