How Being Accountable can help small businesses tame the debt monster.

Debt. It’s a word that can send shivers down the spine of any small business owner. Used strategically, debt can be a powerful tool for growth. But left unchecked, it can become a monstrous burden, threatening to swallow a business’s cash flow and dreams. Being Accountable aren’t just number crunchers; we’re financial navigators. We’ve seen […]

Rising super costs and ensuring compliance.

The new financial year, starting July 1st, 2024, brings a change for Australian businesses with employees. There’s a mandatory increase in the Superannuation Guarantee (SG) contribution you make for your employees. This means you’ll be contributing a larger portion of their salary towards their retirement savings. If you’re running a business, you must understand these […]

Your step-by-step guide to growing and sustaining your business.

Starting a new business is an exhilarating venture, but it comes with its fair share of challenges and responsibilities. Once you’ve successfully launched your business, the journey is far from over. In Part 1, we covered what you need to know to get up and running. Now that the “Open for Business” shingle is hanging […]

Client – Agent Linking

Client-Agent Linking with Being Accountable Bookkeeping. At Being Accountable Bookkeeping, we’re all about efficiency and security. That’s why we’re excited to tell you about Client-Agent Linking, a new process implemented by the Australian Taxation Office (ATO) that benefits both you and your business. What is Client-Agent Linking? It’s a secure way to connect your business […]

Checking in for EOFY

Where has the year gone? It seems like we were dealing with Christmas only yesterday, and here it is, June already. If you’re a small business owner (or any sized business owner, really), you’ll know that EOFY is looming and that you’ll need to start preparing for tax time. With the list of things that […]

We helped a property maintenance group streamline their workflow.

CASE STUDY #2 Problem Our client, a property maintenance group, was struggling with quotes and the management of their teams. There just seemed to be lots of hassles with shared paperwork and double handling that was making their workflow inefficient. Solution They were already using Xero, so we introduced them to a series of App […]

How we helped a physiotherapist become more efficient

CASE STUDY #1 Problem We worked with a large suburban physiotherapist practice looking after their end-to-end bookkeeping and compliance requirements. Their turnover was significant, but with 13 people to care for, it was evident that the physio staff needed to produce more billable hours to cover wages, let alone overheads and other costs. There were […]

What is Data Integrity, and why does it matter?

The Significance of protecting client financial data. The role of a bookkeeper has traditionally been to ensure the accuracy of captured and processed data. Previously, bookkeepers generated data from source records, which provided a level of certainty and reliance that it was accurate. However, with the emergence of other sources providing and processing data, a […]

We worked with an accountant to help their importer client.

Problem
An accountant introduced us to a new importer client of his. He was 12-months behind in both his bookkeeping and compliance (unlodged BAS). The client’s previous bookkeeper hadn’t picked up the GST component on import customs and the file needed a lot of extra work to bring it up to scratch.
Outcome
Streamline accounting procedures so that the client can provide information and paperwork. We’ve also connected add-ons to Xero to assist the process. Provide end-to-end bookkeeping, payroll, accounts payable, accounts receivable, monthly reports, manage multi-currency accounts and import of stock, BAS lodgement, STP, super, and more. Liaise with accountant to help client stay on track and ensure file is current for monthly advisory sessions between client and accountant.
Solution
The client is now back on track and his bookkeeping compliance is up to date. They are managing growth and cashflow, building their business, and they don’t have to worry that they’re behind anymore. The accountant doesn’t need to worry either because he knows everything is in place so that he can concentrate on planning and the business advisory that he wants to do.