Financial Accounting
We provide Financial Accounting services for businesses of all types like Sole Traders, Partnerships, Companies, Trusts and Superannuation Funds in the following two ways:
- Regular or year-end bookkeeping done by our staff right through to preparing Financial Accounts at the end of the financial year OR
- Working together with your bookkeeper during the year and reviewing the accounts at the end of the financial year to prepare a set of Financial Accounts.
Need a Bookkeeper?
Based on a review of your circumstances, we are able to suggest one of several external bookkeepers. They have been working with us for a number of years and together we have developed a foolproof system which ensures value of money to you.
Need Training in MYOB or QuickBooks?
If you want to personally maintain your books, we can provide training to get you started or assist you with specific issues. The training provided is ‘one on one’ and catered to your business so that the system and procedures setup suit your business and reporting needs.
Regular Bookkeeping
We recommend and are increasingly using BankLink, an easy and cost effective way to let us maintain your books. This system creates a smooth, once-only entry of all data to enable preparation of quarterly BAS and accounts which form the basis of the annual Income Tax Return and Financial Accounts.
- BankLink downloads details of transactions from your business bank accounts every month, with prior authorisation, into the BankLink software licensed to us. As the payments and receipts are already known, it is just a matter now of coding the transactions to the right accounts.
It is from experience we have learnt that data entry from bank statements into an accounting software package takes more than 70% of a bookkeeper’s time, which, using the BankLink system is now avoided. Duplication of entries, miscommunication with bookkeeper, coding errors etc are also avoided using this extremely cost effective system to have your Financial Accounts and Income Tax Returns prepared.
With this new technology now implemented in our office, we have identified considerable cost savings in our clients’ total year end accounting and bookkeeping fees combined.
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Are there any additional benefits of BankLink?
With prior agreement, we can use the regular information received to further prepare monthly and instant year to date reports, help you manage your cash flow, spot issues needing attention and give you more chances of taking up opportunities when they arise.
How does BankLink work?
Ask us for our fixed fee quotes to see if we can meet your financial expectations to provide one or more of the above services.