The Pure Bookkeeping System
Making sure you have a successful business is important to you. It takes time sourcing products, services and staff. The success of your business depends on having these things. Having the right people on hand is essential. Just as important to business success; making sure your accounts are in order and you know where your business is going.
Making sure your books are in impeccable order is important to us. That’s why we developed the Pure Bookkeeping System.
The program ensures consistency across your bookkeeping, regardless of who is assigned to your books.
The Pure Bookkeeping System consists of 6 key parts:
Session Checklist
Used as a communication tool to notify you on work completed and your obligations
New Client Details
When a new clients comes on board, we have a meeting and record as much details as we can which is used to be entered into your client manual (see below).
Bookkeeping Manual
When a bookkeeper leaves your business they take a lot of gained knowledge with them. The Bookkeeping Manual is created to help fill that gap created when a bookkeeper leaves. It becomes your bookkeeping bible, recording important aspects of your business which stays with you
Restoring a backup
Systems and Processes are an important part of running a successful business. We have a process which is used in restoring backups
The general section involves the business chart of accounts and admin processes
Chart of Accounts
The business chart of accounts are lined up in order and GST coding checked according to GST regulations. Accounts are placed in Alphabetical order making the bookkeeping process easier and quicker.
Admin Production
A list of processes and procedures for bookkeeping.
A balance sheet is a financial statement reflecting your businesses financial situation.
A balance sheets reflects the ratio’s of:
Assets
Liabilities
Equity
Often the balance sheet is overlooked until it’s needed for gaining that important extra cash flow.
Our bookkeeping system looks at the balance sheet regularly. We check the balance sheet, looking at areas needing attention to ensure you have a true reflection of your business.
In our BAS and IAS section our checklist and processes:
- Preparation Checklist for BAS
- BAS Summary templates for quarterly
- BAS Summary templates for quarterly with IAS
- BAS Summary templates for monthly
- Preparation Checklist for IAS
The Pure Bookkeeping system uses checklists and processes to understand how the figures have been generated for the BAS.
Once again using these Pure Bookkeeping processes and systems we ensure that possible errors are picked up in the data files.
The Pure Bookkeeping System end of financial year includes:
EOY Payroll Preparation Checklist
Ensuring all payroll has been processed correctly and ATO obligations have been met
BAS Preparation Checklist
Ensuring there have been no changes the data file after BAS Lodgements and corrections are made accordingly
Workcover Checklist
Workcover has been met
EOY GJ Checklist
Ensuring all General Journals from Accountant have been entered for previous year
The Accountant Pack
Preparation for Tax which enables your accountant to process information with ease.
Financial Reports
The Pure Bookkeeping system financial reports are focused at looking at the accounts on a quarterly basis and comparing from last financial year. These reports give the business a better understanding of where the business is going.
Fitness Review Reports
The Pure Bookkeeping system fitness review looks at the financial year and see how ‘fit’ your business is. This allows you to look at your assets ratio and you can also take reports to your financial advisors / bank managers when applying for loans.
Call us for more information: 0439 821 095