Bookkeeper, Bunbury, Western Australia
We help Bunbury business owners like you keep their books up to date
Are you living in beautiful Bunbury and you have started a business?
You are probably working out how you get your business up and going and keep your bookkeeping up to date at the same time - it's not difficult. You probably just need to be shown how.
As a professional bookkeeper I help clients all across Australia with their accounts, payroll, superannuation, BAS statements and more.
Mostly businesses use one of two accounting software systems and they are MYOB and Xero. These are not the only two available but these are the main ones that are recommended by business income tax accountants, so these are what we use and train in most.
Bunbury business owners come to me for professional, value for money, attention to detail service.
Some business owners ask me to get their bookkeeping up to date and then show them how to do it themselves.
Some business owners ask me to do all of their bookkeeping, meet with them weekly, discuss the figures so they can make the decision of where they can make more money.
However you would like your bookkeeping done, or what your needs are, my solution is for you and will be the best.
I will show you all things XERO or MYOB and can advise, train, integrate solutions and provide the knowledge, expertise and care that your business needs.
I can set out the step-by-step tasks for you to DIY from starting on your preferred accounting software through to lodging your own BAS so you never have to pay for someone to do this again. Your requirements are my priority.
And, I know you are here looking for that local Bunbury professional to take the headache of understanding, managing and doing your bookkeeping, away from you. My clients tell me that professional bookkeeping services for businesses Bunbury wide are hard to find!!
So let's sit down, have a coffee and a conversation so you know why our clients love us and continue to use our services year after year. It will take away your headaches and you will have clarity with no need to worry as you will finally understand the processes of bookkeeping.
From builders, alarm companies, pest control, web developers, digital marketers, manufacturers, service businesses, retail businesses, online businesses, medical practices, professional footballer or sportsperson, and so on, we have a wide range of expertise.
Then we can get stuck into showing you what we can do and how being an email or phone call away is an efficient and easy way to run your accounts with XERO and MYOB software.
Please fill in the form or call me 0427 66 99 69.
Still unsure - want to know what a bookkeeper does all day - then read on......
You may ask, if I take on a bookkeeper then what will that person do all day long?
Mostly the work moves in a circle around numbers, using mathematical skills you learnt in high school and accounting principles you have learnt later on to keep your business financial records.
The specifics of bookkeeping work relates to the type of company you work for, but day-to-day bookkeeping is similar for any company.
Maintain Financial Records
A bookkeeper will update and maintain financial records for a company on a daily basis including balancing bank accounts and making sure all deposits and any payemts have been reported accurately.
A portion of a bookkeeper’s day includes working out which payments need to be remitted and then doing so. These payments are then recorded in the accounting software. Bookkeepers will also record into your accounting software deposits received into the business bank account from clients, patients or customers.
Keeping business financial records takes time because the utmost accuracy is needed for every individual financial transaction, often making it time-consuming. Bookkeepers record daily transactions from information received so solid communication with all involved is very critical to maintaing and balancing financial records.
Bookkeepers will have to follow up receipts for business purchases, reimburse employees for expenditures and balance and reconcile petty cash. It makes sense to have an organised system for expense account reimbursement, petty cash and receipt submission which improves communication and eliminates transaction being forgotten - this way all the business fnancial records will be updated and maintained accurately.
Can My Accountant Do My Bookkeeping
When I speak to different business owners, they are confused about the differences between a bookkeeper and an accountant and how they can work together to help you keep on top of your businesses finances.
Accountants help keep your finances in order, but bookkeepers play an essential role too. So what’s the difference between a bookkeeper and an accountant? And how can a bookkeeper help you run your business?
If you’re a small business owner, you’ll be familiar with juggling several tasks at once. As well as keeping things running, you need to generate income, keep your customers happy and look after financial information. Tracking the financials can be a chore, though, and one of the biggest questions you might have is who you get to help with your accounts. Do you need an accountant, a bookkeeper or both? Let’s demystify things.
Accountants and bookkeepers have different jobs and responsibilities. An accountant’s primary focus is:
- the preparation and lodgment of end of year income tax
- advising on legal entity structures
- giving general business and financial advice.
Accountants are usually members of an Association. Qualified and registered accountants might call themselves CPAs (Certified Public Accountants), CAs (Chartered Accountants) or other titles, depending on the country they’re working in.
Bookkeepers can manage lots of different responsibilities within a small business. But the main focus is the organisation, recording and reporting financial transactions as part of a small business’s operational life. In more recent times, some bookkeepers have extended their range of duties to include:
- training clients to use accounting software
- implementation of document management and inventory control processes to create efficiencies within the business
- implementation of POS (point of sale) systems that capture the daily transactions in a retail environment.
- Develop, implement, maintain and review internal business processes.
- Set up your add-ons such as Shopify, Amazon, eBay, Menulog, etc.
In Australia, BAS Agents who are required to be Registered bookkeepers do the following and more:
- Apply to the Registrar for an ABN on behalf of a client.
- Code transactions, tax invoices and transfer data onto a computer program for clients through processes that require the interpretation or application of a BAS provision.
- Confirm figures to be included on a client's activity.
- Complete activity statements on behalf of an entity or instructing the entity which figures to include.
- Provide advice about or confirm the withholding tax obligation for the employees of a client.
- Register or provide advice on registration for GST or PAYG withholding.
- Services under theSuperannuation Guarantee (Administration) Act 1992to the extent that they relate to a payroll function or payments to contractors.
- Advise about an SGC liability, including calculating the liability and preparing the SGC statement.
- Advise about the offsetting of late payments of superannuation contributions against the SGC.
- Complete the late payment offset election section of an SGC statement.
- Represent a client in their dealings with the ATO relating to the SGC – lodging SGC statements, being an authorised contact relating to SG and SGC, and accessing these accounts in the ATO’s online services for BAS agents.
- Being an authorised contact with the ATO for payment arrangements relating to SGC account.
- Being an authorised contact with the ATO for requesting penalty remissions relating to SGC.
- Being an authorised contact for any audit or review activity undertaken by the ATO relating to SGC.
- Determining and reporting the superannuation guarantee shortfall and associated administrative fees.
- Dealing with superannuation payments made through a clearing house.
- Completing and lodging the Taxable payments annual report to the ATO on behalf of a client.
- Sending a TFN declaration to the Commissioner on behalf of a client.
- Providing a payroll service which involves interpreting and applying a BAS provision, including reporting of employee payroll information through the use of STP enabled software.
- Undertaking a payroll compliance review, providing an assessment and/or opinion whether the client is compliant with one or more BAS provisions.
- Determining eligibility, providing advice and assisting eligible clients to elect to participate in the JobKeeper Payments scheme.
- Determining eligibility, providing advice and assisting eligible clients in relation to their Cashflow boost entitlements.
- Determining eligibility, providing advice and assisting eligible clients to claim the JobMaker Hiring Credit.
You will often find that a bookkeeper has an area of specialisation and they may in fact be a Registered BAS Agent, and it’s a great idea to ask them more about this when you are looking at hiring them for services.
Are you tired of doing your books?
Whether you sell handmade Aussie rules football underwear, accounting software, or legal advice, I can guarantee: you earn money, and you spend it. Bookkeepers are the ones who help you keep track of all that.
FUN FACT: Bookkeepers have been around as far back as 2600 BC - records back then were tracked with a stylus on slabs of clay. Yes, a very long time ago.
Bookkeepers can help you with just about anything but they aren't equipped for some financial tasks. Just to explain, a bookkeeper will compile daily transaction into a useable format for an accountant to interpret when helping you file your taxes to get the best possible return.
Check some of the local businesses in Bunbury, they can impart further knowledge:
Take a seat - give me a call - 0427 66 99 69.