Kim’s A-Counting can manage all of your bookkeeping requirements – when and how you need it
Our Services
ATO compliance
Preparation of Business Activity Statements (BAS)
Preparation of Instalment Activity Statements (IAS)
BAS Details
Establish Pay As You Go (PAYG) Instalments
Online Lodgements
Liaising with your Accountant
If you are a business registered for GST you need to lodge a business activity statement. Your BAS helps you report your Goods and Services Tax (GST), Pay as you go instalments (PAYG) and other taxes.
You can choose to register for GST at any time, however you must register for GST when your business has a gross income of $75,000.00 or more, or $150,000 for Not For Profits. If you are not registered for GST, we will check your turnover each lodgement to see if you have or are likely to reach the threshold.
For any BAS lodgement, Kim’s A-Counting has implemented the three R’s – Review, Reconcile, Report.
As BAS Agents, we get an extra four weeks to lodge your BAS and we have an On Time Guarantee so you will never receive a late fee*.
*Provided that all requested documents are received when requested
Payroll services
Processing Payroll
Single Touch Payroll
Superannuation
Work Cover
End of Year Finalisation
Entitlements Reporting
Termination of Employees
Single Touch Payroll (STP) is the new way of reporting tax and super to the ATO on the day the payroll is processed. As BAS Agents and Bookkeepers, it is our job to keep up with the changes to STP and the changes to the reporting required.
You have an obligation to your staff to get their pay right, every time. We can manage all of your payroll needs ensuring accuracy and compliance with the ATO and the Fair Work Act 2009. We are able to work with the processes you already have in place, or provide you with advice on another system that may work to benefit your business.
Do you think that there is an error, or an employee’s leave accrual doesn’t look right? We can review the data and provide assistance in correcting any errors.
New Business / Software Set Up
Installation of accounting software, if required
Customise accounting software to your business
Set up your company file
Training on software, if required
Business owners don’t always know what type of software is best for them or how to customise it to their specific requirements. We help clients in setting up and operating advanced accounting software for every need.
Kim’s A-Counting primarily recommends MYOB or Xero, two programs well known in the industry for offering superior accounting solutions, but can work with all cloud based and desk based accounting programs.
Whether you are in retail, manufacturing or a service business we will work with you to help you get the very best out of your software and achieve maximum efficiency.
The more efficient you are, the more time you have to grow your business.
Budgeting and Reporting
Profit and Loss Statements
Establishing Budgets
Understand your turnover and cashflow
Budgeting is essential in any business plan, enabling you to set financial targets and meet them. Before making any big business decision, Kim’s A-Counting can help you to understand your cash flow, and to help establish a realistic budget.
These are the most common questions to ask in a business that Kim’s A-Counting can help you answer:
Which part of your business generates the most profit?
What is the immediate and long-term effect on cash flow of taking on another employee, or buying another vehicle, or leasing a piece of machinery?
What is the up-to-date position with your debtors (they owe you!) or, for that matter, your creditors?
Will you have enough cash to pay all of your expenses every month?
Data Entry and Account Reconciliations
A/C Payable
A/C Receivable
General Journal Entries
Spend and Receive Money
Recording Bank Transactions
Year End Adjustments as instructed by your Accountant
We understand that every business handles a number of financial transactions every day and very few business owners enjoy day to day bookkeeping, but it is a vital part of running any business. Without accurate data entry, it is harder to manage your finances. It can affect profitability and may lead to inaccurate tax submissions.
At Kim’s A-Counting, we can look after the day-to-day bookkeeping tasks for you.
WE WOULD LOVE TO CUSTOMISE A BOOKKEEPING SOLUTION FOR YOU