Bookkeeping Bas payroll Gold Coast. Bookkeeper MYOB, Quickbooks or Xero. BAS Agent. Bookkeeping & Advisory Services

We look after all of your data entry and reporting needs. We will ensure all invoices, receivable and payables, are recorded correctly and accounted for. We will complete all Reconciliations of bank accounts, credit cards, loan accounts, accounts receivable and payables.

Accounts receivable services

We code and receipt all monies received in a timely manner. This will ensure reporting is accurate when following up payments or adding late fees.

Accounts payable services

We enter, code and balance invoices from suppliers. We can also arrange payments are on time to ensure you keep good working relationships.

Bank account reconciliation

Reconciliation of your accounts is an important task. This helps ensure that all your paid suppliers are marked off as paid at the correct time of payment. It also ensures that your client’s payments are marked off as paid and therefore are not unnecessarily chased for payment. This will also show any unauthorised transactions and allow us to see and rectify any discrepancies.

Invoicing Processing Services

Advantages of Outsourcing Invoice processing: Consolidation of print, mail, and electronic deliveries from one source; Minimize delinquencies and bad debt; Increase cash flow; Accurate handling of data; Confidentiality of data to ensure better security; Services provided within a quick turnaround time; Outsource accounts receivable services will allow you to gain time to concentrate on your core competencies. Our services increase your control on every account, by ensuring that outstanding invoices are followed-up and extensive reporting takes place.

General ledger maintenance

The general ledger is the main accounting record of the company. General ledger reconciliation is the process of ensuring that accounts contained in the general ledger are correct. In short, reconciliation makes sure you place the appropriate credit and debit in the associated accounts.

Preparing accounts receivable reports

The Sales – Item Summary report displays the total quantity and dollar sales, summarised by customer, for selected items within a date range. Analyse Sales Item Report displays dollar sales, cost of sales, gross profit, units, average cost and percent margin for selected items within the selected period range, based on recorded invoices, omitting quotes and orders. Analyse Sales for Customer report displays dollar sales and percent of total sales for selected customers within the period range, based on recorded invoices, not including quotes and orders.

Preparing accounts payable reports

Accounts Payable aging reports are not the only reports available although they are the most commonly used. There are other reports available that are useful tools as well. If you use inventory there is the Item Summary Report which displays the total quantity and dollar sales, summaries by supplier for selected items within a date range. The Analyse Purchase (Supplier) report displays dollar purchases and percent of total purchases for selected suppliers within the period range, based on recorded bills, not orders or quotes. The supplier ledger displays all transactions including bills, payments and debits for selected suppliers within a date range.

Preparing ageing reports & summaries

Accounts payable reporting makes it possible for a business owner to track credit expenditures and verify bill payments. Accurate Accounts Payable records and an efficient process for producing and reviewing them create a base for timely, correct reports that ensure suppliers are paid on time. The accounts payable aging report categorizes payables to suppliers based on time buckets. The report is set up with 30-day time buckets, so that each successive column in the report lists supplier invoices that are 30 days old, 31-60 days old, 61-90 days old and older than 90 days old.
The intent of the report is to give the user a visual aid in determining which invoices are coming up for payment and invoices that are overdue for payment (based on invoices on a 30 day account).

Accounts Receivable aging report is to show business owners which receivables are overdue and which customers or accounts need immediate attention or require collection. Accounts Receivable Summary divides the report in 30-day time buckets so that each successive column in the report lists customers invoices that are 30 days old, 31-60 days old, 61-90 days old and older than 90 days old.
It summarises what each customer owes. An Accounts Receivable Aging Detail report divides the report into those same time periods, but it displays every corresponding invoice for every customer, its original due date, amount, and open balance.

Preparing financial statements

We regularly provide reports that show the state of your accounts. This will ensure you are still in control of your financial situation. The most of common reports are the aging reports of your accounts payable and receivable. We are able to prepare Profit and Loss reports and Balance Sheet reports which will show you an overall position view of your business. These reports will allow you to make the decisions on where you need to focus on to grow .

Preparing income statements (P & L)

An income statement provides valuable insights into various aspects of a business. It includes a company’s operations, the efficiency of its management, the possible leaky areas that may be eroding profits, and whether the company is performing in line with industry peers. This report is one of a company's core financial statements that shows their profit and loss. A Profit and Loss Statement (P&L) is a financial report that provides a summary of a company's revenues, expenses, and profits/losses over a period of time over a period of time.

Balance sheet services

The balance sheet provides a snapshot of a company's accounts at a given point in time. The balance sheet, along with the income and cash flow statement, is an important tool for owners as it is used to gain insight into a company and its financial operations. In short, the purpose of the balance sheet is basically to reveal the financial status of an organization, but users may focus on different information within the statement, depending on their own needs. Balance sheet reconciliations are simply a comparison of the amounts that appear on your balance sheet general ledger accounts to the details that make up those balances, while ensuring that any differences between the two are adequately explained and reasonable.

Though the main purpose of an income statement is to convey details of profitability and business activities of the company to the stakeholders. Such statements are also prepared more frequently at the department levels to gain deeper insights by the company management for checking the progress of various operations throughout the year, though such interim reports may remain internal to the company.

Based on income statements, management can make decisions like expanding the company, pushing sales, increasing production capacity, shutting down a department or product line. Competitors may also use them to gain insights about the success parameters of a company and focus areas as increasing R&D spends.

Cash flow statement

A cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. Statement of cash flows includes cash flows from operating, financing and investing activities. Operating activities include the production, sales, and delivery of the company's product as well as collecting payments from its customers.

Accounting setup services

When starting a new business it can be a difficult decision when choosing what software is right for your business. We are able to sit down with you and discuss the options which are best suited to your business. Once this decision is made we are able to then set up the online accounting software while you work on all the other important steps to starting your business. We also have experience in Add On apps or online programs that work with your accounting system. These can be inventory, Point of Sale and payroll programs.