Saasu for delivery businesses
April 24, 2017 by Oliver Sirisonthi
In Australia these days, we can see many restaurants and cafes using delivery food services such as Uber Eats, Foodora or Deliveroo. The number of people working in this industry is growing, and they are making good money as small business owners delivering food. This blog will show you how Saasu can assist you as a delivery partner working with Uber Eats, Foodora or Deliveroo to track your income and expenses.
After you register for an ABN (Australian Business Number) as a sole trader, you must sign up with those delivery food services to be a delivery partner with them.
Please be advised that each food delivery service provider has different requirements, terms and agreements. Please make sure you read and understand those requirements, terms and agreements before your sign up with them.
In term of bookkeeping, Saasu online accounting software can assist you to keep track of your income and expenses for as little as $15 a month. You can sign up from a free thirty-day trial of our small plan here.
With the small plan, you can record transactions up to 1,000 transactions per year.
Also, you can connect your Saasu file to three different bank accounts for automatic bank feeds. This will help you save time entering bank statement transactions in a traditional way. If you do not know what a bank feed is, please read our help note https://www.saasu.com/help/bank-feed/.
If you think you will get busier during the year and have more than 1,000 transactions, you can upgrade your plan at any time.
In general, you record your income from those delivery service providers via the bank feed screen in Saasu. You may create an account in your Chart of Accounts and call it Food Delivery Service Income. Also when you record your expenses you can create accounts in your Chart of Accounts for these. For example, you may create expense accounts for Petrol, Fuel, Toll, Repairs and maintenance, Accounting fees, Saasu subscription fee, Bank fee or Bank Charges, Uber commission fees, Telephone, Internet, etc. to record business-related expenses. If you are unsure about your Chart of Accounts, please seek professional advice from your tax accountant. It is critical that you have your Chart of Accounts right before you record your transactions. In some situations, some business owners are required to register for GST (Goods and Services Tax), but some are not. You have to discuss this matter with your tax accountant as it is related on how you set your Chart of Accounts as there are different tax codes applied to accounts.
Saasu has useful reports that you can generate to see the performance of your business. One of the standard reports in business is the Profit and Loss Statement. You may need this report to see how much profit you made in a period. You may need the report to complete your Income Tax Return with the ATO (Australian Taxation Office) as you have to declare your business income and expenses.
Saasu provides online accounting software that is easy to use and affordable for small business owners. It is a great business tool to keep on top of your bookkeeping. It is easy to use and you do not have to be an accountant to use.
However, we recommend you have an accountant or a bookkeeper to help you setup your Saasu file before you start using it. If you don’t have an accountant, we recommend you contact our Saasu partners. They are bookkeepers and accountants who have practical experience with Saasu. They can help you to get started.