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FAQ

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General

Why do I need a bookkeeper?

Keeping your books up to date is critical to your business success. A bookkeeper puts you in charge of your financial data so you can make decisions that grow your business.

 

How can a bookkeeper help with GST?

With the implementation of GST, the workload of the business operator has increased dramatically. Business operators have become unwilling and untrained tax collectors A bookkeeper can take this tedious work off your hands, allowing you to focus on what you went into business to do.

 

Don’t software packages do the work for me?

Few business people have an in-depth knowledge of bookkeeping, or of complex and often powerful programs like QuickBooks and MYOB. These are powerful tools in skilled hands, but otherwise they are all but useless. Reports and projections, when understood, give power to the astute business person. But it takes experience to extract the information.

 

How do I know a bookkeeper is qualified?

In the often confusing and harried implementation of GST there has been an explosion of would-be professional bookkeepers, many sorely lacking in skills and experience.

Legislation is now in place to require bookkeepers to validate their skills and experience by having professional qualifications. In the meantime, when you are searching for a bookkeeper, ask these three questions:

  • Do they have any formal bookkeeping qualifications? (Participation in a software course is not a qualification!)
  • What professional journals do they read and what professional associations are they a member of?
  • Have they provided you with a letter explaining their fees and tasks, including details of their professional indemnity insurance and client privacy polices?

 

How do I find a good bookkeeper?

Associations such as ICB and ABN can direct you to a qualified, reliable and accredited bookkeeper such as the team at Adminicle Business Services.

These and many other reputable bookkeepers are listed on the Quicken and MYOB web sites. Many bookkeepers will give some kind of free initial consultation with no obligation.

 

Does Adminicle recommend any other bookkeepers?

We would love to talk to you about whether we can meet your bookkeeping needs. However, if for geographical or other reasons Adminicle isn’t suitable for your business, we are associated with the following bookkeeping businesses and are happy to recommend them:

  • Accounts By Day
  • Better Books Bookkeepin
  • Calculations
  • Direct Management
  • In House Business Services
  • Lockington Business Services
  • Shepparton Computer Solutions

 

Accountants

What consulting and training services do you provide for accountants?

Our consulting and training services include:
Setup of QuickBooks, MYOB, CashBooks or Xero
Training tailored to suit your needs
One-on-one training

What training programs do you provide for accountants?

Our training programs include:
Bookkeeping Using MYOB – Intermediate
Bookkeeping Using MYOB – Advanced
Bookkeeping Using QuickBooks – Intermediate
Bookkeeping Using QuickBooks – Advanced
Bookeeping Using Xero

What bookkeeping support do you provide?

We provide:
A dedicated bookkeeper to every client with the support of the principal when they are unavailable
Satchel service – drop the paperwork in and we will enter it into your Accounting Program and return it to you one week later with dedicated reports applicable to you and your business
Complete payroll service
Inventory reconciliation
General ledger maintenance
Account reconciliation
Bank and credit card reconciliation
Cash flow management
BAS and IAS

Home business

Can I do the bookkeeping myself?

Yes, you can do the bookkeeping yourself. However your accounts must have been set up by a professional consultant/bookkeeper, and you should be fully trained not only in entering data but in what to look for when analysing your accounts. We highly recommend following the procedures recommended by your bookkeeper.

Which accounting package is best?

Adminicle provides Certified Consultants for both QuickBooks and MYOB. We also use Quicken.
We often recommend asking your accountant which program they prefer to work with, as QuickBooks and MYOB are both excellent accounting programs.

There are several other factors we may need to take into account before we recommend a package for your business, such as your need for a package that supports payroll, stock, multi currency, or retail.

Please feel free to discuss your accounting software needs with our staff.

I’ve just commenced my new business. Can you help me?

Yes! We pride ourselves in offering support and advice for people who are new to running a business.
We can assist you with the following:
Registering for an ABN
Registering your business name
Keeping records – what records to keep and for how long

GST – do you need to register for GST?

Employees – legal requirements
Legal requirements – BAS, IAS, Workcover, super

Do I need an accountant if I have you?

Consultants/bookkeepers play a very different role to your Accountant and you certainly need both. Think of them as a part of your team to support and grow your business. Your consultant/bookkeeper is continually trained in the accounting programs and is there for you on a regular basis. Consultant/bookkeeping services can be provided at a more inexpensive level than accounting services.

Your accountant provides taxation and business advice and will provide expert advice in these areas.

What services do you provide and how does it work?

We provide a number of different services to home businesses. The most popular are our satchel services and our training programs.

Satchel Service: Drop your paperwork off in your shoebox or our satchel and a week later we will return your work completely filed in alphabetical order with profit and loss reports, balance sheet, and previous year comparisons. We offer further reports if required.

Our training programs will empower you to understand bookkeeping using either QuickBooks or MYOB.

Can you do my tax return?

We recommend you get your tax return done by your accountant. We can prepare all the paperwork for your accountant to make the process easier.

Can you do my payroll?

Yes! We currently prepare the payroll for a number of our clients. Payslips are emailed or posted as required. Super, payment summaries, IAS’s and Workcover obligations are also completed.

How Much Does it Cost?

We offer a free initial consultation, which is a great opportunity for you to tell us about your business and enables us to discuss the services you require. We will then recommend the best service we can provide and the applicable costs and hours required.

 

Small business

How can I keep my bookkeeping costs down?

There are several ways you can reduce your bookkeeping fees. Here are some of our suggestions.
You can save time and money by using the services of a professional consultant/bookkeeper who knows the accounting program, has qualifications, and is continually proactive in keeping up to date with legislation and accounting programs.

You may choose to have a data entry person and a professional consultant/bookkeeper overseeing their work. This works well if they can work together professionally and without blame. It is essential that the data entry person is trained properly for this to work.

If you choose to do your own bookkeeping, make sure you are trained by a professional consultant/bookkeeper and are provided with procedures for accurately entering data. Having the support and backup of a professional consultant/bookkeeper gives you the piece of mind to enter the data correctly.

Make time once a week or at the very least once a month to fully complete your data entry including reconciliations. This ensures you are able to analyse your profit and loss and balance sheet to understand how your business is functioning.

Ensure your consultant/bookkeeper complements and works with your Accountant. As a team they can be a valuable tool in growing your business.

Which accounting package is best?

Adminicle provides Certified Consultants for both QuickBooks and MYOB. We also use Xero & CashBooks.
We often recommend asking your accountant which program they prefer to work with, as all of the above are excellent accounting programs.

There are several other factors we may need to take into account before we recommend a package for your business, such as your need for a package that supports payroll, stock, multicurrency, or retail.
Please feel free to discuss your accounting software needs with our staff.

 

I’ve just commenced my new business. Can you help me?

Yes! We pride ourselves in offering support and advice for people who are new to running a business.
We can assist you with the following:
Registering for an ABN
Registering your business name
Keeping records – what records to keep and for how long

GST – do you need to register for GST?

Employees – legal requirements

Can you recommend an accountant?

We are lucky to be associated with a number of accountants whom we can highly recommend to our clients. For Adminicle to recommend an accountant, they have to be proven in the following areas:

Ability to discuss with the client in simple terms information relating to their business.

Approachability and honesty.

Proactive support to the client and/or the consultant/bookkeeper
Assisting clients in managing and growing their business
Tax planning advice and support.

Thinking outside the box and focusing clearly on the results

How do I know my data is secure?

We understand the sensitivity and importance of the security of your data and information. Our security philosophy is one of our core values and involves:

Commitment to confidentiality of information

Continual checks and internal control on safety of information

Non-disclosure of work and process models of client companies

Giving contractual validity to our commitment to security, we encourage all our customers to sign a mutual Confidentiality Agreement with us.

 

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