Bookkeeping can be a daunting experience for a lot of people in business. Collating and recording all the transactions relating to your business can be a tedious and time consuming task. We help our clients with the management of their day to day transactions, as well as reconciliation processes required for GST reporting and tax return preparation.
Accounts payable is the money which a company owes to it’s various suppliers. Management of payments to your suppliers is an extremely important task not only to maintain good business relationships, but also to ensure favourable cash flow practices.
Knowing the financial position of your business is key to making informed business decisions and maintaining a healthy bank balance. We can build easy to understand financial and management reports including profit and loss and balance sheet reports, budgeting, cash flow forecasts and variance or ratio analysis.
Payroll can be a massive task, keeping up with the ATO changes, managing PAYG and Superannuation obligations and recording leave entitlements. We can customise a solution to ensure the payroll function of your business runs smoothly whether you have 1 employee or 100 employees!
Accounts receivable is one of the most important parts of running a successful small business. It involves the process of billing the clients of your organisation, as well as ensuring these debtors pay on item. We provide services which can manage both the billing and the collection side.
Making sure you are reporting your ATO obligation accurately is imperative in business. L & J accounting reviews your accounting files and complete GST audits to ensure you have claimed and remitted all the necessary GST and comply with ATO requirements.
Want us to work with you?
We take the stress and hassle out of accounting. Contact us today to arrange how we can help you or your business.