Bookkeeping Services Gold Coast

YOUR CUSTOMISED PACKAGE MAY
INCLUDE SOME OR ALL OF THESE SERVICES

BOOKKEEPING SERVICES

Our customised bookkeeping and management accounting services will help you gain a better understanding of your business, take control or your business profits, set targets for growth, and thrive in a competitive market.

BOOK A COMPLIMENTARY CONSULTATION

SUGGESTED PACKAGES

We will never put you in a box…but here are some suggested services you may need at different stages of your business.

Determine cause of the problem which is driving need for rescue
Isolate cause/s of problem
Discuss possible remedy processes
Substantiate & document necessary changes
Establish last known date of system accuracy
Implement system changes as needed
Bring ledger into line from accuracy date onwards
Adjust & relodge reports as necessary
Adjust payroll and super where necessary
Work with tax accountant for ATO adjustments
Continue with services or train and monitor staff as required by owner

Bank feed &/or Manual Data Entry
Bank reconciliation
Business Progress Reports
Quarterly BAS/IAS Lodgements
Prepare accounts to Tax Prep Stage for your Tax Accountant to lodge Annual Tax Returns

Bank feed
Bank reconciliation
Invoicing
Budget & Cash Flow
Payroll
Superannuation lodgement
Management Accounting Reports
Quarterly BAS/IAS Lodgements
Prepare accounts to Tax Prep Stage for your Tax Accountant to lodge Annual Tax Returns

Bank feed
Bank reconciliation
Invoicing
Debtors/Creditor Management
Budget & Cash Flow
Inventory & Stock Control
Payroll
Superannuation lodgement
Asset Management
Management Accounting Reports
Quarterly BAS/IAS Lodgements
Prepare accounts to Tax Prep Stage for your Tax Accountant to lodge Annual Tax Returns

BOOK A COMPLIMENTARY CONSULTATION

FULL CUSTOMISED SERVICES

YOUR BUSINESS REQUIREMENTS:

With a customised service solution designed to satisfy your exact business requirements and objectives, we can fulfill your bookkeeping and management accounting needs in a practical and affordable manner. Whether you’re a fledgling business or a large scale enterprise, our team can call upon their wealth of experience and expertise to provide you with first class services.

YOUR BUSINESS REQUIREMENTS:

Sole Trader
Partnership
Associations
Company
Trusts

YOUR BUSINESS SOFTWARE:

Xero
MYOB
Quickbooks
Others on request

BOOK A COMPLIMENTARY CONSULTATION

COMPLETE BOOKKEEPING SERVICES

It’s a familiar story; an Australian business wants to save money, prefers to keep everything in-house, and so opts to take a DIY approach to bookkeeping and management accounting. Unfortunately, this decision could end up causing more trouble and significant costs in the long run.
Imagine that constant worry of knowing that you just don’t have control of your business and the realisation that this is stopping you from growing your business as you know you can?

This is where Cash Ways Bookkeeping Services comes in. Depending on your business needs and future plans, we can provide basic services, specific services, or a full bookkeeping, management accounting service tailored to your business. Cash Ways brings extensive experience and skills to work with your organisation that you just can’t find through a “bookkeeper wanted” employment advert. Correctly documented and collated data, well managed cashflows, payroll solutions, customised management accounting reports, and more, are all achieved with the utmost expertise and professionalism.
We deliver supreme peace of mind, the likes of which simply cannot be achieved by going it alone; the peace of mind of knowing that everything is being taken care of and handled in a professional manner and meeting compliance deadlines and obligations.

Our full bookkeeping and management accounting service will help your business make money and optimise profits for the future.
Get in touch for a complementary consultation or call us today to get all your bookkeeping and management accounting needs covered.

NOTE: We do not do Income Tax work but we will prepare your bookkeeping to tax prep stage ready to hand to your tax accountant in required format reports

Call now for a complimentary 30 minutes consultation

ACCOUNTS RECEIVABLE AND PAYABLE

At Cash Ways Bookkeeping Services we can relieve you of wasting your valuable time sifting through your accounts helping you achieve an in-depth understanding of your business and its finances which are delivered directly to you.

Accounts payable (bills and payments)
Accounts receivables (invoices and collection)
Daily General ledger maintenance
Time tracking & job cost reporting
Expense classification
Reconciliations – Bank accounts, Credit card, PayPal and general
Inventory management
Foreign banking management
Fixed asset management – set up of assets within the accounting program
Coordinating with your CPA or tax adviser
Audit prep and support for audit and tax queries
Scan for accounting errors
Check for automatic credits or debts not in your ledger
Resolve discrepancies using detailed checking processes
Set up of invoice templates for different invoicing purposes
Prepare and send customer invoices including automated follow up reminders
Some accounting packages allow for bill payments to be made directly from the program itself (e.g. Xero). We can assist in the set-up of this and preparation of batch payments – a huge time-saver.
Monitoring cash payments and cash receipts for budget and cashflow purposes.
Manual entry, if necessary, for cash payments and receipts and transition to automated procedures.
Periodic checks on debtor and creditor balances for any irregularities and possible staff fraudulent activity.
Inventory/stock control – depending on the accounting program and add-ons, we can assist in controlling and monitoring inventory levels which support customer and supplier software modules.
Correspondence with suppliers & customers when needed – any matters arising with customers or suppliers can be dealt with by us if needed
Manual adjustments where needed

Keeping track of Accounts Payable and Accounts Receivable with expert bookkeeping services not only assists you in knowing who owes you money – and who you owe money to – it can boost your business profits ensuring you always know where your business stands financially.

BAS, IAS, AND SUPER

BAS and PAYG compliance

Do you dread BAS time?

Ensuring that everything is in order with the ATO is a perennial worry for Australian business owners. Did my BAS get lodged in time? Did I pay the full Goods and Services Tax due? Was all the documentation I submitted filled out correctly?

No one wants to get hit with a hefty fine from the tax office which is why utilising the services of a third-party BAS services provider can be a vital tool to help meet your BAS and PAYG compliance requirements.

Business Activity Statements (BAS) and Instalment Activity Statements (IAS) can be extremely stressful to prepare if you don’t plan properly for it (in both time and cashflow) and you don’t really know what you’re doing. Ease your BAS burdens by having your BAS professionally prepared by the bookkeepers at Cash Ways Bookkeeping Services. Our fully accredited bookkeepers will prepare your BAS statements in conjunction with working with your Accounts Receivable and Accounts Payable modules and general ledger. Or, if you are only looking for a BAS form prep and submission service, we will not treat this as just a data processing service. We bring our skills and experience to bear on the documents we receive, scrutinising the accuracy of the BAS and supporting documents so that correct figures are submitted.

Here are some of the checks we will do:

Checking Audit Reports of Business Activity Statements or Instalment Activity Statements
GST confirmation (running various financial reports to confirm audit of figures)
PAYG confirmation for wages and business tax prepayments (running various financial reports to confirm audit of figures)
Lodgement of BAS/IAS Monthly/Quarterly as required

Cash Ways can also help make BAS time more manageable by giving your business a customised Business Accounting Software Solution – such as Xero, QuickBooks, or MYOB – that allows you to easily retrieve and manipulate your business’s financial information when you need it for BAS prep.

We can use our experience to plan out your BAS before it is lodged, giving you the best strategy to pay for your business expenses for the financial year. Directors fees, bonuses, additional wages; all of these are examined helping to keep you fully BAS compliant and able to meet your financial deadlines.

Superannuation compliance

Along with planning for BAS, submission and payment of superannuation figures is usually done on a quarterly or monthly basis in conjunction with BAS as your business chooses and as advised by your tax accountant. Submission of super forms can be problematic and cause stress to you and staff as well as financial stress if not planned for in budgets and cashflow.

To get started, and to benefit from our BAS services, get in touch with our skilled and friendly team today!

Call now for a complimentary 30 minutes consultation

PAYROLL SERVICES

Payroll and superannuation services for your business can be incredibly complex and needs experienced people to set things up properly. Using Cash Ways accredited business bookkeepers to set up your business payroll and superannuation processes, including the new Single Touch Payroll (STP), will streamline and optimize your business payroll without having to employ a dedicated payroll officer. Cash Ways can set up and/or administer these tasks for you and offer these services:

Setup Payroll System
Setup Superannuation Clearing House access
Setup Single Touch Payroll
Process payroll – weekly, fortnightly, or monthly as required
Process STP with the ATO and Superannuation payments through super clearing house
Setup new employees, including lodgement of TFN declarations and nominated superannuation documents
Payslips and PAYG Payment Summaries sent to staff
Superannuation paid directly through accounting package were possible or set up through clearing house lodgements and flat-file uploads.
Wage and super reconciliation for end of year ATO employee reporting
Leave accruals for holiday and sick leave etc
Termination of employment when necessary
PAYG summary statements / STP lodgement of periodic pays sent to the ATO
Inclusion of PAYG payments on quarterly basis through BAS.

Our qualified bookkeepers will provide timely PAYG and superannuation liability reports combined with budgeting and cashflow reports to help ensure that you meet your PAYG and super financial responsibilities. “Payroll solutions specifically created for your business means payroll headaches are eliminated!”

As any business owner knows, payroll processing services are a little more complicated than simply giving your employees the money they are due each month. We offer efficient and effective payroll solutions, using our comprehensive experience in many industries to manage bonuses, ensure tax compliance, deliver employee benefits, keep track of salary fluctuations, and much more, with professionalism and skill.

By using Cash Ways payroll services, you will be saving yourself from some of the following headaches:

Compliance with Fair Work and National Employment Standards (NES)
Unravelling and selecting the right awards and rates
Calculating the correct amount of leave a staff member has accumulated
Superannuation
Dealing with Workers Compensation forms for workers
Tax payable on payroll where necessary

Payroll bookkeeping must go above and beyond; it should make life easier, not harder, and it should ensure that all your employees get paid the right amount at the right time. What’s more, businesses need to be tax compliant. Fall foul of the tax man and those few dollars you save today will turn into several thousand dollars heading in the other direction when the ATO collects its due.

Do you really want to have to worry about this? Wouldn’t you prefer all of this to be taken care of by a reliable third-party bookkeeping solution? Call our team today and get your payroll services taken care of.

MANAGEMENT & ACCOUNTING REPORTS

At Cash Ways Bookkeeping Services we work with you to create structured financial statements that can be used by progressive small to medium-sized businesses to provide an accurate snapshot of the organisation’s financial position and profitability at any given time. Customised reports analysing income and cost drivers and identifying problem areas of your business can be invaluable when aiming for growth and scalability of your business.

Management Reports – giving business owners and management an easy to understand snapshot of relevant financial information.
A Profit and Loss Statement outlines an organisation’s income, expenses and profit over a certain period of time. Comparing actual figures to budgeted figures for the same period of time will help identify unforeseen problems.
A Balance Sheet outlines the current financial position of your as of a specific point in time. The Balance Sheet shows what an entity owns (assets) and how much it owes (liabilities), as well as the amount invested in the business (equity).
Ratio analysis of these financial reports can be used to determine where the business is working well or not and where problems lie for future operations.
Budget preparation and end of year analysis against actual figures.
Cash flow forecasts for identifying possible problems resulting from insufficient funds and flagging timelines for sourcing extra business funding.
Cash Flow Statement – shows where a business’ cash is being generated (cash inflows from activity sources), and where its cash is being spent (cash outflows from activity sources and cost drivers), over a specific period of time (usually quarterly and annually).
Accounts Receivable Aging
Accounts Payable Aging
Custom reporting

Call now for a complimentary 30 minutes consultation

RESCUE WORK, SOFTWARE SET UP, & TRAINING

RESCUE WORK

Have you fallen behind with your bookkeeping? As a business owner life can be demanding and time can fly past very quickly. You can easily find yourself with a backlog of paperwork and financial due dates looming. Let us help you get back in control. Get on top bookkeeping offer priority ‘rescue’ work to bring you up to date as quickly as possible and remove the fear and stress associated with the uncertainty and get you back in control of your accounts and financial situation.

As each rescue job is different, during our initial consultation with you we will review your records which will allow us to determine what work is required to get your bookkeeping up to date. From there we can then discuss how long it will take and what costs are involved.

Rescue package suitable for businesses requiring:

A backlog of work to be processed into a new accounting software.
Exceeding 3 months or more of data entry work into your current accounting software.
Tidy accounting software file.
Reviewing current systems and processes.
Assistance with overdue BAS and tax lodgements.
Reconcile payroll obligations.

SOFTWARE SET UP

Cash Ways Bookkeeping Services will provide full service of setting up a cloud accounting software tailored to your system. This part of our service is not only for start-up businesses but also businesses wishing to switch their accounting software to a versatile and time saving cloud-based software.

Initial set up of accounting software where needed (Xero, MYOB, QuickBooks etc).
Conversion from one accounting software to the other where needed. This includes accounts list, transfer of balance sheet figures, customer records, inventory, payroll figures and P&L and Balance sheet figures if mid tax year etc.
Cleaning up old files where needed before transition is instigated.

TRAINING

Need training for you and your staff? Cash Ways Bookkeeping Services can hold group and/or one-on-one training so you can be sure that you’re getting all that you can out of your accounting software. Cash Ways can create tailor-made video instructions to suit your business accounting needs and can personally train you and your staff in all bookkeeping tasks including:

How to create an invoice and email directly to your customers.
Allocate payments received.
Create statements for customers.
Keep track of unpaid invoices
How to set up suppliers and enter purchases.
How to allocate payments made against the correct invoice.
How to pay a bulk number of suppliers in one upload to the bank.
How to email a remittance advice to your supplier letting them know you have paid.
How to track money spent without having to enter in every supplier invoice in detail.
Credit card payments – how to keep track of credit card purchases and charges.
Bank and/or credit card reconciliations – how to complete a reconciliation to ensure that all income and expenses are recorded, and nothing has been missed. This is something that your accountant will want at the end of the financial year.
How to set up an employee, pay categories, allowances, entitlements, and superannuation.
How to process a timesheet.
How to make sure you are using the correct tax tables.
How to upload a group of employees pays to the bank in one go.
How to track holiday and sick leave entitlements.
How to track your superannuation obligations.
How to email payslips to your employee.
How to produce payment summaries at the end of financial year.
How to enter new stock items.
How to set up stock alerts.
How to create a purchase order to a supplier at the click of a button.
How to create a sales invoice that will link into your stock items ensuring that the stock levels are accurate.
How to create a stock take sheet.
Create a job list which helps you track income and expenses along with reimbursables for each individual job.
How to set a budget for each job.
How to print a profit and loss for each job to see if you are running on budget.

SUGGESTED PACKAGES

Stressed Out

Are you in need of rescue? We understand how frustrating it can be to know there is a problem which is causing massive stress and anguish but you have no idea how to fix it or where/how to get help. That’s when the hair-pulling starts.

If you spoke to your tax accountant, you would quickly find that they are really not interested in the day to day transactions that run your business. And they don’t have the time to sit and listen to you to determine what your problems are in your processing system and how to fix things.

The longer you leave the problem go uncorrected, the more it becomes a bigger problem. Not dealing with these problems can mean the success or failure of your business and we’re sure you didn’t go into business with the aim of failing!

So, take your first positive action to rescue your business today and talk to Cash Ways in our 30 minute complimentary consultation (Phone: 0423 553 044) or contact us. We guarantee It’s the fastest way to stop pulling your hair out.

Untangle the mess now!

START UP

If you are a start-up business just getting your business going, or your business is just starting to make some headway, Cash Ways Bookkeeping Services will tailor our services to meet your needs.

We understand that money is scare in these early days of start-up businesses but it’s important to understand that this is also a crucial time for “getting it right”. This means that you will save time, hassle, and money in the long run by outsourcing your bookkeeping needs so your system deals accurately with your business processes right from the start.

Having good management accounting reports right from the start means you will have control over your bookkeeping system which will enable you to establish cashflow projections and set goals for business improvement. Outsourcing your bookkeeping from the start will enable you to focus solely on acquiring customers and maintaining good customer relationships.

Cash Ways are flexible in how we deliver our services to you and we are also flexible in what services we deliver to you. We will help you determine the best use of our services in your business to get the best outcomes for the stage you are at in your business.

Ramp Up

Have you got your business off the ground and you’re ready to take that next big leap into ramping up your business? Ramping up a business too quickly without adequate pre-planning is a dangerous business tactic. It may sound silly, but many businesses have failed because they had too many customers! These businesses end up invoicing their customers many weeks after the work was actually done. They believe that it’s better to service a new customer than to spend time doing up invoices for current customers.

This is because the business needs to keep putting more and more money into buying stock to keep up with demand and more sales and delivery staff. But the usual collection cycle for 30 days customer accounts means you don’t have the money you need to buy new stock. You have more and more customers owing you money which means you’re effectively acting like a credit card service to your customers.

You need good control over your inventory levels, customer collection times, and cashflow projections. A remedy may be as simple as getting your invoices out more quickly and providing payment options for your customers to click-through their on-line invoices and pay online.
No business plans to fail but without adequate and necessary forward planning your business is likely to fail even though you have more customers than you ever had!

Cash Ways will help you define your goals and create measurement tools and bookkeeping practices that will support your growth plans. We will help you determine the best use of our services in your business to get the best outcomes for the stage you are at in your business.

Take Off

Congratulations! You’re ready for that really big step where you’re looking for growth and scalability! Good bookkeeping processes and systems are essential to support and control that growth burst so you and your staff are not overwhelmed by volume, complexity, or demands for increased customer access to you and your sales staff. Cash Ways will help you develop measurement tools for goal setting and analysis of success or otherwise of your actions.

Cashflow projections and budgeting, including “what-if” analysis of possibilities, will help you to choose an appropriate path to reach your goals faster.

Your first step towards greater profitability is to talk to Cash Ways in our 30 minute complimentary consultation (Phone: 0423 553 044) or contact us. You won’t know what your business is truly able to achieve until you give it a go!

What package is right for my business?

It may be over-whelming at times to determine just what your business needs for its current stage of operations and where you want it to go. That’s where a conversation with Cash Ways will help you determine the best services for your business.

Your next big business decision is whether you will call us for a chat (Ph: 0423 553 044) or set a calendar date through our Contact Us page to reserve your 30 minute complimentary consultation.

Call now for a complimentary 30 minutes consultation

NOTE: We do not do Income Tax work but we will prepare your bookkeeping to tax prep stage ready to hand to your tax accountant in required format reports.

Important: The material and contents provided in the information above are informative in nature only. The information supplied relates exclusively to generalized situations and should not be applied to any other situation. They are not intended to be advice and you should not act specifically on the basis of this information alone. Cash Ways Bookkeeping Services are not registered tax agents or lawyers and cannot provide advice on income tax or legal issues especially for individual businesses which will have unique and specific circumstances. If expert assistance is required, professional advice should be obtained from your registered tax agent and/or professional legal adviser.

YOUR CUSTOMISED PACKAGE MAY INCLUDE SOME OR ALL OF THESE SERVICES