We understand the necessity of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions. Bookkeeping is important, whether you are a small business, or a established corporation.With bookkeeping being one of the most critical, yet time consuming component of a business – it is important to have confidence on your side. The team at East Maitland Accounting have specialised staff members ready to help you out.

Management Accounting & Reporting

The East Maitland Accounting team can assist you with a number of aspects, including, creditors & debtors reports, BAS & IAS statement preparation, fixed asset register, reports of balance sheet, profit and loss, and cash flow, and actual vs budget reports.

 

Payroll & Support

Payroll tax is a self-assessed, general purpose state and territory tax assessed on wages paid or payable by an employer to its employees, when the wage bill of an employer (or group of employers) exceeds the given threshold amount. The Payroll function is one of the fundamental functions of any organisation. At a basic level, the Payroll function ensures that all employees receive their wages. In practice, the payroll function extends to a fairly wide range of administrative and labour issues.

Accounts Payable & Receivable 

East Maitland Accounting can assist with the reconciliations of supplier statements, coding and data entry of supplier statements, the creation and issuing of invoices, and assisting with a creditors procedure.

 

POS Retail Systems

A retail point of sale system typically includes a cash register (which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner) and the majority of retail POS systems also include a debit/credit card reader.

 

External Financial Controlling Advice

Financial statement and other financial information distributed to people outside of a company.

Bookkeeping is an important part of business. It involves the process of recording, analysing and interpreting the financial transactions of a business or individual. The discipline of bookkeeping accounts for a large proportion of the accounting process.

A bookkeeper’s duty is to set up financial statements so that an accountant can easily perform legal and tax management in a timely manner.
A skilled and compliant bookkeeper should be able to produce financial records that give business accurate information about its financial activities. The future success of any business relies heavily on these records, not only because they are a necessary part of the business but they are also required by law. Australian legislation states that businesses must have up to date financial records to ensure that they pay all necessary taxes and levies.

Records must be kept that are accurate and true for a period of at least 5 years from the date that the documents were prepared, obtained or the transaction completed, whichever occurs the latest. Some records, such as payroll, must be kept for a minimum of 7 years.

Data entry is the act of entering information into electronic formats by using word processing or data processing software hosted on a computer and its data entry operators who perform these tasks. In truth, though “data entry” sounds technical, you can get many of these jobs with no previous experience.

For More Information Send us an Email to see how we can help you Today!