An accounting system is crucial to the success of any business. It stores and sorts all your financial information. Setting your accounting system up the first time can be a difficult job. We handle all the setup steps including subscribing your software. Fully customising the software to your business, we tailor your chart of accounts, enter your logo, customise your invoices, setup email templates and connect your bank accounts.
We can even provide you with training on how to use your new software so that you don’t make costly mistakes that can snowball very quickly. Set your accounting software up correctly the first time, and you will reap the benefits in the future.
Using MYOB, Saasu, Quickbooks, Reckon, Excel or another accounting system and you want to move to a new accounting system? We can help you convert your data across. The most common conversion in Australia is to Xero. If your data is in good condition, we can convert most accounting systems to Xero. If the data needs a lot of work, we recommend transferring over balances so that your new accounting system is as accurate as possible. We work with your data and your budget to determine the most economical solution for your business. It is not necessary to wait until the start of a new financial year. We can convert your data any time without interruption to your business. Haven’t seen Xero yet? Check out this short introduction below.
As Xero certified advisors and payroll champions, we have years of experience training customers in how to use Xero for their business. We have found the best way to learn is by meeting with a Xero advisor who can show you the best way for you to use Xero in your business. Xero is a very easy program to use but don’t be deceived – It is not a small system. There are many different ways of using Xero and there is a best way for you.
We offer half day packages. Four hours of training in one sitting is just enough to get a good grasp of basic bookkeeping in Xero.
If you would like to learn more about Xero, we recommend you complete the initial training, use Xero in your business and then book in for another session. In that second session, you will have questions from your use and we can then move on to more complex topics.
We also offer training in Quickbooks Online and MYOB. Our training is one to one and customised for the trainee. We recommend coming to our office to ensure no distraction.
Contact us with your requirements and we can go from there.
A rescue job is required if your bookkeeping is more than three months old. If you are in any of the following situations, you will require a rescue job :
Some people put off catching up on their lodgements in fear of the total bill from the ATO.
It’s easy to think, ‘If they don’t know how much I owe, they can’t chase me for payment’. Unfortunately, though penalties may be applied to your account for every quarter your lodgements are overdue.
And these can really add up. The mental burden of being behind in your obligations can affect your business in more ways than you realise. Our recommendation is that you catch up on all the obligations you have by reporting your BAS and submitting your tax returns. By doing this, you will stop further penalties accruing and we can request a repayment plan with the ATO that you can afford. You will be surprised at the amount of mental relief being up to date can provide.
For overseas businesses, navigating the Australian rules for GST and compliance can be difficult. We take the confusion out of determining if you need an ABN, ARN, Simplified GST, Full GST, Pty Ltd etc and offer professional advice and compliance.
Ensure you claim the full GST you pay on your imports into Australia correctly. | We have several packages available and can offer all services in this area. | Contact us to find out more about registering your overseas business for conducting trade in Australia. (link to the article ‘Foreign entities need to register for GST from 01/07/2018)
Payroll in Australia can be a minefield for business owners. With new wage theft laws coming into effect in Australia from 01 January 2025, it will soon be a criminal offence to intentionally underpay employees. | No one wants to be on the wrong side of the Fairwork Commission. We engage in continuous professional education in this area and have vast experience in award interpretation and human resources. | What can we do to assist you in this area?
Our payroll and HR services are all included in our Business Support Packages to varying levels. (link here to the BSP page). There is no separate cost for this service and unlike many bookkeepers that outsource this role, we feel it is an incremental part of offering an outstanding business support service.
We handle all your payroll needs including timesheets, wages paid, superannuation lodged, overtime, bonus and termination payments
There are over 100 awards in Australia covering employees. Each award is specific in application. We interpret and advise you on your unique employee award application. Minimum wage increases and penalty application, hours of work, RDOs, leave loading, cashing out of annual leave etc are some of the items legislated in modern awards that must be followed. You do not need to engage an external HR lawyer and will be assured your payroll is correct.
We create standard employment agreements for your employees in line with your business practices. When legislation changes, we will update your new agreements to correspond with Fairwork updates. These employment agreements are sent to employees to digitally sign and you can keep them on file.
Sensitive employee information such as tax file numbers, addresses, bank account details, super details etc. can be intercepted by nefarious hackers. To ensure your employees’ data is kept safe, we take care of all the onboarding process with a sleek, easy to fill out, digital invitation. No more paperwork to fill out. We can even collect identification such as drivers licences, Working with Children checks, White cards etc. and notify employees when these need updating
A phone call or email is all it takes to find out the answers to your employment questions. We can advise on any aspect of employment law including terminations, hiring, awards, PAYG Withholding, Superannuation salary sacrifice etc. | If there is something we don’t know, we have another HR support service to correspond with and escalate any matter.