Bookkeeping for Mackay

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