Here is a little about M Bookkeeping

Learn more about M Bookkeeping and how we can help your business with professional record keeping, administration and bookkeeping solutions.

My name is Monica. I have completed the Cert IV in Financial Services and Bookkeeping and my duties as a bookkeeper include Bank Reconciliation, Super, Invoicing, Accounts payables/rec and payroll/wages, BAS & prepare the financial statements profit & loss, Balance sheet etc….
There are quite a few mistakes made by companies resulting from insufficient training, inappropriate education or absence of experience. These increase the possibility of high fines and penalties from the ATO or perhaps from an accountant being required to amend the books for a very high hourly rate when compared to a professional bookkeeper’s charge. Common DIY mistakes are:

• incorrect invoicing
• late lodgement of BAS and PAYG
• paying incorrect superannuation contributions
• Incorrect GST coding usually ending in under-claiming or over-claiming GST credits
• failure to maintain backup records

By hiring me as an onsite bookkeeper you avoid these mistakes and penalties and also reap numerous other benefits:

• You will have use of specialised skills – As a trained bookkeeper I have many years of experience under my bookkeeping belt, am amply trained in bookkeeping practices and legislation, experienced in several types of bookkeeping packages and can supply a management and boutique degree of accounting. Like all professional bookkeepers I am adequately insured and that is important simply because I have a duty of care within the professional advice I provide to my clients.
• You will also find reduced labour costs – Firms that do their very own bookkeeping have higher labour, training and capital expenditure costs- all of these have to be passed on to clients. By outsourcing your bookkeeping services needs-only basis as an alternative to employing a full time bookkeeper, you simply need to pay them if you use their services.
• Improved efficiency at the office is an additional major advantage of hiring a professional bookkeeper. An organization’s bookkeeper could have additional roles within the company that might use up their time, valuable resources and concentration, however a professional bookkeeper works in a specialised role where bookkeeping is all they do and it’s done to their extremely high standard.
• Your costs and hassle will surely be less because hiring an in-house bookkeeper, in comparison with hiring a professional bookkeeping service, necessitates that you consider costs like superannuation, work place, annual leave, sick leave and others. Also, since BAS related work needs to be overseen by your registered practitioner, in the event you have an unqualified bookkeeper, you will need to pay your tax accountant to evaluate any BAS work and shall be paying the tax accountant rather than paying a certified bookkeeper with a lower bookkeeping rate.

I can work as a go-between for you and your tax advisor, complete your BAS and provide up-to-date books, regular financial reports, somebody available on phone or over coffee and online access to your entire reports anytime.

To carry out your bookwork I would require access to your payroll, revenue, invoices, receipts and bank statements. We are able to do this manually by handing the paperwork over, or over a remote computer connection, where I work in my office but access your details on your system}. Whatever best serves you, together we can arrange collection and delivery.