Many Small to Medium size businesses find it hard to find the skills and application from people across the board from data entry to the high level input into complex accounting and tax issues.
Rather than trying to find this breadth of skills in one or two internal staff we can cover those skills for one fixed regular fee.
Rather than trying to find this breadth of skills in one or two internal staff we can cover those skills for one fixed regular fee.
Accounting services
We provide qualified accountants to perform data entry roles, or to oversee data entry roles in organisations. A much higher standard of output is provided when people inputting the data better understand the reasons why various entries are required and what they are for.
In addition to basic data processing we can assist with the analysis of reports such as Accounts Receivable and Payable to determine any action that may be required.
We ensure that all important accounts are reconciled regularly, including (but not limited to):
GST payable/receivable
It is extremely important to understand what makes up the balances of these accounts. Too often we have discovered accounts unreconciled for months which when reconciled cause large adjustments which may affect the Profit & Loss.
In addition to basic data processing we can assist with the analysis of reports such as Accounts Receivable and Payable to determine any action that may be required.
We ensure that all important accounts are reconciled regularly, including (but not limited to):
- Bank accounts
- Petty cash
- Accounts receivable
- Accounts Payable
- Payroll liabilities
- PAYG taxes
- Superannuation payable
- Salary sacrifice payable
- Annual leave & Long service leave provisions
GST payable/receivable
It is extremely important to understand what makes up the balances of these accounts. Too often we have discovered accounts unreconciled for months which when reconciled cause large adjustments which may affect the Profit & Loss.
Review of accounting systems & processes
We constantly look for better or more efficient ways of operating. This includes better utilisation of your accounting software. There is often more than one way to process a transaction. We can help you use the most efficient and meaningful one which will save you time then and in the longer term. Better use of your software means easier reconciliations!
We will document all the policies and processes developed within the finance function. This helps with the training of new staff and consistency in practices.
We will document all the policies and processes developed within the finance function. This helps with the training of new staff and consistency in practices.
Payroll
We provide efficient and accurate payroll processing for your business.
We utilise online systems wherever possible including Online banking where payment files can be created from your accounting software, reducing the need for manual entries and duplication of effort.
Year End Payroll – including full reconciliation between your payroll records and your Profit & loss statement. This is a crucial step to ensure your employees Payment Summaries are accurate.
We utilise online systems wherever possible including Online banking where payment files can be created from your accounting software, reducing the need for manual entries and duplication of effort.
Year End Payroll – including full reconciliation between your payroll records and your Profit & loss statement. This is a crucial step to ensure your employees Payment Summaries are accurate.
Superannuation
Processing & lodgement of your Superannuation obligations has been subject to many compliance changes in recent times. We can assist with keeping you up to date and on track with the use of a variety of software options.
BAS / IAS
We can prepare & lodge your IAS & BAS on a monthly or quarterly basis as required.
Through the ATO Business Portal we can constantly keep an eye on your obligations and payments.
Through our experience we understand the need for your GST and PAYG obligations to be accurate and thoroughly reconciled and know how best to achieve this.
Through the ATO Business Portal we can constantly keep an eye on your obligations and payments.
Through our experience we understand the need for your GST and PAYG obligations to be accurate and thoroughly reconciled and know how best to achieve this.