Don’t let the burden of bookkeeping weigh you down!
Reach out to Dawson Accounting & Business Solutions for online small business bookkeeping services to lighten your load and boost your business.
Dawson Accounting & Business Solutions offers professional bookkeeping services tailored to meet the unique needs of small businesses. Our packages can be customised to your business needs, whether you prefer hourly rates or fixed fee pricing.
Our team of experienced bookkeepers can help you streamline your financial processes, maintain accurate records, and ensure compliance with all regulations. By outsourcing your bookkeeping to us, you can free up your valuable time to focus on growing your business.
We work with clients in hospitality, health services, transport, production/manufacturing, professional services, media, trades and more. With our cloud software, we are able to support small business owners right across Australia.
Bookkeeping Services for Your Business
-
Our full-service business bookkeeping allows you to dedicate more of your time doing what you do best. We take the time to get to know your business and your passion so that we can offer a unique service to you, and look for additional methods that could hep improve your business performance goals.
Whether you are a small startup business or a long standing business, we genuinely care about your business’ success. Partnering with us gives you instant access to reliable, professional and knowledgeable bookkeeping professionals, supporting you every step of the way.
-
Here at Dawson Accounting & Business Solutions, we focus on making payroll easy for you and worry-free. Our experienced team manages everything from calculating wages to handling regulations. This lets you focus on growing your business, knowing that your valued staff are being looked after.
Our dedicated team can manage your:
General timesheet and payroll processing
Superannuation contributions and reconciliations
New employee set up
Termination and redundancy processing
Single Touch Payroll (STP) lodgement
Payroll Tax
Payroll reports
Payroll related accurals and provisions journals
-
A Business Activity Statement (BAS) is a crucial document for businesses registered for Goods and Services Tax (GST) in Australia. It is used to report and pay various tax obligations, including GST, Pay As You Go (PAYG) withholding, and PAYG instalments. The BAS must be lodged either monthly or quarterly, depending on the business's turnover and GST registration.
Key Components of a BAS:
Personal and Business Information: This includes your Australian Business Number (ABN), business name, and contact details.
GST Information:
Total sales and export sales (GST-free).
GST on sales: This portion covers the GST you have collected from your customers.
GST on purchases: Here, you report the GST paid on your business expenses.
PAYG Withholding:
Details about amounts withheld from employee wages and payments.
Information on amounts that need to be reported and remitted to the Australian Taxation Office (ATO).
PAYG Instalments: If applicable, businesses report their estimated tax liabilities, which are paid in instalments throughout the financial year.
Other Taxes: Depending on the business activities, there may be additional sections to report other taxes or levies.
Lodgement and Payment Deadlines:
BAS must be lodged by the due date, which is typically at the end of the month following the reporting period.
Payments for any amounts owed must also be made by the same due date to avoid penalties and interest.
Importance of Accuracy:
Accurate reporting on the BAS is essential to ensure compliance with tax obligations. Inaccurate or incomplete information can lead to audits, fines, or additional tax liabilities. It is often advisable to consult with a tax professional or an accountant to ensure that your BAS is prepared correctly and submitted on time.
Regularly reviewing your business accounting practices can help streamline the BAS preparation process and minimise the potential for errors.
Contact us today to streamline your BAS lodgement process and avoid penalties.
-
Bank reconciliations can be one of the most time consuming administration tasks that many business owners lose personal and family time over. Our expert bookkeepers can help give you that time back.
Accurate entry of your income and expenses ensures your annual accounting process is streamlined, and helps to reduce GST and Income Tax errors.
Our qualified and experienced bookkeepers and accountants can help you with:
Receipt and Expense management
Bank, Credit Card, Square and other financial reconciliations
Fixed Asset reconciliations and management
Balance Sheet reconciliations
-
Accounts payable and accounts receivable are essential areas of any business for cash flow. Our team are highly qualified to help with these processes and to help implement procedures and strategies to improve your cash flow.
Accurate checks and entry of your payable invoices and purchase orders to reduce overpayment errors
Assist with supplier payment terms negotiations
Payment of invoices
Customer invoice payment follow up
Debt collection
Debtor and Creditor reports
-
Falling behind in your bookkeeping can be daunting for business owners. Knowing your GST and BAS lodgement debts are adding up and not having accurate data to know what your financial position is, can add stress to you and your family. Whether you are 3 months or 3 years behind in your books, our dedicated team can help take the weight off your shoulders.
Accurately bring your bookkeeping and bank reconciliations up to date
Prepare and lodge any overdue BAS to the ATO
Correct prior period errors and business information
ATO consultations for outstanding debt and payment plan negotiations
-
Whether you are venturing into a brand new business, or changing your current online software to another service, we can help make this process simple and stress free.
With expertise in Xero, Quickbooks Intuit, MYOB and many other online accounting software, our team can have your business up and running efficiently.
Create and manage your online software file, or manage migration of an existing file
Chart of Account set up and management
Fixed Asset Register set up
Invoice customisation
Employee and superannuation contributions set up
Software training
-
Detailed and regular financial reporting gives you more understanding of your business performance, helping you to make the best business decisions. Our professionals will help you to understand what the numbers mean, so that you can find the areas with room for growth, and notice any trends that affect your product or cash flow inefficiencies.
We also offer Xero and other software file health checks to find any errors or issues with your current file and data. This allows us to correct errors and make adjustments where required to ensure your future data is delivered to you accurately.
Spend your valuable time on your business, not your books
Are you a small business owner looking to streamline your financial processes and stay organised without the hassle of managing it all on your own? Look no further! Dawson Accounting & Business Solutions offers online small business bookkeeping services tailored to meet your unique needs.
Why Choose Us?
Expertise: Our team of experienced professionals are well-versed in small business bookkeeping and accounting practices in a wide range of industries. Our bookkeeping services are managed by qualified accountants so you can trust us to handle your financials accurately and efficiently.
Convenience: With our online services, you can say goodbye to the stress of traditional bookkeeping. Access your financial information anytime, anywhere, with just a few clicks.
Cost-Effective: Our online bookkeeping services are cost-effective and flexible, helping you save money compared to hiring an in-house bookkeeper.
Customised Solutions: We understand that every business is different. That's why we offer customised bookkeeping solutions tailored to your specific industry and requirements.
Bookkeeping Benefits for Small Business
Great bookkeeping is key for small business success. Keeping track of all money coming in and going out gives a clear view of the business's finances. This organized information ensures compliance with laws and helps in making smart decisions. Accurate records allow businesses to manage cash flow, track spending, and find ways to save money. They also make tax preparation easier, reducing the chance of mistakes and fines. Well-kept books reveal how well the business is doing, enabling owners to assess profitability and plan ahead. In short, good bookkeeping is essential for small businesses to stay financially stable, make informed choices, and achieve lasting success.
Bookkeeping FAQs
-
Bookkeeping is the systematic recording and organizing of financial transactions within a business. It involves documenting purchases, sales, receipts, and payments, providing a detailed and accurate representation of a company's financial activities. Bookkeeping serves as the foundation for the accounting process, allowing businesses to track their financial health and make informed decisions. By maintaining orderly and up-to-date records, bookkeeping enables business owners and stakeholders to monitor cash flow, prepare financial statements, and comply with tax obligations. Overall, effective bookkeeping is essential for ensuring the smooth operation and long-term success of a business.
-
Outsourcing your bookkeeping can offer several advantages for your business. By enlisting the expertise of professional bookkeepers, you can ensure that your financial records are accurately maintained and up-to-date. This can lead to better decision-making based on reliable financial data. Outsourcing bookkeeping also allows you to free up valuable time that can be redirected towards focusing on core business activities, leading to increased productivity and efficiency. Additionally, outsourcing can provide cost savings compared to hiring an in-house bookkeeper, as you only pay for the services you need when you need them. Ultimately, outsourcing bookkeeping can help streamline your financial processes and contribute to the overall growth and success of your business.
-
Save on employment costs. By engaging our services, you can reduce your operating expenses significantly. Our team of skilled bookkeepers can support your business without the need to hire a more expensive full-time employee.
Save time so you can focus on your business. By outsourcing your bookkeeping tasks to our experienced team at Dawson Accounting & Business Solutions, you can free up valuable hours to dedicate towards running and growing your business effectively. Trust us to handle your financial responsibilities so you can concentrate on what truly matters – achieving your business goals.
More accurate data entry. Reduce errors in your bookkeeping process by taking advantage of our expertise. If you're finding it challenging to maintain precise records of your financial transactions, our team is ready to provide the assistance you need for accurate bookkeeping.
Detailed Financial Reports. Access to detailed financial reporting is a vital component of our services. We are dedicated to providing you with comprehensive financial reports and valuable insights consistently. Our aim is to support you in recognising and seizing new opportunities as they arise.
Simplify the process of lodging your tax return. Handling your tax responsibilities may feel daunting, especially when the time comes to submit all the necessary paperwork and documents. By outsourcing your bookkeeping with us, you can be assured that the tax preparation work is more efficient.