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By providing both meticulous bookkeeping and insightful accounting, we offer a complete financial management solution that supports your business's stability, growth, and long-term success.

01.

Bookkeeping Services (Daily/Weekly/Monthly Financial Record Management)

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  • Data Entry & Transaction Categorisation:

    • Accurately recording all financial transactions (income, expenses, assets, liabilities) into your chosen accounting software (e.g., Xero, MYOB, QuickBooks Online).

    • Properly categorising transactions according to the Australian Accounting Standards and ATO requirements, ensuring they are allocated to the correct accounts.

  • Bank & Credit Card Reconciliation:

    • Regularly matching your bank and credit card statements to the transactions recorded in your accounting software to ensure accuracy and identify any discrepancies. This is crucial for verifying cash flow and detecting fraud.

  • Accounts Receivable Management (Customer Invoicing & Collections):

    • Creating and sending professional invoices to your customers.

    • Tracking outstanding invoices and politely following up on overdue payments to improve your cash flow.

    • Recording customer payments.

  • Accounts Payable Management (Supplier Bills & Payments):

    • Receiving, verifying, and recording supplier invoices.

    • Scheduling and processing supplier payments, ensuring bills are paid on time and you take advantage of any early payment discounts.

    • Reconciling supplier statements.

  • Payroll Processing :

    • Calculating wages, PAYG withholding, and superannuation.

    • Processing superannuation contributions via SuperStream (including the new 12% SG rate from July 1, 2025).

    • Generating payslips and managing Single Touch Payroll (STP) Phase 2 reporting to the ATO.

    • Managing leave accruals and entitlements.

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  • GST Calculation & Business Activity Statement (BAS) Preparation:

    • Calculating Goods and Services Tax (GST) collected and paid.

    • Preparing and lodging your quarterly or monthly Business Activity Statements (BAS) with the ATO, ensuring accuracy and timely submission. 

  • Expense Management & Reimbursements:

    • Tracking and processing employee expense claims and reimbursements.

    • Ensuring appropriate documentation for all expenses.

  • Receipt & Document Management:

    • Implementing efficient systems for digital storage of receipts, invoices, and other financial documents   directly within QuickBooks, Xero/ MYOB). This ensures compliance with ATO record-keeping requirements (generally 5 years retention).

02.

Accounting Services (Analysis, Reporting & Strategic Insights)

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  • Financial Statement Preparation:

    • Preparing accurate and comprehensive financial statements, including:

      • Profit & Loss Statement (Income Statement): Showing your business's revenues, costs, and profits over a period.

      • Balance Sheet: Providing a snapshot of your business's assets, liabilities, and equity at a specific point in time.

      • Cash Flow Statement: Detailing the cash generated and used by your business from operating, investing, and financing activities.

  • Management Reporting & Analysis:

    • Generating customized reports beyond basic financial statements, such as:

      • Budget vs. Actual reports.

      • Key Performance Indicator (KPI) dashboards.

      • Debtor and creditor aging reports.

      • Break-even analysis.

    • Providing insights and commentary on your financial performance, helping you understand what the numbers mean for your business.

  • Annual Tax Return Preparation & Lodgement:

    • Preparing and lodging your annual income tax returns for your business (e.g., company tax returns, trust tax returns, partnership returns, or individual tax returns for sole traders). We are registered Tax Agents.

    • Ensuring all eligible deductions and offsets are claimed to minimize your tax liability legally.

  • Tax Planning & Strategy (as detailed previously):

    • Proactive advice throughout the year to optimize your tax position, identify tax-saving opportunities (e.g., instant asset write-off, superannuation contributions), and ensure compliance with Australian tax laws.

  • Fixed Asset Register Management & Depreciation:

    • Maintaining a register of your business assets and accurately calculating depreciation for tax purposes.

  • Chart of Accounts Setup & Maintenance:

    • Designing and maintaining a logical and effective chart of accounts within your accounting software to ensure accurate financial reporting and analysis.

  • Accounting Software Setup, Migration & Training:

    • Assisting with the selection, initial setup, and customization of cloud-based accounting software (e.g., Xero, MYOB, QuickBooks Online).

    • Facilitating migration from older systems or spreadsheets.

    • Providing training to you and your staff on how to use the software effectively.

  • Audit Readiness:

    • Ensuring your financial records are meticulously organized and compliant, making any potential ATO audit or financial review process smoother and less stressful.

  • Financial Consulting & Advisory:

    • Offering expert financial advice based on your accounting data to help you make informed business decisions, improve profitability, manage cash flow, and achieve your financial goals.

03.

Key Benefits of Using Our Bookkeeping & Accounting Services

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  • Accuracy & Compliance: Ensures your financial records are precise and always compliant with ATO regulations and Australian accounting standards, reducing the risk of errors, penalties, and audits.

  • Time Savings: Frees up your valuable time, allowing you to focus on core business operations, sales, and strategy rather than getting bogged down in financial administration.

  • Cost Efficiency: Often more cost-effective than hiring a full-time in-house bookkeeper or accountant, especially for small to medium-sized businesses.

  • Real-time Financial Insights: With cloud-based solutions and regular reporting, you gain an up-to-date understanding of your business's financial performance, enabling quicker and better decision-making.

  • Peace of Mind: Knowing your finances are in expert hands provides significant peace of mind, allowing you to run your business with greater confidence.

  • Scalability: Our services can scale with your business's growth, adapting to increased transaction volumes or evolving reporting needs.

 

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