Accounting Ratio
An accounting ratio is a numerical comparison derived from financial statements to evaluate a company’s performance, efficiency, or liquidity. Ratios like profitability, solvency, and liquidity provide insights into strengths and weaknesses, helping stakeholders make informed decisions. They serve as a vital tool for benchmarking and financial analysis.
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Annual GST Return (BAS)
The periodic Business Activity Statement Australian businesses lodge to report GST and other tax obligations.
ATO (Australian Taxation Office)
Australia's federal revenue collection agency, responsible for tax administration and compliance.
ABN (Australian Business Number)
A unique 11-digit identifier businesses use for tax and invoicing purposes in Australia.
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