Bookkeeping Services Truganina
Business Essentials – Bookkeeping Services Truganina
Accurate bookkeeping is essential to any business. It can help you to record, manage and predict your financial activities, as well as provide the first step of effective accounting. Similar to a car’s dashboard, speed and fuel gauges, your business needs up-to-date information to track your progress and determine what you need to reach the finish line. At DAS Accountants, we can help you to only get your business there but show you the best way to complete your bookkeeping responsibilities. Our Bookkeeping Services in Truganina, Point Cook , Tarneit , Wyndham Vale , Werribee, Hoppers Crossing, Laverton, Derrimut, Deer Park can be customised to suit you and your business’ needs, including services for bookkeeping software, set-up and management.
Where to Start
The first step is to evaluate your bookkeeping responsibilities and the level of support you will need to complete them. If you are a small business, you are likely to have less bookkeeping work compared to big businesses and companies and will need a less complex bookkeeping system set-up.
If you have a small amount of sales and purchase transactions, you can start by using an Excel spreadsheet. However, if you have more complex bookkeeping responsibilities, including compliance requirements such as payroll and GST, it is best to start with an accounting and bookkeeping software. Modern bookkeeping services can help you to keep well-organised records and provide evidence of your business activities.
Industry leading software includes Xero, QuickBooks Online and MYOB, and our Bookkeeping Services professionals can assist you with the purchase, set-up, training and management of these systems.
The Benefits of using Cloud-based Bookkeeping Software
Thanks to modern software and cloud storage, businesses no longer need to worry about desktop back-ups or large disc installations. Cloud-based accounting software can provide the required flexibility and security, so businesses can easily enter, monitor and save their bookkeeping data. You can also access your bookkeeping work via an app or desktop, as long as there is an internet connection. This allows business owners to connect to their bookkeeping on their smartphone, tablet or laptop, both in and outside of the office.
Should I keep my Business Receipts?
Yes – You should keep your work-related receipts from all of your transaction. You will need to keep your purchase receipts if you wish to claim it as a tax deduction. Furthermore, it is very helpful to have evidence of your transactions, in case you receive an ATO audit or enquiry.
A big issue these days, is that your receipts tend to fade within a year, and they become illegible. The solution is to scan or take a photo of the receipt and keep the softcopy. Otherwise, depending on your accounting and bookkeeping software, you may be able to upload the receipts to your software account and have a permeant online copy.
DAS Accountants also offers flexible appointment options to fit your busy lifestyle.