We remove the hassle and stress of bookkeeping, enabling business owners to take control of their situation and make informed decisions.

Bookkeeping & Range of Services

Regular processing ranging from 2 days per week to a few hours per month

Aged Receivables
  • Data entry Debtor invoices
  • Data entry Debtor payments
  • Reconcile Aged Receivables
  • Chasing overdue invoices
Aged Payables
  • Data entry Creditor invoices
  • Pay bills
  • Data entry Creditor payments
  • Reconcile Aged Payables
Payroll
  • Process payroll
  • Pay staff
  • Liaise with Super Funds and lodging super returns
Bank account
  • Process bank fees and interest
  • Process DD
Liabilities
  • Payment/process PAYG/IAS/BAS
  • Payment/process Staff super
  • Payment/process loan/s
ATO
  • Liaising with the ATO re BAS' and IAS
  • Managing Payment Arrangements
Reconciliations
  • Bank
  • Credit Cards
  • PAYG
  • Staff super
  • GST control accounts
  • Loan accounts (including inter-company loan accounts)
Procedures and Manuals
  • Updating Client's Bookkeeping Manual
BAS/IAS
  • Lodging Monthly IAS & BAS
  • Lodging Quarterly BAS
End of Year
  • Reconciling all BAS' lodged for the year with the GST Control Accounts
  • Reconciling wages, PAYG & Super before preparing Payment Summaries
  • Providing accountant with data file and end of year reconciliations for Tax Return Preparation
Reporting
  • Monthly Profit and Loss and Balance Sheet
  • Quarterly Financial Reports and analysis
  • Quarterly Fitness Review (including graphs and charts)

Not sure what you need?

Arrange a free health check today.

FREE health check on your books!

Startup Businesses

If you are a startup business the process is straightforward:

  1. As Professional Partners with both MYOB and Xero we will recommend the most appropriate software for your needs and advise you of our discounted prices to buy the software.
  2. One of our specialists will install the software, customize the Chart of Accounts specific to your business needs, customise Sales Invoices and set up the Payroll if required.
  3. We will introduce The Pure Bookkeeping Systems for organising your paperwork ready for processing.
  4. Depending on your needs we will arrange to do the processing on-site at your office or off-site at ours at an agreed time.

Reporting

Making sure all the compliance requirements are fulfilled is good bookkeeping. What empowers our clients around their finances is providing them with meaningful reports.

We can provide the standard set of Profit and Loss reports from MYOB or Xero but if you need more information we can provide you with a variety of reports to suit your budget and your needs.

Quarterly Financial Reports

In this report, we make comparisons of this year to last year, this quarter to the same quarter last year and this month to last month. We include the COS and Expenses represented as a % of the Sales and the Balance Sheet.

A copy of this report also goes to your Accountant so that they can see in a snapshot, where your business is at and to give a more in-depth analysis of the story behind the figures.

We recommend this for micro to small business owners who don't want to grow their business beyond what they can manage themselves and at a cost of $95 per month it's affordable for this size business.

Quarterly Board Reports

Most Sole Traders or a small to medium sized businesses don't have a "Board" that they are required to report to each month. We encourage our clients to think and behave they are larger than they really are which has a flow-on effect of generating growth in their business.

On the other hand, some business owners keep a lot of the financial information in their head and manage to run their business successfully for many years. There usually comes a point though where the business has outgrown them and they need to share part of that load. The only way of doing this successfully is to have a set of reports that can be discussed with all the stakeholders in the business.

The Quarterly Board Reports includes:

The Fitness Review (Board Report) which examine five KPI's in the business:

  • Cash Flow
  • Sales
  • Gross Profit
  • Net Profit
  • Accounts Receivable and Accounts Payable Collection Rate
  • Current Ratio
  • The Quarterly Financial Reports
  • An analysis by a Specialist Bookkeeper

Monthly Strategic Board Reports

This set of reports is suitable for business owners needing to make strategic decisions month by month.

It includes:

  • KPI reports (customised for your business)
  • Budget analysis
  • Cash Flow Analysis
  • A session with a Specialist Bookkeeper to determine your specific KPI's

Rescue Jobs

What is a rescue?

It's not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it's BAS time AGAIN and you know you're going to have to spend the weekend getting it done.

Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.

Over time the problem becomes so big that:

  • It has taken over your office
  • It keeps you awake at night
  • You don't know where to start
  • You're fearful that the ATO will call
  • You have no idea how much tax or GST you owe
  • You are completely in the dark

It's what we call "The Bookkeeping Monster!"

What's the good news?

We can tame The Bookkeeping Monster because we have a team of highly skilled and dedicated bookkeepers who use The Pure Bookkeeping System to empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control.

Because every "rescue job" is as individual as you are we can't say exactly what we need to do to clean it up, get you up to date or how long it will take. During the initial consultation when we complete a "Health Check" (link to Health Check) we will explain to you what the problems are and what needs to happen to transform your data file into a source that provides you with reliable information.

Bookkeeping Issues

Essentially though we will do whatever it takes as quickly and efficiently as possible. Some of the issues we will address are:

  • Bank Accounts or Credit Cards that don't reconcile with the Statements
  • Old unpresented transactions in the Bank Account or Credit Card
  • Trade Debtors and Trade Creditors don't balance with the Balance Sheet
  • The Trade Debtors and Trade Creditors aren't "real" i.e. outstanding invoices and bills have already been paid but still showing as outstanding
  • Incorrect previously lodged BAS'
  • Payroll Categories that are incorrectly set up therefore giving you incorrect information in Payslips, AL & SL Accruals, incorrect Tax Tables, SGC Calculations and Payment Summaries
  • Unreliable Inventory figures

The implications of these issues are:

  • You may be paying the wrong GST, Tax and Superannuation
  • You may be subject to fines and interest
  • You may be making strategic business decisions based on unreliable figures with dire consequences
FREE health check on your books!