Bookkeeping Gold Coast
To Save You Time & Money

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.

While some companies may choose to manage their bookkeeping in-house, there are benefits to outsourcing some if not all your bookkeeping needs. Our post, ‘Bookkeeping: What To Do In-house & What to Outsource,’ is a great article that can help you see what bookkeeping may be beneficial to outsource

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

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 it saves you time, allowing you to focus your attention better!
• 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 that you can stress less!

Read our blog post, ‘The Benefits of Bookkeeping Services for Small Business Owners‘, to discover further benefits.

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.

Ultimately, every business is different! A sole trader will require a different level of service in comparison to a small business with a 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 which we then develop an action plan for them; with no obligation to proceed.

We love Xero (read why here), being a Xero Platinum Partner! This means we are your Xero experts! However, we understand that each business has different needs and budgets. Therefore, we work with other accounting software, including Quickbooks, MYOB and Reckon One.

If you are not yet using accounting software or are searching for new software, we can recommend what we believe will be the best accounting software to suit your business’s needs.

If you’re unsure which accounting software is best for you, read our handy article, ‘How to Choose the Right Accounting Software for Your Business‘.

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.

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!