Bookkeeping services are designed for the smaller enterprise with a turnover up to $2 million.
In general, the bookkeeping services will support what is generally known as the “Mum and Dad” and individually run style of business
The key requirements are understanding ATO compliance, management of cash flow, ensure the understanding of customers paying on time, meeting timely payment of supplier invoices, staff superannuation and helping with communication between the business owners and their tax accountant. Upon engagement, a thorough review of current systems will be conducted and plans for appropriate courses of action will be drawn up.
Recommendations will be based on agreement and proper attention to detail of the what the business needs according to the business owners and appropriate and thoughtful discussion on options on how to proceed. Help with aged debtors, aged creditors, cash flow, staff management and compliance will be the key cornerstone objectives for provision of bookkeeping service. Regular reporting and consultation on the progress of the bookkeeping services program is an integral part of the process.
Trust and confidence in the process to achieve the desired results of the program is a critical outcome that will be a key measure of success
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