Outsourced Bookkeeping

Outsourced Bookkeeping

We do all of our bookkeeping through the cloud. We aren’t just using it. We are a part of it. This means that you can see your business financials in real-time, from anywhere, with no hidden figures. You get full transparency at every stage, from bookkeeping to payroll and reporting.

This creates huge efficiencies in the processing. Our team are able to up date your financial records on a daily basis, and there is no time lost to travel, slow internet, using the spare (old) computer in a clients back office. All these little things add up to a big time saving for everyone!

How does it work?

We understand what it’s like running a small business. Constantly busy, and never enough hours in the day to get everything done. That’s why we have created a process that requires minimal effort on your part but ensures you get numbers that you can trust.

Recording Purchases

We provide all of our clients with a Receipt Bank subscription with unlimited users. This allows you to snap photo’s of receipts whilst you are on the go, or forward to us invoices as you receive them from suppliers. This means that for every cent that leaves your bank account, we have the supporting document attached to it in your Xero file.

Allocating Bank Transactions

Every day of the week, one of our Xero Certified Bookkeepers will be logging into your Xero Accounting file and allocating the transactions as they appear via the bank feed. If there are any transactions they need your help in identifying or coding, then they are saved up and communicated to you when we touch base each week.

Processing Payroll

Our team of Payroll experts can help you manage your team and your legal obligations, so you can focus on your business. For businesses with less than 10 employees, we generally base our payroll serivce off Xero Payroll; for larger businesses we generally roll out Keypay, which is the best in the business for full-service payroll with Time & Attendance and rostering functionality.

Monthly Reports

It’s our believe that monthly reports should be clear and tailored to your business. For the small businesses that we work with, we will generally use the Reporting Pack that comes straight from your Xero file. For businesses that are a bit more complex, or require the consolidation of several entities, our preference is FathomHQ.

for more information on how much does it cost to outsource payroll or how to outsource bookkeeping work please check out our iKeep blog.

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