You, your bookkeeper and your accountant should ensure things are done once, smartly, effective and efficiently. Too much time is spent on doing the books rather than focussing on increasing your revenue. Stay ATO compliant with your record keeping through engaging a certified bookkeeper.
I can provide you with daily, weekly, monthly or quarterly end to end bookkeeping or selected elements including:
Accounts Receivable (Customers)
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New customer credit checks
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Invoicing
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Transaction recording
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Receipt payments
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Banking
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Statements
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Job costing
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Daily/weekly/month end reconciliation
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Customer balances reporting
- Bank Guarantees / Retention Monies
Accounts Payable (Suppliers)
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New supplier set up
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Purchase order issue & receipt
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Invoice entry
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Reconcile payments monthly
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Data reconciliation weekly/month end
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Payment run (cheque/eft/bpay) as required
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Supplier balances reporting
- TPAR (Tax Payments Annual Report) for Construction Industry
Payroll Including Superannuation & Workcover
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Timesheet/clock card entry & calculations
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Allowances interpretation & calculation
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Weekly/fortnightly/monthly payroll run
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Workcover payments
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Long Service Leave calculations/payments
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Income Protection
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Maintain accruals
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Award interpretation
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Superannuation processing/payment
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Payroll tax SRO
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Bank transfer
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Employee balance reconciliation
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Payroll reconciliation monthly
Stock Control/Inventory
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Assess performance of products
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Monitor and limit shrinkage
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Maintain stock security
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Regular stocktake/inventory
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Picking lists
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Re-order levels
Bank Reconciliation
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Petty cash, credit card, bank, etc
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Weekly/monthly/quarterly as per your bank statements
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Locate discrepancies, investigate and rectify
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Enter adjustments
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Compare adjusted balances
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Prepare journal entries
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Report on unpresented cheques/payments and investigate
Data Reconciliation
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Run meaningful reports monthly to detect data discrepancies
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Amend/rectify & record discrepancies
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Ensure no suspense items, no one sided entries, no unbalanced accounts and/or incorrect entries to accounts/ledgers
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Verify data & back up
Journals
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Enter weekly/monthly journals as approved by accountant/director
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Process depreciation entries
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Identify and process month end amendments including drawings
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Reconcile unbalanced entries
IAS/PAYG/BAS/TPAR Lodgement
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Audit data & amend any discrepancies (review as per previous)
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Ensure all transactions categorised
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Assess any FBT calculations
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Complete necessary documentation ensuring compliancy
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TPAR (Tax Payments Annual Report) for Construction Industry
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Lodgements via ATO portal
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Record database entries where necessary
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Process payment
Budgets
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Draft/prepare budgets & interpret
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Monitor & review budget vs actual
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Prepare meaningful reports
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Forecast to manage gaps between budget & actual
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Review identify & improve
Reports, Easy to Understand
ON SITE or OFF SITE using my software or yours
Advantages to engaging a bookkeeper
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Specialised skills
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Reduced labour costs
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Trained to understand the entire GST system, payroll & superannuation obligations and the implications of transactions on the Profit & Loss, Balance Sheet and Cash flow reports
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Increase your revenue or achieve a work/life balance through releasing you from paperwork
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Debtor management increasing cash flow
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Streamline your processes
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Provide an understanding of what is happening within your business and provide the foundation for making better financial decisions.
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Accurate and reliable information giving you peace of mind
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No suspense items, no unresolved questions, no one sided entries, no “manipulating” of the figures, no unbalanced accounts, no assets, income, expenses and/or liabilities, wrongly allocated to incorrect headings
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Improved efficiency of work
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Identify problems before they occur - such as the need to raise finance or cash flow difficulties
Susan McGovern,
