Published by: Greymouse Marketing | 21 November, 2022
Aside from the existing pandemic, the world is facing yet another worldly crisis brought by price hikes on necessities needed by many people every day— and once again, everyone in the world is affected by inflation.
Soaring costs are just as alarming for businesses as they can cause financial hardships and workforce shortages. To beat inflation, it is important to then rethink strategies by lowering costs, having access to a more productive workforce and preparing against recession.
We take pride in our Bookkeeping and Accounting services with clients from many countries supported by staff who are well-versed with software like MYOB, Xero and Go Payroll, and local accounting and bookkeeping policies.
Here is how our Bookkeeping and Accounting Team help dedicated clients:
Business Bank Reconciliations
| • | Daily, weekly, or monthly data entry from your bank accounts to your accounting software. |
| • | Reconciliation of all cleared transactions, open deposits, and open checks. |
| • | Matching bank reconciliation balances to your trial balance for financial statement review. |
Credit Card Management
| • | All credit card transactions will be entered into your accounting software each month. |
| • | Each credit card will be reconciled to its statement. |
| • | Cards will be paid on time to avoid fees and interest |
Accounts Receivable Service
| • | Design of an efficient invoicing system. |
| • | We’ll gather the data to build the invoices. |
| • | Invoices are sent to customers once you’ve approved them. |
| • | Statements are sent to outstanding customers after a 30 or 60-day period. |
| • | Collection calls to customers that are avoiding you. |
Accounts Payable
| • | Build a purchase order system if necessary. |
| • | Vendor balance reconciliation. |
| • | All new bills will be entered into your accounting software each day, week, or month. |
| • | We will prepare bills for payment once approved by you. |
| • | The checks will come out of your printer, and you can sign and send them when you’re ready |
Sales Tax Filing Services
| • | We will review your transactions each period and determine your liability. |
| • | We will prepare the sales tax return. |
| • | The cash requirement will be sent to you for approval. |
| • | Once approved, we will file the return with your state. |
Payroll Service
| • | Online access |
| • | A complete payroll solution. |
| • | Direct deposit for your employees. |
| • | Completion of all payroll tax returns including your 940 and 941 forms. |
| • | A payroll specialist that will support your business. |
Extra services if needed:
| • | Preparation of BAS (Business activity statements) |
| • | Financial/Management reporting |
Greymouse is incredibly versatile. Greymouse has experience with handling clients needing payroll processing, compliance services and other areas. Our bookkeepers are excellent communicators and in constant contact with clients.
We are currently conducting a free consultation for those interested in working with us. Contact us now at 07 31189594 or email us at sales@greymouse.com.au for more details.
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