Services
Bank reconciliation is a comparison of all the company sales and expenses against the record your bank has.
Accounts payable & receivable
Accounts payable represents money that your business owes to suppliers and accounts receivable represents money owed to your business by customers.
It is important to know that everything your company owes to suppliers and also what is owed by customers is up to date and accurate, as this provides the business with a clear picture of how your cash flow is tracking.
Registered BAS Agent
Using a registered agent provides you with consumer protection through professional indemnity insurance, extended tax and BAS lodgement due dates and experienced, qualified agents who comply with a professional code of conduct.
Xero Support
We partner with Xero and have extensive knowledge and experience to ensure that you have the best professional advice available.
There are many components within Xero and many questions arise, especially if you are not familiar with how they work.
Knowing and understanding what the transactions you post are actually doing in the background is important.
If you don’t then this is where things can begin to go terribly wrong.
Payroll, PAYG & Superannuation
All businesses have to be ATO compliant and if they are not then this is where the issues can begin with fines issued by the ATO.
Payroll, PAYG & superannuation figures need to be reported to the ATO and then paid on either a monthly or quarterly basis.
Account Reconciliation
Regular account reconciliation gives you confidence that your financial information is reliable.
Without regular balance sheet account reconciliation, you may suffer from incorrect transaction records. This results in inaccurate financial statements, which can negatively impact the business.
Profit & Loss Statements
A profit and loss statement, otherwise known as a P&L, is a document that measures and reports a company’s expenses and revenue during a specific period of time.
The profit and loss statement is one of the most important financial statements | Bookkeeping
It informs potential investors and credit sources about how a business generates its income and manages its costs.
End of Financial year process
At the end of the financial year, businesses are required to finalise their books and complete their tax return (summary of expenses and income for the financial year), which the Australian Tax Office (ATO) will use to determine the amount of tax owed by your business.
Accountant & ATO liaison on your behalf
Liaison with Accountants and the ATO can be very time consuming, especially when you are time-poor and would prefer to spend the time on running your business.
We talk the accounting language and can get this job covered far more effectively.
We also partner with a fantastic accounting company if our clients require a new accountant.
