Bookkeeping
- All Staff are Qualified and Experienced Accountants
- Strong Systems & Processes with disciplined supervision
- Cashflow Management including 13 Week Cashflow Forecast updated weekly
- Full accrual Accounting, instead of cash Accounting, with End of Month journal entries including depreciation
- Initial Review and Assessment of Accounts
- Execute clean up of accounts as required
- Establish and Deliver in accordance with the SLA (Service Level Agreement) with the client
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Accurate and timely:
- Customer Sales Invoicing
- Supplier Invoice Processing with formal approval process
- Preparation of Payroll
- Preparation of ABA file for Payroll and Supplier pay runs
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Collections
- Establish Debt Collection Metrics
- Document and Review Client’s Credit Processes
- Credit Application, Approval and Credit Limit Policy
- Terms of Trade/Contract Provisions and Security
- Establish best practice end to end Documentation
- Review and Update the Client’s Accounts Receivables Ledger, including customer contact details
- Clean up Accounts Receivables Ledger including full reconciliation of Ledger
- Collect overdue Customer Invoices (daily)
- Assist in Resolution of Disputed Invoices
- Take Enforcement action against delinquent debtors with approval of client
- Recommend and Implement Bad Debt Write Off Policy
- Manage Age of Accounts Receivables as per Metrics
- Implement Weekly Reporting to Financial Controller/Managing Director
- Routine and scheduled reconciliation of all Accounts
- Maintain and Balance Subsidiary Ledger Accounts, General Ledger, and Historical Accounts.
- Preparation of accurate, timely, and accrual based Monthly Profit & Loss Statements & Balance Sheet
- Preparation and Presentation of weekly PowerPoint status Report of all Bookkeeping processes and identification of issues + recommendations for cost reduction opportunities through improved processes and automation.
- Set-up Accounting System and Software Properly
- Set-up of Chart of Accounts
Compliance
- Preparation of IAS, BAS, PAYG Summary, Payroll Tax Returns, Insurances, ASIC Reviews etc
- Fair Work Act, Employer Compliance
- Registrations and Renewals
Administration
- General Office Administration
- Maintenance of Employee Records
- Assistance in Staff Recruitment
Rates
- Rates start at $33/hour + gst, no superannuation, holiday pay, public holiday pay, sick pay, or payroll tax, or Workers Compensation Premium to pay (equals approximately $8.75/hour on $24.25/hour base permanent pay).
- No absenteeism, no sick leave or annual leave to cover.
