How We Help
Bookkeeping Made Easy
High-quality bookkeeping is not an expense… It pays for itself, saving you money.
Invoicing - Overdues - Compliance - Profitability Tracking - Cashflow - More in Xero.
Save Money with Smart Bookkeeping
We are here to save you money and earn you more than we cost - here’s how:
Good bookkeeping will save you a heap of money with your accountant.
Invoicing, overdues and cash flow are stressful - unless you can see exactly where you stand in your bookkeeping.
Knowing where your money is going means you make much better spending decisions. Seeing where your most profitable work is lets you chase similar work in the future.
Uncover Hidden Profits with Our Profitability Tracking
The problem with that is you end up doing a lot of work that generates revenue, but you can’t see where your areas of profitability are.
We’ll help you find what’s most profitable and see you can do more of that type of work in the future.
Cash Flow Predictability: Bookkeeping to predict your bank balance in 1-3-6 months
Most businesses don’t know where they stand financially. They are relying on a financial gut feeling, based on previous tax years.
Invoicing: Get it done within 24 hours of delivering work.
Sending accurate, on-time invoices sets a tone. It tells other businesses you are serious about your work that you expect to be paid fairly and on-time.
BAS Preparation: Get ready at BAS time - lodge BAS with confidence.
BAS can be a pain in the...
Anyway - let us handle this for you. :)
Rebekah (our favourite accountant) can lodge your BAS for you if you don't already have a good accountant.
Overdues: Helping you chase up slow-payers
Most businesses don’t have good systems to track people who are you money.
We fix that by helping you see exactly:
- who owes you.
- exactly how much they owe.
- How far overdue are they?
- What's your next step to solve that? (text + email or phone call)
Xero Compliance: Keep the ATO happy
If you don’t take your bookkeeping seriously, the Australian Tax Office will. Don’t get into an accounting mess that you can’t dig yourself out of. Nobody wants to pay a fine to the ATO.
When you need a bank loan
Banks won’t lend money to people they don’t trust. Your bookkeeping needs to show that you are on top of all your business finances. Keep your bookkeeping up to date so that banks can see you are trustworthy.
Good Books = Good Decisions
- Avoid DIY Bookkeeping.
- Avoid Old-School Bookkeeping.
- You Need Excellent Bookkeeping For Excellent Decision-Making.
The secret advantages of great bookkeeping:
You have all the figures you need to make great decisions.
You know what work is most profitable - so you can focus on profits.
You won't get surprised by a lack of cash in the bank when you need it.
Excellent Bookkeeping
For Confident Decision-Making
- You can see exactly where you are financially.
- You know exactly how much to expect in your bank - next month, quarter or year.
- You know what parts of your business are generating the highest profit margins
- Know what services you offer that provide revenue but low profit margins (and therefore should be reduced)
- You pay your accountant less because they have less work to do at tax time
- People who are you money pay on time because they get reminders
- Spend time with your wife/partner and your kids instead of in front of the computer.
Old-School Bookkeeping
(Survival, but it ain’t good)
- Keep track of your receipts and invoices so you are tax-compliant. (If the ATO ever knocks on your door, you’ve got records)
- You have to pay your account heaps of money to solve all the problems and ‘undone’ things.
- People don’t pay you on time, and you don’t follow them up properly to prevent that.
- Your suppliers overcharge you because you haven’t got your eye on the ball.
- You are only guessing about how much money will be in your bank next month.
- You aren’t charging effectively for some of your work - because you aren’t sure which work is most profitable and what’s not
Do-It-Yourself Bookkeeping
(Takes over your life)
- You or your partner try to do your own books late at night when you are dead-tired.
- At tax time, your accountant charges you heaps - because they have to clean up the mess.
- You invoice customers late, and then they pay you late - and you don’t follow them up often.
- You argue with your partner about money, invoicing, late bill-paying etc.
- You try like crazy to understand your bookkeeping software… But it’s still a mystery.
- You hope like heck that the ATO doesn’t audit you because things really are a bit out of control.
What would you like help with?
General Bookkeeping: Accurate records of financial transactions and ledgers
That includes all business transactions like purchases, sales and payments received. One day when the ATO comes knocking on your door, they’ll want to see all your receipts, so you need to stay on the ball.
Accounts Receivable: Incoming payments, create & tweak invoices
The skills that pay the bills… When you’ve done work, you need to invoice ASAP.
That way you can get paid ASAP and so that your customers know you’re serious about getting paid.
Overdue Receivables: We’ll track overdues and send reminders so you get paid
When you issue an invoice, it needs to be tracked so that customers receive a reminder when it is one day late, 5 days late and 10 days late. Initially reminders can be by text message and email, but phone calls are more effective if initial reminders are ignored.
Accounts Payable: Outgoing payments and supplier invoices
Often you are too busy to track bills you need to pay, so let us do that for you.
You need to pay your suppliers on time so they don’t cut services to you.
More than that, if you do need them to be lenient with you in the future, keeping them paid on time now means they will be happier to negotiate.
Payroll Processing: Calculate wages, processes payroll, and manages deductions.
You’d be amazed how simple it is for you to pay your staff with an ABA file that is accurately prepared by us.
Imagine if you could pay 10 staff or even 30 staff simply by uploading one file to your bank. Big time saver.
Financial Reports: See your figures when you need them to make decisions.
Show you financial statements such as profit and loss, cash flow reports, overdues reports, and general profitability.
Xero puts these at your fingertips as long as everything is being kept up-to-date.
Then you can make great choices and aim your business at the most profitable jobs in your niche.
Bank Reconciliations: So bank account balances align with Xero
This is the tedious, monotonous, time-consuming stuff that drives business owners crazy. Let us do this for you.
Inventory: Monitors inventory levels and record inventory transactions
Some businesses have inventory management processes, and some are all over the place.
Too much inventory and you waste your working capital. Not enough inventory and you frustrate customers and run around like a chook with its head cut off.
Data Entry: Inputs financial and business transactions into databases
Sure, your wife could do this for you, but does she really want to? No, she doesn’t.
Document Management: Organize and file receipts, invoices, etc
It’s all easy to access within Xero software, and we take this burden off you.
If the ATO comes knocking - you’ll have receipts well-ordered and handy.
Software Management: Set up and maintain Xero software
This is the fiddly stuff, like adding your new admin support team member into Xero, or making sure the right people on your own office team have access to the features of Xero they need.
Otherwise, they will spend your time trying to work things out for themselves.
End of Year Preparations For Your Accountant: Keeps accounting fees low
Don’t let your accountant charge you $200 an hour to solve great big messes that we can fix for you at a much cheaper cost. You don’t want that, your accountant sure doesn’t want that, and needed a week.
Let us get everything ready so your accountant can do your work in a minimum of time and at low expense to you.
Cashflow and Budget Preparation: Help create budgets that outline expected income/expenses
Stop guessing about how much money you have in your account 3 months from now. Good bookkeeping means that you’ll be able to predict with a fair degree of accuracy how much you’ll have on hand.
That way, you never get in that terrible situation of not having enough money to pay your bills because you haven’t budgeted ahead of time
Free 20-minute consultation
(On Zoom, from the comfort of your office/lounge room).
Did I mention that it's free? It's free. :)
Get back on track - Save hours of time - We'll show you how.
Let's have a look at:
- How your Xero is set up - and show you efficient ways to save time.
- See if you've applied relevant bank-rules - that will cut time off your 'bank reconciliation'.
- Look for tricks to make invoicing more efficient - simple things that 90% of people don't realise.
- Handling overdues (Simple steps in invoicing to save you phone calls).
- How to save time with Payroll - ways to reduce it to a 15 min job each fortnight.
- We'll look at 5 other things and check you're set up well.
For Your Free Consultation
Contact Us Now:
