Services
Accounts Payable and Receivable
Kingsford Bookkeeping understands that accounts payable and receivable are the fundamentals of bookkeeping, by ensuring that all invoices from suppliers are entered with the correct GST codes and due dates, allowing for accurate payments. Also, the entering of customer invoices to be generated promptly, and tracking payments received by the due dates.
We also offer debt collection services as an add-on, which we can provide information on if you feel your debtors are slow payers and need a push along in making payments. We work closely with an external debt collection agency that can provide external debt collection services at a great rate if our reminders go unnoticed, and for any outstanding bad debts at the end of a financial year, we can write these off to reduce your income for tax purposes.
Bank Reconciliation
Bank and credit card account reconciliation can be carried out in one of two ways, depending on how your chosen cloud accounting package operates and is set up. We can either manually enter data from your bank statements, or set up bank feeds that will allow all transactions from your accounts to be automatically loaded into your software package.
We will reconcile any account, including those related to credit cards, and our service includes the investigation of any missing invoices which have been paid and the analysis of your bank statements monthly.
Payroll
Kingsford Bookkeeping over comprehensive payroll services, payroll involved recording all staff employment records such as salaries/wages, commissions, and bonuses. Payroll processing is time-consuming work and needs to be completed accurately, payroll mistakes can occur if attention to detail is not paid, which is where Carlton Online Bookkeeping can help.
- Loading employee personal details and Tax File Numbers and recording with the ATO.
- Load employee remuneration details.
- Process company regular pay run and prepare employee pay slips.
- Transfer the advised salary to each employee, withholding the required tax.
- Ensure compliance payments such as superannuation and PAYG are accurate.
- Circulate group certificates promptly at the end of each financial year.
- Submit your annual report to the ATO.
Depending on the size of your business and the number of employees and types of employment, we can work closely with you to ensure the most appropriate payroll processing and workforce management system is in place. Further, more time may be required for scheduling, time sheeting, payroll processing, reporting, analysis and renunciation calculations depending on the size of the business.
We also work closely with each state governing body for Workcover, making sure your provider is updated to changes within employees and payroll in the business is essential in ensuring your premiums are correctly calculated and you are working within your guidelines.
BAS Service
We are registered BAS agents and are available to help your business navigate the strict compliance requirements. Kingsford Bookkeeping ensures the accurate preparation and lodging of your BAS, IAS and PAYG, making sure your business meets all of its obligations with the Australian Taxation Office.
Bas – We ensure your BAS is accurate and always lodged on time, every time. The Australia Taxation Office is becoming more and more vigilant and we have noticed an increase in audits. It’s important to ensure your BAS is lodged on time and accurately to keep you away and under the radar.
IAS – Although this isn’t the most complicated task to complete, we find it is one that easily slips through the cracks for our clients in the past. When this happens you risk fines and penalties imposed by the ATO, having Kingsford Bookkeeping record, prepare and lodge your IAS will help ensure this isn’t an issue for you.
Did you know that by using us as your BAS agent, you automatically are granted a monthly extension for the submission of these statements (BAS & IAS) by the ATO.
Superannuation – Superannuation compliance should be ensured, which is why Kingsford Bookkeeping clients are compliant with using Super Stream, we can help you manage your obligations.
ATO Payment Arrangements – When cash flow is lacking, it can be difficult to meet your tax payment obligations, which is where having a know-how bookkeeper comes in handy, we can arrange payment plans and help our clients stick to them.
