SMALL BUSINESS BOOKEEPING EXPERTS
Get back to running your business and leave the bookkeeping and admin to us.
(we are really good at it)
Business Owners!
Hands up if you… started your business because you are an expert in your field or have a passion for what you do?
I bet you didn’t get into business because you love admin and bookkeeping…. But how much time do you actually spend on those tasks? I am guessing a lot more than you anticipated.
Small business owners need to be a jack of all trades, as it is usually you, or you and a small team. Because you try to wear many hats, two things usually end up happening…
1. Things not being done to the level they should be
and/or
2. You burn out!
So, I want you to get back to doing what it is that made you want to start the business in the first place and outsource the other tasks that you either are not very good at or you hate doing.
Hi There 🙂
If you have landed on this page it’s likely you are considering outsourcing some or all of your bookkeeping and you are trying to figure out if I have what it takes to help you?
Let me answer some of your questions.
I have been bookkeeping for just over 21 years. I have worked for tiny start-ups through to an “Australian Superbrand” and everything in between, ranging in industries from:
- Trade (both B2B and B2C)
- Software Development
- Real Estate (both in a Franchisor and Franchisee capacity)
- Hospitality (Multi-Site)
- Retail
- E-Commerce
This diverse list has given me not only vast experience but also insights into all the different ways a business can be run. I know what works, what doesn’t, the challenges and traps to avoid.
I have taken all that knowledge and experience and created my own small business that helps struggling business owners, like you, outsource their bookkeeping and admin tasks, so they can get back to running and growing their business.
The best way to find out if I am the bookkeeper for you, is to jump on a call with me, so we can have a chat about what you need and how my team and I can help?
WORDS TO BE PROVIDED. WORDS ABOUT TEAM AND PROCESSES
FACT: Having accurate and up-to-date financial data is essential to the success of your business. To effectively grow your business, you have to know and understand your numbers.
FACT: Bookkeeping is not something that you need to do yourself. My team and I can do it faster and more accurately than you can, so you can work on activities that generate income and creates business growth. Or….. Give you back some much-needed work/ life balance.
FACT: Our bookkeeping services are highly individualised to the specific needs of your business. We are here to support you, however that looks. So we can do as much or as little as you need.
Here’s a quick rundown of what we can do for you:
- Data Entry & Bank Reconciliations – boring for you, but a piece of cake for us.
- Payroll – process the pay runs, superannuation lodgements, Single Touch Payroll filing.
- Accounts Payable – enter and reconcile supplier bills and arrange payment.
- Accounts Receivable – raise invoices, quoting, receipting payments and debt collection.
- Reporting – start getting regular, accurate reports.
- Business Activity Statements – reconcile, prepare and lodge your BAS & IAS.
- Other Statutory Requirements – such as Workers Compensation Reporting, TPAR, Payroll Tax etc.
- Introduce Efficiencies – improve your cashflow, re-structure.
I want ACTIONABLE business advice that small business owners ACTUALLY NEED TO KNOW
Here are the top 5 reasons you should work with us:
1. You don’t know your numbers.
- My clients have told me that after I explained their financials to them in a way that actually makes sense (no accounting lingo or confusing jargon) they felt a sense of relief and could actually start to plan for and grow their business.
2. You are always busy and revenue is good, but cash flow is a constant stress.
- Busy does not mean profitable. Let’s work out why cash flow is tight, and get it sorted. There are lots of strategies and tools we can use to make it work for you.
3. There are not enough hours in the day.
- You can’t be everything to everyone. Let’s work out what you’re good at and what has the biggest $$ return on your time, and outsource the rest. My job is to take the admin and bookkeeping pressure off your shoulders and move you from overwhelmed to organised.
4. You’re overwhelmed with technology,
- That’s ok, technology is my thing.
5. You have overdue ATO lodgements and/or payments.
- This one is an easy fix, lets get you up to date, all your outstanding lodgements sorted, arrange a payment plan if necessary and keep the ATO off your case.
Frequently Asked Questions
I am a registered BAS Agent, so I can lodge your Business Activity Statements, Instalment Activity Statements and TPAR.
Definitely. Many of my existing clients have come to me with a mess I need to tidy up initially. Cleaning up a mess (no matter how bad you think it is) is my favourite. It’s like a big puzzle I need to solve, I get a lot of satisfaction out of getting everything all tidied up. I will get you back on track, fully reconciled and with up to date lodgements in next to no time.
I can do as much or as little as you like. I am there to support you, whatever that looks like. I have clients ranging from full service (I do everything) to only Quarterly BAS lodgements, to just being available to troubleshoot issues when they get stuck, and everything in between.
Great question and one I see many people unsure about.
Your bookkeeper and accountant work closely together but have two different functions.
Your bookkeeper will look after the day to day activities such as:
- Record income and expense transactions.
- Bank reconciliations.
- Reconciliation of clearing and liability accounts.
- Payroll including withholding tax and superannuation.
- Provide BAS services (if registered as a BAS agent) and Instalment Activity Statements (IAS).
- Superannuation Lodgements.
- GST calculations and Lodgement.
- Cashflow and debtor management (debt collection).
- Preparation of financial statements.
- Xero/MYOB software troubleshooting.
An accountant is typically engaged on an annual basis both before and at financial year end.
Your accountant will:
- Prepare company and personal tax returns.
- Offer tax planning services.
- Financial forecasting and risk analysis.
- Provide tax advice.
BAS agents are bookkeepers who are authorised by the Tax Practitioners Board to lodge Business Activity Statements (BAS), Installment Activity Statements (IAS) and Taxable payments Annual Reports (TPAR), but are not authorised to provide services relating to Income Tax. For that you will need your accountant or a registered tax agent who can offer financial services relating to income tax.
A bookkeeper will charge less than an accountant, so it’s worth utilizing the help of a bookkeeper for your day to day activities. Your accountant can then be brought in annually for tax planning (if required) and to lodge the company tax return.
I work with a variety of accountants for my clients. Having an accountant you like and trust is a big deal. My job is to make your life easier so I will work with your accountant to ensure your books are up to date and ready to be handed over.
That being said, if you are in need of a new accountant I have a handful that I recommend and would be happy to make an introduction. (I recommend them because they do great work and don’t charge like a wounded bull, I do not get, nor would I accept any enticement to make any recommendations.)
I can offer a customised package for you based on your bookkeeping needs, or operate on an hourly rate basis.
Some clients like to know in advance the cost and outcomes each month, whereas some like the flexibility of operating on the fly.
I am a certified advisor for both Xero and MYOB.
Absolutely. I have done so many of these transitions I have lost count. Lets jump on a call and I can answer all your questions.
Yes, I am fully accredited with the Tax Practitioners Board – Reg Number 26181340
My usual process is to initially have a quick call with you, to get an idea of what I can help you with / what your concerns are.
From here I need to have a look at your Xero or MYOB file. This gives me an indication of where things are up to and how things are currently done.
After I have had a look at your file, I can jump on another call or schedule a coffee if you’re in Brisbane, to discuss areas of improvement, and how I can help moving forward. This would also include a detailed breakdown of the initial work required (if any) and our ongoing fee/time estimate.
I am based in Brisbane, but I look after my clients Australia wide. I have clients all over Australia. From rural Victoria to Canberra, Perth, Sydney, Melbourne, and all over Queensland. Given so many things are virtual now, looking after clients in another state is just as easy as if they are next door.
To invite us into your Xero file, go to Settings > Users > Invite A User. Please invite Kate O’Mara (kate@bizangels.com.au) as a Business Advisor with Payroll Admin access. Then shoot me an email with your contact details and a quick rundown of your requirements. I will review do the review and come back to you with my recommendations.