Bookkeeping & Payroll Services for Small Businesses

  Hiring a bookkeeper for your business is a clever idea if you are just starting out. A good bookkeeper will be able to guide you on the basic responsibilities of being a business owner. As well as saving you the trouble of trying to sort through invoices and receipts, they can guide you through the basic compliance requirement like lodgement with the tax office or how to pay employees. A good bookkeeper enjoys keeping your records in order and will inform you of your obligations as a business owner. There are several ways to hire a bookkeeper. You can either hire a permanent employee or a temporary, part-time one. A temporary bookkeeper might be more affordable, especially if you are just starting out. However, if you take on a bookkeeper as an employee of your business you are responsible for the quality of their work, which hardly sounds fair. For small businesses, it is best to engage a professional bookkeeping firm. A bookkeeping firm will have solid industry experience t...

  We are very open with how we deliver our service, which is a combination of local team and off-shore team members. And we have very clear reasons why we think this is the perfect combination on delivering timely and accurate financials, at an effective price with the best customer experience. There are plenty of passionate views as to why people think it’s either a great idea, or a terrible process. We’ve been working with offshore team members for over 10 years and think that it’s wonderful! … once you’ve got your processes nailed. In this blog post, we will draw from our experience and talk through some of the myths and compare them to our reality. Offshoring is unsafe  – This is a common myth that has been spread around by those who do not understand the concept of offshoring. By outsourcing to an offshore company, you can be assured that your data and information will be safe from hackers as it isn’t stored in one place. Technologically savvy bu...

  When you are running a fast growing business, you need to be able to trust the numbers you are using to make decisions. If you are looking to outsource your financials, you have 2 options: a bookkeeper or a BAS agent. Very few people understand the difference between a bookkeeper and a BAS Agent, so we will address their differences and similarities and how it will impact your business. Bookkeeper A bookkeepers role is generally bound to data entry. You’re likely to have used a bookkeeper for your business needs already if your transaction volume is growing. A bookkeeper is generally self taught in programs like MYOB or Xero, and has generally migrated to this role from a generic business administration role. Some diligent bookkeepers have done some formal training, like a Certificate IV to understand the basics of accounting, but there is no regulation or requirement for training when calling yourself a bookkeeper in Australia. BAS Agents A Registered BAS Agent is a prof...

  Over the last few decades, the role of the CFO has undergone a profound shift. The historical tasks of the finance function such as books and records, financial reporting, and statutory compliance continue to be important but are now taken for granted by CEOs. The CFO of today and tomorrow must be able to take financial data and use it to influence operational decision making and strategy. To do this effectively, a modern CFO will need to have a good grasp on available technology. Leadership To be an effective business partner, today’s CFO must have the necessary leadership and communication skills. They must give advice and counsel as well as provide a voice of reason. Operations They should possess a strong understanding of the company’s business model and industry and be able to use this knowledge to provide an independent perspective and to constructively challenge the commercial and operations teams, ensuring that business decisions are grounded in solid financial cr...

  The last thing you want to have to deal with on that scorcher 35 + degree day in the kitchen is complaints from a supplier that you haven’t paid their invoice on time. Are you spending more time on your expenses than your entrees? If you haven’t yet modernised your systems, it’s time to start managing your bookkeeping in the cloud! Here at iKeep we are experts in both Intuit QuickBooks and Xero which are great accounting software’s that will be a part of your recipe for success! Your Recipe for Success Do your prep: Save time and increase productivity to the cloud Moving your business systems to the cloud will save you time and increase productivity. We’re all guilty of seeking reviews before trying something new. There are a host of reasons why this will save you time, and make it easier to run your business. All of the solutions we put forward to our clients are all cloud-based, meaning that you can access them from your laptop and even your smart phone. You have ...