Bookkeeping
Why Xero, MYOB or quickbooks?
Bookkeeping is integral part of your business. Knowing where your business stands is extremely important
Over last 10 years, like any other industry accounting has evolved as well. From a typical computer based solution things have progressed to cloud based accounting solutions. These solutions have helped businesses
¤ View your cashflow in real-time
¤ Get paid faster with online invoicing and automatic reminders
¤ Quickly set up employee payments with Payroll
¤ Get automatic bank transactions updated in your cloud accounting software
¤ Reconcile all your bank transactions in seconds
¤ Manage your paper trail with online file storage
¤ Reach out for free support, anytime you need it
¤ Collaborate with your Advisors (Accountant) on the go
Cashflow & Compliance are two key factors if not managed properly can cause a lot of problems and grief. In our experience, 7 out 10 small medium businesses fail because cashflows were not managed well enough and compliance work was left unattended for too long. Using online software, Xero, MYOB or quickbooks we can help you understand your business on the go.
Effective management through out the year means easier tax time. We will lodge your tax returns without any hassle.
How it works?
First step in process is to identify your business needs i.e. Goals,Strengths, Challenges, Systems and Processes. Subsequently, we work with you to define a solution that works for you. At this point, we also review and recommend ad ons that may enhance your business performance. These ad-ons are industry specific to achieve certain outcome. Usually, these ad-ons are focused on business operations and integrate seamlessly with cloud accounting solution. Thus avoid double handling.
SETUP : We work closely with you to setup your business on Xero, MYOB or Quickbooks based on your preference along with any ad-ons you may need.
MANAGE : Every week we will update your Cloud Accounting software including:
Customer Invoicing
Debts collected
Outstanding Debt
Bills to Pay
Bills Paid
Reconcile Bank
Process Payroll
Of course, what we do and what you prefer to take control is purely your choice. We work with you to make things happen. In nutshell we will help you manage your cashflow & profitability while making sure your business stay complaint with:
Australian taxation office (ATO) for GST, PAYG withholding, Income tax
State revenue office for Payroll tax
Superannuation Liabilities &
Workcover
At the end of each month/quarter/half yearly we will send you a Management Report outlining all your essential business numbers, including your profit, cash summary with our comments.