General Bookkeeping
We can provide our general bookkeeping services to any businesses. This can include anything from your bank accounts, through to payroll processing.
Bank Reconciliations
Bank reconciliations are the basics of good bookkeeping, consequently they must be completed with consideration.
– The process involves recording of transactions in the chosen accounting software.
– It is important that your entries reflect what has taken place in bank accounts etc.
– Completion of this activity requires copies of bank statements, in either paper or electronic form.
Accounts Receivable & Debtor Management
Sometimes managing debtors can be a tedious, especially if you are having some slow paying customers.
Some of the ways we can assist you with this are:
– Raising and sending your invoices and statements on your behalf.
– Preparing debtor reports at frequency that suits you.
– Chasing outstanding balances, or other collection activities you may require.
Accounts Payable & Creditor Management
We aim to help you stay on top of your bills. For instance, some of the ways we can assist you is by:
– Receiving, entering and recording payment for invoices.
– Reconciling statements and conversing with creditors for missing or queried invoices.
– Producing regular creditors reports.
– Preparing and managing payments.
Admin Support
We can collaborate with your business and become a part of your admin team. You may have jobs that you need done routinely but don’t have time for, but we can help!
End of Year Processes
We can work together with your accountant. For example we can supply them with the documents we have collected at tax time, so that you can stay focused on the now.
Following this, we help in answering any of their queries, leading to the quick complete your tax returns etc.
Once they have finalised and lodged your returns, we reconcile them to your software. This includes completing adjusting journals, roll over / close the financial year in your accounting software.
This therefore keeps your reports current and reflective of the state of your business, providing you with confidence in your own numbers.
Paperless Office
We like to keep loose paperwork to a minimum. In order to achieve this we scan, file and electronically store your business documents. Some samples include:
– Invoices and receipts, bank statements, loan statements.
– Any relevant business documents that might aid in the preparation of your BAS and tax returns.
– After original documents are verified as scanned, they are then safely destroyed, (or returned if you wish).
We believe having saved copies readily available means we can retrieve any information quickly. Not only does this keep your office tidy, as a result this will help take the stress away in the even of an audit.
Registered BAS Agent
Australian law requires that a BAS Agent be approved and registered with the Tax Practitioners Board.
In order to be eligible for registration a person (or entity) must have met a certain set of criteria, including:
– Holding an adequate approved qualification.
– Meeting a certain number of hours of supervised practice.
– Meeting personal integrity standards &
– Holding suitable levels of professional indemnity insurance.
As you might imagine, it is Illegal to charge a fee or be rewarded for performing “BAS services”. Furthermore, you must not represent yourself as a Registered BAS Agent if you aren’t.
