We understand what software is right for your business. Running a cafe? you should be using QuickBooks. Are you a tradesperson? then if you’re not using Servicem8 then you’re wasting time managing your jobs.
Having an experienced bookkeeper isn’t just about having someone who can prepare your books for BAS & GST lodgements. We work with multiple businesses throughout a range of industries and can advise you on the right software to make your day to day work life run more efficiently and ultimately save you time and money.
If you’re interested in finding which platforms can improve your business success then call us for a FREE initial consultation today.
Below are the three common types of bookkeeping systems. Although they may seem affordable in the beginning, over time the costs can mount up when you spend longer with your accountant and possibly lose all your bookkeeping data:
Although buying a book maybe cheap, spending hours with your accountant can be costly
This is another cheap option. Although it's better than a book it can be time consuming to set up & requires advanced excel skills to manage reports properly
Another cheap option for managing your books. Apart from being time consuming to manage, if your computer crashes or gets stolen you've lost all your bookkeeping data.
In contrast, a modern cloud accounting system gives you the following benefits:
So what does it all cost? Much, much less than the $60,000 you would pay for a full-time bookkeeper. If you do not currently have a cloud accounting system, there is a one off payment from as little as $499 plus GST to get your system set up.
You and your advisor can work from the same set of data at the same time. This allows them to quickly review your financials, spotlight opportunities, identify potential concerns and advise you in real-time.
You can invoice a client as soon as the work is complete, even when you’re still on the job site. You’ll be notified when the invoice has been received and viewed. This considerably shortens the time to get paid.
You’re always on the move – and cloud software moves with you. You can access accounts, check balances, upload receipts and invoice customers from your smartphone or tablet – anywhere you do business.
Securely link with your bank & receive automatic updates. You can even reconcile all transactions to gain a complete and up-to-date snapshot of your business.
Cloud solutions like Xero help to eliminate manual data entry. Payroll payments and tax updates are automatic, and a special portal gives you a complete snapshot of your payroll and staff time off.
As of March 1st 2010 the ATO regulated the bookkeeping industry. Now, all bookkeepers providing a BAS Service are required to register as a BAS Agent.
The requirements of a BAS Agent are:
Our job is to ensure your payroll is managed properly, invoices are all accounted for and bills are paid on time. We also track and reconcile company expenses so you know where every dollar is going.
We also understand that it’s better to put the right policies in place before you have to see the accountant as their fee can be $200+ therefore we provide advisory services and cloud solutions to clients to ensure they save time and money on more than just their bookkeeping.
Get the right advice when it counts, not when you’re having to pay the accountant $200+ an hour…
We take pride in our ability to learn the fundamentals of virtually any industry or technology quickly. Some of the markets we have served include green technologies, medical devices, biotechnology, Internet/e-commerce, telecommunications, distance education/e-learning, real estatec, healthcare services, manufacturing, retail, food service, consumer products, media and entertainment, aerospace, artificial intelligence, enterprise software, insurance, energy, and networking. Having said that, we believe that the value we bring to the table is not industry expertise — which you already possess in…
