Customised bookkeeping services for growing businesses, so that you can understand your numbers.
We set up your paperless office, bookkeeping and accounting systems to take care of the financial side. You can then free to focus on growth!
Our general bookkeeping services include:
- Bank account and credit card reconciliations
- Single Touch Payroll (STP)
- Employment / Human Resources
- Accounts payable and receivable
- Monthly reporting
- End-of-financial-year services and provision of accountant pack ready for tax return
We can help you as little or as much as you need.
Innovative Bookkeeping Studio partners with Xero and Hubdoc – online accounting software designed to make small business easier.
As Xero Certified Advisors, all accounting is carried out on the cloud.
This ensures your financial records are available in real-time and allows us to collaborate from anywhere in Australia. That means that you’re free to take that road trip up north without worrying if your financials are in order.
Instead of just telling you “the where” of a problem, an excellent bookkeeper can spend more time telling you “the why” of a problem. That makes your bookkeeper a solutions based asset to your small business, over and above being someone making sure you adhere to compliance issues the Australian Taxation Office deems necessary for small business to operate in Australia.
It is time that your numbers started working for you!
Amanda is our company’s number one troubleshooter! Her business experience is wide-ranging and her support and dedication have helped our organisation immensely.
Innovative Bookkeeping Studio have been working with us for the past 10 years on our bookkeeping, accounts, financial reporting payroll and budgeting.
Amanda is always up to date with the current laws and practices and her business is run with great pride and accuracy. We are grateful for the high level of confidential service she provides.
BAS PREPARATION AND LODGEMENT
Along with being a compliance matter for any business, the preparation of your Business Activity Statement) will help to show what health your business is in. What you are doing well, what is just ‘o.k.’ and what is simply not working.
With that knowledge, you can then address these issues.
Use your BAS Statements to strengthen your business, and gain insight as to how it is all going. There are positive reasons for doing your BAS on time!
Innovative Bookkeeping Studio will ensure all of your lodgements are completed accurately and on time, and that means late fees are a thing of the past.
Behind in your BAS? Don’t stress. We can speak to the ATO and have you back on time, in no time.
Overdue paperwork? Innovative Bookkeeping Studio can take it off your hands and sort it for you.
After completing an initial health check, we’ll go through your accounts with a fine-tooth comb and ensure they’re correctly organised and fully reconciled.
Using prepaid blocks of time, you control the workload and spending. We will consult with you throughout the rescue process.
You will be back in control in no time!
When you have employees you are legally required to pay their superannuation. It is currently 10%, and further increments of 0.5% will apply annually up to 2025-26 when the super guarantee rate will be set at 12%.
All payroll software is set up to automatically include super when you run the payroll. This is recorded in your accounts as a superannuation liability that you have a legal obligation to pay to the super fund of your employees choice. For most small businesses this is a quarterly reporting and payment requirement.
We relieve you of the administrative burden of the reporting requirements and ensure that we send over the reports in a timely manner and advise you of the payment you need to make and when
SINGLE TOUCH PAYROLL (STP)
The Australian Taxation Office (ATO) requires all employers to process wages using Single Touch Payroll (STP).
This means you are required to report your employees’ payroll information, such as salary and wages, PAYG and Superannuation, each time you pay them through STP-enabled software.
Innovative Bookkeeping Studio can easily take the reins of your STP obligations and help set you up with compliant software. As well as processing wages, we’ll take care of reporting PAYG and Superannuation amounts to the ATO.
From processing weekly payroll to end of year finalisations. We take the complexities out of payroll.