Professional Bookkeeping Services and Expert Xero Support in Sydney

Question 1

Why is a bookkeeper important?

Accepted Answer

It is important to have a bookkeeper to assist with processing your paperwork, making sure your BAS and other ATO compliance are taken care of accurately, efficiently and on time. This will allow you to make important, informed decisions based on accurate and up to date financial information.

Question 2

Who uses a bookkeeper?

Accepted Answer

Everybody uses a bookkeeper to take care of their finances and to lodge quarterly BAS, year end income tax returns, payroll processing, superannuation calculation and STP reporting. It may be the business owner, the wife or partner, an in-house bookkeeper or a contract bookkeeper or tax agent or accountant.

As a tradie, builder or small business owner, you would probably prefer to work in your business rather than on your accounts.

The last thing you want to do is come home from a hard day on the tools to a pile of receipts and other bookkeeping issues that need your urgent attention.

Builders and tradesmen also need to be aware of if and when they need to register for GST, how much money needs to be put aside for the GST, PAYG and income tax liability accruing whilst they go about their business earning money. No one likes a huge tax bill so it is best to be on top of your bookkeeping so you can see these figures very clearly on a current basis.

If you choose to use a contract bookkeeper like Northern Beaches Bookkeeping Solutions, they can set you up with an easy system to gather your paperwork and receipts. They will contact you when your quarterly BAS is due, request any other information they may need so they can prepare your BAS accurately and efficiently and on time. They will also let you know how much you need to pay and when so you are all up to date and fully compliant with no risk of any penalties or late fees.

A good bookkeeper is an investment in your business and an integral part of your business growth and success.

Question 3

Can a bookkeeper do payroll?

Accepted Answer

A bookkeeper can do payroll, calculate superannuation and file STP pay events to the ATO on your behalf.

Based on the information you give your bookkeeper, they can set up your employees in Xero accurately.

A bookkeeper is legally not allowed to advise you which award and rate to pay your employees, however they can assist you by pointing you in the right direction so you can find the right award yourself. A good bookkeeper will also check the award and rates to make sure they appear to be correct as the BAS agent or bookkeeper can be held accessarily liable if paying employees incorrect amounts.

A bookkeeper can run regular payruns for your employees, send out payslips and advise you on how much you need to pay your employees each week, fortnight or month.

If you have a number of employees, your bookkeeper can provide you with a file from the regular payrun that you can upload to the bank and pay your employees all in one go so you can be assured there are no errors on your part and it is less time consuming for you.

Your bookkeeper can also reconcile the wages and PAYG at year end and complete the STP finalisation that has replaced the old payment summaries or group certificates that used to be issued.

They can also take care of preparing and lodging your workers compensation actual wages declaration on an annual basis.

If your business is required to register for payroll tax, your bookkeeper can prepare and lodge the monthly or annual returns on your behalf.

Question 4

Why is a Bookkeeper Important?

Accepted Answer

A professional bookkeeper helps manage your finances accurately, ensuring compliance and freeing up your time to focus on growing your business.

Accurate & Compliant Financials
- Keeps financial records accurate and up to date.
- Prepares and lodges BAS statements on time.
- Reconciles wages and finalizes STP with the ATO.
Saves Time & Enhances Focus
- Handles bank reconciliations, transaction coding, and reports.
- Allows you to concentrate on business growth and strategy.
Financial Insights & Stability
- Identifies cost-saving opportunities and improves cash flow.
- Provides reports for informed decision-making.
- Ensures financial stability with expert support.

A bookkeeper is an essential asset for smooth financial management and business success.

Question 5

Do you still need a Bookkeeper if you are using Xero?

Accepted Answer

Absolutely! While Xero simplifies bookkeeping, business owners often struggle to keep up with transaction coding and reconciliations.

A professional bookkeeper ensures:

Transactions are coded and reconciled correctly.
BAS statements are prepared and lodged on time.
Financial records remain accurate and compliant.

Need help with Xero bookkeeping? Reach out for expert support and peace of mind.

Question 6

How much does a Bookkeeper cost?

Accepted Answer

Our pricing depends on business size and complexity. We offer fixed-fee packages and hourly rates. Contact us for a custom quote.

Question 7

Which areas do you service?

Accepted Answer

We work with businesses all across Sydney and other parts of Australia working virtually from our office in Belrose. We mostly service Sydney’s Northern Beaches and Sydney's North Shore, including Belrose, Dee Why, Frenchs Forest, Manly, Brookvale, Mona Vale, and surrounding areas.

Northern Beaches Bookkeeping Solutions

Reduce Stress & Gain Peace of Mind

Achieve a Better Work-Life Balance

Access Accurate Business Financial Information

Sydney Specialists in Xero Bookkeeping Services, Xero Accounting Software Setup, Xero Training and Assistance

We are ready to streamline your bookkeeping, help with setting up Xero Accounting Software, provide Xero Training, Help and Support so you can focus on running your small or medium size business.

Helping Small Businesses in Sydney Stay on Top of their Finances

A good Bookkeeper is an investment in the continued success and growth of your business

Why Choose Us?