Gold Coast Bookkeeping

Gold Coast bookkeeping service

Our consultant will visit you at your work place and introduce you to our bookkeeping service. He will discuss with you the exact level of bookkeeping you require and outline the process in detail.

For your initial contact please contactl our Gold Coast bookkeeping service. Our bookkeeping consultants will be happy to talk to you about your business bookkeeping needs.

Gold Coast bookkeeping examples

Client invoice generation
Running a local plumbing business Ron was well known in the area and attracted a lot of work. In fact he was so busy that he had little time for paperwork and tended to leave it until his dwindling bank balance demanded he do something. He then ran around madly writing invoices and chasing immediate payment so he could avoid a phone call from the bank.

Solution:
Our Gold Coast Bookkeeping service can quickly and easily invoice your clients as soon as the job is done. Your clients will then receive the account shortly after the work is finished and you won’t be scratching around at the end of the month for enough cash to pay your accounts on time.


BAS/PAYG/Superannuation/Workers Compensation
Ron had several employees and so had workers compensation and superannuation obligations as well as wages to consider. When he had staff changes this made the process even more complicated particularly as it got closer to lodgement time. Had he calculated everything? PAYG…BAS…superannuation….workers compensation? Some days he would be working in the office all day playing catch up while the paying jobs he should have been concentrating on were left to their own devices.

Solution:
Ron could use our Gold Coast Bookkeeping service to take care of all of this. BAS and PAYG returns set up to be submitted online within the required timeframes published by the ATO. Assistance provided in lodging final PAYG reconciliations at financial year end. Reconciliation of workers compensation annual returns and assistance with submitting quarterly superannuation payments on time to ensure that the guarantee levy is not charged


Job costing
Ron knew the importance of accurate job costing but found it impossible to stay on top of it. The truth was that while he was in the office allocating costs to the various jobs he and his employees were working on, he realised he wasn’t where he really should have been…on site overseeing the jobs in person.

Solution:
Our Gold Coast Bookkeeping service can help by providing the skills necessary to input all costs against individual jobs leaving the business owner free to focus his energy on the jobs themselves.


Maintain inventory records and reporting
Keeping control of inventory particularly for a small business can be a daunting task without proper systems in place. When items go missing so does your profit. Often things are used on a job but somehow don’t always get costed to the job leaving the business owner out of pocket.

Solution:
Qualified Bookkeeping Gold Coast service can establish and maintain an inventory control system for your company. Inventory is entered and then costed to jobs as it is used. A reconciliation process is then run against physical stock takes at regular intervals.


Budget preparation
Allan was a subcontractor in the Gold Coast area and had recently started to get a lot of work from a large national company. The work was very profitable but the national company had a policy of paying its subcontractors at 60 days. This impacted heavily on his cash flow and he needed to approach his bank manager for an overdraft.

Solution:
Use Qualified Gold Coast Bookkeeping service to prepare a budget with cash flow projections to show that within 6 months he will be back in a cash positive position and no longer need the overdraft facility


Preparation of balance sheet and profit and loss statements
Allan’s subcontracting business was growing steadily and he could see a way to drastically improve the efficiency of his business which would almost double his net profit on most jobs. It involved investing heavily in new state of the art equipment which meant he would have to convince the leasing company that he was a sound risk. He knew they would want to see his financials before even considering his proposal.

Solution:
Qualified Gold Coast Bookkeeping service has the experience and expertise to prepare the company’s balance sheet and profit and loss statement enabling a clear and precise financial picture to be presented to the prospective lender(s).