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BOOKKEEPING SOLUTIONS

  • FREE initial consultation(s) and fixed price monthly fee
  • Reliable and affordable bookkeeping services for all small businesses
  • Make your records 'accountant ready' and reduce your end of year accounting fees

Are you looking for skilled, professional and reliable assistance, to handle all of your bookkeeping requirements? Look no further! We will save you time and money.

In direct response to the needs of our clients, we have now established in-house, our own small team of experienced book keepers to prepare your monthly financial accounts and reports in MYOB accounting software.

This includes:

  • Monthly profit and loss
  • Balance sheet
  • Debtors Ledger
  • Creditors Ledger
  • BAS information for GST
  • Bank Reconciliation

These tasks can be prepared in a simple and timely fashion on a fixed cost per month basis. The intention of this service is to replace the 'shoe box' accounting of sole practitioners and home based businesses, which are without the resources of an experienced book keeper and to provide accurate financial information. This is the absolute minimum requirement for managing a small business in today's environment.

We will take the guesswork out of your real financial status, to allow you to be in control, so you can now make informed decisions about your business.

It has long been recognised that a major cause of small businesses ceasing to trade, is their poor record keeping. As many as 1 in 10 small businesses fail due to inaccurate record keeping necessary for ATO requirements.

There are two main reasons why these businesses neglect their record keeping

  • Lack of time
  • Lack of expertise
  • Lack of funds to pay for support

You need to decide whether to spend your precious time in producing your product or service - which is what you do best or pay a bookkeeper to keep your records for you - which is what we do best

Outsourcing to other experts is by far the most efficient and effective solution.

The Bookkeeping support we provide

Using a bookkeeper to make your records 'accountant ready' will save you money, as our fees will be lower than if you use an accountant to complete these regular tasks.

Our bookkeepers will make contact with your accountant to ensure the Chart of Accounts is set up as the accountant requires. To ensure that the accounts are set up correctly requires someone who understands accounting procedures.

Your bookkeeping system will be structured so that you can measure the viability of the business by comparing these following five key indicators at least monthly:

  • Turnover (total revenue)
  • Debtors (what is owed to the business)
  • Creditors (what the business owes to others)
  • Stock value
  • Overdraft or cash in the bank.

Our Bookkeepers will provide:

  • Company set up
  • Data entry
  • Chart of accounts set up & maintenance
  • Debtors & creditors
  • Reconciliations
  • Assistance in Bas/IAS Preparation & Lodgment
  • Superannuation
  • Payroll set up & running
    • PAYG Payment summaries
    • Banking
    • Financial Reporting
    • Profit & Loss reports
    • Balance Sheet
    • Accounting software upgrades
    • Liaising with your accountant
     

    A word of warning. Most mistakes with the BAS and general accounting procedures are made because of the wrong installation of software and the wrong accounting codes used.

    Accountant

    All of the book keeping work prepared by us will assist your accountant greatly with the preparation of your income tax return (which will correspond with your BAS returns). Your accountant will be able to offer you assistance with:

    • Preparing Cash flow projections
    • Cash Flow Management
    • Budgeting
    • Financial analysis
    • Assistance with costing / pricing

     

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