Tag Archive for: Bookkeeping

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FREE CONSULTATION

Don’t get stressed, we create order from chaos!

Perhaps you are not sure where to begin or struggling to know what next steps to take to grow your business to its full potential, are you bogged down in paperwork?

The Admin Advantage team would love to have you visit our office in Sumner for a Free Consultation to discuss your requirements, so book an appointment today.

As a local 4074 business, our doors are always open for you to drop by and chat about how we can HELP you better your business….ps: (we make great coffee too ☕️)

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EOFY is fast Approaching

The End of Financial Year is Fast Approaching

That means getting all your paperwork ready so that the annual meeting with your accountant is based on real figures.

It’s so important that you get your ducks in a row BEFORE you go to see your accountant and BEFORE the end of the financial year so you have time to act on their recommendations.

It’s no good after the 1st of July and it’s no good if the information you provide to them is not accurate and up to date.

So here is a short summary of the things you should have sorted BEFORE you do your year end review

 

Bookkeeping Tasks:

  • Ensure last year is finalised – Journals are done and your financials match with financials lodged with the ATO.
  • Last year tax return needs to be lodged and you should have a copy
  • Make any adjustments in the data file for any FBT year end adjustments @ 31st March 2017.
  • Review the list of Assets & remove obsolete items
  • Plan for a stock take if you haven’t already done one
  • Write off any old unrecoverable debts
  • Check your payroll is in balance YTD.
  • Check your Trade Debtors & Trade Creditors are in balance.
  • Ensure all of your BAS are lodged
  • Gather together all documents (invoices and finance agreements) for any capital purchases

NEED HELP – Call Admin Advantage on 3879 9003 and we will create order from Chaos

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