_Many Businesses do not have an asset register.

The asset is paid for, and entered as an expense into their bookkeeping software but then never recorded as an asset.

Correct setup and entry of assets will ensure that at the end of each financial year your business has the correct adjusting depreciation journals.

And usually if it is a large asset acquired under finance there is an adjoining loan account that will need to be set up.

This gives your company a correct balance sheet and a true picture of your business’ equity. This also allows the correct processing of the sale of assets.

_In order to ensure that your reporting to the ATO is correct, your software has to have the correct tax codes inputted.

Your BAS statements rely on these tax codes being correctly set up.

Quickbooks and MYOB have different requirements, and we will ensure that your BAS statements are pulling the correct figures.

BAS doesn’t come automatically set up in your software.

This must be done manually, and it must be done with respect to the type of business you are operating.

There is also reporting to substantiate BAS figures that must be carried out.

_All Done Bookkeeping sell, install and provide ongoing support for both Quickbooks and MYOB.

There is a lot more to setting up your company accounts than simply installing the company software.

An individualised chart of accounts should be created, based on whether you are a sole trader, partnership, company or trust.

There are also a number of preferences that need to be customised.

Preferences such as Time Billing, Inventory Builds, Cash or Accrual Accounting, setting up opening balances, creating an asset register, setting up payroll, and creating bridges between your company’s software and your online banking.

_The most important aspect of Data Entry is ensuring that everything is coded properly, to ensure that your reporting is correct.

People think that data entry is basic, but it can be tricky.

All Done Bookkeeping will verify the source  documents, both bills and receipts, and input the information into your system, and ensure that the coding is standardised to the requirements of the ATO in the production of BAS statements and other reporting.

All Done Bookkeeping offers an on-site mobile service, as well as remote login service for state wide clients.

_All Done Bookkeeping can prepare your invoicing from Timesheets and Job Orders provided by your company.

We also follow up on the payment of overdue accounts.

We enter the bills and monitor the due dates to ensure that the bills don’t go over date, by preparing and sending statements to your clients.

This allows your business, and you as principle, to create some distance between yourself and your client in this area.

This ensures that your relationship is not affected.

You can rest assured that your overdue invoices are being dealt with in a professional and courteous manner, and that cash flow to your businesses is always maximised.

_For this aspect of All Done Bookkeeping’s services it is best to provide examples:

Example 1 – You have a payroll item and costs that you want subdivided so that you gain a true picture of the cost for each department.

We then have a cost of goods sold figure to apply to the sales of that particular department, showing its profitability.

Example 2 –Journal entries for the end of year adjustments such as depreciation, stock adjustment, bad debts and Accountant adjustments.

Example 3 – Inventory has not been managed efficiently, or there needs to be allowance for depreciated, written off or damaged stock.

We can come in, stock take and perform the necessary manual adjustments.

This not only adjusts your items in stock but also allows a true figure for your inventory asset.

_All Done Bookkeeping can provide stand alone or integrated payroll services.

We enter your employee details and their rates of pay, holiday and leave accrual.

We also monitor their department.

For some businesses this is an essential service, as we can provide reports on the payroll costs involved with each department, verses their revenue generation.

Payroll can be processed weekly, fortnightly, monthly or as required.

We can also synchronise your accounting software to your online banking so that your employees can receive their payments with a simple import into your online banking.

This cuts down on data entry and ensures that your employees can expect their payments to flow in a regular manner.