Bookkeeper Potts Point at Your Service

Bookkeeper Potts Point and BAS Agent Services

At bookkeeper Potts Point and BAS Agent Services we can handle everything from day-to-day financial tasks to more specialised tax requirements. Such as BAS Agent services; Preparation and Filing Payroll, Superannuation, Workers Compensation, BAS, IAS. We are licensed with the Tax Practitioners Board, and have professional indemnity insurance adn workers compensation insurance.

We can take care of the lot or provide flexibility in DIY bookkeeping options tailored to your specific needs for a wide range of businesses.

Bookkeeper Potts Point offers a Free Phone Consultation.  An excellent opportunity to discuss your unique situation and learn how we can help you achieve your business objectives.

With your cooperation we will simplify bookkeeping with you.

Here is a list of our services, for a more comprehensive review of each service you can go to Bookkeeping Services

Accounts Payable

Our bookkeeper Potts Point manages your bills payable we can avoid the hassle of backtracking. Bills must be in your accounting program before paying them; we can manage this for you. Although you may have the occasional bill you need to pay immediately, we have methods to help you not lose those receipts or invoices. Managing your accounts payable saves us time from repeatedly requesting missing copies of invoices or receipts from you, including those you paid but lost. The ATO requires you to keep records, and lost documents do not meet compliance.

Accounts Receivable

Effective accounts receivable management is crucial for healthy cash flow and reducing late payments. Strategies to implement include clear payment terms, regular communication, incentives for early payments, automated invoicing systems, tracking payments and due dates, analysing KPIs, and conducting regular financial analysis. By implementing these strategies, our bookkeeper in Potts Point can proactively manage your accounts receivable to improve overall cash flow management.

BAS & IAS Preparation and Lodgment

At Bookkeeper Potts Point, we recognise the vital importance of fulfilling your GST obligations, including the timely lodgment of your Business Activity Statement (BAS). Your BAS is a comprehensive record of the business taxes you’ve paid or will pay within a specific period.

We are committed to ensuring compliance with BAS requirements by offering thorough preparation and lodgment services. Let us gather GST, PAYG instalments, PAYG withholding tax, and other taxes to prepare and accurately lodge your BAS on time.

By entrusting us with your BAS/IAS lodgments, you will receive a detailed report of the period we are lodging for you, so you know exactly what you are signing off on! We will teach you as best we can to understand the reports, and our working papers are uploaded to your Xero file with the Journal Entry required to clear these BAS-related ledger accounts to the ATO ICA Activity Statement for payment/refund.

IAS, or Instalment Activity Statement, is another essential aspect of business tax compliance. This form may be required if you are not registered for GST and or have PAYG Withholding that exceeds the monthly allowance on the BAS.

As part of our comprehensive bookkeeping services, we assist businesses in preparing and lodging their IAS and BAS accurately and punctually. By ensuring compliance with ATO requirements and managing PAYG instalments efficiently, we help companies maintain good standing with tax authorities and avoid penalties.

To ensure smooth processing, it’s crucial to provide us with all necessary documents promptly.

We excel at our job but rely on your support for optimal performance, we urge you not to delay in submitting all required documents, ensuring seamless compliance and peace of mind for your business.

For more information, click on BAS Agent Services Lodgments and Returns.

Payroll Online Services

As a trusted bookkeeping and BAS agency in Potts Point, we specialise in payroll management for small to medium-sized businesses. Our bookkeeper in Potts Point offers streamlined solutions customised to your specific requirements. We provide online payroll management in MYOB, Quickbooks, and Xero, with Xero being our preferred choice due to its speed and time-saving features.

Our comprehensive bookkeeping service in Potts Point includes weekly, fortnightly, or monthly payroll processing, ensuring timely and precise payment for your employees. We also handle superannuation lodgements and Single Touch Payroll (STP) compliance, taking the administrative burden off your shoulders.

 Here’s what we do for you:

  • Collect and approve employee timesheets.
  • Manage leave requests and entitlements, including annual, personal, and long service leave.
  • Process payroll promptly and accurately.
  • Facilitate direct upload of payroll files to your bank or email the details.
  • Handle final pays for terminated employees.
  • Distribute payslips to your employees.
  • File and lodge Single Touch Payroll (STP) reports with the ATO.
  • Prepare and lodge superannuation contributions.
  • Manage STP finalisation at the end of the financial year.
  • Provide expert advice and recommendations on best practices.
  • Workers Compensation actuals and estimates.
  • Any applicable Long Service leave reporting.
  • Payroll tax, if necessary.

Bookkeeping Software Setup and Training

We have 25 years of experience in bookkeeping services in Potts Point and we can help you benefit from it. Our services include comprehensive training on various accounting software platforms such as Xero, MYOB, and QuickBooks (Intuit). We offer tailored training sessions for you or your employees to ensure that you can use these platforms correctly and efficiently.

Our training schedules are flexible and can be done online via remote access software. This will allow you to have personalised instruction that fits your schedule and learning preferences.

With our guidance, you’ll be equipped with the necessary skills to navigate and fully utilise the capabilities of your chosen accounting software. This will empower you to streamline your financial management processes and maximise efficiency.

Bookkeeper Potts Point

Cash Flow Forecasting

Our bookkeeper in Potts Point can assist you in understanding cash flow. Cash flow refers to the movement of money into and out of a business. Money coming in often comes from sales, debt repayments, asset sales, rebates, and grants. On the other hand, outgoing cash includes payments to suppliers, wages, bills, maintenance, and other business expenses.

Measuring cash flow is crucial in assessing a business’s financial health. A positive cash flow indicates that more money is coming in than going out. Improving cash flow involves managing working capital effectively, making accurate cash flow forecasts, and implementing strategies to optimise income and minimize expenses.

Cash flow forecasting is a vital aspect of financial planning for businesses. It involves estimating future cash inflows and outflows based on past performance and anticipated changes in the business environment. By forecasting cash flow, businesses can anticipate potential cash shortages, plan for necessary expenses, and make informed decisions to maintain financial stability.

Click For a free Cashflow Statement Template

Bookkeeper Potts Point prepares a cash flow forecast by following these steps:

 1. Forecast Income or Sales: Firstly, we estimate future sales based on historical data and market trends. They adjust sales forecasts as needed to reflect changes in customer behavior, economic conditions, and competition.

2. Estimate Cash Inflows: Then, they identify sources of cash other than sales, such as loan repayments, asset sales, rebates, grants, and investments.

3. Estimate Cash Outflows and Expenses: Next, they determine all expenses necessary to operate the business, including costs of goods sold, administrative expenses, loan repayments, and investments.

4. Compile Estimates into Cash Flow Forecast: They start with an opening bank balance and add cash inflows while deducting cash outflows for each period. The resulting closing cash balance becomes the opening balance for the next period.

5. Review Estimated Cash Flows Against Actuals: Lastly, they regularly compare forecasted cash flows to actual cash flows to identify any discrepancies and adjust future forecasts accordingly.

Tips for creating an accurate cash flow forecast include accounting for variations in payroll frequency, including annual registrations and subscriptions, considering seasonal fluctuations, and setting aside surplus cash during months of high income to cover expenses during leaner months.


Our Bookkeeper Potts Point can assist you with budgeting, which is a strategic plan that outlines a business’s expected revenue and expenses. It is crucial for effective financial management, as it helps allocate funds toward specific objectives, prevents overspending, and achieves sales targets.

At Bookkeeper Potts Point, we prioritise collaboration with clients to develop comprehensive yearly budgets. These budgets, along with Balance Sheet and Profit and Loss statements, form the foundation for preparing Cashflow forecasts. Our collaborative approach ensures the optimisation of financial strategies, fostering your business’s growth and prosperity by recognising cash flow’s critical role in business success.

There are several reasons why you need a budget for your business. Firstly, a budget serves as your planned income and spending, enabling the allocation of funds for specific items and activities. Secondly, it helps set business objectives and make informed decisions. Thirdly, it can facilitate obtaining finance by demonstrating financial stability and planning.

To create a budget tailored to your business’s needs, you can download our template. To monitor your budget, maintain a basic bookkeeping system to track actual income and expenses against budgeted amounts throughout the budget period. You can use budget analysis to inform business decisions and adjust spending to align with financial goals.

Tracking Jobs Profit and Loss

Are you curious about how much your business is making and spending on specific jobs? Our bookkeeping Potts Point services can provide you with the answers you need! Our experienced bookkeeper in Potts Point can set up tracking codes for each job, which will allow you to monitor financial figures and obtain profit and loss statements for individual projects.

With this detailed tracking in place, you’ll be able to see the income generated and expenses incurred for each job. This comprehensive view of profitability will help you make informed decisions, allocate resources more efficiently, and optimise your project management processes.

Our bookkeeper in Potts Point will work closely with you to ensure you have the necessary tracking mechanisms in place. We’re committed to providing insightful financial analysis per job, which will help you maximise profitability and drive business success.

Book keeper Services

Monthly Financial Reports

Do you know what’s crucial for any business to thrive? Accurate accounting! It’s a no-brainer, right? However, it’s not just about entering data. At Points Point Bookkeeper Services, we take the complexity of the bookkeeper’s role to the next level. Our expert bookkeepers go beyond the mundane data entry by engaging in a comprehensive process that involves meticulous data organisation, thorough account reconciliation, precise transaction classification, adherence to relevant accounting standards and regulations, and ongoing communication with you to ensure accuracy and alignment with your financial goals.

We follow a meticulous approach to guarantee financial reports that accurately reflect the true financial position of your business and provide precise figures for BAS/IAS lodgement. Our skilled bookkeepers will ensure that your financial reports are not just a mere reflection of your business’s financial health but also a comprehensive guide to achieving financial success. 

So, why stress yourself over accounting tasks when you can trust us to handle your accounting needs with precision and dedication? We’ll ensure the integrity and reliability of your financial information. With our expertise, you can rest assured that your financial position is in good hands.

Relief Bookkeeping Services: The solution you can trust to efficiently manage your finances.

Are you using cloud-based bookkeeping operations? Is your bookkeeper Points Point going to be away for a while due to holidays, maternity leave, or illness? We can cover your Bookkeeper, short-term or long-term, we are here to help you with our expert experience.

We understand how important it is to keep your Accounts Payable, Sales Invoicing, Payroll, and Bank Reconciliation up-to-date even when your employee is absent. That’s why we offer our temporary relief solutions to ensure that your financial processes are always in good hands.

So, relax and take it easy! We’ve got your back with our temporary bookkeeper Points Point relief services.

Debt Collection Service

Do you often find yourself frustrated with customers who take too long to pay their dues? Our bookkeeping services in Points Point can help you manage such accounts more effectively. We offer a wide range of solutions to ensure that you receive timely payments.

 We can take the responsibility of contacting your slow-paying customers on your behalf and negotiate payment plans. Additionally, we provide DIY bookkeeping techniques that empower you to deal with debt collection more efficiently. We aim to streamline your debt collection processes and assist you in maintaining a healthy cash flow.

With our assistance, you can take control of your finances and eliminate the stress of dealing with slow-paying accounts.

With our expertise, personalised approach, and commitment to excellence, My Great Bookkeeper Potts Point is your trusted partner in financial management.

Let us help you streamline your bookkeeping processes and drive business success.

Bookkeeper Potts Point at Your Service Today, isn't it Wonderful 🙂