How can a professional bookkeeper help a small business?

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How can a professional bookkeeper help a small business?

Bookkeepers are integral to small business. They reconcile the bank accounts, ensure creditor bills are correct, chase debtors, and prepare cashflow forecasts, as well as undertake compliance such as payroll, PAYG and GST returns. It is not unusual for the bookkeeper to be the centre-point of a small business. Bookkeepers are often the first to see the cashflow trend of the small business and are well positioned to advise on using software to streamline the business.

A bookkeeper helps your business stay organised

Proper organisation is crucial for any business to succeed. It helps a lot that you’re able to find relevant business information anytime when the need for it arises. The financial records of your company will also be of great help to several parties, including your accountant, the ATO, your customers, employees, lenders and investors.

It gives you back your free time to do other important things

How many hours do you spend working on your books instead of working on your growing your business? How many nights do you spend shuffling paper, instead of spending time with your family? Or chances are you will keep putting it off until it’s a major chore and take you ten times longer to do it.

How Account(able) can help you?

We can provide you with a bookkeeping service on a weekly, fortnightly or monthly basis. Including account reconciliations, processing payroll including lodging your Single Touch Payroll (STP) with the ATO, superannuation lodgments, payroll tax as well as BAS and IAS preparation plus email and phone support.

Most of our bookkeeping clients, have realized they can work a few hours to help pay for their bookkeeping costs, but  this saves them many hours from having to do their paperwork (which they would prefer to do their normal work rather than bookkeeping)

We use XERO for our own practice requirements and recommend our clients do also. We can work together with you on your file and ensure it is reconciled and accurate come BAS time. Your file will be ready for your accountant to work on anytime and they can quickly access your financial information when needed.

We can design a Bookkeeping Package to suit your business and the stage it is at.

Bronze: Ideal for a new business starting out without any existing system. Let’s get you started on XERO

Silver: Provide three hours bookkeeping per month and support including payroll (up to five employees) to a growing small business

Gold: Designed for small to medium business including six hours bookkeeping per month and payroll (up to ten employees) plus Monthly or Annual Tax Compliance

Platinum: For those who are looking to fully outsource their bookkeeping including virtual bookkeeping service, accounts policies and procedures.

Your Package may include:

  • XERO set up and conversion of existing file
  • XERO Training
  • Entering weekly data including income & expenses
  • Bank reconciliations
  • Credit card reconciliations
  • Input cash expenses
  • Debtor management
  • Weekly & Fortnightly Payroll processing
  • Leave entitlements
  • EOFY Payroll Reporting
  • Superannuation calculation, lodgment & payment
  • PAYG & Wages reconciliation

Our Fees:

After scoping the work required depending on the size of your file and bookkeeping requirements we will provide you with a fixed fee amount. Once agreed upon we will set up a direct debit to be paid at the end of each month.

Give us a call on 5366 1000 today for a free no obligation quote to help you stay on track with your business and leave the bookkeeping to us.