Keeping Track of Business Finances
The introduction of the new tax system and GST in Australia has increased the need for small businesses and individuals to hire the services of a bookkeeper to keep track of finances. Some of the key services bookkeepers offer include:Payroll
- maintaining employee earning records
- payroll process
- annual, sick, long service and RDO
- superannuation payments
- PAYG summaries
General Ledger
- Bank and credit card reconciliation (weekly, monthly, quarterly)
- profit and loss statement
- budgeting
- balance sheets
- income statements
Accounts Receivable
- preparing invoices
- receiving payments
- debt collection
- statements (monthly, quarterly, annually)
Accounts Payable
- payment of accounts
- schedule payments
- petty cash
Job costing
- track costs
- job profitability reports
Inventory control
- sales and stock tracking
- inventory reporting
- inventory sales analysis
Reporting
- daily, weekly, monthly or quarterly reporting
- financial year-end reporting
- profit and loss
- trial balance
- tax reporting - GST, PAYG
- balance sheet
Software training
- MYOB
- QuickBooks
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