The Office Elsewhere can enter your bookkeeping information into MYOB so you can get back to focusing your efforts on income producing activities
The Bookkeeping service comprises data entry of:
- cheques written
- deposits banked
- bills paid
- direct deposit/withdrawal transaction
- petty cash transactions
Each week, fortnight, month or quarter The Office Elsewhere can complete your bookkeeping requirements either at our premises [we can collect your work] or at your premises.
DEBTORS MANAGEMENT/ ACCOUNTS RECEIVABLE
The Office Elsewhere will assist you in keeping your debtors listing to a minimum by working with you to achieve the best possible solution to meet your needs. This can include The Office Elsewhere invoicing your regular customers, allocating the payments correctly and regular telephone/correspondence for collection of your accounts.
The Office Elsewhere will provide GST, PAYG, Profit & Loss reports to your Accountant to keep them up-to-date with your business for planning purposes. Depending on when The Office Elsewhere does your bookkeeping will depend on the timeline of the reports to your Accountant, i.e. monthly, quarterly.
We will also manage your PAYG Payment Summaries ensuring that they are reconciled with your Business Activity Statement returns for the year.
The Office Elsewhere can assist you in getting the most out of your MYOB software. We can provide one-on-one training tailored to your specific needs.
Why pay for something that you don’t use – The Office Elsewhere provides a cost effective way of improving your bookkeeping skills.
The Office Elsewhere will set-up all employee details [as provided by you], which includes pay rates, superannuation funds, leave accruals, etc. Upon receipt of employee timesheets, The Office Elsewhere can then process the pays, provide payslips, general payroll reports, monitor the entitlements and provide PAYG Summaries at end of financial year.
The Office Elsewhere will provide you with a file that you can use with your internet banking system so your can pay your employees electronically.
The Office Elsewhere will also calculate your employee superannuation contributions and provide you with the appropriate reports in order to make your obligatory payments.
With the introduction of GST in 2000, the ATO (The Australian Taxation Office) has placed a further burden on business in becoming their tax collector. This is where The Office Elsewhere can help your business.
If you have an Australian Business Number (ABN) and are registered for GST you are legally required to complete a Business Activity Statement at the end of each reporting period. This may be on a monthly, quarterly or annual basis.
As well as keeping your books up-to-date, The Office Elsewhere can prepare your Business Activity Statement (BAS). The reporting on the BAS includes:
- GST [both collected & paid]
- GST Deferred on Imported Goods
- Pay As You Go (PAYG) amounts withheld from payments
- PAYG Income Tax Instalments
- Deferred Company/Fund Tax
- Fringe Benefits Tax
- Wine Equalisation Tax
- Luxury Car Tax
As well as the above items, you are also required to provide:
- Total Sales
- Export Sales
- Other –GST Free Sales
- Capital Purchases
- Non-Capital purchases
- Total Salary, Wages and other Payments
- Amounts withheld where no ABN is quoted