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There’s many reasons why you should get your bookkeeping upto date before the end of the financial year on 30 June 2010.

Often clients are devastated when they discover how much tax they have to pay because they didn’t plan for the FYE (financial year end). Leaving it until after 30 June is too late.

We are not tax agents or accounts, but our team of mobile Melbourne bookkeepers can certainly help you get your paperwork upto date so that you can at least have three quarters of the 2009/2010 financial year upto date and ready to visit your accountant before the end of June 2010

Sydenham small business owners struggling with your MYOB bookkeeping and BAS can get help right here.

contact our Sydenham Bookkeepers, your local mobile bookkeeping service today

There’s only two weeks to lodge your December quarter Business Activity Statement [BAS].

Our team of bookkeepers servicing the suburbs around Melbourne’s Tullamarine airport have received a number of phone calls from small business owners in the City of Moreland council district wanting help to get their MYOB and Quickbooks bookkeeping upto date ready to lodge the December quarter BAS that’s due 2 March 2010

Savvy business owners from Sydenham on the west to Coburg on the East, have contacted our Pascoe Vale Bookkeepers, looking for a mobile bookkeeping service.

Rather than you struggling and getting stressed out over it, give us a call, and we’ll come to your premises and review your MYOB data files.

Our Melbourne mobile bookkeeping service can help you with reconciling your bank account statements. We’ll run various checks and reports to ensure that all the data has been entered correctly and allocated in the correct accounts

The Australian Taxation Office [ATO] advise that almost 80% of BAS forms are lodged incorrectly - as many small business owners are challenged with the task of completing their Business Activity Statements

Contact our Moreland district bookkeeping team today

Business Activity Statements BAS are due on 2 march 2010 for businesses that report their GST obligations quarterly

With the Christmas holiday period over for many small businesses, 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 2009) to get your BAS lodged on time.

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. This is, of course, a Sunday. However, the next business day is not Monday, since it’s a public holiday in Western Australia. Thus the Q2 BAS is due on 2 March 2010

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 2 March 2010

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

You may use MYOB or Quickbooks accounting software - or even some other syatem for your bookwork. We can assist you with any challenges, or even just releave you of the burden of the book-keeping

Our bookkeeping Service has clients in and around Melbourne Inner Suburbs, Fitzroy, Richmond, Toorak, Victoria, Australia. Contact us here for details

A bookkeeping client asked whether he should pay his supplier from the invoice, or the statement.

As bookkeepers we always say pay from the invoice - NEVER pay from the statement.

Why not pay from a statement?
When you always pay from an invoice, then there’ll be no risk of wondering whether you’ve paid that invoice or not - and when your bookkeeper comes to enter the data into the accounting software package, be it MYOB or Quickbooks, the bookeeper will know what you’ve paid and waht you haven’t.

When you receive a statement, it may list invoices that you have since paid, and you could end up paying them twice.

But surely the supplier would tell you that you’ve paid the invoice twice. Maybe, or maybe not.

By sticking to the rule of always paying from an invoice, and never a statement, you can see what the invoice relates to, and you’ll know what the GST component is.

Surely the GST is always 10%?
Not necessarily. Take a food outlet, such as a cafe. The onwer buys unprepared food that is free of GST from a supplier, such as milk - and there’s also packets of biscuits included in the order which are inclusive of GST

What’s the statement for?
The supplier will send out a statement advising you of which invoices have been paid and which are outstanding in that reporting period.

Nothing wrong with attaching the invoices that you are going to pay, and put them with the statement - as long as you ensure that the amount you pay is not the amount requested on the statement, but the total amount of the invoices that are attached to that statement.

When cash flow is tight, you want to do everything you can to ensure that you are not paying invoices twice - and one way of doing that is never to pay from a statement.

A bookkeeper in Texas, USA has been accused of stealing in excess of $260,00 over a five year period.

She was working for a building company and allegedly wrote out a total of 546 cheques to herself or her family members

Even though the cheques were supposed to have two signatures, the bookkeeper signed them herself.

How many small business owners have any systems in place to ensure that their accounts are not being tampered with by the bookkeeper?

It would be difficult to notice the odd $500 being added to the cost of a building project here and there.

Is your paperwork in order, have you got your bookkeeping up to date ready for the BAS due on 28 October?

If you are a small business owner in and around Doncaster, Blackburn, Templestowe, Ringwood, Mitcham, and Nunawading, we encourage you to focus on what you do best, and we’ll do the rest

With less than three weeks away before the first quarter Business Activity Statements [BAS] are due for lodgement, there’s not much time to get your bookwork organised

Cash flow has certainly tightened up in the economy. As bookkeepers, we’ve seen that invoice payments are being dragged out longer and longer, as suppliers wait to be paid by customers, and service providers wait to be paid by their clients

For small businesses in and around Doncaster, Blackburn, Templestowe, Ringwood, Mitcham, and Nunawading we have a mobile book keeping service that can come to your office and do the work on-site, or we can take the paperwork away with us and complete your bookkeeping work in our offices

Either way, it’s not a good idea to leave your bookkeeping until the last minute and risk a fine from the ATO for a late lodgement Call us today on 0415 453 536 for more information

When potential clients contact our Melbourne bookkeeping service, they often ask us: “what is your hourly rate for bookkeeping?”

They then try to make a comparison by phoning up other bookkeeping services around Pascoe Vale or Doncaster in the belief that they can hunt around and find a bookkeeper charging a better rate and therefore make the assumption that by paying a lower rate for bookkeeping services they will save money. Read more… »

As MYOB professional partners, we’re authorised to supply MYOB accounting software. We can supply, install, and train our clients to do their bookkeeping using MYOB software.

A client contacted us yesterday asking us to supply them with MYOB Premier Enterprise for their franchise. It’s a “high-end” version of accounting plus – and comes with five single usr licences

This means that you can have five different users – in different locations, all access the one data file. It’s great for retail outlets – maybe a chain of shops linking back to head office.

The clients have a bookkeeper that’s going to come in and do their bookwork. What is surprising is the fact that the bookkeeper did not advise the client that they would need their own server – and possible an IT guy to come and help them get the system set-up.

Clients are looking for more than just a bookkeeper these days. Clients are looking for a bookkeeping service that will actually supply “customer service” – you know, the old fashioned type of service that was not just knowledge. It’s “service with a smile” service with “heart”.

If you want the “wham, bham, thank-you ma’am”, then there’s plenty of cowboy bookkeepers out there who’ll do the work for next to nothing, and more often give you no service, and heaps of headaches, a set of incorrect figures but at least you’ll have not paid much for your bookkeeping fees.

Whether you use MYOB / Quickbooks, or you need Software Training for your small business in and around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Doncaster, Ringwood Suburbs of Melbourne, Australia, we are here to help. Contact our Melbourne team of mobile book-keepers now Read more… »

Business Activity Statements, for business owners reporting quarterly, are due on 28 July 2009.

For many small business owners around Doncaster and Ringwood, and especially for their bookkeepers, July is always a busy time of year in Australia.

With end of financial year reporting, together with reporting of the 01 April to 30 June quarter, businesses that are behind in their paperwork can struggle under extra pressure that they really do not need

Cash flow has certainly tightened up in the economy. As bookkeepers, we’ve seen that invoice payments are being dragged out longer and longer, as suppliers wait to be paid by customers, and service providers wait to be paid by their clients

The phone’s been ringing as desperate business owners in a panic wanting help with their MYOB and Quickbooks files. In most cases, they can simply email us the files and we’ll have a look at their reporting and can generally work out where the problems are within a short time

One lady contacted us after spending two days trying to reconcile her Quickbooks bank accounts. We had a look at her file and solved the problem in 35 minutes.

Look at the time and stress she would have saved if she had contacted our bookkeeping company when she first noticed that there was a problem

As a small business owner we encourage you to focus on what you do best, and we’ll do the rest, contact us now