Introduction to Bookkeeping

The introduction of the new tax system and GST in Australia has increased the need for small businesses and individuals to hire the services of a bookkeeper to keep track of finances. Some of the key services bookkeepers offer include:

Payroll

• maintaining employee earning records
• payroll process
• annual, sick, long service and RDO
• superannuation payments
• PAYG summaries

General Ledger

• Bank and credit card reconciliation (weekly, monthly, quarterly)
  
• profit and loss statement
• budgeting
• balance sheets
• income statements

Accounts Receivable

• preparing invoices
• receiving payments
• debt collection
• statements (monthly, quarterly, annually)

Accounts Payable

• payment of accounts
• schedule payments
• petty cash

Job costing

• track costs
  
• job profitability reports

Inventory control

• sales and stock tracking
• inventory reporting
• inventory sales analysis
  

Reporting

• daily, weekly, monthly or quarterly reporting
• financial year-end reporting
• profit and loss
• trial balance
• tax reporting - GST, PAYG
• balance sheet

Software training

• MYOB
• QuickBooks