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Bookkeeping

Tired of reconciling transactions and all that other tedious business admin? Whether you use Xero, QuickBooks Online, or MYOB Business, we’ve got you covered. Our bookkeeping team makes sure your financials are clean, compliant, and ready for action week in, week out.

Bookkeeper sitting at her desk smiling

Bank Reconciliation

Our bank reconciliation service includes:​

  • Weekly reconciling of your Xero, MYOB or QuickBooks
  • Resolving coding queries - if we're unsure about a transaction, we’ll email you for clarification (we never guess or make assumptions)

Keeping your accounts reconciled means you can rely on your financial reports for decision-making and know everything is ready for year-end.​

Meet Brooke, Beany's Bookkeeping Supervisor
Brooke - Beany support and bookkeeping supervisor

Bookkeeping

Our bookkeeping service is flexible and tailored to your requirements. We can help with any of the following:​

  • Bank and credit card reconciliation 
  • Balance sheet reconciliations
  • Purchases and payables - paperless supplier invoices imported to your software, preparing CSV files for batch payments, managing aged payables
  • Invoicing and receivables - creating and sending invoices, issuing credit notes, and debtor reminders
  • Fixed asset management and reporting
  • Monthly and year-end adjustments for accruals, prepayments and other journal entries
Farming business owner standing infront of a paddock with a tablet looking at this financials

Less admin, more clarity

  • Confidence that your accounts are accurate and up-to-date
  • Avoid errors and compliance risks
  • Clear financial records give you the insight to plan and make informed business decisions

BOOKKEEPING FAQS

Frequently asked questions

Up-to-date bookkeeping is fundamental for gaining a clear picture of how your business is performing. This is important for you as a business owner, as well as any other stakeholders or investors. It's also essential for decision-making, including identifying opportunities to improve cash flow or cut costs.Accurate bookkeeping is also essential for staying compliant with the ATO, avoiding fines or penalties.
No, bookkeeping is an additional service for our accounting clients. Our priority is looking after your business accounts and tax as a whole, and bookkeeping is part of that bigger picture.
Our bookkeeping team can work with any of the following cloud-based platforms - Xero, MYOB Business (any web browser version) or QuickBooks Online.Cloud-based accounting software means you, your bookkeeper, and accountant can access your data at any time, from anywhere. They also integrate well with other apps and have many features that make managing your business finances simpler.
Yes, professional bookkeeping helps you avoid costly errors and missed tax deductions. It also frees up your time so you have extra hours to run your business rather than doing admin.
Our bank reconciliation service is a flat rate dependent on your business's turnover.If your annual turnover is under $250k, we charge $140+GST per month.If your annual turnover is over $250k, we charge $175+GST per month.
Our hourly bookkeeping rate is $85+GST.Your monthly fee will depend on the size and complexity of your financial records. For example, transaction volume, the number of bank accounts and credit cards, and whether adjustments are needed for accrued or deferred income or expenditure.We estimate your monthly bookkeeping hours and provide an up-front quote so you know how much you'll be paying. We keep this under review and may need to adjust the number of hours (up or down) as your business changes.
Book a call with one of our team so that we can learn about your business' accounting and bookkeeping requirements. Following the call, we'll provide a quote for the services discussed as well as details of the next steps for coming on board as a client.
We are required by law to have all the necessary Australian Tax Office authorities and anti-money laundering checks completed before we can officially start work as your accountant (this includes any required third parties).Once our onboarding process is complete and we're linked up as your tax agent, we'll send you an email inviting you to book your new client meeting.
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Resources

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