Compliance records document the completion of specific regulatory obligations for each compliance period. Creating detailed compliance records ensures accountability, maintains comprehensive audit trails and provides evidence of your organisation's regulatory compliance efforts. Each record tracks the entire lifecycle from preparation through lodgement to archival.
Every compliance record is linked to a specific compliance type, business file and reporting period. This structured approach enables accurate tracking of recurring obligations such as quarterly BAS, monthly PAYG withholding, annual tax returns and periodic financial statement preparation. Proper record-keeping protects your organisation during audits and regulatory reviews.
Compliance records include essential information such as preparation details, checklist completion, attached documentation, approval workflows, lodgement dates and receipt numbers. This comprehensive documentation demonstrates due diligence and provides a complete history of compliance activities for management reporting and regulatory enquiries.
Follow these steps to create a new compliance record in Exacc and maintain professional standards for regulatory obligation management.
Your compliance record is created successfully - complete checklists, attach documentation and track lodgement through to completion.