Category — MYOB

Why continue fighting with the paperwork, and continue to struggle with performing tasks that you really do not enjoy doing? Let us get your bookkeeping upto date

Sinking under a pile of paperwork can quickly become very depressing. Smart business owners realise the benefits of focusing on what they do best, and outsourcing the rest – that way you can become far more productive using that time building your business.

FIND MORE TIME
By outsourcing your bookeeping you’ll have more time to focus on other areas of your business

SYSTEMIZED BOOKKEEPING
Most businesses fight with paperwork because they do not have any systems in place to handle the documentation that passes across their desks.

We’ll establish an efficient filing and bookeeping system to set those procedures in place

BENEFITS OF RECORD KEEPING
There’s many benefits (as well as legal requirements) in having good record keeping systems established for your business

Our team of professional bookkeepers around Sydenham, Coburg, and Pascoe Vale, in Melbourne’s northern suburbs, love doing the bookwork, and can get your paperwork upto date in a shorter time saving you TIME = MONEY.

For your business’ sake and your sanity Contact Us NOW!

Sydenham small business owners struggling with your MYOB bookkeeping and BAS can get help right here.

contact our Sydenham Bookkeepers, your local mobile bookkeeping service today

There’s only two weeks to lodge your December quarter Business Activity Statement [BAS].

Our team of bookkeepers servicing the suburbs around Melbourne’s Tullamarine airport have received a number of phone calls from small business owners in the City of Moreland council district wanting help to get their MYOB and Quickbooks bookkeeping upto date ready to lodge the December quarter BAS that’s due 2 March 2010

Savvy business owners from Sydenham on the west to Coburg on the East, have contacted our Pascoe Vale Bookkeepers, looking for a mobile bookkeeping service.

Rather than you struggling and getting stressed out over it, give us a call, and we’ll come to your premises and review your MYOB data files.

Our Melbourne mobile bookkeeping service can help you with reconciling your bank account statements. We’ll run various checks and reports to ensure that all the data has been entered correctly and allocated in the correct accounts

The Australian Taxation Office [ATO] advise that almost 80% of BAS forms are lodged incorrectly – as many small business owners are challenged with the task of completing their Business Activity Statements

Contact our Moreland district bookkeeping team today

A bookkeeping client asked whether he should pay his supplier from the invoice, or the statement.

As bookkeepers we always say pay from the invoice – NEVER pay from the statement.

Why not pay from a statement?
When you always pay from an invoice, then there’ll be no risk of wondering whether you’ve paid that invoice or not – and when your bookkeeper comes to enter the data into the accounting software package, be it MYOB or Quickbooks, the bookeeper will know what you’ve paid and waht you haven’t.

When you receive a statement, it may list invoices that you have since paid, and you could end up paying them twice.

But surely the supplier would tell you that you’ve paid the invoice twice. Maybe, or maybe not.

By sticking to the rule of always paying from an invoice, and never a statement, you can see what the invoice relates to, and you’ll know what the GST component is.

Surely the GST is always 10%?
Not necessarily. Take a food outlet, such as a cafe. The onwer buys unprepared food that is free of GST from a supplier, such as milk – and there’s also packets of biscuits included in the order which are inclusive of GST

What’s the statement for?
The supplier will send out a statement advising you of which invoices have been paid and which are outstanding in that reporting period.

Nothing wrong with attaching the invoices that you are going to pay, and put them with the statement – as long as you ensure that the amount you pay is not the amount requested on the statement, but the total amount of the invoices that are attached to that statement.

When cash flow is tight, you want to do everything you can to ensure that you are not paying invoices twice – and one way of doing that is never to pay from a statement.

As MYOB professional partners, we’re authorised to supply MYOB accounting software. We can supply, install, and train our clients to do their bookkeeping using MYOB software.

A client contacted us yesterday asking us to supply them with MYOB Premier Enterprise for their franchise. It’s a “high-end” version of accounting plus – and comes with five single usr licences

This means that you can have five different users – in different locations, all access the one data file. It’s great for retail outlets – maybe a chain of shops linking back to head office.

The clients have a bookkeeper that’s going to come in and do their bookwork. What is surprising is the fact that the bookkeeper did not advise the client that they would need their own server – and possible an IT guy to come and help them get the system set-up.

Clients are looking for more than just a bookkeeper these days. Clients are looking for a bookkeeping service that will actually supply “customer service” – you know, the old fashioned type of service that was not just knowledge. It’s “service with a smile” service with “heart”.

If you want the “wham, bham, thank-you ma’am”, then there’s plenty of cowboy bookkeepers out there who’ll do the work for next to nothing, and more often give you no service, and heaps of headaches, a set of incorrect figures but at least you’ll have not paid much for your bookkeeping fees.

Whether you use MYOB / Quickbooks, or you need Software Training for your small business in and around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Doncaster, Ringwood Suburbs of Melbourne, Australia, we are here to help. Contact our Melbourne team of mobile book-keepers now [Read more →]

Business Activity Statements, for business owners reporting quarterly, are due on 28 July 2009.

For many small business owners around Doncaster and Ringwood, and especially for their bookkeepers, July is always a busy time of year in Australia.

With end of financial year reporting, together with reporting of the 01 April to 30 June quarter, businesses that are behind in their paperwork can struggle under extra pressure that they really do not need

Cash flow has certainly tightened up in the economy. As bookkeepers, we’ve seen that invoice payments are being dragged out longer and longer, as suppliers wait to be paid by customers, and service providers wait to be paid by their clients

The phone’s been ringing as desperate business owners in a panic wanting help with their MYOB and Quickbooks files. In most cases, they can simply email us the files and we’ll have a look at their reporting and can generally work out where the problems are within a short time

One lady contacted us after spending two days trying to reconcile her Quickbooks bank accounts. We had a look at her file and solved the problem in 35 minutes.

Look at the time and stress she would have saved if she had contacted our bookkeeping company when she first noticed that there was a problem

As a small business owner we encourage you to focus on what you do best, and we’ll do the rest, contact us now

Our team of bookkeepers will travel to your premises and work on your computer helping you keep your bookkeeping up to date.

Whether you are based in Pascoe Vale South, Coburg North, Keilor East, North Essendon, Doncaster, Ringwood Suburbs of Melbourne, Australia, we can service all your bookkeeping requirements

Our mobile bookkeepers can assist you with all aspects of your bookkeeping. You may be using MYOB or Quickbooks, or other accounting software. [Read more →]

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.
[Read more →]

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 →]