FAQs
What does a bookkeeper actually do?
In a nutshell: Wear a lot of hats! Each business has certain deadlines and requirements and every business owner has different capabilities, but the concept is the same. We reconcile the bank account and ensure every transaction is picked up so we don’t miss any GST credits. We enter invoices if required and process accounts payable weekly and/or monthly. We debt collect. We create receipts for payments from our clients and raise monthly statements for their customers. The one thing I do prefer my clients to do themselves, is raise their own invoices to their customers. As bookkeepers are not involved in the day-to-day running of the business, it’s much faster and more accurate for business owners to manage this part so I can focus on the book-balancing. But don’t worry! I provide very comprehensive training to ensure this is as easy as possible.
How does it work?
Initially we require access to your software, to ensure opening balances and the set up has been done correctly. We gather bank statements and then start working month by month, raising questions along the way until we are familiar with your file, regular transactions and requirements. Then, we pick a date of the month and the monthly bookkeeping would be done on that date. And voila! Management reports will be sent via email to signify it has been completed.
What documents will you need from me?
From time-to-time we will request bank statements and other adhoc documents but generally the bank feeds run through all the cloud-based software programs. So, once you’re up-and-running there is very minimal admin required on your end.
How much does it cost?
Our rates for one-off bookkeeping start at $80 p/h + GST but vary depending on what services are required. For a comprehensive list of our fees, check out our services page below.
What software do you use?
We currently use MYOB AccountRight Plus, MYOB AccountRight Live, Xero, Reckon and Intuit. We’re partnered with all the programs listed but aren’t limited to using them exclusively. We take it upon ourselves to learn something we don’t know, in our own time and at our own cost.
How long does it take?
The time required will vary, depending on what services you require and how much reconciling our team needs to complete. Once the initial book balancing is finalised – the most time-consuming part is over and you’ll have the option to join our monthly bookkeeping cycle to ensure things are kept up-to-speed.
We’ll help you continue to meet all your ATO, superannuation, company tax, IAS and BAS deadlines and avoid the steep fines and interest penalties that accrue daily.
Schedule an appointment
and let me make your life easier.
