Fremantle Bookkeeping Services

A new client contacted us out of desperation. Struggling to prepare all the documentation for the Business Activity Statement, she could not get the figures to balance.

We suggested she email us the MYOB data file, so that we could get a clearer understanding of where she was at with her bookwork. Contact us for details

She then admitted that there were two different data files being used in the office for the bookkeeping!

Here lies the problem: If you are working on the bookkeeping in one MYOB data file, and someone else is working on the bookkeeping in another data file for the same company at the same time, errors will arise – because MYOB is not designed to cater for that.

So we asked her to send us the other MYOB data file , and then we had to work out which file was the most current.

Often when clients ask us to help them with their BAS (Business Activity Statements) the problem is not with the BAS.

The problem lies with somewhere within the bookkeeping process during the BAS preparation. You know the saying GIGO – garbage-in, garbage-out! The actual completion of the BAS form is the easy part.

After all, if the figures do not balance, you can simply make a general journal entry to fix it all up – right? WRONG Contact us for details

PS The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

12 Jan 2009The ATO advises that:” if you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009
Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

With Christmas out of the way, and many small businesses returning to work, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2008) to get your BAS lodged on time.

Maybe the Australian Taxation Office (ATO) does have a heart, after all. Rather than asking for lodgements on 28 January, they automatically give everyone an extension to the BAS lodgements to 28 February.

However, don’t be fooled by their grace, because there is NO WAY that they’ll consider granting an extension after that date. So you need to ensure that you have your Business Activity Statement lodged by 28 February 2009

If you are struggling and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now

Our bookkeeping Service has clients in and around Cockburn, Melville, Fremantle, Canning Vale, and South Perth, Western Australia. Contact us here for details

Happy New Financial Quarter!

For some business owners the BAS is a pain in the A**

As we enter Q2 for 2008/09 the world of finance seems to be in turmoil, but guess what? The Australian Taxation Office still want you to lodge your Business Activity Statements.

Regardless of what’s happening (or not) in Wall Street or George Street, businesses around fremantle High Street and Marmion Street still need to get their bookwork sorted out for the quarter ending September 30 2008, to have the BAS done by 28 October 2008.

Are you struggling with your bookkeeping?

For some business owners the BAS is a pain in the A**, so they brush it aside and put it in that special place, the “TOO DIFFICULT Pile”

Trouble is, that really doesn’t fix the bookwork, and without a bookkeeper, or someone who’s got a handle on the bookkeeping, those Cockburn or North Lake business owners that are not addressing the problem may soon find that they get fan mail from the ATO.

Contact Us today, and we’ll help you get your bookkeeping sorted out

PS – We are not Registered Tax Agents, we are recognised BAS service providers by the ATO

In the last two days we’ve had calls from small business owners who understand that they cannot do everything that needs to be done to keep their business going.

The cost of hiring a bookkeeper may seem expensive until you consider the cost of trying to do the bookkeeping yourself. Contact us now for a free quote

One client had their brother-in-law set up the chart of accounts and show our client how to do the bookwork. That can work well sometimes, and can be a total disaster for others. Costly mistakes can occur by not setting up your bookkeeping system correctly, through giving an incorrect reflection of your business profit and loss, or incorrect calculations of the GST that is owed

As we fast approach the deadline for the September 2008 Quarter BAS returns due October 28 2008, business owners begin to panic and search for quick solutions to their bookkeeping, and getting upto date with their Business Activity Statements

If you’ve been doing your own books and are not sure about how to complete the BAS, you can Contact us now.

We have clients that email us their MYOB / Quickbooks files and we can sort them out and submit the BAS electronically. If you are not sure whether you’ve done the data entry correctly, Contact us now and we’ll have a look over your data files.

Not only can we save you in accounting fees, we may also save you in your GST liabilities – after all, you can probably put the money to better use than the Australian Taxation Office, can’t you?