Bookkeeping Services
Whether you’re a sole trader or a larger established business, we can take care of all your bookkeeping needs.
We provide free quotes and tailor our services to exactly meet your requirements.
SALES
Creating sales invoices and emailing invoices to your customers with online payment options.
Reconciling customer payments and following up outstanding balances with reminders, statements and phone calls.
Recording and reconciling credit card and EFTPOS payments received (e.g. Square, Stripe).
EXPENSES
Recording the receipt of invoices from suppliers.
Ensuring invoices are attached electronically to each bill in Xero to meet the substantiation requirements for GST and tax claims.
Paying bills from suppliers on time and in accordance with your cashflow plans.
Reconciling payments and dealing with any discrepancies or disputes.
Recording everyday expense purchases made via business debit/credit cards (e.g. fuel).
Ensuring receipts are attached electronically to each expense purchase to meet the substantiation requirements for GST and tax claims.
BANK RECONCILIATION
Regular bank reconciliation to ensure all transactions have been captured in your accounting system.
ACTIVITY STATEMENTS (BAS)
Preparation of your BAS in accordance with GST, PAYG Withholding and PAYG Tax instalment regulations.
Review of transactions for the period to ensure correct GST categorisation and appropriate records for GST claims.
Payment of BAS liabilities and reconciliation to ATO records.
PAYROLL
Processing and payment of payroll each pay period.
Checking the correct wage amounts against employment contracts and timesheets to avoid under/overpayments.
Ensuring the required payroll records are kept including employment contracts, timesheets, TFN declarations and super choice forms.
Tracking and providing for employee entitlements (e.g. annual leave, long service leave).
Recording employee expenses and processing reimbursements.
Processing and payment of employee superannuation by the due dates to ensure tax deductibility.
EQUIPMENT AND LOANS
Recording plant and equipment purchases, keeping your asset register up to date and recording depreciation expenses.
Payment of any loans, recording interest expenses and reconciling balances to loan statements.
REPORTING
Setting up customised financial reports including profit and loss, balance sheet and cashflow.
Reviewing and analysing financial reports on a regular basis.
YEAR END
Reconciliation of wages and Single Touch Payroll (STP) finalisation in accordance with ATO requirements.
Reconciliation of all year end material balances.
A complete, reconciled year end file provided directly to your tax agent.
Example services: