Bookkeeping Services
Outsourced Accounting
Outsourced accounting is a service which provides a full, accounting department experience for small businesses. An accounting department handles the day-to-day transaction coding, accounts payable, accounts receivable, payroll, management financial reporting and many other services.
These are the main services provided by accountants. Accounting services include perfecting of financial services, preparations of tax returns, track expenses and revenues, producing financial records and provide consulting to a business
Compilations
A Compilation of financial statements definition. Financial statements prepared by an bookkeeper / accountant based on the amounts provided by a client. The bookkeeper / accountant does not review or audit the amounts provided and therefore does not provide any assurances regarding the validity of the amounts. … Top
EOFY and BAS services
End of Financial Year Service
In Australia, a fiscal year is commonly called a “financial year” (FY) and starts on 1st July and ends on the next 30th June. For example, the financial year 2020 is the 12 months ending on 30th June 2019 and can be referred to as FY2019/20. While in New Zealand it is 1st April and ends on the next 31st March.
Give the job to us as your Bookkeeper. Every small business is different, so the information needed will differ, but will generally include: gross income, client invoices, records of goods sold, salaries, sales records, last year’s tax return (if applicable), receipts for office supplies, invoices and purchase documents.
BAS Preparation Services
Accounts Payable & Receivable
Payable Entry and Reconciliation Service
Accounts payable (AP) is an accounting entry that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. It appears on the balance sheet under the current liabilities. Another common usage of AP refers to a business department or division that is responsible for making payments owed by the company to suppliers and other creditors.
It is a typical Bookkeepers Job Duties. Always know what you have to pay and how much owed to you.
Description: Obtains revenue by verifying transaction information; computing charges and refunds; preparing and mailing invoices; identifying delinquent accounts and insufficient payments. Verifies accounts by reconciling statements and transactions as above.
Receivable Entry and collection Service
Accounts receivable and accounts payable are essentially opposites. Accounts payable is the money a company owes its vendors, while accounts receivable is the money that owed to a company. Accounts receivable is an essential aspect of a businesses’ fundamental analysis. Accounts receivables are current assets, so they are a measure of a company’s liquidity or ability to cover short-term obligations without additional cash flows. Further analysis would include days sales outstanding analysis, which measures the average collection period for a firm’s receivables balance over a specified period. … Top
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Our Bookkeeping Service can cater from small to medium-sized businesses with turnover ranging from under 250k to over $1Million. We target clients like cafes, B2B enterprises, to sole traders, wholesalers, retailers, tradies and more.
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