Bookkeeping with My Great Bookkeeper Pty Ltd, your trusted partner in delivering the finest bookkeeping services online. We support businesses in managing financial transactions seamlessly. Bookkeeping is the cornerstone of sound financial management. We offer comprehensive solutions tailored to your business.

The Art of Bookkeeping:

Bookkeeping is a meticulous process involving the systematic recording, organising, and maintenance of a business’s financial transactions. This critical function ensures accuracy and reliability in financial records, presenting a clear and organised picture of your business’s financial health. We work with double-entry bookkeeping, using Xero to streamline and simplify the bookkeeping process. The double-entry method requires two entries for each business transaction – a debit and a credit, ensuring the balance of the accounting equation where assets equal liabilities plus equity.

Bookkeeping Services Online with My Great Bookkeeper Pty Ltd – How We Can Help Your Business:

  1. Recording Bookkeeping Transactions: We are certified expert bookkeepers. We utilise Xero accounting software, spreadsheets, and databases to accurately document financial transactions. From sales and purchases to expenses and monetary movements, we ensure every detail is meticulously recorded.
  2. Financial Document Organisation: My Great Bookkeeper excels in collecting and organising various financial documents such as; loan documents, bank statements, sales invoices, cash receipts and bills payable. This organisational precision is crucial for effective financial analysis and reporting.
  3. Invoicing and Payments: We streamline the invoicing process and efficiently manage debt collection to ensure timely receipt of customer payments, supporting your cash flow.
  4. Debits and Credits: Our team diligently tracks debits and credits for different accounts, maintaining the balance of your books with precision.
  5. Reconciliation: My Great Bookkeeper conducts thorough reconciliation of financial statements to ensure alignment with actual bank statements. Identifying and rectifying discrepancies and errors.
  6. Financial Statements: We create comprehensive balance sheets and profit and loss statements, offering a snapshot of your business’s financial position and performance.
  7. Accuracy Review: We conduct meticulous reviews of reports, identifying any discrepancies or irregularities that may require correction and working with you to ensure accuracy.
  8. Payroll: My Great Bookkeeper takes care of payroll tasks, ensuring that employees are paid accurately and on time. Processing your Superannuation. Did you know, that if you do not pay the superannuation by the due date it is no longer tax deductible and incurs penalties for late payment?
  9. Bills Payable: We keep track of who you owe, and the dates bills fall due. We provide a weekly list of payables so you can ensure you pay your accounts on time. To assist in saving time, we can upload bills payables as ABA files into your bank as administrator, and you can approve payment.
  10. GST BAS Business Activity Statement, IAS: We do not just lodge the figures you supply us; we run meticulous reports, review, and make sure the bank(s) balances. We email our finalised working papers with our BAS for your authority to lodge. This way you can see what you are signing off on! We don’t just stop there: We process the closing adjustments in your accounting file. This is a manual journal that clears the reported ledger accounts and moves money to payable or refundable ATO Integrated Client Account – Activity Statement. This should not be done as a bill, as it is not a trading account.

Types of Bookkeepers

Understanding the diverse needs of businesses, here are the different types of bookkeepers:

  • General Bookkeepers: Handling a range of tasks, from recording transactions to generating financial reports.
  • Specialised Bookkeepers: Focusing on specific areas such as payroll, accounts payable, or accounts receivable.
  • Full-Charge Bookkeepers: Taking responsibility for the entire bookkeeping process, ensuring completeness and accuracy.
  • Certified Bookkeepers: This is us, we do all the above we are certified and experienced. We offer advanced services, including compliance with accounting standards. We provide a full range of BAS Agent Services. Including Payroll STP Filing, Superannuation, IAS, and BAS. We liaise with the ATO on your behalf and work with your accountant.

At My Great Bookkeeper Pty Ltd, we are your partners in financial success. Bookkeeping plays a pivotal role in managing a business’s finances. We ensure financial records are accurate and form a solid foundation for informed decision-making. We most often work on the accrual basis where recommended not cash as this helps you make informed business decisions, which may be necessary for the method of income tax you are on. Our pricing is very reasonable for our level of knowledge and public practice experience. With the difference that we only engage certified workers with years of experience in public practice accounting.

Trust My Great Bookkeeper Pty Ltd online bookkeeping services. Let us empower your business for sustained growth.