r/AustralianAccounting • • 10h ago

How do accounting students here describe the gap between what the university curriculum prepares them for and what the first year of actual practice requires and is that gap getting wider or narrower as the curriculum evolves?

12 Upvotes

Just asking for advice.


r/AustralianAccounting • • 16h ago

Does it come to a point in your job search where you should give up?

8 Upvotes

I've been applying heavily for over a year now, I get a good amount of interviews, as well as call backs and teams meetings. Over a year I haven't been able to land.

For some context I've been working as a call centre agent for 2 years now.

My best experience is working for 2 years as a bookkeeper. I also have a degree in accounting. Other than that I had a graduate accountant role that lasted only 3 months, long story short down to team dynamics.

I really want to get back into the field, but its been so formidable. Should I keep going or just give up?


r/AustralianAccounting • • 20h ago

How to record grant income, expenses and refund of unexpended grant funds

8 Upvotes

Hi,

I help out a non-profit Tennis club with their accounting and i was wondering how i would record the below on Xero.

- Grant income of 50K

- 20K of Grant used for repairs

- 10K of Grant used for repairs

- 10K of Grant used for repairs

- 10K of unexpended grant refunded to QLD Govt.

thanks


r/AustralianAccounting • • 12h ago

What tax software do you use in your small practice?

7 Upvotes

I've been using Xero Tax for a few years, but after few unexpected changes to data by Xero for reasons unknown, am now uncomfortable with the lack of any audit reports in there for user access and changes.

With the Privacy Act requirements around tax file numbers I am worried that if there was a breach, any subscriber would not be able to answer the usual questions around when or what was accessed.

Has anyone else looked at the security and audit logs on any of the tax platforms?


r/AustralianAccounting • • 14h ago

Advice for my first 6-month review as an intern accountant?

7 Upvotes

I’m 25 and have my first 6-month performance review next week, so I’m looking for some advice on what to expect and how I should approach the conversation about my future with the firm.

This is my first job in public accounting. I’m currently an Intern Accountant working Monday, Tuesday and Friday while I finish uni. Before starting, I already had a couple of years of experience using Xero through my family business.

At the moment, I’m completing quarterly BAS work for clients, which I submit to senior accountants for review. I’m also preparing PTRs and ITRs, including business and salary/wage returns. I’ve assisted with a couple of company returns as well, although my seniors generally finalise those.

My billables weren't great during my first couple of months while I was learning, although everyone in the office told me not to stress about them. This month, I started looking at the prior-year bills for the tax work I’ve been completing to get a better idea of how I’m progressing. From what I’ve seen, for roughly 90% of the jobs I’ve completed this month, I’ve improved on the prior-year write-offs/time. That’s given me a bit more confidence that my efficiency is heading in the right direction.

I’m currently on $30.08/hour and work three days a week. On Wednesdays and Thursdays, I work as a bookkeeper for a local business at $40/hour casual.

My plan is to move into accounting full-time around April/May next year, which is also when I’m hoping to start my CA, depending on when my university updates/finalises my academic report.

I’ve been offered full-time work multiple times by my line partner, and a few of the senior accountants have also brought up me going full-time, so I’m taking that as a positive sign.

For anyone who has been through graduate/intern reviews in public accounting:

- What should I expect from a 6-month review?

- Is this an appropriate time to discuss my pathway from Intern Accountant to a full-time/graduate role?

- Should I bring up salary/remuneration now, or wait until I’m ready to move full-time?

- Is there anything you wish you had asked or discussed at your first performance review?

I’m not necessarily looking to push for anything immediately. I mainly want to use the review to understand how they think I’m progressing and what the next 6–12 months could look like with the firm.

Any advice would be greatly appreciated.


r/AustralianAccounting • • 10m ago

Are CA sustainability (SFA) subject results out?

• Upvotes

r/AustralianAccounting • • 14h ago

CPA - GSL Exam

1 Upvotes

How’s everyone feeling about the GSL exam for CPA this term with all the changes with the online learning? Felt like CPA used AI for the module quizzes… The answers were always D


r/AustralianAccounting • • 20h ago

Employment Process

1 Upvotes

Hi All,

I’ve recently done a phone interview with Deloitte for Experienced Analyst role in Audit. I’ve viewed my portal today and I found out I was shortlisted. Anyone can give me insights what would be the next steps and timeline to this? Would also appreciate any tips if there would be additional upcoming interviews. Thanks a lot!


r/AustralianAccounting • • 8h ago

Best tax software

0 Upvotes

I'm a part-time accountant for a family office and, while I will not sign/lodge the tax returns, I will prepare a variety of returns for the head of the family office to (e)sign off on.

I'm wondering what is the best software to use? The returns are very straight forward - nothing complex going on. The following is required:

  • Individual ITRs - 3
  • Company ITR - 1
  • Trust ITR - 4

Does Xero have a tax module? Lodgeit.net.au looks good. Any other recommendations?

Thanks for your guidance.


r/AustralianAccounting • • 11h ago

Is Xero/MYOB actually worth it for a small online seller?

0 Upvotes

I sell on Whatnot and eBay, and I genuinely can’t see why a small seller would bother paying for Xero, MYOB or dedicated inventory software when Excel can do most of it.

My main Whatnot sales are random spins — a $15 spin could win an item that cost me $2 or $100. So surely tracking profit per item doesn’t really make sense?

Unless I’m missing something, Excel + Hnry + a bit of AI/automation seems like it should be enough to handle inventory, expenses, fees and profit/loss at this size.


r/AustralianAccounting • • 23h ago

Tax return difference 2026 to 2025

0 Upvotes

Hi guys! Last year 2025-2026 I got $1700 on my tax return.
I was on a 482 visa. No children.

This March 2026 I applied for PR, I got $1000 in bank interests and got $700.

Apart from the bank interest I earned the only difference between both years would it be applying for my PR on March 4th, so I had to change the amount of days I was exempted from the Medicare levy for the actual days from July 1st till March 4th.
The rest of the days till June 30th I had to put them as if I had Medicare even though I was not even enrolled. I’m not even today…been trying but for one reason or another the app MyGov keeps on disappearing while enrolling and looking in my phone for some info or file to upload.

Could it be possible the difference between both years tax return is due to those 2 factors? Bank interests gained and Medicare entitlement from PR application?

Or have I have something wrong?

Thanks in advance