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Professional Bookkeeping Services For Enhance Control of Your Business Finance


Bookkeeping is a crucial part of a business, and it is concerned with collecting, organising, and recording financial data. The primary task involved in bookkeeping is gathering, filing, and organising every bit of financial data related to the business. Bookkeeping is pivotal for businesses as it assists in making predictions of the future of business by compiling data. Up-to-date and accurate bookkeeping stands tall as the backbone of any business. No matter what size your business is, you must understand that you must have your bookkeeping in place to enjoy benefits in the long term.

Whiz Consulting extends bookkeeping services for small businesses as well as for medium and large businesses. Our expert virtual bookkeepers are well skilled and experience to cater for the specific demands of all businesses irrespective of the scale of operation. We customised all our services to suit the client's different needs and expectations at a competitive price while saving client's time alongside increasing their productivity.

List of Bookkeeping Services We Offer


Start-Up

  • Dedicated Bookkeeper
  • Bookkeeping Twice Every Week
  • Highly Experienced Accountant
  • Bank & CC Reconciliation
  • Payables & Receivables Function
  • Payroll Calculation & Tax Payments
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Up to 300 Transactions / Month
  • Preparation and Lodgement of BAS
  • Inventory Management and Reconciliation

Growing

  • Planning of Taxes
  • Dedicated Bookkeeper
  • Bank & CC Reconciliation
  • Financial Ratios Reporting
  • Budgeting Quarterly / Yearly
  • Monthly Financial Statements
  • Bookkeeping Thrice Every Week
  • Highly Experienced Accountant
  • Up to 600 Transactions / Month
  • CFO Advisory Once Every Quarter
  • Payables & Receivables Function
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Preparation and Lodgement of BAS & FBT

Established

  • KPI Reporting
  • Planning of Taxes
  • Lodging Income Tax Return
  • Full Time Dedicated Bookkeeper
  • Bank & CC Reconciliation
  • Payable & Receivable Function
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Up to 1000 Transactions / Month
  • Budgeting Quarterly / Yearly
  • CFO Advisory Every Monthly
  • Cash/Revenue/Expenses Forecasting
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Preparation and Lodgement of BAS & FBT
  • Strategic Advice on Managing Revenue, Expenses, Cash Flow
  • Expert Financial Accountant CPA/CA/Post Graduate Finance

Specialised Reporting Customised to Fit Our Client's Needs


Aside from what most standard bookkeeping service offers, we also provide custom reports that enable our customers to better analyse their revenue and expenses. Some of those services are:

Customer/Product Wise Reports

Analyse every client or product revenue-wise

Project/Event Wise Reports

Analyse the success of specific events or projects

Branch/Department Wise Reports

Analyse different branch or department expenditures

Break-even analysis

Analyse and understand your business’s margin of safety

Bookkeeping Services for Various Industries


We provide outsourced bookkeeping services to a diverse range of industries for the last decade and now have an in-depth understanding of how each of these industries works.

Outsource Bookkeeping Vs. In-House Bookkeeping


Requirements of Online Bookkeeping Services In House Bookkeeper Outsourced Bookkeeping
24*7 Maintenance
Accuracy
Minimum Costs
Backup in case of extra workload
Employee Benefits

Our staff is trained to work on all the best bookkeeping software used in Australian business. We can work efficiently on QuickBooks, Xero, MYOB, Zoho Books, or any specific software as per the need and choices of our clients. Our bookkeepers have also worked on specialised software like small business bookkeeping software or industry-specific bookkeeping software.

Our Bookkeeping Process


Provide Access

To books and bookkeeping data by the client

Data Analysis

For understanding the work done previously

Understanding Requirements

Of client and any other specific deliverable

Processing of Data

For an action plan & scope of work

Delivering Reports

Specific to client's need and on time

Our Technology Partners


Below are our technology partners to serve our clients. Click on the logo to know more about the features of each software.

Outsource Bookkeeping Services Australia-Wide


Our bookkeepers extend the best and the most reliable bookkeeping services in Australia. Whether you want bookkeeping services in Parramatta or bookkeeping services in Sydney, we have got you covers. So if you are on the lookout for bookkeepers in Melbourne, Brisbane, Parramatta, Canberra or Adelaide, you don't have to hire a local bookkeeper anymore. Our Virtual bookkeepers can fulfil all your bookkeeping needs.

For small business bookkeeping needs, our services can do wonders for your small business. Competitive pricing yet quality services will ensure that you do not lack behind in core tasks while our experts take care of your finances. Bookkeeping services for small business is not a luxury anymore and more like an essential investment which can help you grow your business. We ensure that our clients are served by experts reducing chances of any inaccuracy while keeping management's mind off from the burden of managing and controlling additional human resources.

We extend the facility of virtual bookkeeping services, payroll outsourcing services, and other accounting services to all businesses irrespective of their business size, helping clients manage their business finances. We have the right digital tools to help your business propel and still keep the finances on track. So, if you want bookkeeping services near you, look no further. Contact us today!

Frequently Asked Questions (FAQs)


A bookkeeper is responsible for keeping track of all financial transactions and providing accurate, up-to-date financial information to the business owner to help them make crucial decisions. The frequency of bookkeeping tasks will depend on the size of the business and the number of transactions in a particular period. Additionally, bookkeepers may conduct some tasks generally performed by accountants, such as preparing financial reports.
Bookkeeper and accountant have separate roles; however, few tasks might traverse. For example, a bookkeeper focuses on data entry, bank reconciliation, invoicing and paying bills, whereas an accountant focuses on payroll management, tax preparation, financial planning, monthly or year-end reports. They then analyse and interpret the data to help with the decision making process.
A bookkeeper can take upon the role of an accountant for a small business if they have similar skills to that of an accountant. However, to lodge a return in Australia, your bookkeeper has to be a BAS certified agent. Our virtual bookkeepers at Whiz Consulting are highly experienced and skilled bookkeepers who can help you with both bookkeeping and accounting for your business. We also have BAS certified agent to help with lodging tax returns.
A very unhealthy small business practice we have seen is owner's tending to bookkeeping on their own or, worse, not paying attention to bookkeeping. Many feel it is not a critical business process, but bookkeeping for small businesses is essential for medium or large companies.
Neglecting bookkeeping for small businesses can result in cash leakage, bad debts, inaccurate financial data, untimely decision making. The bottom line is that you will end up suffering heavy financial losses. However, we understand that it is overwhelming to run a small business that can take care of the operations and financial processes. That is precisely why bookkeeping services for small business is a must, especially if you don't want to incur high cost on a hiring a new employee.

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