Bookkeeping Services Using MYOB

Bookkeeping can be a time consuming process. Often it can get in the way of your day to day business activities.

Thistle Recruitment & Consulting can help. We provide professional bookkeeping services for small to medium sized companies using MYOB accounting software.

We can monitor the health of your business and allow you to make sound business decisions.

Our Bookkeeping services include:

• Data entry & reconciliations
• Setup your MYOB Accounting Software
• Bookkeeping, your place or ours
• Management of your debtors & creditors
• Accounts to trial balance
• Administration duties
• Payroll Processing including Single Touch Payroll
• Superannuation
• PAYG Payment Summaries
• Monthly management & department reporting
• Assistance with budgets
• Prepare BAS, IAS for lodgement
• Preparation of Annual Reports for Accountant

Our commitment to you:

• Accurate, on time & reliable service
• Friendly & approachable staff
• Competitive, affordable rates
• Easy to understand reports
• All information will be kept confidential

Benefits of our service:

• Registered BAS agent, Member of Australian Bookkeepers Association.
• Over 20 years accounting experience.
• You can relax, knowing your accounts are in professional hands
• Will allow you to make comprehensive policy-making and planning decisions.
• Allows you the time to handle the day to day running of your business.

Signs you need to hire a bookkeeper:

• You have irregular invoicing schedule.
• Your books are never up to date.
• Your sales are up but cash is not.
• Your bookkeeping takes you away from more important tasks.
• You are not sure if the business is doing well or not.
• Your tax obligations and other compliances have missed the due date or are getting complicated.
• Give us a call on 9437 5942 for a FREE consultation.

Testimonials – Comments from our clients

• ‘Paul has been our Bookkeeper since 2007. We have found him to be punctual, trustworthy and competent in all areas of BAS services work. We would recommend him to businesses seeking a qualified Bookkeeper’ Patricia, May 2015.
• ‘We have found Paul to be extremely competent in all aspects of Bookkeeping & BAS Agent services and would recommend him to other clients looking for a bookkeeper’ Kerry, February 2019.

Contact us if you would like to enquire about our bookkeeping services.

 

Useful References

Upcoming Bookkeeping Deadlines

 

Business Activity Statements –

Monthly reporting: 21 days after the end of the month

Quarterly reporting: 28 days after the end of the quarter

Superannuation –

28 days after the end of the month or quarter, depending on the fund

PAYG Withholding Tax –

Monthly reporting: due 21 days after the end of the month

Quarterly reporting: due 28 days after the end of the quarter

5 Reasons to Consider Using MYOB Accounting Software

Every business has an accounting method no matter how disorganised. If you are like a lot of small business owners, you are likely to have a manual system (using Excel for example); but, while using spreadsheets may seem simpler to you because you are used to it, it is not always best. In fact, it is neither easier nor more efficient than using a computerised system such as MYOB, so it may be time to rethink how you do accounts.

5 Reasons to Switch to MYOB

MYOB or (Mind Your Own Business) is a computerised accounting package that gives you the ability to handle your business finances like a professional. The benefits are many and once you use the program correctly you should start reaping them immediately. Additionally, using this (or another) computerised system can help you cut the cost of bookkeeping or accounting outsourcing fees.

1) Faster input: Manual entries can be more time consuming. This is especially so when you have to be creating headings or labels as you go alone. As a matter of fact, manual systems can require multiple entries per transaction and are likely to be more complex. The more complex the system the more time it will take.

2) Greater cost cutting: A computerised accounting package like MYOB offers up-to-date, accurate and easy to access financial information. This means that audit and accounting expenses will be much less than they are likely to be with a complex manual system that only you can readily understand

3) Makes GST filing easier: Having all the information compiled makes running any report you need easy. Plus, programs like MYOB automatically create the figures you will need to file a normal GST return. This saves you from having to sift through multiple sheets attempting to extract details.

4) Quick access to management information:  The state of your business finances is important because it will help you plan for the future as well as make wise decisions in the present. This means that being able to study things like your business’ cash flow, sales records and order invoices is important as well. Using a program like MYOB makes generating reports and invoices easy, so you do not waste time extracting and sifting through data in order to run reports.

5) Improved accuracy: Having less areas to fill in means you are less likely to make errors that can cost you time and money. This is so because these types of software often require just one figure for each transaction. This makes it easier to keep track of the task as well as to double check entries.

The list of benefits to a program such as MYOB is far longer, but the main point is clear. These programs save you time and money, make your work easier, as well as help you to be more efficient. Luckily, a bookkeeper can help you get started on structuring your company finances and can show you how to maintain the order you achieve through your computerised accounting program.

 

Single Touch Payroll

Single Touch Payroll (STP) is a change to the way you report your employees’ tax and super information to the ATO.

From 1 July 2019, every time you pay your employees you’ll need to report the following through an STP-ready solution:

• salaries and wages
• pay as you go (PAYG) withholding
• super information.

You can also get a third party – like a payroll service provider or a registered BAS Agent – to report for you if they’re using an STP-ready solution.

What’s changing?

• You will be reporting salary and wages, PAYG withholding and super information to the ATO at the same time you pay your employees.
• You won’t need to give your employees a payment summary at the end of the financial year for the information you report through STP.
• Your employees will be able to see their year-to-date and end-of-year tax and super information in their ATO online account linked to myGov.

We are here to guide you through all aspects of STP. For more information please call our experienced BAS Agent, Paul Gibson on 9437 5942.

 

Useful Links

Small Business Centre Fremantle & Rockingham

www.businessfoundationsinc.com.au