Bookkeeping
Looking for a bookkeeper?
If you don't have the time or patience to do your bookkeeping, let our professionals help you.
Understanding your finances is very important and having a great bookkeeper processing your data with guidance from our accountants will make you regret not changing sooner.
What is bookkeeping?
Bookkeeping is the recording of financial transactions to prepare various reports. It involves various functions such as receiving the source documentation for those transactions (tax invoices/receipts) and recording them or sending out invoices to get paid.
What is the difference between a bookkeeper and an accountant?
Bookkeepers process and record your information to provide various reports. (Profit and Loss Statement, Balance Sheet and Cash Flow Statements)
Accountants analyse your data and reports to provide higher level advice and insights about how to improve your business or save on taxes.
What do our bookkeepers do?
Set up and manage your accounting software system
We help you set up your accounting software program which includes:
Set up and manage your chart of accounts
Set up and manage your bank feeds
Set up and manage single touch payroll
Set up various links with the Australian Taxation Office to report data
Set up and manage your invoicing and quoting
Set up and manage your bills and purchase orders
Process and manage your data
We help process your data including:
Send out invoices so you get paid
Manage how much money you are owed by clients/customers
Follow up late payments
Record bills and manage your payables
Reconcile your transactions accurately
Bank reconciliations
GST reconciliations
Loan and credit card reconciliations
Cash flow management
Process and lodge your Business Activity Statements (BAS)
Standard Reporting
We provide and review important financial reports such as:
Profit and loss statement
Balance sheet
Cash flow statement
Accounts receivable
Accounts payable
Budgets
GST reports
High Level Reporting
We can provide higher level reporting with analytics/graphs/charts on a monthly/quarterly/annually basis (depending on your needs) such as:
Cash flow
Working capital
Liquidity
Revenue comparisons
Profit comparisons
Key performance indicators
Actual versus budget
3 way forecasts (Profit & Loss, Balance Sheet and Cash Flow) with difference scenarios
Financial performance ratio
Return on equity
Current ratio
Debtor turnover ratio
Debtor collection period
Creditor payable turnover ratio
Free cash flow
Debt and equity ratios
Return on assets
Our accountants work through this higher level data with you to understand it.
Why hire us as your bookkeeper?
We will save you time and money
We help you manage your income, expenses and cashflow and anything else you need
We offer valuable support
We are registered tax agents
You get additional value by having exceptional books prepared by experienced professionals
Whether you are a start up or an established business, having a great bookkeeper and accountant is crucial to your business success, please contact us today.
Next Steps
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Arrange a meeting with us to chat about your needs
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We review your situation and how we can help
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Make recommendations based on our discovery meeting
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Lets get started
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Have regular email/phone/face to face catch ups
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We monitor your results
Do not delay, if you are reading this, take the next step and act now by contacting us.