Walker Hill Accounting
Bookkeeper for Small Business.
Bookkeepers of Choice for Small Business Owners.
As many small business owners know, there are a lot of perks of owning your own company. With those perks comes the less exciting tasks too; like data entry, payroll, accounts payable and recording financial data. This work can often be time consuming and confusing if you are not familiar with your tax obligations and bookkeeping system.
Fortunately, it’s possible to outsource all of this work to a Bookkeeper. This helps to ensure that the work is done correctly and allows you to free up time for your to dedicate to other areas of your business.
Bookkeeping can be defined as recording and organising financial records associated with your business. This is important for any business, especially a small business, because revenue is a crucial factor of success.
Xero Bookkeeper for Small Businesses in Brisbane
Walker Hill is a small business accounting, finance, bookkeeping and digital marketing agency that’s located in Brisbane CBD. If you’re a small business in Brisbane, we can set up a meeting to discuss your bookkeeping needs.
We are also available via phone or video call to provide bookkeeping services for businesses who are based outside of Brisbane.
Why Walker Hill?
For those who prefer to put a face to a name, we’re local! Based in Brisbane CBD, we’re happy to arrange in-person appointments and consultations for our clients. If you’re based outside of Brisbane (or would just rather have a phone call) then we can easily arrange this too.
Each of our clients is assigned their own Bookkeeper. We do this so that our Bookkeepers and clients build a relationship where each side can easily and quickly work together to creative cost effective efficiencies. There’s no need to rehash your last conversation – our Bookkeepers will know your business and financial information inside and out.
No hidden cost
At Walker Hill, we have a clear payment structure so you won’t be hit with any unexpected cost or surprise fees. After all, we are here to make your financials more transparent and this begins from our side.
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Our Bookkeeping Services for Small Business
Compiling detailed financial records
Every small business will have many transactions coming in and out of their business bank accounts. These will include business expenses as well as income from your clients. It’s absolutely crucial for every business to record all cash flow that occurs. These records are known as financial records.
Financial records (or reports) can be used both for taxation matters as well as other useful data such as budgets and cash flow reports. These reports assist small business owners to help make a decisions in relation to their business to ensure company is successful. At Walker Hill, we have experienced Bookkeepers who will assist with your record keeping so you have accurate data to be able to analyse with your business partners and Accountant .
Learn more about our bookkeeping services.
The rules and regulations surrounding tax in Australia are very strict and require every business to abide by them. The rules can change from industry to industry and there are specific rules set for small businesses. We have Bookkeepers on board who specialise in bookkeeping for small businesses and will be able to provide all the necessary documentation that an Accountant will require come tax time.
Learn more about our tax accounting services.
A reconciliation is the process of comparing internal financial records against information from external sources such as a bank, credit card company, or other financial institution to make sure they match up. Knowing how to reconcile your accounts accurately is essential for the financial health of your business, as it helps to detect any errors, discrepancies, or fraud.
Our bookkeeping team are experts in reconciliations and will use Xero, our preferred accounting software, to ensure this process is efficient and accurate.
Learn more about our bookkeeping services.
How our Small Business Specialists Can Help Your Business
Bookkeeping is a time consuming (and often tedious) task. This is especially true when the person recording financial transactions isn’t familiar with the rules and regulations surrounding what should be done. Outsourcing this work to a Bookkeeper will free up a significant amount of time, allowing for this time to spend on other tasks where you, as a small business owner, can excel and be productive.
Having accurate financial records is absolutely essential in order to create a successful business plan. By identifying where money is spent and how revenue can be increased, then budgets can be set. An important budget is marketing. When a company is properly marketing, it can increase profits dramatically.
When a boss or those in leadership roles have much of their time dominated by analysing and recording financial data, they won’t’ have as much time to ensure the happiness of their team. By freeing up this time and hiring a Bookkeeper, you’ll be able to spend your time on more valuable tasks like setting goals for your employees and encouraging them when their job is done well.
Although Bookkeepers and Accountants work together closely, they conduct completely different roles. A Bookkeeper’s responsibility is to collect, organise and check all of the financial data; whereas an Accountant will use this data for a range of different reasons to assist your company.
At Walker Hill, we use industry-leading bookkeeping and accounting software called Xero. This software is cloud-based, allowing financial reports to be easily accessed from anywhere with Internet access. Futhermore, it has a very simple-to-use interface that small business owner clients are able to access if required.
Registered Tax Agents.
All of our Bookkeepers are backed by our in-house team of qualified and registered Accountants.
Our team are Chartered Accountants and hold all the necessary qualifications to support our bookkeeping team to work closely with business owners to ensure that we can provide you with all the financial tools to get your business running smoothly.
Fixed fee bookkeeping to allow you to focus on growing your business.
The basic package is a great choice for small business owners who only require quarterly bookkeeping. We can help with the administration and financial side, while you focus on your business.
The standard package is the most popular choice as it provides monthly bookkeeping for small businesses. This means that your financials will be frequently up to date and will allow you to spend more time on your business.
The Premier package is ideal for larger businesses who have a significant amount of revenue and expenditure. With this package, bookkeeping will be taken care of weekly.
Our Bookkeepers can also assist with payroll (we also use Xero as a reliable payroll system) – we will quote your small business on a case by case basis for this service.
From the Blog.
Our blog is packed full of financial tips, advice and topical news. Below are some helpful articles for those looking for financial help, and you can check out our full blog here.