Qualified Bookkeeping

Bookkeeping for your business

Knee deep in paperwork?

Your bills, invoices and receipts need to be organised?

You've just finished work for the day but you can't relax....there's still that mountain of bookkeeping paperwork you've been meaning to get to for weeks and with your BAS due you know you'll be burning the midnight oil....again.

Business seems to be going well but you haven't seen a profit & loss report since your accountant did your tax last year! Maybe the bank manager phoned & wants to call in for a chat next week. You'd love to be able to show him how well you're doing but you're so far behind with the bookkeeping paperwork you're not even sure yourself.

Let us help you ! Contact us for a no obligation 1 hour free initial bookkeeping consultation.

Qualified Bookkeeping offers a professional, reliable and accurate bookkeeping service, for businesses from Brisbane to the Gold Coast. Read more about Brisbane bookkeeping and Gold Coast bookkeeping services offered by our company.

What is bookkeeping ?

In the normal course of business, a document is produced each time a transaction occurs. Sales and purchases usually have invoices or receipts. Deposit slips are produced when deposits are made to a bank account. Cheques are written to pay money out of the account. Bookkeeping involves recording the details of all of these documents into multi-column journals. For example, all credit sales are recorded in the Sales Journal, all Cash Payments are recorded in the Cash Payments Journal.

After a certain period, typically a month, the columns in each journal are each totalled to give a summary for the period. These journal summaries are then transferred to their respective accounts in the ledger. The process of transferring summaries or individual transactions to the ledger is called Posting. Once the posting process is complete, accounts undergo balancing which is simply a process to arrive at the balance of the account.

How does a bookkeeping service work ?.

Two common bookkeeping systems used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system.
Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a revenue and expense journal.

Double-entry bookkeeping is an accounting technique which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts.

For example, if a business buys a packet of envelopes, even though there is a single purchase, the transaction results in two accounts in the bookkeeping system being affected. The cash account balance would be reduced to show the outflow resulting by making the purchase and the stationery account would be increased to show that money has been spent in this category.

Why chose Qualified Bookkeeping for your business ?

Your business needs more than just a bookkeeper. Your business needs Qualified Bookkeeping, a business with years of experience, providing professional and accurate service. At Qualified Bookkeeping we guarantee all our work. Qualified Bookkeeping will help you organise your business paperwork and make sure all your transactions are properly documented. This will enable you to see all your sales and expenses and get an accurate picture of how well your business is doing.