Sometimes, unfortunately, it’s the same customers, but at least you can keep a close watch on how much they owe you. Your Axia Canning Vale bookkeeper can give you a weekly, fortnightly or monthly “aged receivables” report so you know exactly who is late paying before it becomes a bad debt. Weekly work by your Canning Vale Bookkeeper will ensure your accounting system shows your “true” business financial position. That late paying customer may already have paid but your accounting system may not reflect this yet. Posting payments in MYOB, Xero, QuickBooks, ReckonĮnsuring all payments are entered in promptly gives you a more accurate picture of your outstanding invoices and cash-flow. This improves your cash-flow, your bank account balance and reduces the possibility of bad debts. Your Canning Vale Bookkeeper will either complete this function for you or partially if you have to calculate hours or materials for each invoice (job). The sooner your invoices get out to customers (clients) the sooner you get paid. Know your tax liabilities and avoid fines from the ATOīeing up-to-date and accurate with your books and accounts will avoid ATO fines for incorrect calculation of GST and PAYG withholding tax. It’s easy to over-commit in business so your Canning Vale Bookkeeper can produce monthly cash-flow reports and ensure your sales income (revenue), invoice payments and cash-flow are ahead of your outgoing business expenses and tax liabilities. This gives you a flexible assistant who is familiar with your business whenever you may need them. Get more time for sales and improving your business profitability knowing your “back-office” is being looked after by your Axia Canning Vale MYOB Bookkeeping services.Īlso – if you need to catch-up on other “administration work”, our bookkeeper can spend the odd hour or two helping out. If you are using an accounting system like MYOB, Xero, QuickBooks or Reckon, our experienced bookkeeper team can help you. Being up-to-date with your accounts means less work for your accountant – and hence a lower fee from him/her when they complete your tax return.
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