Every business requires different tasks to be completed. Some business owners still want to complete some tasks whilst others just say ‘here, take it all!! Give me the reports I need so I can make great strategic decisions’
What is a rescue job?
It’s not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it’s BAS time AGAIN and you know you’re going to have to spend the weekend getting it done.
Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.
Over time the problem becomes so big that
It has taken over your office
It keeps you awake at night
You don’t know where to start
You’re fearful that the ATO will call
You have no idea how much tax or GST you owe
You are completely in the dark
What’s the good news?
We can help because we have a team of highly skilled and dedicated bookkeepers who empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control. Because every ‘rescue job’ is as individual as you are, we can’t say exactly what we need to do to clean it up, get you up to date or how long it will take. Basically, we will do whatever it takes to fix your financials as quickly and efficiently as possible.
Some implications of a rescue job can be:
You may be paying the wrong GST, Tax, Superannuation
You may be subject to fines and interest
You may be making strategic business decisions based on unreliable figures with dire consequences
What We Can Do For You.
Preliminary – Setting up your account
Installing accounting software
Customising accounting software to your business
Setting up a company file
Recording Transactions – Working with your accounts
Processing Service and Item Sales
Recording Customer Payments
Creating Adjustment Notes for Sales Returns
Recording Service and Item Purchases
Recording Supplier Payments
Finding and Viewing Transaction Entries
Recording General Journal Entry
Spending Money and Make Deposits
Preparing Bank Deposits
Recording Bank Fees, Merchant Fees and Interest
Reconciliations – Snap shot of your account
Reporting – Keeping track of accounts
Profit and loss statements
Setting up employees and terminations
Processing tax and payroll tax
End of year rollover
Reporting of entitlements including sick leave/holiday leave/accruals
Document Preparation – Ground work for Australian Tax Office
Business Activity Statement (BAS)
Setting up BAS information
Setting up Pay As You Go (PAYG) instalments
Preparing a BAS audit report
Printing BAS statement
Entering BAS payments/refunds
Liaising with your external accountant
Adjustment of accounts as per accountants instructions
Maintenance – Keeping things in track
Ongoing maintenance of accounts
Talk To An Expert
Business accounts made easy with your virtual bookkeeper, expert advice at your fingertips. Call today!