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In a tight economy you need to ensure that you have a handle on what money you owe and to whom, and what money is owed to you and by whom.

As a small business owner in Ormeau, Yatala, Coomera, Eagleby and Beenleigh you need to ensure that you have a handle on your cashflow. If you do not have a bookkeeper, or book-keeping system in place then contact us here for details

If you do not use an accounting software package such as Quickbooks or MYOB, if you do not use a bookkeeper, or have a bookeeping system in place then you could be heading for disaster. Unlike Kevin Rudd’s government, most likely you do not have an unlimited supply of cash,
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12/01/009The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

With Christmas out of the way, and many small businesses returning to work, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2008) to get your BAS lodged on time. Contact us here for details

Maybe the Australian Taxation Office (ATO) does have a heart, after all. Rather than asking for lodgements on 28 January, they automatically give everyone an extension to the BAS lodgements to 28 February.

However, don’t be fooled by their grace, because there is NO WAY that they’ll consider granting an extension after that date. So you need to ensure that you have your Business Activity Statement lodged by 28 February 2009

If you are struggling and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now

Our bookkeeping Service has clients in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh, Gold Coast, Australia. Contact us here for details

An increasing number of smart business owners understand the benefits of outsourcing a bookkeeper.

You can hire a bookkeeper starting at about $20.00 an hour in suburbs around Yatala, Ormeau, Beenleigh, Pimpama, Eagleby, Mt Warren Park, Windero and Waterford, in South East Queensland. However, you get what you pay for. Many businesses don’t want to hire someone full-time, but most people want a full-time job. So, possibly the most desirable people with the skills you are looking for are not wanting something part-time.

Outsourcing your bookkeeping works very well. Bookkeepers are required to do different things for different clients. For some its just data entry, like keying in data from check stubs, to bank recs. Others may need a bookkeeper to do payroll taxes, etc. Many accountants employ bookkeepers at around $25.00 and charge their clients $150 per hour for their services depending on what is required. Read more… »

It’s BAS season again, and the phone’s running red-hot.

It’s not unusual for a small business owner to contact us from the areas around Ormeau, Yatala, Coomera, Eagleby and Beenleigh wanting to know how to complete their Business Activity Statement, that’s due on 28 October 2008.

I just need some help with Payroll, and BAS lodgements

Generally the problem is not with the BAS itself, rather it’s with the allocations and the data entry. So often we’ve seen clients who want to save money on bookeeping fees, by them trying to do the bookwork themselves.

Investing a few dollars in a good bookeeper once a quarter to help with your BAS can save you money

By not fully understanding the process, there’s a danger that your figures are incorrect, and you are declaring a higher Tax liability than is correct, and so you will be out of pocket.

Smart business owners understand that by investing a few dollars in a good book-keeper once a quarter, they actually end up ahead, compared to trying to sort out the bookwork themselves.

“I’m quite proficient with MYOB, but I just need some help with Payroll, and BAS lodgements, can you help?”

We often get telephone calls like this – Sometimes we an even help people over the telephone, there and then. Some clients need us to spend a couple of hours with them training to use the MYOB accounting package.

If you need help calculating your BAS from MYOB, then contact us HERE, sometimes it can be simply explained over the phone. Or we can look at your MYOB file and help you work out the BAS. Rather than getting stressed, contact us today

Other clients just need some extra help in working their way through the software to streamline their bookkeeping. Often we get referrals from book keeping clients who are very happy with the bookeeping service that we provide.

Contact Us when you need some help with your bookwork, or some training with your MYOB accounting software

Many businesses hate the task of bookkeeping!

All around Australia business owners are seeing a slow-down in cash. Your invoices are being dragged out from thirty days, to sixty and ninety days.

If you haven’t got a bookkeeping system (whether its MYOB or Quickbooks etc) in place to ensure that cash is not coming into your business as it should, then you are heading down a slippery road to disasterville. Contact us now for more information

You may be like many business owners that are too busy working in their business, and don’t enjoy bookwork, so they put all the paperwork in their in-tray and hope it will be miraculously sorted out for them.

If you are stressed out by that thought, then hand the job over to someone who loves to do that meticulous type of work.

Out sourcing a book keeper to do your bookeeping has so many benefits to your business. By having your bookwork upto date you can monitor the cash flow of your business. You can see where the money is coming in, where the money is going out, and see which ever is the greater.

Smart business operators keep a tight check on their cashflow, and when the going gets tough, as the economy slows down, it’s those business owners that are constantly chasing monies owed, that tend to survive.

If a customer is not paying their account, then you should start to be alarmed. If you leave it too late, that customer may be gone, and you could be left with a debt that’s greater than the total profit that you’ve made during the lifetime of that customer.

Contact us now for more information on how to help your small business grow with bookwork

The Yatala Enterprise Area (YEA) is one of the most important industrial land resources, particularly for larger-scale industry, in South East Queensland.

The 3,000 hectare area, zoned for commercial and industrial use, is located at the northern end of the city, straddling the Pacific Highway, central to the Gold Coast-Brisbane growth corridor.

The area is experiencing strong economic growth thanks to the long list of advantages it offers to new and existing investors. This is increasing demand for bookkeepers and in particular mobile bookkeeping services, as small business owners struggle to keep upto date with their paperwork

Whether your business has an accounting software program such as MYOB or Quickbooks, or whether you are still using a manual bookkeeping system, it’s importanat that a growing small business in the Yatala Enterprise Area has their bookkeeping under control.

Modern road, rail, air and sea transport services, world-class infrastructure and services, competitive land prices and an enviable quality of life in a sub-tropical climate, combine to make this young and dynamic growth area an ideal location to start up or relocate your business.

Yatala is located in the fastest growing corridor of Australia, with access to a constant influx of people who are available for employment. There is a sense of countryside meeting the city at Yatala, so everyone is relaxed enough to talk freely with other business owners and also to help each other when needed.

Contact our Ormeau Bookkeepers for a free consultation regarding your bookkeeping requirements

One advantage of the introduction of the GST was initially to force you to review your finances on a quarterly basis resulting in a greater awareness of your ongoing financial position.

This has led to many small businesses around Ormeau and Yatala utilising a computerised accounting software package such as MYOB or Quickbooks to do the hackwork and present you with the necessary reports and if required even the BAS itself.
However, owning the software does not make you a bookkeeper, and whilst the software companies have done their best to make the packages easy to use, the operator still needs a basic understanding of bookkeeping.

Outsource your bookkeeping to free your time to do what you do best

We’ve helped many small business owners with book-keeping, and we can help you. By outsourcing your bookkeeping needs you can free up your time to do what you do best in working your business, while we do what we do best, working on the bookkeeping side of your business

The work of a bookkeeper is not the same as that of an accountant. Indeed, many accountancy firms employ or subcontract bookkeepers to prepare the figures for their financial reports.

Bookkeepers enter all the data, invoices, receipts, dockets, and match up the money that comes into a business with the money that goes out of the business.

The bookkeeper will reconcile the bank accounts, make sure that all the figures entered into the general ledger match the figures on the bank statement.

Accountants will look after the taxation matters of a business – they are professionally qualified and keep upto date with all the updates and changes in tax laws and rulings from the Australian Taxation Office

The finer points of accounting and taxation are best left to the professionals whose job among other functions is to keep you updated with changes in taxation as well as maximise your deductions. Your book keeper should be able to prepare a reconciled trial balance.

You can do the bookkeeping yourself if you have some knowledge of simple bookkeeping and know your way around a computer, but many small business owners do not have the time or the inclination to do the necessary bookwork each week

In the last two days we’ve had calls from small business owners who understand that they cannot do everything that needs to be done to keep their business going.

The cost of hiring a bookkeeper may seem expensive until you consider the cost of trying to do the bookkeeping yourself. Contact us now for a free quote

One client had their brother-in-law set up the chart of accounts and show our client how to do the bookwork. That can work well sometimes, and can be a total disaster for others. Costly mistakes can occur by not setting up your bookkeeping system correctly, through giving an incorrect reflection of your business profit and loss, or incorrect calculations of the GST that is owed

As we fast approach the deadline for the September Quarter BAS returns, business owners begin to panic and search for quick solutions to their bookkeeping.

If you’ve been doing your own books and are not sure about how to complete the BAS, you can Contact us now.

We have clients that email us their MYOB / Quickbooks files and we can sort them out and submit the BAS electronically. If you are not sure whether you’ve done the data entry correctly, Contact us now and we’ll have a look over your data files.

Not only can we save you in accounting fees, we may also save you in your GST liabilities – after all, you can probably put the money to better use than the Australian Taxation Office, can’t you?

He regarded the bookkeeping to be an unnecessary expense

Many small business owners struggle with keeping their bookwork up to date. Yet good record keeping is an essential part of any successful small business.

How can you make an informed decision about your business if you don’t know where you are at financially with your business?

As a small business owner around Yatala, Ormeau, Beenleigh or Coomera, you may have an excellent understanding of your business, and can say that you have all the information in your head.

We recently had a bookkeeping client who knew his business so well, that he boasted one client accounted for more than two – thirds of his business turnover.

After going through the bookwork, we presented him some reports generated from the MYOB accounting software; this small business owner was shocked to learn that the client actually accounted for less than a third in terms of income, and was actually taking up about 80% of his time.

The business owner had no idea of where his business was, he hadn’t looked at sales figures, had a vague idea about his pending orders, and was heading for collapse.

Yet he took no notice of our warnings, because he regarded the bookkeeping to be an unnecessary expense, and only wanted the minimum of bookkeeping services.

Six months later he closed the doors on his business, before the creditors declared him a bankrupt. So he lost his whole business for the sake of a few hundred dollars in bookkeeping fees that he regarded as an expense.

Good record keeping should be the life-blood of your business, so ensure that you have a good bookkeeping system in place. Contact us for details