In order to create a successful business, knowing your statistics is essential; therefore, it is crucial that your bookkeeping and reporting to the ATO be accurate and on time. Most small to medium-sized enterprises are founded out of a passion for a skill or out of necessity. Either way, as your business expands, you will need to recognize the need of hiring a knowledgeable, qualified, and trustworthy accounting company to assist you in ensuring that your company's finances are where they need to be.

As bookkeepers, it is our responsibility to assist you with the day-to-day management and recording of all matters pertaining to your financial records, payments of accounts, financial transactions, payroll, issuing of invoices, tracking and recording of any outstanding debts, and ensuring that you file accurate tax returns with the Australian Tax Office.

Amazing bookkeeping takes skill and provides value to any business. The evolution of technology and Australian taxation laws necessitates that bookkeepers remain competitive. An experienced bookkeeper will continue to acquire new knowledge and improve their skills, and may aid you in condensing your records into efficient systems that permit correct recording, tracking, and reporting.

It is believed that 75% of all new businesses fail within their first five years. The business owner's financial management and accounting methods (or lack thereof) are one of the primary causes.

Frequently, business owners are too busy to keep track of their invoices and money owing, resulting in a loss of cash flow, which typically spells the end of the company.

Accounting platforms such as Xero, MYOB, Quickbooks, and Reckon are online cloud accounting software applications that enable you to reconcile and issue invoices with consistency and ease. Your time is valuable, and you should recognize that spending your nights and weekends on bookkeeping prevents you from spending time with your family and focusing on your business and your strengths.

From day one, Perth Bookkeeping Services gives you the opportunity to create excellent bookkeeping processes and reliable records. If your invoices are submitted on time and followed up on, your cash flow should remain stable, allowing you to know exactly how your firm is performing.

A further advantage of utilizing our bookkeeping services is that we are distinct from accountants. Our fees are typically more reasonable. We can collaborate with your accountant or recommend one if necessary.