End of year… doesn’t it seem at times that all this paperwork and compliance simply never stops. In fact, it doesn’t. There is always a daily, weekly, monthly, quarterly and annual procedure lurking in the background, waiting to be completed.
The thing to remember with your bookkeeping/ accounting is regularity, accuracy and forethought. The whole process can be fine tuned and made a relatively simple process if done right, from the get go.
Based on the beautiful Sunshine Coast, Tradie Bookkeeping Specialists have all the Trade specific knowledge and skills to make your life easier.
End of Financial Year Reporting, like everything else in the bookkeeping world, follows a process.
A backup of your system needs to be performed, all transactions must be entered and finished for the period and the financial year, all necessary debtor reports must be printed and saved, statement printed, debtor transactions posted to the General Ledger, Report the stock ledgers and so on. Payroll reports to be run, checked, processed.
Tradie Bookkeeping Specialists will create a checklist specifically for the task of completing your End of Financial Year Reporting and follow through. All reports should not be performed unless your general ledger reports balance. Our role is to ensure that this happens.
The Australian Taxation Office requires rollovers to be reported accurately. You may have superannuation reporting that require reporting and this in itself can be quite complex, depending on the type of lodgement.
- Pocessing pays for the end of the financial year
- Printing key payroll reports
- Reconciling PAYG withholdings
- Reportable superannuation contributions
- Setting up and printing payment summaries
- Allowances and lump sum payments
- Employee termination payments
- Fringe benefits
At the end of it all, another backup file must be created. Consider the speed with which our specialised team can process your reporting as a necessary cost saving investment, freeing you up to stay in the field where your own expertise is most effective and efficient.
OUR TRADIE BOOKKEEPING SERVICES:
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