Fremantle Bookkeeping Services

Don’t leave your bookkeeping until it’s too late! With end of financial year for 2009 – 2010 fast approaching, it’s a good idea to get your bookkeeping upto date.

By being ontop of your bookwork, you can have a chat with your accountant and make sure that you have the correct strategies in place to reduce your tax liabilities.

Failing to be prepared can be costly when you come to lodge your tax return after 30 june 2010

As a small business owner in and around Fremantle, there’s many reasons why you should get your bookkeeping upto date before the end of the financial year on 30 June 2010.

Often clients are devastated when they discover how much tax they have to pay because they didn’t get their bookwork upto date and plan for the FYE (financial year end). Leaving it until after 30 June is too late.

We are not tax agents or accounts, but our team of mobile Fremantle bookkeepers can certainly help you get your paperwork upto date so that you can at least have three quarters of the 2009/2010 financial year upto date and ready to visit your accountant before the end of June 2010

Business Activity Statements BAS are due on 2 march 2010 for businesses that report their GST obligations quarterly

With the Christmas holiday period over for many small businesses, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2009) to get your BAS lodged on time.

Maybe the Australian Taxation Office (ATO) does have a heart, after all. Rather than asking for lodgements on 28 January, they automatically give everyone an extension to the BAS lodgements to 28 February. This is, of course, a Sunday. However, the next business day is not Monday, since it’s a public holiday in Western Australia. Thus the Q2 BAS is due on 2 Mrach 2010

However, don’t be fooled by their grace, because there is NO WAY that they’ll consider granting an extension after that date. So you need to ensure that you have your Business Activity Statement lodged by 2 Mrach 2010

If you are struggling with your bookkeeping and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now

You may use MYOB or Quickbooks accounting software – or even some other syatem for your bookwork. We can assist you with any challenges, or even just releave you of the burden of the book-keeping

Our bookkeeping Service has clients in and around Cockburn, Melville, Fremantle, Canning Vale, and South Perth, Western Australia. Contact us here for details

A bookkeeper in Chicago, US has been accused of stealing more than US$500,000 from a spring manufacturing company

Apparently the book-keeper was falsifying invoices as she entered data into the accounting software as an account payable to a legitimate vendor.

The bookkeeping software system allowed the bookeeper to print the cheques in her own name, then she’d change the name on the cheque details recorded in the system

The prosecution also allege that she intercepted bank statements and destroyed copies of the cheques she wrote to herself so that no-one else could discover her book-keeping activities

As MYOB professional partners, we’re authorised to supply MYOB accounting software. We can supply, install, and train our clients to do their bookkeeping using MYOB software.

A client contacted us yesterday asking us to supply them with MYOB Premier Enterprise for their franchise. It’s a “high-end” version of accounting plus – and comes with five single usr licences

This means that you can have five different users – in different locations, all access the one data file. It’s great for retail outlets – maybe a chain of shops linking back to head office.

The clients have a bookkeeper that’s going to come in and do their bookwork. What is surprising is the fact that the bookkeeper did not advise the client that they would need their own server – and possible an IT guy to come and help them get the system set-up.

Clients are looking for more than just a bookkeeper these days. Clients are looking for a bookkeeping service that will actually supply “customer service” – you know, the old fashioned type of service that was not just knowledge. It’s “service with a smile” service with “heart”.

If you want the “wham, bham, thank-you ma’am”, then there’s plenty of cowboy bookkeepers out there who’ll do the work for next to nothing, and more often give you no service, and heaps of headaches, a set of incorrect figures but at least you’ll have not paid much for your bookkeeping fees.

As bookkeepers it seems that we’ve known something that WBC has only just discovered: Clients actually respect and demand REAL customer service.

This amazing fact uncovered by WBC (one of the big four Australian Banks) was revealed by one of their bank tellers whilst we were doing some banking on behalf of one of our Fremantle bookkeeping clients

One wonders how much money was spent by their marketing department to learn that customers actually want to be treated like real people by, wait for it, real people. Read more… »

Business Activity Statements, (June BAS) for business owners reporting quarterly, are due on 28 July 2009 (next week).

For many small business owners and especially for their bookkeepers around Fremantle and Canning Vale, July is always a busy time of year.

With end of financial year reporting, together with reporting of the 01 April to 30 June quarter, businesses that are behind in their paperwork can struggle under extra pressure that they really do not need

Cash flow has certainly tightened up in the economy. As bookkeepers, we’ve seen that invoice payments are being dragged out longer and longer, as suppliers wait to be paid by customers, and service providers wait to be paid by their clients

The phone’s been ringing as desperate business owners in a panic wanting help with their MYOB and Quickbooks files. In most cases, they can simply email us the files and we’ll have a look at their reporting and can generally work out where the problems are within a short time

One lady contacted us after spending two days trying to reconcile her Quickbooks bank accounts. We had a look at her file and solved the problem in 35 minutes. Look at the time and stress she would have saved if she had contacted our bookkeeping company when she first noticed that there was a problem

As a small business owner we encourage you to focus on what you do best, and we’ll do the rest

Desperate phone call from a bookkeeping client in Fremantle: What to do about unpaid accounts? Our professional bookkeeping can help small businesses chase up unpaid accounts. Contact us today for a free quote.

It’s the “good cop” / “bad cop” thing

You know the “good cop” / “bad cop” thing. Get the bookkeeper to get on the phone and chase up those unpaid accounts before it’s too late. As the recession that we had to have deepens, more small businesses will experience bad debts. It even happens at the big end of town.

If you don’t have a handle on your bookkeeping, then you can quickly find that those clients owing you money have nothing left to pay you with. Many operators get caught up in getting the job done, and forget to chase up payments of previous jobs.

Our bookkeeping service can help you keep a closer eye on your unpaid accounts. We can get on the phone for you. We can reconcile your accounts, track all your payments and receipts- and do so many other things to ensure that you have your financials in order.

Don’t get caught in the trap of skimping on your bookkeeping – it can be a false economy to look at saving money by spending so much time on your paperwork. Hand it over to the professionals and focus on what you do best: running your business. Contact us today for a free quote.

Could 80% of BAS forms really be completed incorrectly? Apparently this is the figure that the Australian Taxation Office estimate when reviewing Business Activity Statements.

Are You Paying More GST than You Should?

When you consider that many small business owners around Cockburn, Melville, Fremantle, Canning Vale, and South Perth believe that bookkeeping is an expense, rather than an investment, it is hardly surprising that so many people who have no idea what they are doing complete Business Activity Statements.

Many clients approach our professional contract bookkeeping service because they realise that a mobile bookkeeper can save them heart-ache and stress in getting their paperwork upto date. Contact us today for more information.

Speaking to a client in Canning Vale last week, it transpired that he had absolutely no idea what was involved in running a business from the financial aspects. As long as there was money in his pocket at the end of each week to pay the bills, he was happy.

When the first BAS form arrived on his doorstep he just figured he’d guess what figures went where and hope that it would all sort it self out at the end of the financial year

The crazy thing is, that by having to report quarterly Business Activity Statements, small businesses are being encouraged to record their business activities every three months.

If you leave it all for your accountant at the end of the financial year, then guess what? It’s all too late.

If you’re now faced with a large tax liability after the end of the year, there’s nothing you can do about it. Whereas if you are aware of the situation beforehand, then there maybe avenues that you can follow to reduce your tax liability. We are not registered tax agents and cannot give guidance in such matters, so you need to speak to your accountant.

We’ll look at your bookkeeping and assess your requirements. It’s not uncommon for us to find some major savings for our clients. Contact us today for more information.

Are you struggling to complete your BAS form?

No sooner have we finished lodging BAS for the December Quarter, to find the January – March 2009 Quarter will soon be due. Contact us for HELP

Quarterly BAS
Most businesses submit quarterly, and the 1 January – 31 March 2009 (Quarter 3) BAS is due 28 April 09 for lodgment and payment with the Australian Taxation Office (ATO).

A new client contacted us out of desperation. Struggling to prepare all the documentation for the Business Activity Statement, she could not get the figures to balance.

We suggested she email us the MYOB data file, so that we could get a clearer understanding of where she was at with her bookwork. Contact us for HELP with your BAS

“I had trouble with my MYOB files and contacted Carol and her team and they were just excellent.
They listened and then explained what they could do to help.
Everything was done speedily, efficiently and most of all cost effectively.
They emailed me how to send my files and worked on them that day!
Most of all “they listen” and don’t treat you like a dummy!
It got me out of a potentially tricky situation and literally saved the day!
Thanks Carol.
Liz Bird, Perth WA”

Monthly BAS
If your business submits the (BAS) Business Activity Statement monthly, then 21 March 09 was the due date for lodgement and payment of the February 2009 monthly activity statements

Superannuation Guarantee Contributions
Also on that date are due the Quarter 3 Superannuation guarantee contributions (1 January -31 March) contributions to be made to the fund by this date.

If you are struggling to complete your BAS form, contact our team of Fremantle Bookkeepers for HELP