Bookkeeping Services | Fees and Charges | ContactWe provide a wide range of accounting services for individuals and businesses: Business Activity Statements (BAS) BAS is the single form that you fill in and return to the ATO to report your obligations and entitlements on:
Griffith & Petersen Bookkeepers provides BAS preparation and lodgment services. We assemble and review all your transactions for a period and prepare a summary BAS for your review. In conjunction with our clients we then carefully examine the data, ensuring all GST input credits are recorded before preparing a final Business Activity Statement. Griffith & Petersen Bookkeepers can then lodge your business BAS on your behalf or you can lodge it yourself. Bank Account Reconciliations We have medium to large clients who have a large number of bank accounts and internal transactions to reconcile. We are able to do this process on a weekly, fortnightly and monthly basis depending on client requirements. We reconcile credit cards as well as savings and GST accounts to ensure accounts are complete and reflect the true financial position of the business. No matter what your needs, we will keep you up to date. Backlog Problems Many clients approach us with work going back for periods ranging from six months to seven years. We can comprehensively untangle many years worth of bookkeeping and BAS preparation to get these clients back on track and compliant as quickly as possible. We’ll also streamline their whole accounting and record keeping system while clearing the backlog to ensure this doesn’t happen again. Payroll Working out your payroll can very time consuming whether you are the sole employee or you have 200 employees, keeping track of awards, deducting the right tax amounts, accumulating holiday pay and more can be complex and complicated. Superannuation If you are running a small business or employing people, you need to understand and meet your superannuation obligations for you or your employees… when an employee starts you need to determine how, when, where and how much superannuation to pay, capture Tax File Numbers, keep track of deduction limits, know about eligible termination payments and more… and with the introduction of superannuation fund choice, it just became even more complex. And then there is the reporting and record keeping… when to pay contributions and how, super fund eligibility for payments, the superannuation guarantee charge and how to calculate it. You are required to maintain records that adequately explain your superannuation guarantee transactions, including documents that show how you calculated the level of support paid for each employee. Accounts Recievable Your Accounts Receivable bookkeeping is essential to successful small business management… how much clients or customers owe you and when you can expect to receive those funds is a vital component of managing your cash flow; often, effectively managing your Accounts Receivable is the difference between building your business or going out of business. Griffith & Petersen Bookkeepers Receivable bookkeeping services are second to none. We help you set up your invoicing, track payments and reconcile your revenues with your invoicing. We can also highlight outstanding invoices to be hurried up and identify clients that are slower in paying than you would like, suggesting that their trading terms might warrant a review. You will be surprised at the peace of mind you can experience when our bookkeeping team can keep you informed with the financial records you need to make key business decisions. Accounts Payable No one likes being chased for money that they owe… that’s what Accounts Payable is, money you owe on short term credit to suppliers… and keeping your supplier payments on track is key to building positive relationships with your suppliers, often giving you a competitive edge when you need the support of your suppliers. And yet it is very easy to become inundated with supplier paperwork… quotes, invoices, credit notes, delivery dockets and more can all too easily pile up in the in tray. You also need to keep track of what purchases are expenses and which are assets so you can deduct expenses from your tax or depreciate the assets and also claim a partial tax deduction. You need to know your upcoming cash outlays in order to effectively manage your cash flows. You will be surprised at the peace of mind you can experience when our bookkeeping team keeps you informed with the financial records you need to make key business decisions. P & L Reports Accountants can give great advice and we recommend that you find a great accountant and actively plan your finances… but without accurate records, your accountant will be working in the dark; you don’t want this when it comes to your finances. And you want to pay for good advice from your accountant, not spend your hard earned money on paying accountant fees for basic bookkeeping. Whilst Griffith Petersen Bookkeepers does not provide accounting advice as by law we are unable to, we can assemble your financial records accurately and professionally in a format that is much easier for your accountant to review or import into their accounting software. This saves you both time, and money, and allows your accountant and you to concentrate on interpreting the records, confident that they are accurate and up to date. Here at Griffith Petersen Bookkeepers we work closely with many accounting firms, large and small, producing client financial records that are ready and formatted, ready for preparing your Profit & Loss and Balance Sheet. This key management information is also invaluable to you… your cash flows, profitability, government and statutory requirements and your asset position, all available for you to base your key decisions upon. All our bookkeepers are employee of Griffith Petersen Bookkeepers and have been trained by us in the latest bookkeeping skills, techniques and tools. |
