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BANK RECONCILIATION, PAYABLES, RECEIVABLES & MORE

Xero Bookkeeping

Tired of staring at your Xero file reconciling transactions and all that other tedious business admin. Let our Xero wizzes help and give yourself the gift of less admin.

Bookkeeper at her desk looking back over her shoulder

Bank Reconciliation

Whether you find coding a challenge, a hassle or just plain tedious, our bank reconciliation service includes:​

  • Reconciling your Xero file twice a month
  • Coding queries - for any transaction our team are unsure about, we’ll email you for clarification (we don’t guess or make assumptions about transactions)

Keeping your bank accounts fully reconciled means you can rely on your financial reports for smarter business decisions and know everything is ready for year-end.​

2 business partners looking at their Xero file on a tablet

Bookkeeping

Our Xero bookkeeping service is tailored to your requirements. We discuss this with you in the initial meeting to check what elements you’d like help with. Beany bookkeepers can help with any of the following:​

  • Bank and credit card reconciliation 
  • Balance sheet reconciliations
  • Purchases and payables - entering creditor invoices, preparing CSV files for batch payments, managing aged payables
  • Invoicing and receivables - creating and sending invoices, issuing credit notes
  • Fixed asset management and reporting
  • Monthly and year-end adjustments for accruals and prepayments
  • Payroll processing - running payroll, preparing and filing IRD returns, creating bank files for payments, and distributing payslips
Bookkeeper sitting at her desk smiling

Less admin, more clarity

  • Be confident that your Xero is accurate and up-to-date
  • Always know where your business stands - with clear financial records, you'll have the insights you need to plan ahead and make the right decisions for your business
  • Avoid costly errors and compliance issues from incorrect bookkeeping

BOOKKEEPING FAQS

Frequently asked questions

Up-to-date bookkeeping is fundamental for gaining a clear picture of how your business is performing. This is important for you as a business owner, as well as any other stakeholders or investors. Accurate records are also essential to be able to make the best decisions for your business, including identifying opportunities to improve cash flow or cut costs. Bookkeeping is also essential to stay compliant with the IRD, avoiding fines or penalties.
Cloud-based accounting software such as Xero means you, your bookkeeper, and accountant can access your data at any time from anywhere. They’re fully compliant with the IRD, integrate well with other apps and have many automation features which make managing your business finances much simpler and give you confidence that everything is in order.
Yes. A professional bookkeeper can help you save time and money in the long run by identifying areas where you can cut costs. They’ll also ensure there are no errors in your books, which helps you avoid costly penalties for non-compliance.
The cost for bookkeeping in New Zealand depends on the size of your business and the complexity of your financial records.We estimate your monthly bookkeeping needs and quote for this upfront so you know what you’re going to be paying each month. We keep this under review and may need to adjust as the business grows or if your finances significantly change. Our hourly bookkeeping rate is $75.In order to provide you with a quote, we will need to understand more about your business. Some of the things we'll need to know are how many transactions you have each month, how many business bank accounts and credit cards you have, whether you run a payroll, and if adjustments are needed for accrued or deferred income or expenditure.​Once we understand your business better, or after we've looked at your Xero file, we will estimate how many hours of monthly bookkeeping your business needs.
Our bank reconciliation package is a flat rate dependent on your business's turnover.If your annual turnover is under $250,000 we charge $99+GST per month.If your annual turnover is over $250,000 we charge $130+GST per month.
You must be a Beany client and use Xero accounting software to access our bookkeeping services.Book a call with our team so that we can learn about your business accounting requirements. Following the call a quote will be provided for services discussed as well as the next steps for coming on board as a client.
We can only work as your accountant once all the necessary IRD 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.
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Resources

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