Annual Accounting

• ASIC Returns: We act as the Registered Office for most clients and ensure all Australian Securities & Investment Commission (ASIC) forms and paperwork are prepared and lodged on time. Most ASIC forms have lodgement deadlines with significant penalties if lodged or paid late. Our integrated software captures your changes and keeps your company up to date for one low yearly fee.
• Accounting Information Checklist: We will provide an appropriate checklist of records, documentation and information required for the preparation of your financial reports and related tax returns.
• Records Folder: We will provide you with our records folder, which is specifically tabulated to assist you in collating your information in a methodical manner to assist with efficient processing.
• Cash Book Preparation: We will prepare your cash books to record your receipts and payments in a way we agree to be most appropriate and efficient. This may be manual, computerised or by utilising Banklink.
• Banklink Facility: An electronic copy of your bank statement will be downloaded from your financial institution directly to us. We will then encode transactions and enter them direct to your general ledger.
• MYOB Accounting Package: We are authorised providers of MYOB Accounting software, a versatile accounting system designed for small/medium sized business. We will assist with installation, training, processing and production of reports.
• Financial Reports: We will prepare financial reports, including a Profit/Loss Statement, Balance Sheet and supporting explanatory notes. We apply high professional standards to ensure the accuracy and reliability of the information disclosed in these reports.
• General Ledger Maintenance: We will maintain your general ledger, capturing your financial transactions from all sources and dissecting them between different categories of income, expenses, assets, liabilities and proprietor’s equity.
• Journal Adjustments: We will prepare journal entries for all transaction not captured by your general ledger from a direct source. These may include non-cash transactions and balance date adjustments.
• Account Reconciliations and Verifications: We can prepare a sophisticated set of working papers that support the information contained in your financial reports. They will capture calculations and sources of information relied upon together with explanations of accounting data.
• Five Year Performance Comparative: A five year performance comparison can allow analysis of trends over an extended period to enhance business decision making.
• Cash Flow Reports: A statement of cash flows provides a vital analysis of the most important aspects of your business – where did the money come from and where did it go. We can provide this important report on a monthly, quarterly or annual basis.
• Financial Performance Analysis/Ratios: We can provide an analysis of your performance over the last year to assist in evaluation the overall well-being of your business and identifying symptoms that require remedial action.
• Business Performance Benchmarking: We have access to key financial information that will allow the comparison of your business to those of your industry peers. We will compare your results to these benchmarking to ensure you are competitive and are progressing towards business excellence.

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