Services

Bookkeeping

Bookkeeping involves the recording of financial transactions by an individual or organization. Transactions include purchases, sales, receipts and payments by an individual or organization. Services include:

• Accounts receivable & payable processing
• All data entry & journals
• Bank, loan & credit card reconciliations on weekly or monthly basis.
• Debt collection & accounts receivable management
• Trade Creditor control – process purchase invoices, reconcile on a monthly basis and follow up credits.
• Trade Debtor control – process sales invoices, print monthly statements and remit to debtors.

Payroll

Payroll management can become complicated. Poor payroll can be detriment to a business. Our service takes all the hard work out of processing wages whether they are weekly, fortnightly or monthly. Services include:

• Payroll setup
• Process Payroll and issue payslips to employees – calculation of employees gross, tax and net wage amounts
• Preparation and lodgement of TFN declarations
• Processing of Superannuation Choice information
• Payroll reconciliation
• Superannuation
• Payroll Liabilities
• Accrue Annual and Personal Leave Balances
• Prepare Employee Payment Summaries

Software Training, Setup & Support

Accounting systems and processes is an extremely important element of any business. Having the correct accounting system in place can be critical in the success of any business. Services include:

• Assist in new business setup
• Setting up your business accounts ledger
• Creating items, invoices & templates
• New bookkeeping software setup and training – Xero, Intuit QuickBooks Online, Reckon Accounts & MYOB

Bank & General Ledger Reconciliation

Reconciliation of Bank & General Ledger is important for any business. It enables a business to compare your internal records with bank statements in order to identify any discrepancies. Services include:

• Enter general ledger transactions from bank statements and other sources.
• Reconcile statements on a weekly or monthly basis.

BAS & IAS Preparation & Lodgement

A Business Activity Statement (BAS) is a form that must be submitted to the ATO to comply with your tax obligations. Services include:

• Setting up the GST preferences
• Creating transactions with GST
• Account for GST on cash or non-cash basis
• Locating and correcting errors
• Creating GST & Payroll reports
• Formatting BAS form
• Preparation of BAS & IAS
• Lodgement of BAS & IAS on ATO Portal

Financial Reporting

Financial Reporting provides key information on the financial state of your business in a language you can understand. Services include:

• Preparation of Profit & Loss and Balance Sheet – generates monthly or annual reports that give you an understanding of the position of your business.
• Preparation of end of year reports for accountant – makes sure your accounts are ready for the end of financial year.
• End of financial year bookkeeping review and report to your accountant