Accounting Professionals

Bookkeeping for Accounting Professionals Sydney

“I need good bookkeeping for my clients”

The relationship between an accountant and their client is a very important one. Clients trust their accountants with some of their most confidential information, and also look to their accountant for advice in the structuring and growth of their business finances.
As an accounting professional you want what’s best for your clients. But sometimes you see your clients struggling with their monthly books, finding it difficult to keep things in order. You want to refer your clients to a bookkeeper, but you have some concerns:

  • Will the bookkeeper really be providing a solid bookkeeping service – will they not only check data-entry, but also give expert service in the key areas of reconciliations, GST/BAS and all the payroll details
  • Will the bookkeeping service uphold the integrity and quality that you are already providing to them
  • Will the bookkeeping service respect and support the relationship you have with your client and work openly and collaboratively with you to give the best overall results
  • Will the bookkeeping service be reliable, easy and cost-effective for your client
  • Will the bookkeeping service be flexible and tailored to your client’s needs
  • Will the bookkeeping service work with a variety of accounting software options to give your client good options

 

What bookkeeping services are on offer

Exdia Bookkeeping Services has a full range of bookkeeping services that can be offered to your clients. These include:

 

Set Up

  • Selections and set up accounting software system
  • Set up/maintain Chart of Accounts
  • Full configuration of GST settings
  • Full configuration of payroll settings

 

Payroll

  • Manage payroll system set up
  • Manage payroll system users
  • Configure payroll system settings
  • Add and update employee set up
  • Calculate and remit employee superannuation
  • Record and review leave transaction (Annual Leave, Personal/Carers Leave, Long Service Leave, Other Leave)
  • Process regular pay runs
  • Issue payslips to employees
  • Calculate PAYG liabilities
  • Reconcile payroll transactions
  • Issue annual payments summaries to employees
  • Complete annual ATO payment summary return
  • Complete payroll journals for pay runs and accruals
  • Review and update salary sacrifice arrangements
  • Process timesheets
  • Process irregular / casual pay runs
  • Assist annual payroll review and budget
  • Attend to employee payroll enquiries

 

Accounts Payable

  • Enter supplier invoices into the system
  • Process creditor payments
  • Process direct payments into system
  • Process expense reimbursement claims
  • Process credit card expenses
  • Process petty cash transactions
  • Manage purchase orders

 

Accounts Receivable

  • Enter sales invoices into system
  • Process debtor payments
  • Follow up debt collection
  • Process other income

 

Reconciliations

  • Reconcile bank accounts
  • Reconcile credit card accounts
  • Review reconciliation reports
  • Follow up reconciliation discrepancies

 

Year End

  • Action system rollovers
  • Attend to year-end head office reports
  • Attend to year-end processing

 

Journals

  • Process period journals

 

Business Activity Statement (BAS)

  • Review the system GST set up
  • Check bank and credit card reconciliation reports
  • Review all the transactions done since last BAS
  • Prepare the BAS and submit for authorisation
  • Lodge BAS electronically with the ATO

 

Budget

  • Budget
  • Assist in information collation
  • Oversee review and approval process
  • Set up budget in system
  • Create customised budget variance report for Profit and Loss

 

Reports

  • Profit and Loss (month/YTD)
  • Budget (month/YTD)
  • Balance sheet (end of month)
  • Departmental (month/YTD)
  • Aged Receivables (end of month)
  • Aged Payables (end of month)
  • Cash Position (monthly)
  • Payroll (month/YTD)
  • Other Reports

 

Other Processing

  • Calculate data for annual Workers Compensation Insurance return
  • Assist to coordinate audit
  • Assist with ACNC lodgements
  • Prepare and lodge Taxable Payments Annual Report with the ATO
  • Other administration

 

Record Keeping

  • Maintain and backup relevant electronic records
  • Maintain filing of relevant paper records
  • Manage relevant batching and archiving

 

How to engage client bookkeeping services

Exdia Bookkeeping Services will work with you to get your client the bookkeeping services they need. We’ll chat with you and/or your client to understand the exact requirements, then give a written proposal with clear pricing. Your client can consider this, along with other options, and make an informed decision.

Make sure to check our bookkeeping services in Sydney!

Accounting Bookkeeping Sydney Cheap Bookkeeping Services for Accountants Australia

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