Bookkeeping & Payroll Services for Small Businesses

  It's no secret that the back office is often a business owner's least favourite place to be. The tasks involved in bookkeeping and accounting have been largely unchanged for decades, and it can take hours of time each day just to keep up with the most basic records- let alone find any insights into your financial performance. But now there are many solutions available that will automate these outdated tasks so you can focus on what really matters: running your business! In this post we'll explore how modern bookkeeping software has changed the way businesses operate by automating some of their processes, freeing them up from tedious data entry work and enabling access to more accurate insights than ever before. The Impact of Modern bookkeeping- Automating the back office Businesses can now automate many parts of their accounting workflow with new software technology, freeing up time to focus on more important tasks. Without having to do data entry and other manual wor...

The journey to a Xero Platinum Partner is not a journey to be taken lightly. To put it in perspective, it's a journey that many Accounting and Bookkeeping firms aspire to, but few actually make it. As of writing this, there are only 6 bookkeeping businesses in Australia that have achieved this coveted status, and iKeep achieved this in less than 2 years. The criteria that Xero Partners are assessed on takes into account: 1.       How many Xero Certified Advisors we have in our business, and 2.       How many clients we are working on. This means that we need to have a balance between our internal training whilst maintaining and outward focus and delivering what our clients want. As a small business owner, one of the most important decisions you can make is hiring the right bookkeeper. As well as being experienced, your bookkeeper needs to be highly personable and easy for you to relate to. When I thought through, “What do we ...

  At iKeep, making the decision to shift our entire bookkeeping services and client base to cloud based accounting was monumental for many reasons. We knew it was going to make a hugely positive impact on our productivity, operational costs and the way we worked as a company. Best of all? The cloud approach meant we were servicing our clients faster, better, stronger. Relationships strengthened as our clients and us became streamlined in our processes and practices. It was a win win. Eventually. But it did take work to convince ourselves and then our clients that this was the way of the future. If you’re still weighing up your options around leaving desktop accounting behind for the efficiency of cloud accounting, here are three steps you can take to get you started on your own cloud based accounting journey. 1. Research As a company, we are always looking to stay up-to-date on what is changing in the market. For the industry we are in, that change is cloud accounting. S...

  The following items are all parts of the bookkeeping process that we can assist in streamlining. 1. Happy Employees Online timesheets. Any timesheets can be entered directly into Xero ·         All payroll information is in one central location ·         Employees can access their past timesheets for reference ·         Employees take responsibility for entering their own time ·         Approvals are managed by you, ensuring control over your payroll ·         No more manual spreadsheet timesheets and automating it all by using Xero Timesheets. Online leave applications. All leave applications can be entered online through Xero; ·         All payroll information is on central location ·         No more paper forms · ...