Your business is doing great
Your clients are happy, your brand is taking off, you love what you do... but at the end of the day you're sitting in front of your computer trying to get your head around withholding, reporting, compliance and superannuation guarantee.
Or maybe, you're are trying to see how your hard work is represented in your predicted cash-flow and income statement.
And you feel like your time could be better spent building your brand, selling your services and growing your business instead of working out your bookkeeping like how to reconcile your bank accounts.
That's because it can!
You started a business because there was something you were great out, something you were passionate about. You didn't start a business to drown in medial tasks such as bookkeeping. Unfortunately though, accurate books is the foundation of a strong business. Decisions should be made based on your business financials and it is the key to growing a strong and healthy business.
If your business has employees, you know how important it is to keep these employees happy to ensure commitment and dedication. A big part of keeping your employees happy? Get payroll right! By ensuring your employees get paid on time, every time, you are one step closer to a happy and productive team. Payroll is also important to ensure you keep the tax department off your back and don't suffer fines from late superannuation payments.
That's where I can help. Hiring a qualified bookkeeper will ensure you have all the data you need to make decisions, presented in a way that makes sense to you. It will guarantee your business won't fail because of an issue with compliance or a decision made from an inaccurate cash flow report. It will also give you that happy team!
of small business invoices are paid late, with an average of payment 26.4 days late.
fine per reporting obligation a business fails to meet including record keeping.
of failed businesses were profitable, failing from poor financial management or poor planning
You be the expert and I'll help you gain control of your finances
You no longer have to stress about your business financials. I'll ensure you have all the information you need to take care of what you do best, you are after all the expert.
Data entry involves inputting all your data accurately so you understand where you stand financially. You can then use this data to make vital decisions such as determining your biggest expenses to help you cut costs.
Accounts Receivable & Payable
Accounts receivable and payable is how you keep track of money you expect to come in and expect to go out. It is impossible to know where your business stands without knowing what to expect from your finances.
Following up on Payments
Sometimes clients miss your invoice or simply forget to pay on time. Chasing clients for money instead of focusing on making more money is just holding your business back. I'll follow up on all your invoices to ensure you receive payment on time and chase any late payments for you.
Bank reconciliation matches your bank statement with your balance in your accounting software. This is important to ensure there are no discrepancies and helps catch any fraudulent transactions.
Receipt management is a biggy! Do you or your team have a habit of losing receipts or do you just not have a good system for managing them? I can get your receipts in order and keep them that way so you don't ever have to worry about missing out on anything you can claim.
Reports are key to understanding how your business is performing financially and provides you the information you need to make decisions. I can generate reports to help you manage your cash flow, income statement and balance sheet.
Payroll & Superannuation
Having your payroll and superannuation under control is important if you want a happy and productive team. I can handle all your needs with timesheet input, withholding, payslips, superannuation guarantee and employee leave so your employees get paid on time, every time.
Timely and professional invoicing is key to getting paid when and how you need to. I can generate an invoicing template for you and use Xero to send invoices straight from your software.
Setting you up with Xero
Xero is accounting software that is designed to promote automation and save time on your bookkeeping. It also has the added benefit of offering many add-ons such as project and receipt management so everything is connected. I can help you choose the right plan for you, get connected and manage your books in Xero.
Does your business need bookkeeping or payroll services?
First off, what does a bookkeeper do?
A bookkeeper records and maintains financial records for a business usually with the use of accounting software. This includes expenses, liabilities, income and assets of the business. A bookkeeper can manage additional steps in your sales process such as invoicing clients and following up to ensure you get paid.
Does a business need a bookkeeper?
Not necessarily, if you have an understanding and enlist the help of accounting software such as Xero, managing the books has never been easier.
When should I hire a bookkeeper?
If you aren't confident in maintaining your accounts, it may be time to consider a bookkeeper. Accurate books is the foundation of a strong business, it should play a major role in business decision making. It is also necessary for compliance when operating a business, saving you from nasty questions at tax time. Bookkeeping is also a time consuming task whose principles are often unchanging. It is the perfect task to outsource to a bookkeeper so you can focus on your business growth with all the right tools.
What are the benefits of outsourcing bookkeeping?
Bookkeeping is vital to your company's health but unfortunately is not something that will directly grow your business. By outsourcing a bookkeeper you will save on employee costs and won't have to worry about setting up a computer system for the work. You will also only have to pay for time needed, this is particularly relevant if you're a small business. A small business may only need a few hours of bookkeeping a month to cover the books and payroll. With outsourcing, you can delegate how many or few hours you need.