Xero Bookkeeping

1. Expert For BAS & IAS Preparation:

Our commitment is to deliver exceptional services that empower our clients to succeed. The meticulous preparation of BAS and IAS is pivotal in meeting your financial obligations and optimizing your tax liabilities. We take great pride in our unwavering attention to detail when handling your BAS and IAS. Our team conducts a thorough review of your financial data, guaranteeing precise and error-free accounting for all transactions. This stringent approach safeguards you from costly errors and potential compliance challenges.

2. Bank & Accounts Reconciliation Service:

Ensuring the accuracy of your bank and account reconciliations is crucial for maintaining a clear and reliable financial overview. Our skilled professionals are dedicated to reconciling your bank and account statements meticulously, promptly identifying and rectifying any discrepancies

• We conduct thorough reconciliations for various accounts, including bank, credit card, PayPal, Stripe, and other accounts, ensuring that all transactions are accurately recorded and categorized.
• Our experts specialize in ensuring the accuracy of GST (Goods and Services Tax) and General Ledger (GL) account reconciliations.
• We regularly prepare financial statements (monthly, quarterly, and annually), delivering a comprehensive overview of your financial performance.

3. Xero Setup and Customization:

• Our experts will set up your company in Xero, configuring the software to meet your specific requirements.
• We create custom Profit and Loss (P&L) and Balance Sheet reports tailored to your business's unique needs, providing you with valuable financial insights.

4. Accounts Receivable Management:

• We take charge of the process by issuing quotes and invoices to your clients, ensuring accuracy and timeliness in generating these financial documents.
• Our team is dedicated to managing the entire invoicing process, from generating invoices to tracking and following up on invoice settlements.
• Chasing overdue customers is one of our key responsibilities, and we send reminders and follow up on outstanding payments.
• We meticulously reconcile your accounts receivable to ensure that your financial records are always up to date and free from errors.
• Our team is responsive to customer queries, providing prompt and professional responses to any inquiries.

5. Accounts Payable Management:

• We efficiently create purchase orders (PO) and bills for the expenses your business incurs.
• Our team processes payments to suppliers and vendors, ensuring that bills are settled on time.
• We prepare comprehensive accounts payable reports, providing you with valuable insights into your financial obligations.
• We also reconcile accounts payable, ensuring that your cash flow management remains effective.

6. Payroll Management:

• We set up and manage employee profiles in Xero, ensuring compliance with all relevant regulations.
• We process payroll on a schedule that aligns with your business's needs (weekly, fortnightly, or monthly), handling salary calculations, deductions, and more.
• Our team is responsible for preparing IAS (Instalment Activity Statement) on a monthly and quarterly basis and superannuation on quarterly basis, keeping you in compliance with tax obligations.

7. Cash Flow Management:

We prepare and manage your clients' cash flows on a weekly basis, ensuring that they have a clear understanding of their financial liquidity and can make informed decisions.

8. Inventory & Fixed Asset Management:

• Inventory management is carried out within Xero, guaranteeing that your stock levels are accurately tracked and accounted for.
• We manage and maintain records of your fixed assets, ensuring that they are correctly accounted for and depreciated over time./li>
• Our experts can help you keep track of asset values, depreciation schedules, and any disposals or acquisitions of fixed assets.