Annual Accounting

Accounting Information Checklist
We will provide an appropriate checklist of records, documentation and information required for the preparation of your financial reports and related tax returns.

Cash Book Preparation
We will prepare your cash books to record your receipts and payments in the manner determined by us to be most appropriate and efficient. This may be manual, computerised or by utilising Banklink.
 
Banklink Facility
An electronic copy of your bank statement will be downloaded from your financial institution directly o us. We will then encode transactions and enter them direct to your general ledger.

MYOB Accounting Package
We are authorized providers of MYOB Accounting software, a versatile accounting system designed for small/medium sized business. We will assist with installation, training, processing and production of reports.

Financial Reports
We will prepare financial reports, including a statement of financial performance, income/expenses (profit/loss), statement of financial position (assets/liabilities/equity) and supporting explanatory notes. We apply high professional standards to ensure the accuracy and reliability of the information disclosed in these reports.

General Ledger Maintenance
We will maintain your general ledger, capturing your financial transactions from all sources and dissecting them between different categories of income, expenses, assets, liabilities and proprietor's equity.

Journal Adjustments
We will prepare journal entries for all transaction not captured by your general ledger from a direct source. These may include non-cash transactions and balance date adjustments.

Account Reconciliations and Verifications
We will prepare a sophisticated set of working papers that support the information contained in your financial reports. They will capture calculations and sources of information relied upon together with explanations of accounting data.

Cash Flow Reports
A statement of cash flows provides a vital analysis of the most important aspects of your business - where did the money come from and where did it go. We will provide this important report on a monthly, quarterly or annual basis.

Financial Performance Analysis/Ratios
We will provide an analysis of your performance over the last year to assist in evaluation the overall well-being of your business and identifying symptoms that require remedial action.

Business Performance Benchmarking
We have access to key financial information that will allow the comparison of your business to those of your industry peers. We will compare your results to these benchmarking to ensure you are competitive and are progressing towards business excellence.