- Bank reconciliation
- Payroll processing and maintaining entitlements and employee records
- BAS (Business Activity Statement) preparation
- Preparation of Taxable payment annual reports (TPAR)
- Monthly management and accounting reports
- Checking financial records for accuracy and completeness
- Processing purchases, sales, receipts and payments
- Record keeping
- Accounts payable and receivable
- General ledger analysis and journal entries
Bookkeeping services keep track of the important details. Our fully qualified financial experts and accountants will maintain up-to-date records of your company expenditure and will closely monitor accounts receivable. You will obtain accurate, up-to-date reports for your records.
A bookkeeper is an integral part in the accounting process of any organisation. They are responsible for documenting accurate records of financial transactions and assisting in the production of financial statements for an organisation or accounting firms.
These bookkeeping tasks are particularly well-suited to being outsourced as they consist largely of repetitive, rules-based work. Sending these transactional accounting tasks to an offshore bookkeeper will free up your local accountants to perform more value-add, long-term revenue generation work such as nurturing client relationships.
Our Bookkeeping Service includes:
Advantages of AFGS Bookkeeping Services:
Bookkeepers lets you focus on your business and wellbeing
When it comes to business, there are many things you can effectively outsource but your passion and vision are your own. Handing over the reins of your accounts to a bookkeeper gives you more time to focus on the things that will grow your business. If you’re bogged down in reconciling records, there’s going to be less time for sales, marketing, strategy, purchasing and execution.
Bookkeepers prevent errors
As innocent as they may be, mistakes are costly. Not only could you be recording the wrong information but misreporting any income or expenses could land you a fine from the ATO and leave you paying more than you should. A bookkeeper essentially takes all your numbers, receipts, bills and invoices, and records them correctly into your accounting software. Once your books are up to date, that information is ready to be lodged to the ATO and will be sent to your accountant. The benefit of having a bookkeeper is that your books are up-to-date, organised and most importantly – accurate.
Bookkeepers keep your books up to date
One of the key factors in running a successful business is cash flow. Without visibility over your numbers and profit, you’re mostly guessing whether you can afford to take the next steps to grow your business. While an accountant gives you strategic advice and manages your tax returns, a bookkeeper plays a more hands-on role in keeping your cash flow under control. Financial transparency allows you to be proactive about growing your business and ultimately lets you plan and forecast without risky guesswork.
Bookkeepers are cost efficient and scalable
Depending on the size, scale and nature of your business, outsourcing your bookkeeping is usually more cost-effective than handling it in-house. An external bookkeeper is not distracted by the comings and goings of your business, their sole job is to manage your books and keep your records organised and compliant. Using online accounting software, a bookkeeper can remotely work on your accounts in real-time. As your business scales, your bookkeeper can work with you, taking on more or less as and when you need it.
To know more about our bookkeeping services, you can call us on +61 403 612 961. Our executives will guide you with answers.
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