Get expert bookkeeping services in Melbourne with Bright Bookkeeping!
Bookkeeping involves the recording of financial transactions. Transactions include purchases, sales, receipts, and payments by an individual or organisation. It is a legal requirement to record all financial transactions for a period of at least 5 years from the date that the documents were prepared or obtained, or the transaction completed, whichever occurs at the latest.
Being compliant on this front can be a very time-consuming process and causes many headaches for small and medium businesses.
We can help you to get your books RIGHT by providing bookkeeping services that will free your time so that you can focus on growing your business.
Our Melbourne Bookkeeping Services include:
- Day-to-Day Bookkeeping – We can record & process your daily financial transactions from scratch based on invoices, bills, and bank statements, keeping you up to date and on track.
- Bank, Credit Card & Loan Account Reconciliations – Compare your internal records with bank statements to identify and rectify any discrepancies.
- Accounts Receivable – We can prepare and send invoices for your clients and keep track of all clients’ payments. We also provide you with regular reporting so that you can see where things are at. Moreover, we can chase payments from your clients via friendly reminder emails and calls.
- Accounts Payable – We can manage all your accounts payable functions by receiving bills directly from your suppliers, setup online payments from your bank account, and reconcile suppliers’ accounts to make sure they are paid on time. You will always be able to see how much you owe.
Frequently Asked Questions
Want to know more about bookkeeping services in Melbourne? Here are some frequently asked questions about bookkeeping:
What Does a Bookkeeper Do?
When it comes to providing accurate and timely financial information, you need a Xero bookkeeper for the job. They organise and keep track of every transaction your business makes.
At Bright Bookkeeping, we provide high-quality bookkeeping services in Melbourne for small and medium businesses. Our experienced and qualified team promises to look after your books without fail.
Does Bookkeeping Cover Tax Compliance?
Bookkeeping is a big help when it comes to tax compliance and requirements. Bookkeepers and BAS agents in Melbourne help you prepare your reports and statement and work with your tax preparer to ensure you are ready for the end of the financial year. They organise your data to ensure everything is ready when you need it.
What Is the Difference Between Bookkeeping and Accountancy Services?
Although bookkeeping and accounting go hand-in-hand, they are not exactly the same thing. Bookkeeping deals with recording and tracking financial transactions. On the other hand, accounting interprets and analyses data. Certified bookkeepers focus on organising data, and accountants analyse and present said data for owners and investors. To put it simply, bookkeeping is transactional, and accounting is subjective.
Can a Bookkeeper Do Payroll?
Bright Bookkeeping offers reliable payroll services in Melbourne. We provide stress-free payroll solutions for our clients. With us, you can ensure that all your staff are paid accordingly. We ensure everyone’s entitlements are correctly tracked and calculated. Our payroll and bookkeeping services in Melbourne also handle payroll tax responsibilities. We have a BAS agent in Melbourne who can help you with this.
Contact us now and let’s discuss your needs!
If you have more questions about bookkeeping services in Melbourne, don’t hesitate to give us a call!
Other Services offered:
We are your local Qualified Xero, MYOB, Quickbooks Certified Bookkeeper for:
Contact Us to organize an obligation FREE CONSULTATION to discuss your business needs and create a strategy to put you on track.