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NEED A HAND with BOOKKEEPING, BANK RECONCILIATION, OR BAS?

We take care of the mundane so you can relax

Honestly, who likes bookkeeping? You're not going to believe this, but we do...
Keeping track of your books is necessary for all business owners, as is filing BAS returns if you're registered, but they don't have to be a drag. Focus on what you do best, while we handle your books 🤓

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BOOKKEEPING 101

What is bookkeeping?

Bookkeeping is the process of recording and reporting information about an organisation’s financial activities. Bookkeeping records important pieces of information such as sales and expenses, assets and liabilities.​

Good bookkeeping practices mean your business maintains accurate records and makes sure that there are no discrepancies between what an organisation reports to the outside world and what actually happens within.​

Why should I hire someone to do it for me? ​

You might ask yourself why a business needs to hire a bookkeeper. Why would you need someone to record and keep track of your finances, rather than do it yourself? ​​

Alongside the legal requirements for you to keep accurate records so that you pay the proper amount of tax, a key benefit is that you have someone keeping track of your money so that you can make sure you’re not spending more than you have coming in. ​​

This is especially important if you’re a small business owner because it can be hard to keep track of everything when you're wearing all the hats. Give yourself one less headache, and gift yourself back some admin time.​

WHAT'S ON OFFER

Beany's bookkeeping services

Reconciling your transactions and preparing BAS returns.

Bank reconciliation

If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking, and you can relax knowing it's all done right, and on time.

BAS returns

We prepare your BAS returns ready for you to review and pay. We also remind you of when and how much to pay.
If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking, and you can relax knowing it's all done right, and on time.
We prepare your BAS returns ready for you to review and pay. We also remind you of when and how much to pay.
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Bank reconciliation? Let us help!

Performing a bank reconciliation is a necessary chore for all business owners. Essentially, you compare your record of sales and expenses against the records your bank has because bank statements are reliable financial records. The purpose of a bank reconciliation includes finding and fixing any errors, identifying wrong payments, tracking profitability rather than relying on your gut feeling, and getting prepared for tax filing.​

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Struggling with BAS returns?

A business activity statement (BAS) is a form that all businesses must lodge to the ATO. It summarises all the business taxes you have paid or are to be paid to the ATO in a specific period. ​​BAS typically includes GST, PAYG instalment, PAYG withholding tax, and other taxes.​​

In Australia, if you're GST registered (annual turnover is above $75,000 or a taxi driver or a ride-sharing driver), then you're required to lodge a BAS.​ ​

BAS lodgement frequency is monthly, quarterly, or annually. The frequency of lodging BAS depends on your GST turnover.​​

FAQS

Frequently asked questions

Don’t see your answer? Reach out to us, we’d love to help!
In order to provide an exact cost we will need to understand more about your business to suss out the amount of work required each month.Some of the things we'll need to know are how many transactions you have each month, and how many business bank accounts and credit cards you have.
If you want one less hassle, we can prepare your BAS returns for $85 per month (we charge monthly to smooth out the cash flow for your business).
Alongside the legal requirements for you to keep accurate records in order to correctly report to the ATO, and pay the proper amount of tax, a key benefit is that you can have confidence that your financial records are reflective of your business performance, and therefore help you better understand your business and make more educated decisions.If you're a small business owner, it can be hard to keep track of everything when you're wearing all the hats. Give yourself one less headache, and gift yourself back some admin time.
You must be a Beany client and use Xero accounting software to access our bookkeeping services.Book a call with one of our team so that we can learn about your business and your accounting requirements. Following the call a quote will be provided for services discussed as well as details of the next steps for coming on board as a client.
We can only work as your accountant once all the necessary ATO authorities and AML (anti-money laundering) checks have been completed. If there are any third parties that we require checks for, we'll need these completed as well. Once this is complete, you'll receive an email inviting you to book a new client meeting. They will talk to you about getting started with your bookkeeping.
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Resources

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