Services

 

✔  Financial Management

Financial Management provides an additional level of review beyond day-to-day bookkeeping to ensure financial records, reporting and compliance obligations remain accurate and properly managed as a business grows.

While bookkeeping records the transactions of the business, financial oversight focuses on reviewing those records, monitoring financial reporting and ensuring key financial obligations are being met.

For growing businesses, this additional level of review provides greater confidence that the financial side of the business is accurate, compliant and properly under control.

 

✔  Compliance Management

Ensuring your business meets its ongoing statutory obligations, including BAS, payroll, superannuation and other regulatory reporting requirements.

This includes:

• checking account reconciliations and reviewing GST coding before BAS lodgement

• Monitoring payroll records to ensure employees are paid correctly and superannuation obligations are met

• checking source documents 

• Liaising with the ATO or Accountant

This gives the business owner confidence that their obligations are being met, and their business remains compliant.

📊  Business Reporting

Monthly Financial Reporting to ensure the business has a consistent set of financial reports that are reviewed regularly.

 

Typical reports include:

  • Profit & Loss statement
  • Balance Sheet
  • Budget vs Actual
  • Cashflow position
  • Aged receivables (who owes money)
  • Aged payables (bills to be paid)

 

These reports are structured so the business owner can easily see how the business is performing.

📁 Bookkeeping

  • Provide “catch-up” or “clean-up” bookkeeping services if you have fallen behind
  • Bank reconciliations
  • Debtor management 
  • Accounts payable
  • Prepare weekly, monthly and/or quarterly reports
  • Prepare year-end reports for your accountant
  • Maintain your receipts electronically
  • Changing software programs

🧾 BAS Lodgements

  • Prepare & lodge BAS, IAS & PAYG instalments
  • Prepare and/or lodge the Taxable Payments Annual Report
  • Set up a bookkeeping file, including a chart of accounts with tax codes
  • Set up tax invoices & other forms
  • Liaise with the ATO on your behalf
  • Apply to the ATO for a private ruling
  • Register or deregister your business for GST, PAYG withholding and more
  • Provide advice about GST, WET, fuel tax credits & other BAS provisions
  • Update your or your entity’s ABN details via the Australian Business Register

👥 Payroll

  • Determine correct Fairwork awards
  • Prepare payroll including determining withholding obligations, deductions and entitlements
  • Lodge payroll with the ATO via Single Touch Payroll (STP)
  • Prepare payroll reports as required
  • Perform annual payroll review & reconciliation
  • Perform annual payroll finalisation via STP
  • Prepare and lodge monthly and annual payroll tax liability
  • Prepare annual workers compensation forms
  • Lodge employee Tax File Number declarations on your behalf

💰  Superannuation

  • Prepare and lodge  superannuation guarantee obligations including Reportable Employer Super Contributions
  • Advise about, process and lodge the superannuation guarantee charge (SGC) on behalf of employers
  • Act as an authorised contact with the ATO in relation to SGC accounts, payment arrangements, penalty remissions, super audits and/or review activity
  • Provide advice about offsetting late payments of superannuation contributions against the SGC
  • Complete a late payment offset election section of the SGC statement

📑 Budgets & Cash Flow Reports

A budget report shows what the business expects to earn and spend over a period of time, usually monthly or annually. It allows the business owner to compare what was planned with what actually happened.

 

A cashflow report focuses on money moving in and out of the bank account, rather than profit.

 

Both reports can help the business owner understand:

  • how much cash is available
  • upcoming financial pressures
  • whether additional cashflow planning may be required
  • make better financial decisions and avoid unexpected financial pressure.

Other business services

We provide a range of other business services

  • help with Government Grants
  • general administration assistance