Need help with bookkeeping?

Good bookkeeping separates successful businesses from mediocre ones.

Good bookkeeping is essential to busines success

Can you trust your numbers?

Well reasoned business decisions rely on quality financial data. It’s really important that you can trust your numbers when you have to make critical decisions. Timely and accurate bookkeeping data help you answer these crucial questions with confidence, eg. should I add a new staff member, which parts of the business are the most profitable, will we have enough cash flow to meet payroll etc.

When you understand not only what your key business numbers are telling you but also what factors drive those numbers, it helps you make better decisions. You know whether you must continue or stop what you’re doing or even try something totally new.

Instead of relying 100% on your gut feelings, which may lead you to costly consequences, you base your decision on solid financial data which subsequently moves your business forward.

Good bookkeeping process is the bedrock foundation of all great businesses.

Once OFF Engagement

A bit behind on your books?

Running a small business in Australia is definitely not a walk in a park.

Particularly as the business grows in complexity, it requires more and more juggling of competing priorities. Bookkeeping is usually not a top priority, compared to things like business development or dealing with pressing staff issues.

This situation is quite common because most small businesses only have limited resources available to them. Therefore, bookkeeping is getting less attention than it deserves. As a result, the numbers tend to be confusing and by the time you get the see the reports, the financials don’t make sense anymore because they are out of date.

That’s the point where we can help ease the burden to get you up to speed. Then you can look at the financials and they make sense.

Here are some areas we’ve been helping other businesses in:

  • Lodging outstanding Business Activity Statement (BAS) lodgements
  • Late super payments and you’re not sure what to do?
  • Employee payroll, superannuation and Single Touch Reporting (STP)
  • You’ve recently outgrown your excel spreadsheet or decided to change to a more efficient bookkeeping software and need some guidance? We help you choose the right software for your business. Being certified advisors with Xero, MYOB and Quickbooks, we can provide you with a seamless transition from your existing system to these popular cloud-based softwares.

ongoing engagement

Time to outsource your bookkeeping?

Now that your business has gained some traction in the market, it makes more sense to outsource non-critical functions in the business to the specialists.

Rather than trying to do everything in-house and doing nothing well, smart businesses use outsourcing as a competitive advantage to get the most out of their core competencies, focusing on the things they’re good at.

Doing bookkeeping day in day out is probably not your passion or the reason you started your business. By outsourcing, you free up capacity and get the focus back on the more important parts of your business, such as growing your business.

We love numbers and we’re good at keeping the books in order. When you sign up for one of our outsourced bookkeeping packages, you can get all these services delivered by professional bookkeepers and accountants, who are based in Balcatta, Western Australia. Or we can tailor it to your specific needs:

  • Up to date financials provided regularly 
  • Accounts payable and accounts receivable 
  • Correct payroll calculation and on time Single Touch Reporting (STP)
  • Superannuation administration and remittance
  • Employee leave tracking and reporting
  • BAS and Instalment Activity Statement (IAS) preparation and lodgement
  • Taxable Payments Annual Report (TPAR) lodgement
  • Payroll tax preparation and lodgement
  • Bank accounts reconciliation
  • Email and phone support from qualified bookkeepers
  • Support from in-house chartered accountants as required

What’s Next

You’re interested & want to learn more?

Choosing the right bookkeeper to outsource your bookkeeping to is a very important decision.

We want to make sure that we’re a good fit and can work together.

To help you make an informed decision, we would suggest booking a meeting so we can get to know each other better.

The main purpose of this is to understand your business, what it needs to do to achieve its goals and how it fits into your long term personal plan.

If you can’t trust your numbers and it’s causing you a lot of stress, perhaps it’s time we change this. Contact us and we’d be happy to show you how you can get your life back!


1 Whipple Street, Balcatta WA 6021
P: 08 6377 7632

Verity Advisory is a Chartered Accounting firm supporting local businesses in Perth.

 

Liability limited by a scheme approved under Professional Standards Legislation.

 

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