A bookkeeper manages the day-to-day financial transactions of your business, keeping records accurate and organised.

An accountant takes this information to prepare financial statements, provide insights, and assist with tax planning.

• Accurate Record-Keeping: Ensure all financial transactions, such as sales, expenses, and payroll, are accurately recorded. This is crucial for tax reporting and understanding your business’s financial health.

• Compliance with ATO: Keep up-to-date records for GST, BAS, and PAYG, and ensure timely reporting to the ATO.

• Invoicing and Payments: Maintain clear records of invoices issued and payments received to manage cash flow effectively.

• Payroll Management: Ensure your payroll system is Single Touch Payroll compliant, including superannuation contributions and employee entitlements.

• Financial Reporting: Regularly generate financial reports to track your business’s performance and make informed decisions.

• Software Selection: Use reliable bookkeeping software like QuickBooks to streamline your processes and ensure compliance.

Bookkeeper Tasks:

• Bank reconciliation

• Recording financial transactions

• Managing bank statements

• Processing accounts receivables and payables

• Preparing financial reports

• Collaborating with the business tax accountant to assist with taxation compliance

• Working with business management on some payroll functions and human resource functions

BAS Agent Services include all bookkeeping tasks as well as the following:

• TFN, ABN, and business name registration

• PAYG and GST registration

• Single Touch Payroll (STP) processing

• Superannuation

• Complex budgeting

• Software installation and training

• Preparation and filing of BAS (monthly or quarterly)

• Quarterly reporting and end-of-year reviews

• Taxable payments annual report

• EOFY reporting on STP

A Registered BAS Agent in Australia is a qualified professional who can handle all your bookkeeping responsibilities with added expertise. They must meet strict qualifications set by the Tax Practitioners Board (TPB), adhere to Australian professional standards, complete regular training, and maintain Professional Indemnity Insurance. This insurance protects both the BAS Agent and their clients from liability for any errors or accidents that may occur during their work.

Your bookkeeper takes care of reconciling and recording all business transactions to ensure you:

1) Maintain your record keeping obligations, and

2) Use your figures to make informed decisions about your business finances.

At Book Sense we will collect Bills from you and attach them to the transactions in your accounting software so that your business records are accurate and easy to follow (and avoid piles of receipts in your office or car).

As we begin our journey together, it's important for us to understand your unique needs and the scope of your business.

During the first 2-3 months, we'll charge an hourly rate to ensure we provide the most accurate and tidy service tailored to you, you can expect to pay between $85-$120 per hour for this.

Once we’ve gained a clear understanding and established a reliable system, we can then transition to a simple and predictable monthly fixed price.

If our outsourced bookkeeping services aren't in your budget right now, we can help you get up to speed with QuickBooks.

We charge $135 per hour, for training.

Simply fill out an application form and let us know what you need.

We offer two payment options

1. EFT

2. Direct Debit via GoCardless (surcharge applies)