Category — Bookkeepers

Before you realise, Easter will be upon us, then the end of the financial year

A client asked us today whether he should make the final balloon payment on his earthmoving equipment, even though he still has 12 more months to pay it off

We’re not registered tax agents and can’t advise whether he’s better paying the lump sum before the end of this financial year, or whether he should carry the payments over into next year.

If your bookwork’s not upto date, how do you make an informed decision about your tax liabilities?

If you don’t have your bookwork upto date, or if bookkeeping is the last thing on your mind right now, then how can you make an informed decision about your tax liabilities for the financial year ending 30 June 2009?

How do you know if you should make a lump sum payment on your vehicle lease this year? If you ask your accountant, you’ll most likely be told that without seeing any upto date figures for this financial year, your accountant cannot give you an informed answer

To prepare for the end of the financial year is not as difficult or as daunting as the task may appear. In fact, the ATO offer you encouragement to get your financials upto date with the quarterly BAS requirements.

Look no further, stress no more, simply contact us, as we provide an outsourced bookkeeping service. Our mobile bookkeepers can come to your premises, work on your computer, or pick up the paperwork and take it away to return with neatly filed and documented set of accounts ready for you to take to your accountant

You may well ask how can a book-keeping fix a leaking pipe.

Simply this: If you’ve got a leaking pipe, you get it fixed; If you’ve got problems with cashflow, you want it fixed.

It’s hard to fix the problem if you do not know the cause. As business owners and/or operators around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne you need to keep a handle on your finances to keep your business running. Contact us now for a free consultation
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Use an efficient and simplified system to keep your book keeping in order, your books upto date and produce reports so that you have an accurate and current record of where your business is each week.

Do you know that saying:”A Little Knowledge is a Dangerous Thing”? When applied to an accounting software package like Quickbooks or MYOB, it can become costly.

Many clients around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne have contacted our professional bookkeeping service after having difficulties keeping on top of their bookkeeping. Contact us for more details

They’ve been shown just enough to be able to enter data and produce reports. However the reports that are generated are not a true reflection of their business.
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A new client contacted us out of desperation. Struggling to prepare all the documentation for the Business Activity Statement, she could not get the figures to balance.

We suggested she email us the MYOB data file, so that we could get a clearer understanding of where she was at with her bookwork. Contact us for details

She then admitted that there were two different data files being used in the office for the bookkeeping!

Here lies the problem: If you are working on the bookkeeping in one MYOB data file, and someone else is working on the bookkeeping in another data file for the same company at the same time, errors will arise – because MYOB is not designed to cater for that.

So we asked her to send us the other MYOB data file , and then we had to work out which file was the most current.

Often the problem is not with the BAS form

Often when clients around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne ask us to help them with their BAS (Business Activity Statements) the problem is not with the BAS.

The problem lies with somewhere within the bookkeeping process during the BAS preparation. You know the saying GIGO – garbage-in, garbage-out! The actual completion of the BAS form is the easy part.

After all, if the figures do not balance, you can simply make a general journal entry to fix it all up – right? WRONG Contact us for details

PS The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

We’ve had a number of potential clients contact us, surfing the internet to find the cheapest bookkeeper.

Is a cheap bookkeeper cheap because they themselves do not value their work/worth?

We’ll save you time, the cheapest bookkeeper is probably one who is straight out of TAFE and has got a piece of paper to say that they can do bookkeeping. Maybe the cheapest bookkeeper has done a MYOB course, or a Quickbooks course. Contact us for more details

Maybe the cheapest bookkeeper is just “starting a bookkeeping business” and does not feel confident in “charging too much”

It seems that these days you can get a bookkeeper around Melbourne Inner Suburbs, Fitzroy, Richmond, Toorak, or Pascoe Vale, and Essendon from [Read more →]

Many people are returning to work today after the Christmas / New Year break.

With lower interest rates, lower fuel prices and Kevin Rudd throwing money around like it’s burning a hole in his pocket, what is in store for 2009?

The Australian Taxation Office continue on their relentless search to hammer small business owners and squeeze every last cent out of them. Meanwhile, at the big end of town, multi-nationals and large corporations seem to get away with paying very little tax in comparison.

We’ve seen an increase in small business owners receiving the dreaded ATO letter chasing possible outstanding taxes. Maybe you’ve been a little slack in submitting your Business Activity Statements (BAS) lodgments, and need some help in preparing the paperwork to complete the returns. Contact us here for details

Next Quarterly BAS due 28 February 2009
There’ a few more weeks before the December 2008 quarter is due to be lodged, but bear in mind that the following quarter is then only due a few weeks later, 28 April 2009. It sounds like there’s plenty of time in between, but in Australia there’s a few short weeks in April with Good Friday, Easter Monday and ANZAC day

Don’t get stressed about your bookwork, leave it to professional mobile bookkeepers like us. You can outsource your bookkeeping needs, in the know;ledge that it will be taken care of in a speedy and efficient manner.

Who knows, we may even find some extra income in your business that you were not aware of. Don’t be fooled by believing that bookkeeping is an expense for your business.

Having a good bookkeeping service such as ours, can be a great asset to your business, and you’ll find that our service far exceeds the level of fees.

Smart business operators around Pascoe Vale South, Coburg North, Keilor East, North Essendon realise that an outsourced bookeeping service is an excellent investment for your small business. Contact us here for details

12 Jan 09The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

With Christmas out of the way, and many small businesses returning to work, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2008) to get your BAS lodged on time.

Maybe the Australian Taxation Office (ATO) does have a heart, after all. Rather than asking for lodgements on 28 January, they automatically give everyone an extension to the BAS lodgements to 28 February.

However, don’t be fooled by their grace, because there is NO WAY that they’ll consider granting an extension after that date. So you need to ensure that you have your Business Activity Statement lodged by 28 February 2009

If you are struggling and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now

Our bookkeeping Service has clients in and around in the City of Moonee Valley, Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne. Contact us here for details

There’s an increasing demand for capable bookkeepers and bookkeeping services in the Monnee Valley area of Melbourne.

We have a team of bookkeepers to service that area, based in Pascoe Vale South, servcing business owners in Airport West, Essendon and suburbs in between

With the recent launch of the adopted Moonee Valley Economic Development Strategy, “Energise.Connect.Prosper”, Moonee ValleyCouncil has made strong commitment towards commencing programs to support small business.

Over the next 12 months, Council will be [Read more →]

We are constantly amazed by the attitude of some small business owners towards their finances.

Whilst it may be true that you can get a friend or relative to do your bookkeeping, how can you be sure that they are doing the job correctly?

When the going gets tough, they see their bookkeeper as an unnecessary expense. Some small business owners do not have a bookkeeper, believing that their wife, partner, husband, aunty,cousin or friend can do the books at “mates rates” or even at zero cost.
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We were approached by a client who’s been using her accountant to do her bookkeeping!

The accountant had set up everything for her, but things had got out of hand. We organised for one of our bookkeepers to go and see her, and let us sort out the mess.

In her wisdom, she decided that she’d speak to her accountant before we started. Then she came back to us explaining that the accountant would look after everything.

Maybe she doesn’t realise that accountants too outsource bookkeepers, and then add a nice little (big) markup to add to their profits – so the client actually ends up paying more fees for less work.

Anything that you can do that will save them time, such as keeping your books in good shape, will save you money.

You can dramatically reduce your accountant’s bills by taking care of your own day-to-day finances.

Ever wondered why your accountants’ eyes light up when you present them with a shoebox full of dockets at the end of the financial year?

The accountants will charge their time to you and pay bookkeepers rates to get the work done. So the accountant has just made a very nice profit from a business owner who desperately needs to tighten up business operating costs.

If you’ve been told that hiring a bookkeeper is expensive, then contact us for a free appraisal of your bookeeping needs