Accounts Payable & Accounts Receivable

Generating income has to be one of the most important activities of any business and collecting money from customers can be one of the most stressful and time-consuming activities a business owner may have to undertake.

A key to keeping on top of this is making sure to get your invoices out consistently and regularly and making sure that customers are clear on the terms of services and know their obligations regarding paying their invoices to you.

The longer an invoice is overdue the less likely you are of getting paid for that invoice.

It is therefore crucial for businesses to keep accurate and up to date records of which invoices have been paid and which are still overdue. Having appropriate measures and procedures in place will help keep the accounts receivable ledger under control and will mean you then have available cash flow to take care of your bills and liabilities.

We can streamline your processes and help you put procedures in place to keep on top of this so you will never have to stress about whether you will be paid on time or whether you will have enough money to pay your bills.

We can also review your accounts payable setup and establish the most efficient flow to ensure your bills are paid on time. If you are a business with many suppliers, we will make sure that each account you have with your suppliers is reconciled and that your suppliers have marked off every payment you have made to them and that they have also correctly applied every credit they have issued to you.

There is no need to pay your suppliers in single payments anymore as we can save you time and money by setting up batch payments for your bills through your accounting software. We will also send out remittance advices once the payments have been made to ensure those payments get marked off by your suppliers.

You can also forget about filing all your bills as we will implement a paperless system, so all your bills are saved electronically.

Give us a call or email us to find out how we can take the stress out of your accounts payable and accounts receivable processes.

Frequently Asked Questions

We work with Xero, MYOB, Quickbooks and Excel however we find that in most cases Xero is usually the best option for our clients.
Yes, we communicate with our clients through email, phone and Zoom.
We accept payment via Visa, Mastercard, American Express or Bank Transfer.
Depending on your turnover you may be required to lodge your BAS every Month or every Quarter.

For Monthly BAS - The due date to lodge and pay your is the 21st day of the month following the end of the taxable period.

For Quarterly BAS – see due dates and concessions below:

July, August and September original due date: 28 October, BAS agent concession for lodgement and payment: 25 November

October, November and December due date: 28 February

January, February and March original due date: 28 April, BAS agent concession for lodgement and payment: 25 May

April, May and June original due date: 28 July, BAS agent concession for lodgement and payment: 25 August
Bookkeepers charge a lower hourly rate than accountants, so you'll save money by doing as much work as you can with your bookkeeper, before handing it over to your accountant to finalise and lodge.
Our qualifications include Bachelor of Accounting, Advanced Diploma in Accounting and Certificate of Bookkeeping.
Our rates will depend on the services required, please give us a call to discuss your needs and options we have available.

Schedule a Free Initial Consultation

Get in touch with us today to schedule a free initial consultation via phone or Zoom. Here we will discuss your requirements and offer a tailored quotation depending on your individual requirements.