Bookkeeping

Bookkeeping

Help manage your books and records. Let us take care of your books, so you can focus on taking care of your business.

Explore our bookkeeping services

01

Reconciliation

Bank Transactions & Bank Reconciliation

  • Reconciling accounts receivables with sales invoices
  • Verifying and reconciling bank payments and deposits
  • Reconciling complex transactions
  • Verifying and reconciling input documentation and accounts
  • Reconciling customer ledger accounts
  • Maintaining reports, files, data and documentation related to financial transactions
02

Payroll (STP)

  • Payroll processing based on latest legislatives,
  • Accurate salary calculation – weekly, fortnightly or monthly
  • Single touch payroll
  • Superannuation compliance
03

Setup & Training

  • Take advantage of the latest technology and accounting software packages, such as XERO and MYOB
  • We can advise you on the software that’s right for you and that will make a real difference to your daily operations
  • Transfer your existing data so that there’s no confusion or inconvenience to you or your clients and customers

FAQ

Some key pieces of information you need to include in your invoices:

  • The words ‘tax invoice’ should be somewhere clear on the page
  • The buyer’s identity or ABN (optional if the sale is less than $1000)
  • A brief description of the goods or services you’ve sold 
  • Date invoice was issued
  • The seller’s name
  • Your ABN
  • The pre-GST price
  • The amount of GST added
  • The total cost to your buyer 

You have to tell the ATO how much GST you’ve collected from your sales income. You’ll report your GST in your Business Activity Statement (BAS). How often you report your GST depends on your annual turnover. 

  • Monthly – if your GST turnover is $20 million or more.
  • Quarterly – if your GST turnover is less than $20 million, and the ATO hasn’t told you that you must report monthly.
  • Annually – if you’re voluntarily registered for GST and your GST turnover is less than $75,000 ($150,000 for not-for-profit organisations).  

Single Touch Payroll (STP) is a new way of reporting payroll information to the Australian Tax Office. Businesses used to report this information to the ATO once a year.

Now, they need to send a report after each pay day. And those reports must be submitted using a solution that is Single Touch Payroll compliant, such as payroll or accounting software.

Call 02 8358 5553 Get in Touch