At On The Money Bookkeeping, our main intention is to help your business prosper, using evolutionary bookkeeping practices that go beyond the basics. And one of the ways we are able to do this is by using Xero, the most advanced bookkeeping software available today. Simple, hassle-free and efficient, Xero bookkeeping makes a wonderful choice for small to medium-sized businesses in Melbourne and beyond. We are proud to share that we are accredited as Xero gold partners, and are known for offering quality Xero bookkeeping and business keeping for our clients across Australia.
We are a 100% Xero practice and hold Xero advisor certification, payroll certification and integration certification. We are huge fans of this beautiful and simple to use online accounting platform, as it allows for better streamlining of day to day business processes.
Xero offers accessibility, excellent security, daily bank feeds, file attachments within transactions, a mobile version for business owners on the go, customised reporting and also connects to many specialised add-ons to refine your business management further. Bookkeeping with Xero also allows for automating many processes and systems at lower bookkeeping costs, so that you can always have updated data, and can free up time to do what you really need to do.
If you’re not already using Xero, talk to us for a free appraisal of whether Xero is the right accounting software for you and how we can help you either set up new accounts or convert from another software platform to Xero. But if you are already using Xero, we can offer a complimentary review to assess whether you are getting the most out of Xero for your business.
We have dedicated ourselves to being Xero professional bookkeepers providing a premium service for discerning business owners looking for high accuracy, adherence to timelines, compliance and engagement with your business. All our employees are Xero certified bookkeepers.
We work almost exclusively from our office with businesses around Australia. The reliable online platform of Xero allows us to schedule work on your accounts regularly and perform small batches of work efficiently, without spending time on travel to other premises. We can easily maintain your accounts on a daily or weekly basis and provide accurate financials as needed.
Being enthusiastic Xero adepts means we can focus our professional development on one technology platform, maintain a detailed knowledge of its functions and keep up to date with changes to the software as it evolves. We, therefore, have more time and energy available for working closely with you and your business in the capacity that you need.
Xero has some helpful Small Business Guides available online that present tips, tricks and accounting essentials for business success. There are many reasons to love Xero and we love using it!
Reach out to us if you are on the lookout for reliable Xero bookkeepers in Melbourne suburbs like Ringwood, Croydon, Mitcham, Nunawading, Box Hill, Vermont, Heathmont, Blackburn, Bayswater, Bayswater North, Forest Hill, Surrey Hills, Doncaster, Burwood and Glen Waverley.
FAQ
+ Is Xero good for bookkeeping?
Absolutely. Xero is the leading cloud-based accounting software platform in Australia. It is ideal for small to medium businesses, offering intuitive features like bank reconciliation, invoicing, payroll, and reporting. Whether you are a sole trader or scaling enterprise with over 100 employees, Xero makes financial management simpler, more efficient, and accessible anywhere.
+ What bookkeeping services do you offer in Melbourne?
At OTM Bookkeeping, we provide a full suite of Xero bookkeeping services in Melbourne, including:
• Xero setup and customisation
• Weekly, monthly, or quarterly transaction processing
• BAS and IAS preparation
• Payroll management, including RDOs and time in lieu
• Financial reporting and analysis
• Accounts payable/receivable management
• Training and development of in-house staff
• Bookkeeping rescue – rectifications for historical errors
• Consulting and financial system improvement
Whether you're a growing start-up or need a bookkeeper for a small business in Box Hill, we tailor our services to meet your needs.
+ How can Xero bookkeeping improve my business efficiency?
Using Xero helps you process transactions faster, and offers real-time insights into your cash flow. With automated bank feeds and streamlined reconciliation, you save time and reduce admin overhead. Our Xero bookkeeping experts in Melbourne ensure your data stays clean, compliant, and ready for smarter decision-making.
+ How can Xero bookkeeping experts help streamline my business finances?
Our Xero-certified bookkeepers work with your unique financial goals in mind. We automate repetitive tasks, reconcile transactions promptly, manage payroll obligations, and ensure your BAS is submitted on time. We also provide specialist training to in-house bookkeepers and accountants on how they can get the most out of Xero. As one of the best bookkeepers in Melbourne, we go beyond data entry; we help you look ahead to plan for the future.
+ How much does Xero bookkeeping cost for small businesses?
The cost of bookkeeping in Melbourne can vary depending on your business size, transaction volumes and bookkeeping complexity. At OTM Bookkeeping, we offer affordable Xero bookkeeping packages designed for small businesses. Reach out today for a custom estimate that reflects your actual needs.
+ How do I verify if a bookkeeper is a BAS agent?
For a contract bookkeeper to provide comprehensive bookkeeping services, they need to be a registered tax practitioner. Unregistered agents are only able to provide limited services, so they can’t work unsupervised. To confirm if a bookkeeper is a registered BAS agent, visit the Tax Practitioner Board website at tpb.gov.au and search the register.
+ Why should I hire a qualified accountant to do my bookkeeping instead of doing it myself?
Bookkeeping looks easy, especially when the software experience and interface is simple to navigate. However, compliance as well as double-entry bookkeeping (debits and credits) can lead to untrained people posting entries to the wrong places. The consequences can lead to incorrect lodgements, tax paid and wages.
+ What’s the difference between a bookkeeper and an accountant in Melbourne?
In reality, an accountant working in industry does bookkeeping if they don’t have an accounting team to help them. More simply put, a bookkeeper handles easier day-to-day financial tasks like data entry, reconciliation, payroll, and GST. A tax accountant provides higher-level financial analysis, tax planning, and strategic advice. Think of bookkeepers as panel beaters and tax agents as spray painters. For Melbourne businesses, having both roles working together ensures stronger business financial health.
Ready to get started?
Ask us about how you can switch to Xero and make your bookkeeping life easier.
Call us on 1300 767 180.
Want to know if you’re getting the most out of Xero? Just add your details below and we’ll provide you with a free, no-obligation Xero review. *