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Well Balanced Bookkeeping is ready to to meet your bookkeeping needs
The Well Balanced Bookkeeping team has experience with everything from initial business setup, including ATO compliance and business registrations, to management of ongoing financial reporting, BAS, payroll including STP, and eveything in between.
Our team is familiar with a wide variety of accounting software, and always willing to jump in to anything new as well.
Empowering your finances
We can provide simple or detailed reports on a regular basis that helps you stay in control of your business with the right information to make important financial decisions.
Well Balanced Bookkeeping is offering a free 30 minute consultation to evaluate the current condition of practices in place, as well as the 'health' of your current records. Once we have an idea of your current situation and the services that would be suitable for your business we can tailor a package that suits your individual needs.
Our custom plans can include any of the following;
Business Activity Statements (BAS)
Instalment Activity Statements (IAS)
Taxable Payments Annual Report (TPAR)
Payroll and Single Touch Payroll (STP)
Superannuation payments
Accounting software setup and training
Accounts Payable and Receivable
Bank, supplier and customer reconciliations
Data Entry
General office and administrative tasks
Record keeping and archiving
Are your records behind or in a mess?
Well Balanced Bookkeeping has a special rescue service which starts with a more comprehensive 2 hour consultation.
When running a small or medium business it's easy to get behind with your paperwork. This mess can become extremely stressful, and unfortunately the longer you leave it the more pressure it creates.
It's amazing how much better it feels to clear that worry from your mind so you can focus on your business not your books!
During this consult we will identify areas of concern, as well as the condition of your records, and create a plan to get you up to date and easy to maintain.
We can jump in, take that headache away, and get you up to date.
Book now for a rescue service consult for only $250 (+ GST)
Business Activity Statement (BAS)
If your business is registered for GST you are required to lodge a business activity statement, either quarterly or monthly, to report your GST, PAYG instalments and PAYG withholding tax.
To offer BAS services for a fee, your bookkeeper must be registered with the Tax Practitioners Board. As a registered BAS Agent, Jennifer (Jenny) is able to provide these services.
Instalment Activity Statement (IAS)
We can also lodge your IAS. This is the form medium withholders use when PAYG withholding tax is required to be lodged and paid monthly, along with their quarterly BAS.
Taxable Payment Annual Report
Businesses that make payments to contractors may need to report these payments to the ATO and lodge a TPAR, we can make this an easy process and lodge on your behalf.
Payroll and Single Touch Payroll
Payroll is a time consuming task for most businesses to process regularly. We offer full payroll services to take that burden out of your schedule. Reporting laws in Australia have changed over the last few years, and STP is now a requirement for reporting your employees payroll information each time you pay them. We have everything set up and up to date to meet your reporting needs.
Superannuation Payments
An important part of accurate payroll procedures includes keeping up to date with employees superannuation entitlements. We are able to upload or lodge your Superannuation Guarantee Contributions (SGC) on time to avoid the costly exercise of lodging late contributions and payments.
Accounts Payable and Receivable
Our team can efficiently handle your debtors and creditors. From receiving invoices and recording in your accounts, or import where integrated with other compatible software, to liasing with suppliers when necessary, supplier account reconciliations and payment processing when due. Receivables- entering or creating customer invoices, contact as required, initial stages of debt collection.
Bank Reconciliations
Depending on your software and bank accounts we can securely import transactions from your bank accounts to check and add to your accounting software which can then be reconciled for up to date and accurate reflection of your current balances. If importing isn't an option we enter transactions manually and liase with our clients for necessary documentation.
Data Entry
We offer general data entry services for clients that have paperwork they don't want to deal with. We transfer data from the paper formats into computer files or data base systems. The transfer of data can be done manually or using scanners and integrated software apps. We enter the customer or supplier information and verfiy against source documents at different stages during the process.
Record Keeping and Archiving
The ATO requires general financial records to be kept for a minimum of 5 years, and wage and employee general records are required to be kept for 7 years. In both cases there are some exceptions to these time frames. We can help you to make sure you keep the right records for the necessary time, and work with you to create storage and archiving solutions.
Accounting Software Setup and Training
As a QBO Certified Pro Advisor, and MYOB Partner, we offer packages to get you set up correctly in your new (or existing) software as well as provide training to you or your staff who may have access. By using best practice systems we help your business have systems in place for data entry so that everyone does everything the same way and regular checks for BAS etc are able to identify errors easily, which can save a lot of time (and money) when lodgements are due.
