Thanks wishupon you have been really helpful! I''ll definately read though some more on the ato website like you suggested.

jens - I have been very tempted into Xero, it does look like a very good option. It didn't really seem too expensive to me although last time i was looking into it looked like there was an extra fee to integrate ebay with it which i thought was a little too much for what im making at the moment. Do you think it would be necessary to integrate with eBay, or would just a bank feed and paypal feed be sufficient for everything?