Bookkeeping & Management
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. Maitland Accounting and Taxation have team members that specialise in Bookkeeping and Management Accounting.
Management Accounting & Reporting
- Weekly and Monthly Creditors Reports
- Weekly and Monthly Debtor Reports
- Preparation of BAS & IAS Statements
- Fixed Asset Register management
- Weekly and monthly P&L, Balance Sheet and Cashflow reports
- Budget v Actual comparisons
- Multicurrency- foreign exchange gain/loss calculations
Bookkeeping and Data Entry
Bookkeeping 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. These records are critical to the future success of any business. Not only are these records necessary for the business, 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.
- Payment Setups for you to approve securely
- Bank and Credit Card Reconciliation
- Inventory Control
Payroll Function and 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 total wage bill of an employer (or group of employers) exceeds a threshold amount. The Payroll function is one of the fundamental functions of any organisation. At the basic level, it ensures that all employees receive their wages. In practice, the payroll function extends to a fairly wide range of administrative and labour issues.
- Accrue Annual and Personal Leave Balances
- Superannuation Reconciliation and Payments
- Prepare Employee Payment Summaries
- Process payroll and issue payslips
Accounts Payable and Receivable
- Reconciliations Supplier Statements
- Coding and data entry of Supplier Statements
- Creating, coding and issuing of invoices
- 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.