I don’t know what it is about July but it gets me more excited than January. While January brings out our resolves to achieve more on a personal level, July represents an opportunity to start afresh on a financial level.
It’s a time to gather together all the receipts from the past year (neatly scanned and filed of course), reconcile our accounts, see how we have travelled financially over the past year and set goals in what we want to achieve in the year ahead.
For those of us who own property, this can be a long arduous task. In previous years I have silently kicked myself for not making more effort to keep on top of the paperwork during the year, which has resulted in a mad scramble to get everything together once that last financial summary hits my desk. This year, however, there is no silent kicking and I have actually managed to keep my files in a (semi) orderly fashion.
How do you face the new financial year? Do you look forward to it? Do you dread it? Do you ignore and delegate?
What systems do you have in place to keep all files and paperwork (property and personal) in order?
The ATO have released their Rental Guide for 2012 which will come in handy. You can view the guide HERE