Simplifying Bookkeeping Services
Our Bookkeeping Services
At Sheils Bookkeeping Service we take great care in paying attention to the details in providing you a range of bookkeeping services. We look after your bookkeeping needs by using recognised and trusted accounting software including Xero, QBO and MYOB. Using industry standard accounting platforms helps us with efficiencies in our processes and speeds things up for our clients.
We use Hubdoc which is data capturing software integrated with Xero. This helps you find any documents you may be looking for. And assists your accountants to see the documentation if required without having to get you to rummage through boxes of paperwork.
We provide six core bookkeeping services to our clients:
- Accounts Payable
- Accounts Receivable
- BAS Preparation
- Financial Reporting
- Payroll
- Superannuation and WorkCover
Depending on the size and nature of your business, we find some clients may choose to use all of these services, or just some of them. We can also provide training on how to use some of the functionality of our preferred accounting software if you need that in your business.
Accounts Payable
We look after your accounts receivables to ensure you pay your suppliers and creditors.
Accounts Receivable
We streamline your invoicing process and help you get paid the right amount and on time.
BAS Preparation
Our Business Activity Statement preparation gets your GST calculated accurately and on time.
Financial Reporting
We work alongside your accountant to provide financial reporting when required.
Payroll
We look after your payroll. Whether that is completed on a weekly, fortnightly or monthly basis.
Superannuation and Workcover
We take care of sending your superannuation to the correct superannuation provider.
Our Bookkeeping Process
We like to be organised, accurate and efficient when doing your bookkeeping. That is why we have a process from getting you started to keeping your accounts well managed on a regular basis.
Onboarding & Set Up
Identity verification and setting up secure access to your accounting file
Account Analysis
Data analysis and updating files and information
Reconciling and Payments
Reconciling bank accounts, expenses, invoicing and payroll
Reporting
BAS preparation, financial reporting and compliance
The Benefits of Choosing the Right Bookkeeping Services for your Business
Once we’ve had a chat about your bookkeeping needs, we can advise on the most suitable bookkeeping solutions for your business. We aim to save you time, reduce errors and improve your financial processes. The benefits of this include outcomes such as:
- Staff get paid the right amount and on time.
- Superannuation payments are done correctly.
- Customers are invoiced correctly and efficiently.
- Your BAS is done properly each quarter.
- Your bank statements are reconciled correctly.
- You can check expenses, cashflow and financial reports anytime using trusted accounting software.
- Your accountant will love you for being financially organised.
Once your bookkeeping needs are identified, we will send you an engagement letter and request proof of ID, either in person or via a source document verification service.
We then request access to your accounting file or if you don’t have one yet, we will set one up for you and provide you with access. After gaining access we will look at how your file is set up and see how much is involved in getting it up to date, if it isn’t already and we will go from there.
Depending on how often you require bookkeeping, some need more assistance than others, we will be requesting paperwork to assist us in reconciling your bank accounts and making sure if you are registered for GST, you are claiming the correct amount of GST.
Many business owners do not realise the complexity involved in the division of GST components within one bill. But don’t worry, because we are BAS specialists at Sheils Bookkeeping Service.
Book A Discovery Call
You look after your business and we will look after your accounts.
Call us today for your free consultation and discover how we’ll help you get time back.