Bookkeeping & Payroll Services for Small Businesses

Starting a business is exciting but can also be challenging if you are not prepared or are overseas. This guide will take you through each step of starting your own company in Australia and help make sure that all aspects are taken care of before launching into this new adventure in Australia! 1. Make key decisions early on to avoid the hassles and headache later down the road Key decisions have an enormous impact on your business - these are the ones you want to make early, so they do not come back and bite you in the ass later. Some key questions include: What licenses do I need? How much tax am I going to owe if this goes through, anyway? And what paperwork did someone else tell me was necessary but turns out not be at all...? ·         Decide on a business structure - There are many different legal entities you can choose from to run your small businesses, but it is important that the one chosen suit both yourself and what needs doing. It is ...

If you are looking to migrate from QuickBooks, we can help! Here is what it entails: -The first step is reviewing your business data and making sure that everything lines up correctly in Xero. We make certain adjustments for any errors or discrepancies before migrating anything over so as not create more problems than necessary (e..g., double payments). We also verify whether there are unpaid invoices outstanding on credit cards since these will need address immediately upon completing this process if they exist at all--we do not want anyone getting left hanging. The conversion process is a fragile process. If you are not an experienced bookkeeper , it is easy can create a significant mess of your business accounts. It is best to use this opportunity to have an experienced professional support you during this time, so you get off on the right foot - and get trained in every part of Xero that is relevant to your business. QBO Preparation Checklist The cleaner your file – the s...

  It's no secret that starting a business is tough. Bookkeeping can be one of the most time-consuming tasks for entrepreneurs because it must be done on top of all other responsibilities. Bookkeepers are often very expensive and don't come with many benefits, such as payroll and super cost. This blog will give you five reasons why every startup should hire a great virtual bookkeeper to help them manage their finances! Here are our top 6 reasons why each startup needs a good bookkeeper.   Reason # 1 Bookkeepers are Easier to Hire One of the first things a startup should do when starting their business is set up an accounting system. Bookkeeping can take quite a bit of training before you get it right and make sure that your numbers are accurate. Bookkeepers have experience with distinct types of bookkeeping software, tallying accounts receivable and payroll systems. They are also aware of the compliances and best accounting practices. This makes it easier to hire a good...

Bookkeeping involves recording each transaction for a business while accounting is more about looking at all those transactions to find trends that can be used to help a company. More specifically, bookkeeping is done with paper records, while accounting requires software programs. Bookkeepers record each transaction in a company’s financial . Accounting is more subjective, giving you insights into your business’s financial health based on bookkeeping information. Accounting and bookkeeping are two related fields with some differences in functionalities. Understanding these differences is important because the roles of accountants and bookkeepers differ based on their respective skill sets, expertise, knowledge base or background experiences (e.g., accounting vs finance). In this guide, we will explain the functional differences between accounting and bookkeeping. We will also discuss the distinct roles of a bookkeeper versus an accountant. The function of bookkeeping The role ...

Running a business can be difficult, and you might find yourself in need of an extra set of hands to help take the load off. Hiring a bookkeeper can be one way to do this! Here are five great reasons why you should hire a bookkeeper: 1.       Bookkeepers add value to your business: Most people who start a business have never been to “business owner school”. Hiring a bookkeeper can be a good way to help you make sure you’ve got your business basics covered. Eg. What you need to do for compliance. 2.       Bookkeepers ensure compliance: Hiring a bookkeeper can help you keep track of your business’s compliance with government laws. They might even be able to save you money on your taxes by finding deductions that you wouldn’t have thought about! 3.       Bookkeepers provide peace of mind: Hiring a bookkeeper reduces the amount of time and effort. You are always sure that you are complying with all the necessar...