Yes! Business is a relationship and it takes time to get to know the workings of every business we support. For that reason, we assign an accountant to your business that will work with you long term.
We also train others up in the background on your accounts - so that we can manage our team as they take leave, or deal with those things that go with being human. Our focus is on providing a reliable consistent bookkeeping service for your business.
From Bookkeeper to VCFO
Experience a world class accounts team that can scale with your business.
Access a world-class team, but only pay for what you need, when you need it.
Bookkeeping and accounting for startups and fast growing SMEs differs from traditional bookkeeping and accounting in so many ways. Firstly, there’s the cloud. We don’t just talk about being in the cloud – we actually are. And we combine its convenience with the latest time-saving technology to streamline your bookkeeping, 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 space computer in a clients back office. All these little things add up to a big time saving for everyone!
Bookkeeping
Our bookkeeping services are designed to give business owners peace of mind and a clear picture of financial performance. There are a number of ways that we can support you:
- Full Service Bookkeeping Packages
- Reviews and Compliance for cost-conscious start-ups
- Clean Up & Catch Up Projects
Our team are Certified Advisors in Xero, QBO and various industry specific accounting software packages.
Payroll
Navigating the rules around payroll legislation, Award Wages and compliance is complex, and the business implications if you make an error can be devastating.
Our team of experienced payroll specialists are trained in the latest technology, and can make it simple for you.
Employee Portals, Rostering, Award Rates, Easy Superannuation payments, all built into the payroll software is all part of the service that we can provide.
Virtual CFO
As your company grows, you’re likely to need more help managing your finances.
But you don’t just need a finance manager. You need a financial adviser who yes, can manage your finances, but who also has extensive experience in all aspects faced by startups and fast growing SMEs.
Not sure where to start?
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 over the past 10 years we have refined a process that requires minimal effort on your part but ensures you get numbers that you can trust.
What's included in a Bookkeeping Service?
Our bookkeeping engagements are on a fixed monthly retainer. We’ve worked hard to set fair rates that scale as you grow. They reflect the work we do for you – nothing more, nothing less. All of our monthly bookkeeping packages include:
- Allocating your bank transactions on a daily basis
- Touching base with you once a week with an update on your accounts
- Calculation and lodgement of your BAS, via the BAS Agent Portal
- Monthly Management reports on your business performance
- A Receipt Bank subscription.
FAQ's
We keep things simple. We work with you until either of us decides it's time to end (we ask for 30 days notice to give us time to complete any outstanding work)
As things change in the business, we update our agreements to align our work with what the business needs. It keeps us focused on providing you with outstanding customer service at all times, and gives us flexibility to change with you
Cash bookkeeping only looks at when money enters or leaves a bank account. Accrual bookkeeping is a more sophisticated approach that records when the money was earned or owed. Most larger companies use accrual and iKeep does accrual from day one so there’s no painful transition later.
By taking the Accrual approach, we are still able to generate Cash reports if required.
By fixing fees, we give you certainty in your cashflow. It also means our focus is always on working as effectively with you as possible, and we can get stuff done.
If things in the business change, we’ll organise a chat to review our agreement and fix it again at a fair fee.
By reviewing your accounts on Xero and having a good chat with you to understand your business goals, and how best to support you. We have experience across many different industries, and businesses from sole traders to multi-national organisations and franchise groups. We bring that experience to guide you on how it could work, and apply best practices.
Once we're clear on the scope of work, that's when we put an agreement in place that describes what we will do for you, and what we ask of you to be able to deliver that for you
We'll never ask you for your bank details.
... but don't worry, it's still an efficient process. We will provide you with a .aba file that you can upload into your internet banking to pay all your team members in one go. So whether you have one employee or 100, it will take you about 2 minutes to authorise the payment in your online banking platform.
We typically reconcile your accounts twice a week, depending on how many transactions are going in.
If you want us to do your bookkeeping more often, we can. For larger businesses with complex requirements, we’re often in the accounts daily.
Yes. Many of our clients have a national presence and are above the Payroll Tax threshhold. Completing monthly payroll tax lodgements forms a standard part of our engagement for these clients.
Let's talk further...
Interested in having a conversation about outsourcing your bookkeeping?
