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Category: Bookkeeping

Xero Conversions and Training

As your business grows, it is essential to ensure its software and tools can accommodate its evolving needs. Outdated accounting software systems can lead to inefficient workflows and errors, which can ultimately impact your bottom line. This is where converting your accounting files to Xero can play a vital role in ensuring your business stays […]

Reporting requirements for Closely Held Payees

As an award-winning and trusted bookkeeping practice, we understand the importance of staying up-to-date with changes in payroll processes. One change that has recently come into effect is the reporting requirements for Closely Held Payees. What are Closely Held Payees (CHP)? A closely held payee is an individual who is directly related to the entity […]

Single Touch Payroll

If you’re an employer with 20+ employees, you’re probably already aware of Single Touch Payroll (STP). However, as of 1 July 2019, STP kicks in for all businesses regardless of the number of employees.   So just what is Single Touch Payroll? Parliament recently passed legislation to extend Single Touch Payroll (STP) to include small […]

What is a Bookkeeper?

Jo and her team in a meeting

Bookkeeper Overview Bookkeeping is the process of recording, analysing and interpreting the financial transactions of a business or individual. Bookkeeping is also about understanding how a business works and then providing accurate figures that enables a business to know the exact state of their financial health. From a historical perspective, the basic premise of double […]

Finalist in the NAB Women in Finance Australian Bookkeeper of the Year

Being Accountable has been shortlisted for the prestigious Women in Finance Awards, partnered by National Australia Bank. Jo Williss is in the running to take out one of Australia’s top industry awards.  She has been shortlisted as a finalist to win the Bookkeeping category at the 2017 Women in Finance Awards. “The winners will not […]

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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.
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