Our role is for you to think of us as your trusted accounts and payroll consultants so that you can better focus on running and growing your business. We work with you on a day to day basis to help you understand and manage your business obligations and make recommendations if there are better ways of doing things.

 

The below are services we can provide to you using your preferred accounting/payroll software packages.  We can also advise which software package would best suit your business structure.  We have extensive knowledge using MYOB, XERO, QBO and Quicken.  We are also experienced with accounting/payroll software packages used by McDonald's systems.

 

PAYROLL

Payroll can be processed weekly, fortnightly or monthly depending on your preferences.

Our services include preparation of wages, emailing employees payslips and processing wages into respective employee accounts.  

Superannuation is processed and reconciled before lodging with respective super clearing houses for distribution to nominated employee fund.

We will arrange calculation and lodgement of the payroll tax for employers whose remuneration reaches the required threshold. The annual reconciliation of Payroll Tax is also lodged with State Revenue Office.

The annual reconciliation of WorkCover and lodgement to WorkCover authorities.  

Preparation of PAYG Payment Summaries to employees and lodgement of file to ATO

 

ACCOUNTS PAYABLE

We can manage your outstanding debts to suppliers ensuring bills are paid on time.  Invoices are reconciled monthly with supplier statements to ensure none are missing and avoid any doubling up of payments.  We deal directly with suppliers on any queries or discrepancies.  Ageing reports are provided to you monthly to assist you for cash flow purposes.

 

ACCOUNTS RECEIVABLE

You need to know what is owing to you on a regular basis, therefore ageing reports are provided to advise amounts owing to you to assist with cash flow.  We also liaise with customers to ensure payments are received within the required trading terms.

 

MONTHLY FINANCIAL REPORTING AND RECONCILIATIONS

All accounts, being bank, credit cards and loan accounts are reconciled monthly to ensure entries are correct and balanced back to closing balances.  Balance Sheet GL accounts are reconciled monthly which includes confirming correct balances for Prepayments, Accruals and Liabilities.  Financial reports are provided monthly for assessment of business performance. We can discuss together any queries to help better understand these reports.  Budget and Cash Flow Analysis may also be provided to assist in the management of business profitability

 

LODGEMENT OF BAS AND IAS STATEMENTS

Being a registered BAS agent we can lodge monthly and quarterly BAS and IAS statements on your behalf

 

END OF FINANCIAL YEAR PREPARATION

Reports and relevant paperwork are provided to your accountant for preparation for your end of year tax returns

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