Bookkeeping Gold Coast
To Save You Time & Money
Leave your bookkeeping needs to us while you run your business. Grow Advisory Group offer affordable Gold Coast bookkeeping services to businesses of all sizes and business structures.
Why Choose Us
How we can help your business
Compliance Peace of Mind
Maximise Profit, Minimise tax
Our Areas of Bookkeeping
Food & Agribusiness
Transport & Logistics
What is bookkeeping?
Bookkeeping is the process of recording and analysing the financial transactions of a business or individual on a regular basis. This may include but is not limited to the preparation of sales invoices, vendor invoices, payroll, and other transactions, along with adjusting entries. Other duties include management of accounts receivable, accounts payable, cash, sales, rent, salaries etc.
Why do I need a bookkeeper?
There is a number of reasons why you and your business could value from the services of a bookkeeper, as a bookkeeper can:
- assist you to make more informed financial decisions
- help you understand your financial position and performance
- provide you with up-to -date financial reports
- prevent you from experiencing any compliance issues
- ensure your business relationships are nurtured
- allow you get back to growing your business
Benefits of outsourcing bookkeeping?
In today’s world, we are all so time-poor and have a million other priorities, so there are many benefits to outsourcing the bookkeeping function of your business:
- one big benefit is to save you time, allowing you to better focus your attention!
- it could save you money, allowing you to invest in other areas!
- improve your business’s efficiency, by leaving it to the experts!
- Gain insight into your business, to see where you can cut costs!
- Ensure your lodgements are on time, so you can stress less!
What’s the difference between accounting and bookkeeping?
Bookkeeping is the process of recording and analysing financial transactions, while accounting is the process of classifying, summarising, analysing, interpreting, and reporting a business’s financial data generally into the form of financial statements and tax returns.
Essentially, bookkeeping affects how an accountant interprets a company’s financial information, for which they base their advice and recommendations.
How much should a business spend on bookkeeping?
Ultimately, every business is different! A sole trader will require a different level of service in comparison to a small business with payroll of 25 employees, so there is not one definitive cost.
Here at Grow Advisory Group, there is no cost involved when a client first reaches out to us. We offer a free initial consultation where we conduct a client needs analysis to which we then develop an action plan for them; with no obligation to proceed.
What is the best bookkeeping software?
We love Xero, being a Xero Platinum Partner! This means we are your Xero experts! However, we understand that each business has different needs and budget, therefore we do work with other accounting software including Quickbooks, MYOB and Reckon One.
If you are not yet using accounting software or are in search of a new software; we can recommend what we believe will be the best accounting software to suit your business’s needs.
Can a bookkeeper process payroll?
Absolutely! In fact, most of our bookkeeping clients also request us to process their payroll. Payroll can be a huge task if you employ staff and because the payroll needs to be processed through both the bank account and the accounting system, as the saying goes ‘you can kill two birds with one stone‘ by allowing us to process both.
This service includes everything from setting up your Single Touch Payroll (STP) to processing your employee’s quarterly superannuation payments. Here at Grow Advisory Group we like to leave no stone unturned.
Who will be doing my books?
At Grow Advisory Group we don’t do things by halves! Thus, the person processing your bookkeeping is also a professional accountant, who is more than qualified for the task.
We find it more efficient from our end, if you are only dealing with a single manager so they are familiar and continually kept in the loop with your business, which is what our client’s value most.
Our team of highly experienced accountants have a wealth of knowledge and experience, covering all areas of bookkeeping and small business; ensuring we support you every step of the way!