A good bookkeeper will ensure you have efficient accounting processes in place. Having an effective and reliable system will enable you to manage critical components of your business.
In March 2010 the ATO introduced legislation to regulate the bookkeeping industry, due to the varying levels of bookkeeping skills and experience available. There are harsh penalties for providing BAS services without being a Registered BAS Agent. Although a non registered bookkeeper can still perform limited services, they must operate under the supervision of a BAS Agent.
To check if an agent is registered, just enter their details in the www.tpb.gov.au register or look for the registered practitioner symbol.
Most small and medium business owners do not have the knowledge, time or ability to effectively perform their bookkeeping duties. Outsourcing a bookkeeper will provide you with the time required to focus on your businesses operations.
Some accountants do offer bookkeeping services, but will usually charge considerably more than a bookkeeper. Finding a good bookkeeper to work in conjunction with your accountant is far more cost effective.
Administration staff are often able to perform some of the data entry and reconciliation processes that your business may require, however getting a qualified bookkeeper to set up processes and oversee the work is essential in producing accurate reports. Furthermore, qualified and certified bookkeepers are well aware of small business obligations and deadlines to ensure you don’t get any unnecessary late lodgement fees and penalties.
- General Bookkeeping
- Payroll, PAYG and superannuation
- BAS and GST preparation and lodgement
- Accounting systems and setup
- Software training and support
Please visit our services page for more information about the services we offer
Not only does accounting software make your bookkeeping easier and much more efficient saving you valuable time and money, it will also track all of your critical financial data from which you’ll be able to measure the health of your business. This is important for future growth and development and to help you make informed decisions about your business.
The requirements of your business will largely determine which accounting software you use. Some of the questions that you may need to ask when deciding on your accounting software include:
- Does the system calculate all payroll requirements (PAYE, annual leave, long service leave etc.)?
- Does the system track stock, work in progress, orders, jobs and other task management requirements?
- Will the system be able to handle multiple bank accounts?
- Does the system need to handle foreign currency?
- Does the system track separate financial records for each business or department within the business?
- Does the system allow for interface with other computer systems such as online payments?
Flawless Figures can help you determine which software is right for your business.
Using the latest cloud based software, you no longer need to find valuable office space for our bookkeepers which is perfect for those home based businesses that enjoy their privacy.
We are based in Melbourne, but have clients as far away as Queensland. With the beauty of cloud based software, you could be anywhere!