SERVICES
Solutions for Sole traders & Companies
At Kinetic Bookkeeping we are committed to finding the right solutions for you and strive to provide you with more time to run your business.
We do not have a cookie cutter outlook when it comes to your business. Whether you need only one of our services or all of them, we will tailor a solution to suit your needs.
Kinetic Bookkeeping is an end to end solution for all your bookkeeping needs, with services ranging from general administration, to BAS lodgements and correspondence with your chosen accountant. We will take these jobs off your hands.
If there is a service you need that is not listed below, reach out and we will find a solution for you.
Accounting software done right.... Choosing Xero or MYOB?
Pricing plans!
Choosing the right software to run your business’s back office can be the difference between a smile and a headache.
Xero and MYOB both have their advantages and depending on your business size and trajectory, one may fit better than the other.
They both come at a cost, but knowing which one suits you best from the start can save you time and money.
We are professionals in both Xero and MYOB, meaning, we can help guide you to make the best decision for your business.
If you are already an established business and have your software up and running, we will be able to seamlessly step in and begin to work with what you’ve already got.
Not happy with your software or want to get more out of it? Have a chat with our team and we will talk you through the options of moving to a new software, or we can set up one on one training to show you some of the back-office features to make your life easier.
Clean bank feeds are the same as clean offices
They just make you feel better......
Having an organised bank feed is not just about how it looks. Although the clean aesthetic is calming, it plays a much bigger role in your business.
A reconciled bank feed means:
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Accurate reporting for financial stakeholders
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Compliant BAS and IAS lodgements
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Your accounts receivables are accurate (money owed to you)
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The bills you need to pay are up to date
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Your accountant will be happy when you go to see them
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You will be happy when you finish with them
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With Kinetic Bookkeeping we can manage your bank feed, no matter how big or small. With a deep understanding of the tax implications of different types of transactions, we can keep your bank feed reconciled and your business compliant. This can take hours off your week and gives you the piece of mind that when you see your accountant, your books are organised and compliant. This reduces those big accounting fees and puts more back into your pocket.
Invoicing & Bill Managenment
Paying an invoice 5 days early could destroy your cash flow!
For most businesses, there is not always a lot of wriggle room when it comes to paying suppliers. It's a fine balance between being paid for a service and paying suppliers at the right time to ensure that you’ve got enough of a float to keep things flowing until the next payment.
Finding the right balance is hard, and can be even harder to maintain. This is where Kinetic Bookkeeping comes in. We understand the struggles businesses face and can help when it comes to invoice and bill management. Whether that is getting in touch with overdue accounts or just a weekly reminder that a bill is going to be due, we have you covered.
This takes time off your hands and lets you generate more sales or take an extra minute to provide a better service to your clients, without sacrificing your cash flow management.
We can help keep things flowing by:
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Sending invoices to customers
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Producing monthly customer statements
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Liaising with overdue accounts
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Inputting bills
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Keeping you up do date on what bills are due and when
Payroll & employee management
The quickest way to turn a workforce sour is through payroll.
Inaccurate payroll can destroy trust within a business and produce a bad work environment. With payroll legislation changing so fast it can be very hard to keep compliant.
Australia has now implemented Single Touch Payroll - sending your payroll data to the ATO - which keeps your business’s employees’ year to date earnings up to date. This is a simple feature that both Xero and MYOB have integrated, though it adds a task to the to-do list.
The ATO has also now implemented Payday Super. This means that superannuation needs to be paid at the same time as wages and should reach the employees superannuation account within 7 days. Now the payroll process is getting bigger!
With our start to finish payroll process, we can take this off your plate. At Kinetic Bookkeeping, we pride ourselves on accuracy when it comes to payroll. We always take the time to ensure that everything is perfect before processing and will confirm with you if there is are any anomalies worth pointing out.
We can also process your superannuation, leaving you with one less thing to worry about. This ensures you are compliant and will keep your workforce happy.
Learn more here!
Business Activity Statements (BAS) & Income Activity Statements (IAS)
Part of running a business is understanding your obligations when it comes to the Australian Taxation Office (ATO).
You may be required to lodge a Business Activity Statement (BAS) or an Income Activity Statement (IAS) on a monthly or quarterly basis, depending on your business size. If payments are missed and become overdue, the ATO can charge interest on any money that is owed, costing you more than your original payment!
It is essential to produce accurate BAS and IAS reports when dealing with the ATO. This all comes from organized bank feeds and allocating all your expenses/income to the correct categories throughout the year. This can be a time consuming and laborious task!
Kinetic Bookkeeping holds BAS Registration with the Tax Practitioners Board (TPB), endorsing us to lodge BAS & IAS statements on your behalf. The TPB hold a high standard for any person registered as a BAS agent. This includes meeting all the criteria for their Code of Conduct as well as continued professional development throughout the year.
Keeping compliant, producing accurate reports and paying these statements on time saves you money in the long run.
Customised reports and financial statements
Need financial reports to share with your bank, shareholders or clients?
Having this information in a timely manner can be critical to decision making within a business.
When you produce financial reports from programs such as Xero or MYOB, they are a reflection of your business. These reports will show where expenses and income have been allocated over a selected time period. This is where keeping your account tidy and accurate is important.
If your account has unreconciled transactions or your bank feed has been reconciled incorrectly, your reports will be inaccurate. This can lead to misinformation being presented to shareholders or your bank, which could have negative results for your business.
At Kinetic Bookkeeping we can produce financial reports as requested and interpret the data for you. This saves you rummaging though analytics, and help you to get the right information to share, as needed.
Whether it's your end of year balance sheet, a profit and loss statement, or monthly general ledgers on specific accounts, we can help you extract the information you need to make informed decisions.
