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What can we do for you

(aka what do we have extensive

bookkeeping and accounting

and other experience in):

 

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We can provide you with the entire bookkeeping, accounting, finance and other support functions and services so that you can concentrate on running your business and maximising your profits.

 

  1. Carry out ALL bookkeeping activities

    • All bank entries (including trust accounts, electronic payment platforms like PayPal, credit card, etc)

    • Bank reconciliations

    • All vendor/creditor/accounts payable entries

    • Create purchase orders

    • All customer/accounts receivable entries

    • Create customer invoices

    • Create customer quotes

    • Reconcile all accounts

    • Capture payroll transactions in the general ledger

    • Processing import transactions correctly in the accounts

    • Inventory accounting

    • Ensure the correct treatment of GST, eg, standard GST, GST free, GST input taxed, import GST, etc

  2. Maximisation of cash flows

    • Timely creation of sales invoices to customers

    • Management of your debtor book

    • Follow up with slow payers

    • Negotiation with slow payers to agree payment plans

    • Timely capturing of supplier invoices

    • Ensuring that agreed supplier payment terms are used to maximum benefit

    • Ensuring that suppliers are only paid when their due dates arise

  3. Carry out ALL payroll activities

    • Run all payrolls, ie, standard, timesheet, additional, update, bonus, etc.

    • Manage the timesheet process to ensure completed and authorise in time for the payroll

    • Set up pay codes

    • Set up legislated employee deductions, for example, child welfare payments

    • Raise new employees in the payroll system

    • Terminate and remove ex employees

    • Ensure that employees are paid in line with industry awards and other relevant legislation

    • Set up and lodge STP reporting

    • Set up and lodge super reporting

    • Payment of payroll and super via EFT

    • Manage employee leave entitlements (including long service leave)

    • Workers compensation policy management, in other words, policy establishment, renewals, payments, etc

    • Management of, accounting for and reporting on employee bonus and share schemes

  4. Carry out ALL accounting activities

    • Preparation of financial statements for all types of operating entities (including SMSF financial statements)

    • Audit of the general ledger

    • Management reporting both internal and external (for example, monthly results for management, bank loan compliance reporting, profit share reporting, bordereaux reporting for insurance, performance management to external stakeholders, etc.)

    • Budgeting and forecasting, including reporting, analysing and commenting on actual performance against the budgets and forecasts.

    • Set up complex accounting entries, eg, loan finance for assets, tax entries, fixed assets and depreciation of same,

    • Carry out profit share calculations and accounting for them

    • Manage dividend payments to shareholders

    • Ensure that all accounting and reporting is carried out per legal agreements entered into between shareholders and company operators (for example, per trust deeds)

  5. Carry out ALL tax activities

    • Tax return preparation ready for tax agent lodgement

    • IAS and BAS statements

    • PAYG compliance (taxes for payroll, company installment taxes, etc)

    • Payroll tax compliance

    • FBT compliance

    • Super compliance

    • TPAR reporting

    • Efficient tax planning

    • Management and reporting of the ICA account

    • Assist in discussions with the ATO when dealing with tax matters, debt payment, etc

  6. Secretarial activities and setting up your business

    • Establish the operating entity including all related initial secretarial activities, eg, company, trusts (incl SMSF), sole trader, partnership, etc.If you can think of an operating structure, we can set it up for you.

    • Set up the accounting package and general ledger for the operating entity.

    • Assist with the set up all bank accounts (including credit cards, loan accounts, etc).

    • Establish the live data feeds for all bank accounts into the general ledger package.

    • Set up all tax requirements, eg, tax file number, ABN, GST, PAYG, Payroll Tax, Workers Compensation, Fringe Benefits Tax, etc

    • Completion and lodgement of all ASIC and other government documentation regularly required

    • Preparation of resolutions and minutes of director/shareholder meetings

    • Auditing of compliance with contracts that impact financial operations

  7. Business guidance, advise and management (aka Business Advisory and Business Services)

    • Cash flow and funding advice

    • Budgeting and forecasting

    • Efficient tax planning

    • Compliance with legislation (eg company, tax, etc)

    • Advise on best operating structure to use

    • Advise on best accounting software to use

    • System improvements, for example, ordering processes, document retention, debt collection, payment processes, etc

    • Project management

    • Production management

  8. Negotiations with third parties

    • Banks

    • Suppliers

    • Customers

    • Potential new business relationships

    • Tax authorities

  9. Other back office services

    • Calendar management

    • Personal assistant services

    • Telephone call management

    • Office management

  10. Client training and development in bookkeeping activities

 

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