Please reach us at kristy@bookboss.com.au if you cannot find an answer to your question.
Being a small business owner can be an incredibly rewarding experience. However, running your own business can be stressful enough without trying to understand and maintain your bookkeeping requirements! It is generally an area that small business owners don’t like, but must be responsible for.
One of our key roles as bookkeepers is to take the stress and pressure away from small business bookkeeping, allowing individuals to spend more time on what they are passionate about.... their business!
Having a bookkeeper is about more than just saving time. A good bookkeeper is like having a built-in business coach, someone you can build a relationship with. They will take care of all the “boring” stuff while educating you on the picture behind your numbers so you can make better informed business decisions. Bookkeepers can help you to understand the ongoing cost of running your business, what your cash flow situation looks like and if you are really making a profit.
Every small business needs a bookkeeper; a mentor, business partner and cheerleader, encouraging you to succeed in your business and applauding you as you do so!
Yes, Book Boss offers payroll services to help businesses manage their payroll processes efficiently and effectively. Our payroll services cover everything from setting up STP to superannuation. We regularly attend bookkeeping training to keep ourselves up to date on the latest industry updates and pride ourselves on keeping clients compliant with ATO requirements and streamlining business processes.
Due to the varying requirements of businesses, it is impossible to put a number on the overall cost of bookkeeping services. For example, a sole trader’s bookkeeping needs will differ greatly from a retailer that pays staff!
We offer a complimentary initial one hour consultation to discuss your business needs and identify ways we can help you and your business. Once we have an understanding of your business and expectations, we can discuss a package that suits.
Yes! Today’s cloud accounting capabilities are designed to make life easier. Book Boss can manage your books remotely and you can also access your own data in real-time at any-time. You will have access to the information you need to make business decisions on the go from anywhere, anytime, on any device.
Bookkeeping and accounting are often assumed to be the same profession. This is not the case!
Both are extremely important for every business, especially when used together. While bookkeeping is responsible for the recording of financial transactions, accounting is responsible for interpreting and analysing the financial data.
A bookkeeper will be the person who assists you with the ongoing financial recording of transactions, compliance and lodgements that keep your business running smoothly. Your accountant will be the person who analyses the data produced by your bookkeeper to minimise your taxation and make recommendations. Accountants have a strong understanding of tax law & requirements and will be best to assist in this area.
Instead of perceiving a “bookkeeper vs accountant” situation, it is important to understand that your accountant and bookkeeper work best together to serve the financial requirements of your business. Book Boss focuses on working closely with our clients chosen accountant.
We love Xero! However, we do also work with other software such as MYOB because we know that your software of choice should be based upon your business situation and requirements.
In our initial consultation we can provide guidance on a bookkeeping software that we believe will be best suited to your business, whether it be Xero, MYOB or another software package.
A BAS Agent (or Business Activity Statement Agent) is authorised to prepare and lodge BAS returns on your behalf and provide advice on BAS-related items, such as your day-to-day business taxes (GST and PAYG). Any bookkeeper who wishes to provide a BAS service for a fee (for example BAS preparation/lodgement), code expenses and provide bookkeeping services where decisions are made in relation to GST, must be registered as a BAS Agent.
A BAS Agent must renew their registration annually which includes satisfying certain criteria, such as being up to date with personal tax returns, completing recognised training, and having the appropriate Professional Insurance Policy in place.
As a registered BAS Agent, we are more than happy to provide our registration numbers for verification to our clients, potential clients or our client’s accountant.
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