Keeping Tabs

Accounts receivable / Debtors

• Processing of outgoing invoices
• Setup and maintenance of customer card file
• Ensuring a positive cash flow
• Banking and credit card reconciliations
• Managing cash flow to ensure payment of creditors, payroll, and direct debits
• Reconciliation of sales data to daily banking (EFTPOS and cash)
• Processing of end of period reconciliations and adjustments
• Management reporting, including payroll, Profit and Loss, Balance Sheet
• Analysis of actual v’s budget data and reporting
• Franchisor reporting (if required)

BAS and PAYG Returns

• Calculated and processed online, through the BAS Agent portal
• Payments of BAS debts and management of refunds
• Setup and maintenance of new employee data
• Management of various online payroll systems for processing of timesheets
• Transfer of monies to staff and payslip distribution
• Lodgement of STP (Single Touch Payroll)
• Ensuring compliance (PAYG, award rate increases, superannuation increases etc)
• Determine PAYG and Payroll Tax requirements
• Manage staff entitlement balances to ensure compliance and accuracy
• Manage the payment of allowances and salary sacrificing arrangements
• Manage workers compensation administration and payment of wages
• End of year payroll functions
• Super streaming as per relevant legislation

In addition to these functions, we can directly provide your tax accountant with your accounting file at year end which has been reconciled and prepared for taxation, as well as providing the supporting documentation.

We can also assist with fixed asset management, applying for finance, setting budgets, checking pricing on supplier invoices and providing reports for decision making purposes. During Covid we have been providing various levels of support to our clients including grant applications and cash flow boost allocations, along with JobKeeper eligibility calculations, enrolments, tops ups and monthly declarations. We are always happy to look at any other requirements you may have that are outside the scope listed above.