BOOKKEEPING and BAS SERVICES

 

Our dedicated team of professionals is here to streamline your financial operations, ensuring accuracy and compliance in every step. As a registered BAS Agent, we're authorised to expertly prepare and lodge Business and Instalment Activity Statements (BAS & IAS), providing comprehensive advice on all things related to your business from GST, PAYG, Superannuation and much more.

Beyond BAS services, we recognise the pivotal role of quality bookkeeping in the success of any business. Entrust us as your outsourced bookkeeping partner, and we'll maintain the confidentiality, currency, and precision of your businesses financial transactions and records. By joining forces with BOSS, you not only enhance year-end compliance but also free up valuable resources to fuel your business growth.

Our bookkeepers are committed to continuous improvement, ensuring they stay at the forefront of industry knowledge and practices. When you choose BOSS for your bookkeeping needs, you're placing your trust in a dependable and knowledgeable partner. Experience the confidence of having your financial matters managed by a team that's dedicated to your success.


BOOKKEEPING SERVICES

BANK RECONCILIATION

Bank reconciliation is a way to do quality control on your books.

We do this by comparing your business accounts against your bank statements. 

Both sets of records should agree with each other.



If not, its our job to figure out why.









DATA ENTRY

Data entry is the process of recording financial transactions (money coming in and out for the business). 

We watch over these transaction and keep you updated on how viable and profitable your business is doing. 











MONTHLY REPORTS

Monthly reports is the process companies use to ensure all monthly transactions are appropriately recorded without accounting errors. 

Reconciling all accounts

Taking proper inventory

Reviewing petty cash funds

Accurate reporting of incoming cash

Reconciliation of payments to fixed assets 








ACCOUNTS RECEIVABLE

Accounts receivable are invoices owed to you by customers. These are sometimes called receivables, trade debtors, or AR. 

At BOSS our bookkeepers are in charge of receiving or chasing up payments owed to your business, meaning we will talk to your customers who are overdue on their payments to you.











ACCOUNTS PAYABLE

Accounts payable refers to the bills you need to pay. These are at times called payables or AP. 

It might help to think of accounts payable as a bill that your business has not paid yet. At BOSS one of our bookkeepers roles will be to process invoices and pay your bills. 











BANK RECONCILIATION

Bank reconciliation is a way to do quality control on your books.

We do this by comparing your business accounts against your bank statements. 

Both sets of records should agree with each other.



If not, its our job to figure out why.

What is a Bookkeeper

Bookkeeping is the process of recording, analysing and interpreting the financial transactions of a business or individual. At BOSS our bookkeepers aim to go further than this to partner with and educate our clients on their business, systems, operations and results. 


Most importantly our bookkeepers provide you with an important insight into your business' operations and profitability. 

What are the main duties of a bookkeeper?

At BOSS our bookkeepers handle all aspects of bookkeeping and more, including: 


  • Expense tracking
  • Invoicing & receipt management 
  • Data entry
  • EOFY processing
  • General business administrative support
  • Transactional checks & bank reconciliations
  • Accounts payable and receivable 
  • Calculating GST 
  • Online banking
  • Cashflow management 
  • Budgeting
  • Management reports 
  • Keeping up to date with legislative requirements 
  • Profit & loss reporting

What are the benefits of having a bookkeeper?

A key role of a bookkeeper is to take the stress and pressure away from business bookkeeping, allowing individuals to spend more time on what they are passionate about: their business! At BOSS our bookkeepers can help you understand the on going costs of running your business, what your cash flow situation looks like and if your are really making a profit. Here are a few more benefits to hiring a bookkeeper:


  • You can focus more time on operations
  • Improve supplier relations
  • Detailed recording
  • Always compliant with the law
  • Faster business response time
  • Faster financial analysis
  • Easier audits 

What apps / platforms do we work with?

At BOSS we have refined our expertise to excel exclusively with Xero  and Hubdoc, the leading accounting software platforms. While these are our focal points, our capabilities extend far beyond. BOSS is well-versed in a diverse array of industry-specific software, enriching our toolkit to serve you better,including:

  • Hospitality booking: preno, sirvoy, new book, book it
  • Time tracking: deputy, keypay/employment hero, Plan day
  • Construction and Building: ServiceM8, AroFlo, Next Minute
  • Health sector: Halaxy, Nookal

Beyond accounting expertise, we excel in utilising Google Suite Software, including Google Workspace applications, to optimise collaboration and efficiency in your business operations.

Xero App Store

What type of security do we have in place?

Being a cloud based business we take the security and cybersecurity of all internal and client information seriously. We have a number of layers in place to monitor and protect who has access to what information and records of when and how things have been accessed.


With our growing team, we have put these measures into place, as not all members of our team are required to have access to all client information and or logins, therefore you can rest assured that we have the ability to limit internally which team members will be able to access your data. 

BAS SERVICES

Discover the Comprehensive Services of Our BAS Agent:


  • Seamless BAS and IAS Handling: We adeptly prepare and lodge your Business Activity Statement (BAS) and Instalment Activity Statement (IAS) for smooth compliance.
  • Effortless Tax Registration: We're here to simplify tax registrations. Whether it's Goods & Services Tax (GST), Income Tax Instalment PAYG (ITI PAYG), or PAYG withholding, we've got you covered.
  • Swift De-Registration Assistance: Need to de-register your business for GST, PAYG ITI, Luxury car tax, Fuel tax credits, or Wine Equalisation Tax (WET)? Count on us for hassle-free guidance.
  • Enhanced Cash Flow Management: Stay in control of your cash flow. We provide integrated client account statements, offering real-time insights into BAS debt payments.
  • ATO Payment Convenience: Make ATO payments a breeze. We furnish you with easily accessible payment slips, ensuring you have B-pay details readily available.
  • Seamless Payment Summary Annual Report: If you're an employer, we've got your back with the preparation and lodgment of your payment summary annual report.
  • Smooth Deferral Support: Need an extension for BAS lodgment? Let us take care of it. We'll apply for a deferral from the ATO on your behalf.
  • Comprehensive GST Guidance: Tap into our expertise for advice on all matters related to GST, ensuring compliance and optimal decision-making.
  • Error Resolution: If a previous BAS contains errors, we'll meticulously review, revise, and relodge it to rectify any issues.


What is a BAS service?

BAS service is defined in the Tax Agent Services Act 2009 (TASA) as: ascertaining or advising about liabilities, obligations or entitlements of a client under a BAS provision: or, representing a client in their dealings with the commissioner of taxation in relation to a BAS provision

What is the difference between a bookkeeper and a BAS agent?

Bookkeepers are employed to look after the books. They are also able to do many things related to business finances. Registered BAS agents however, are able to represent, advise, or assist their employer with certain matters - Things bookkeepers are not allowed to do. 

What legislation does a BAS agent need to comply with?

Tax agent services legislation 


Tax Agent Services ACT 2009 (TASA) - Establishes the Tax Practitioners Board and provides for the registration and regulation of tax and BAS agents

What is a BAS Lodgement?

A BAS return is a return that GST registrants need to lodge (usually quarterly for small business) to account for: 


The difference between GST Collected (for customers) and GST Paid (to suppliers)

PAYG withheld from employees

What required, an advance on your income tax (called PAYG income tax)

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