Business keeping is the next evolution of advanced bookkeeper who is dedicated to assisting your business to thrive.
Business keeping is beyond day-to-day bookkeeping. Think of us as your outsourced Chief Financial Officer who can advise on the bigger picture of your business, not just the bookkeeping of accounts. We can function as someone you can confidently share your business challenges and goals with.
We work with you to plan and manage upcoming obligations and advise you on compliance matters. We ask questions to provoke insight and inquiry into how your business is performing, and discuss changes occurring within the business operations.
We actively help you understand your financial reports so you have an accurate assessment of your business at any time.
A valuable aspect of business keeping is that we can recommend beneficial business processes and systems to increase efficiency and profit.
Having a qualified and skilled professional manage your accounts and business systems in Xero and related add-ons frees up your time so you can focus on what you are good at and the reasons you are in business.
What does Business Keeping include?
Accounts payable are the bills you owe to your suppliers. Keep track of how much you owe your suppliers and when it’s due. Avoid forgetting to pay or paying someone twice.
Accounts receivable are the invoices your customers owe you. Keeping track of how much you’re owed, by whom and when payments are due is critical to ensuring that cash continues to flow into your bank account.
Budgets and Cash Flow
Compare your actual performance to your targets and ensure that sufficient cash is flowing into your bank account to meet your obligations.
There’s more to it than meets the eye when engaging contractors. We can assist you in ensuring that you get this right and avoid the common pitfalls and associated consequences.
Custom Chart of Accounts
Transactions need to be allocated to accounts. Although there are many common ones, this is unique to every business. We can tailor this to meet your management reporting needs.
Do you hate being shuffled from bookkeeper to bookkeeper every other week? We assign you a dedicated bookkeeper who gets to know your business.
End of Month Checklists
We build custom checklists for your business to cover the small but important details to ensure that the work is consistent, accurate and professional. It’s a no-brainer really!
You can feel at ease knowing that you’re meeting your employer obligations with our assistance with the fundamentals of HR and payroll. If it’s out of our depth, we can refer you to a competent professional.
Improve Business Systems
Be less frustrated and make more money by improving back-end business processes. We can offer advice and technology solutions to make business fun and rewarding again.
If you manufacture and/or sell widgets, you need a system to manage your inventory. Accurate cost prices, stock on hand, incoming stock and back-orders are essential to running a thriving business.
Track staff time, expenses and billings to a job and assess against a quote. Run reports to show exactly how much money you’ve made at the end. Use that data to refine your quoting and choose future clients and projects.
Tracking categories functionality in Xero is a great way of allocating transactions against locations, departments, sales people or other variables for better reporting.
We can take care of everything from setting up time and attendance systems, setting up employees, running large and complex payrolls, employee termination calculations, Single Touch Payroll reporting to year-end Payment Summaries.
Phone and Email Support
Help is only a phone call or an email away. Reach us easily during business hours for anything you need. It’s like having a full-time bookkeeper without paying for one.
Proactive Business Advice
Better business decisions can be made if you have better information. We’ll make sure you’re aware of the stuff that you don’t know that you don’t know, but that you really ought to know.
Reconciliation applies to more than just your bank accounts. It could include tax debts, car loans and clearing accounts. We reconcile these before every BAS, not just annually to make sure that your accounts are in tip top condition.
Letting your accounts run away from you is not ideal. We make sure that we stay on top of your books at least monthly, if not weekly or daily, depending on your needs.
Whether it’s a simple customised report layout in Xero, an add-on reporting package or a fully customised solution, we build reports to meet your needs and assist your decision making processes.