+ What is bookkeeping?

Bookkeeping with BAS services is like having a personal financial assistant for your business. BAS stands for Business Activity Statement, a report you must submit to the government about your business's taxes. Bookkeeping involves recording all your business transactions, like income and expenses, in an organized way.

BAS services take it further by helping you calculate and fill out the necessary tax forms. It's like having someone help you keep track of your money and ensure you're meeting your tax obligations properly, so you can focus on running your business smoothly without worrying about the tax paperwork.

+ Who should have a bookkeeper?

If you have money coming in and going out, a bookkeeper can be a big help! So, if you run a small business, work for yourself, or have different income sources, a bookkeeper is a good idea. We'll keep track of all your money stuff, like sales, expenses, and taxes. It makes things easier for you and gives you a clearer picture of your finances. Plus, you won't have to worry about all the confusing financial paperwork – We will take care of it for you, so you can focus on what you do best!

Every business needs a bookkeeper to keep its finances in order. If you're registered for GST or PAYG, a BAS Agent can be a valuable addition to handle tax-related matters. We offer a free consultation to determine your specific needs and guide you through the process smoothly.

+ Which accounting or bookkeeping software should I use?

Picking the right accounting software for your business can save you time and money. We have experience with various programs like Xero, MYOB, Reckon, and QuickBooks, among others. Our expertise allows us to suggest the best add-ons to boost efficiency and keep you compliant. Let us help you streamline your finances and make your business thrive!

+ What is the difference between a BAS Agent, a bookkeeper and an accountant?

A bookkeeper is like a financial organizer who keeps track of your daily money transactions, like sales and expenses. They make sure your records are neat and organized.

A BAS Agent specialises in tax matters, especially regarding GST and PAYG. They handle your tax reporting and ensure you properly meet all the tax requirements. A registered BAS Agent is required and able to lodge Activity Statements, process payroll, process superannuation, interpret GST and many other functions.

An accountant is like a financial advisor who looks at the bigger picture of your business finances. They analyze your financial data, provide insights, and help with tax planning and financial strategies.

In short, the bookkeeper keeps your records tidy, the BAS Agent handles taxes, and the accountant gives you valuable financial advice. Together, they make sure your business is in good financial shape!