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NEED A HAND with BOOKKEEPING, BANK RECONCILIATION, OR BAS?

We take care of the mundane so you can relax

Honestly, who likes bookkeeping? You're not going to believe this, but we do...
Keeping track of your books is necessary for all business owners, as is filing BAS returns if you're registered, but they don't have to be a drag. Focus on what you do best, while we handle your books 🤓

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BOOKKEEPING 101

What is bookkeeping?

Bookkeeping is the process of recording and reporting information about an organisation’s financial activities. Bookkeeping records important pieces of information such as sales and expenses, assets and liabilities.​

Good bookkeeping practices mean your business maintains accurate records and makes sure that there are no discrepancies between what an organisation reports to the outside world and what actually happens within.​

Why should I hire someone to do it for me? ​

You might ask yourself why a business needs to hire a bookkeeper. Why would you need someone to record and keep track of your finances, rather than do it yourself? ​​

Alongside the legal requirements for you to keep accurate records so that you pay the proper amount of tax, a key benefit is that you have someone keeping track of your money so that you can make sure you’re not spending more than you have coming in. ​​

This is especially important if you’re a small business owner because it can be hard to keep track of everything when you're wearing all the hats. Give yourself one less headache, and gift yourself back some admin time.​

WHAT'S ON OFFER

Beany's bookkeeping services

Reconciling your transactions and preparing BAS returns.

Bank reconciliation

If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking, and you can relax knowing it's all done right, and on time.

BAS returns

We prepare your BAS returns ready for you to review and pay. We also remind you of when and how much to pay.
If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking, and you can relax knowing it's all done right, and on time.
We prepare your BAS returns ready for you to review and pay. We also remind you of when and how much to pay.
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Bank reconciliation? Let us help!

Performing a bank reconciliation is a necessary chore for all business owners. Essentially, you compare your record of sales and expenses against the records your bank has because bank statements are reliable financial records. The purpose of a bank reconciliation includes finding and fixing any errors, identifying wrong payments, tracking profitability rather than relying on your gut feeling, and getting prepared for tax filing.​

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Struggling with BAS returns?

A business activity statement (BAS) is a form that all businesses must lodge to the ATO. It summarises all the business taxes you have paid or are to be paid to the ATO in a specific period. ​​BAS typically includes GST, PAYG instalment, PAYG withholding tax, and other taxes.​​

In Australia, if you're GST registered (annual turnover is above $75,000 or a taxi driver or a ride-sharing driver), then you're required to lodge a BAS.​ ​

BAS lodgement frequency is monthly, quarterly, or annually. The frequency of lodging BAS depends on your GST turnover.​​

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FAQS

Frequently asked questions

Don’t see your answer? Reach out to us, we’d love to help!
You must be a Beany client and use Xero accounting software to access our bookkeeping services.Register and one of our team will reach out to learn about your business and your goals. They will offer the best way forward and if we're a good fit for each other. A quote will be provided for the services that were discussed.The next step is to accept the quote and complete onboarding. We can only start working with you once onboarding is finalised and we're officially your tax agent.
In order to provide an exact cost we will need to understand more about your business to suss out the amount of work required each month.Some of the things we'll need to know are how many transactions you have each month, and how many business bank accounts and credit cards you have.
If you want one less hassle, we can prepare your BAS returns for $85 per month.
Alongside the legal requirements for you to keep accurate records in order to correctly report to the ATO, and pay the proper amount of tax, a key benefit is that you have someone keeping track of your money so that you can make sure you’re not spending more than you have coming in.If you're a small business owner, it can be hard to keep track of everything when you're wearing all the hats. Give yourself one less headache, and gift yourself back some admin time.
Once you've finished your ID checks and ATO authorities, our team will be busy in the background getting connected with your Xero file and at the Australian Tax Office. If you had any third parties where we needed to do ID checks or get ATO authorities, we'll need to have these complete before we're able to start any work. Once this is complete, you'll receive an email introducing you to your new accountant along with a link to book a meeting with them. They will talk to you about your bookkeeping.
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Resources

A BAS agent is using a calculator to help business owners to find out how much tax they need to pay to the ATORead more about 3 reasons you should get your BAS done by a BAS agent
Tax

3 reasons you should get your BAS done by a BAS agent

September, 2022

Whether to hire a professional to handle your accounting and tax is not an easy decision. However, when the tax tim...

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Accountant vs. Bookkeeper: What’s the Difference

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What is Single Touch Payroll (STP)?

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Stay on top of the payroll reporting with Single Touch Payroll - our in-depth guide covers everything business owne...

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