Bookkeeping Gold Coast

Stress-Free Payroll for You and Your Team
Keeping your payroll running smoothly is essential for happy employees and a compliant business. We’ll handle everything from calculating wages and superannuation to managing Single Touch Payroll (STP) reporting and year-end payroll summaries. Need help with workers’ compensation reporting or ensuring your super contributions are up to date? We’ve got that covered too. With Grow Advisory Group on your side, you’ll never have to worry about payroll headaches again.

• Payroll Management: We’ll take care of calculating wages, processing payments, and ensuring everything is accurate and on time.
• Single Touch Payroll (STP) Services: Stay compliant with ATO requirements by letting us manage your STP reporting seamlessly.
• Year-End Payroll Assistance: We’ll make year-end payroll tasks stress-free, preparing all necessary reports and summaries for employees.
• Workers’ Compensation Reporting: We’ll help you manage workers’ compensation records, ensuring they’re accurate and compliant.
• Superannuation Assistance: From calculating contributions to ensuring compliance, we’ll handle all your superannuation needs.

Modern Bookkeeping Made Easy
The days of paper trails are over. We’ll set you up with cloud-based software like Xero, MYOB, or QuickBooks to keep your bookkeeping accessible, organised, and up to date. Our experts will guide you through setup, train your team, and provide ongoing support, so you’re never stuck figuring it out on your own. If Xero’s your platform of choice, we’ll customise it to suit your business, making day-to-day bookkeeping seamless.

• Cloud-Based Bookkeeping Software: We’ll introduce you to cloud accounting tools and make sure they’re set up to suit your business.
• Cloud Accounting – Xero Setup: Specialised Xero setup and customisation to simplify your bookkeeping and give you full control.

Keeping Your Financial Records Spot-On
Accurate reconciliations are the backbone of good bookkeeping. We’ll ensure your bank accounts, balance sheets, and hire purchase agreements are perfectly reconciled, so you can trust your numbers. Need help managing your assets? Our team will maintain a detailed asset register to track what you own and what it’s worth, ensuring nothing slips through the cracks.

• Bank Reconciliation: We’ll make sure your bank transactions match up with your financial records perfectly.
• Balance Sheet Reconciliation: We’ll ensure your assets, liabilities, and equity accounts are accurate and up to date.
• Hire Purchase Reconciliation: Let us handle the complexities of hire purchase agreements, keeping your records clear and organised.
• Asset Register Management: We’ll track your business assets, so you know exactly what you own and what it’s worth.

Stay Compliant Without the Stress
Compliance doesn’t have to be a hassle. We’ll take care of preparing and lodging your BAS, maintaining accurate ledgers, and providing monthly or quarterly reports, so you always know where your business stands. Whether it’s profit and loss statements, cash flow summaries, or balance sheet updates, we’ll keep your financial reporting clear and on point.

• BAS Preparation and Lodgement: We’ll prepare and lodge your BAS accurately and on time to keep you compliant.
• Monthly or Quarterly Reporting: Stay on top of your finances with regular reports that show your profit, cash flow, and balance sheets.
• General Ledger Maintenance: Let us handle the organisation and upkeep of your ledger accounts, so your records stay clear and accurate.

Take Control of Your Finances
Tracking expenses and managing cash flow shouldn’t be a guessing game. We’ll categorise your business expenses for accurate reporting and budgeting and help you stay on top of accounts payable and receivable to maintain a healthy cash flow. Our goal is to make your finances easy to manage, giving you more time to focus on growing your business.

• Expense Tracking and Categorisation: We’ll organise your expenses to make reporting and budgeting easy.
• Accounts Payable and Receivable Management: Let us manage your invoices and payments to keep your cash flow steady and predictable.

A bookkeeper is a highly essential role for any business. Without a bookkeeper to pay staff, pay bills, and keep track of spending, a business would not be able to operate.

A bookkeeper will monitor and record how a business makes money and spends money, pay employees their salaries, pay suppliers for products and services, manage cash payments, etc.

The general duties of a bookkeeper comprise:

• recording financial transactions
• balancing the books
• cross-referencing the books with bank statements
• performing daily banking activities
• processing client and customer payments
• managing accounts receivable
• calculating GST
• preparing and lodging BAS
• paying staff (payroll) and suppliers (accounts payable)
• producing monthly financial reports
• preparing tax returns

The above compilation is not a complete list of bookkeeping duties; there are more advanced duties that some Gold Coast bookkeepers will also be expected to perform. Such duties include training, EOFY reporting, implementing a business process, and managing business budgets.

Suffice it to say; it’s not enough to put on your bookkeeper hat for a couple of hours a week. Bookkeeping is time-consuming, yet it is very necessary for every Gold Coast business. The beauty of bookkeeping is that you don’t have to do it all yourself. You can choose to do some bookkeeping in-house and outsource other bookkeeping duties. Our blog post, Bookkeeping: What To Do In-house & What to Outsource, will help determine what duties may be better left to our professional Gold Coast bookkeepers.

If you want to reduce your bookkeeping hours, contact the best Gold Coast bookkeeping service, Grow Advisory Group, today. We have a team of experienced bookkeepers to relieve you of your bookkeeping duties.

One of the most common questions our Gold Coast clients ask is: What bookkeeping software should I use? The top three are Xero, MYOB or Quickbooks, which we specialise in. However, the best solution for your business may not necessarily be the most used or highly recommended solution; the answer will vary from business to business.

If you look at creditable sites like Canstar and finder.com.au, the areas they focus on in the comparison and decision-making process are:

• Value for money
• Ease of Use
• Functionality
• Ease of Integration
• Reporting
• Customer Service
• Security
• Mobile Options
• Trial Period
• Room for Growth

The most important areas here are ease of use, functionality, and ease of integration. If your solution lets you down in one of these three areas, it can be a nightmare to overcome; you may need to change to another solution.

We recommend you review the pros and cons of the three leading bookkeeping software before deciding. Better yet, contact us today so we can review the setup of your Gold Coast business and recommend the best product for your business needs. Making the wrong decision now can lead to years of frustration.

Learn which accounting software Is best for your small business by reading our articles, ‘Which Accounting Software Is Best for Small Business?‘, ‘How to Choose the Right Accounting Software for Your Business‘, and ‘9 Reasons Why Xero Is the Best Accounting Software for Small Businesses‘ or call our team.

Book keeping for a small business is, thankfully, a lot less complex than book keeping for a large business or company. Often, the bookkeeping duties are performed by the business owner or office manager, who requires no official bookkeeping training.

The key to business success often lies in the bookkeeping setup and structure. So, it’s vital to get your bookkeeping done right from the get-go.

The best way to achieve this is to align your business with a Gold Coast bookkeeping company that offers bookkeeping services and advice. A bookkeeping company such as Grow Advisory Group reviews your business setup and recommends the right services and software required for your business. It may be a one-time consultation to get your business up and running, or it may be an ongoing partnership – where your hand over your book keeping duties to a professional Gold Coast bookkeeper.

Don’t underestimate the importance of book keeping, and the scope of your book keeping duties. There are daily, weekly, monthly, quarterly and annual book keeping tasks that need to be conducted to ensure your business stays compliment and on top of its tax and BAS obligations. Moreover, having up-to-date books will make your business easier to sell in the future.

The CPA’s GOOD PRACTICE CHECKLIST FOR SMALL BUSINESS document is a great tool to help you get started. It outlines the required tasks and their frequency to ensure you stay compliment and on top of your accounting obligations.

If you would like any assistance with your bookkeeping and accounting duties and obligations, please, give one of our Gold Coast bookkeepers a call. We have a wide range of bookkeeping and accounting services to assist Gold Coast businesses just like yours.

Learn the difference between accounting and bookkeeping here. 

As a small business owner, one of your most important responsibilities is keeping track of your finances. This can be a daunting task, especially if you don’t have any experience with bookkeeping. Fortunately, we offer several bookkeeping services that can take care of the financial side of your business, freeing up your time to focus on other aspects of running your business.

Our bookkeeping services can help you keep track of your income and expenses, prepare financial statements, and pay your taxes on time. They can also help you create a budget and maintain financial records. In addition, our bookkeeping services can provide valuable insights into your business’s financial health. By working with Grow Advisory Group, you can ensure that your business is in good financial shape and avoid any potential problems down the road.

Learn more about the benefits of bookkeeping services by reading our article, The Benefits of Bookkeeping Services for Small Business Owners and The Critical Importance of Bookkeeping for Business.