Accounting or Bookkeeping process is crucial to every business, since, it helps manage the revenue and the expenses of every business. Accounting task includes storing, sorting, and recording the financial transactions inclusive of small proprietors. Accounts and audited balance sheets help understand the overall business financial situation. Employing a dedicated in-house resource might not work well for everyone, hence, Accounting Outsourcing is beneficial for business, irrespective of the business size. It helps enhance the efficiency of the business so you can focus better on the business-specific task.
If you are in search for any form of equity funding or debt-related service, you need to have accounting task in place. Online Accounting Service of Whiz Consulting is designed to manage proper cash flow, financial analysis, savvy record-keeping as well as monitoring the overall expenses made by the business. All the accounting tasks are carried out to ensure new avenues of growth for the business.
End To End Outsource Accounting Services For Australian Businesses
With combined experience of over 10 years and knowledge of all the popular accounting tools like XERO, Quickbooks, MYOB we assure you we can look after end to end bookkeeping for all sorts of businesses from e-commerce companies with inventories at various locations and multiple currency transactions to technology or human resource companies with hundreds of employees. We are your trusted accounting firm online. You can outsource end to end accounting for your business based in Australia and we will make sure your books are kept neat and reconciled round the year.
Simplified and Efficient Small Business Accounting
Accounting for small businesses is a necessary chore as it helps the small business stay on top of all the financial tasks. During the early stages of business small business accounting comes handy, you lay a strong foundation for all the future business decisions. Whiz Consulting, an Accounting and Financial services Outsourcing firm helps you keep a complete record of all the expenses and the cash flow effectively. We extract the necessary financial information from your business transactions. Online Bookkeeping service offered by our experts is sure to simplify your accounting hassles.
Our small business accounting service entails more than mere managing the debits and credits of the business. It is designed to keep you cognizant about the past and present performance of the business, as well as help generate invoices and also complete payroll. The vision is to improve the overall finances of the business and keep a track on the latest business happenings.
Online Accounting Services We Offer Our Australian Clients
From small business bookkeeping, passing journal entries to maintaining complete records of books of accounts, we can maintain end to end books for you using the accounting tool/software of your choice. With proficiency in using tools like XERO, Quickbooks, MYOB, Zohobooks, Quicken, Business Vision, Simply Accounting and many more, we will make sure your books are in perfect condition round the year as well as we will make sure that you have all the reports that you need whenever you want them like balance sheets, P&L statement, debtor reports etc. as per the Australian reporting standards making sure the books are neat with everything reconciled round the year.
We can prepare a daily/weekly/biweekly reports for accounts payable and send the same to you so that you never breach payment terms with your clients as well as are always at peace of mind. Our outsourced accounting service encompasses scanning of invoices to making sure payment terms etc. adhere to your company policy, we will make sure things are exactly as they should be and we will make our responsibility to raise a red flag with you when they are not.
You cannot expect your business to sustain let alone talk about growing if you are not sure how much you ought to receive from your debtors. You also need to make sure you receive what the others owe you as well as that is done in a timely manner to keep that cash flow moving. We are an Accounting Firm Online that ensures you receive money from your debtors and that is done in time either by reminding you of the overdue payments or by contacting the clients directly on your behalf.
With years of experience working with Australian clients, our outsourced accounting service knows exactly what all is needed by the regulatory bodies/your in house CPA’s and we can produce the same for you like periodic reports, BAS, income statement analysis, profit & loss, balance sheet, debtor report, cash flow statement, bank reconciliation report, business analysis report, financial analysis report, ratios or any ad hoc report that you might need like project-wise profitability etc. You can trust us with your financial reporting requirements and we can even get in touch with your CPA and make sure everything is there as and when he wants.
We look after weekly/biweekly/monthly payrolls for our clients including PAYG, Superannuation’s, Tax Calculations and deductions along with emailing of salary slips to employees and will be happy to look after all/a part of them for you. From calculating and including reimbursements along with employee leaves etc., our online accounting service will help you by keeping a vigilant eye on the complete payroll activity for your business.
Since we have been working with clients/businesses based in Australia for a while, we know about the mandatory regulatory filings like BAS and we can prepare BAS returns for our clients which their CPA’s or BAS agents can file. You can count on us for accuracy of these statements and we will make sure these statements are prepared well before due dates.
Outsource your end to end bookkeeping of your Australian business to the expert team at Whiz Consulting like dozens of other clients in Australia and we will make sure all you have is a smile on your face when you think about your books as you can be sure that they will be updated, organized and neat round the year.
BAS /FBT Lodgement
We are proficient in filing of yearly/quarterly/monthly BAS & FBT returns with the ATO as well as calculation and payment of PAYG amounts and FBT amounts. You can count on us for accuracy of these statements and we will make sure that these statements are prepared and lodged well before due dates.
With the experience of an Australian CPA in our team, we can prepare and lodge your tax returns, for Companies/Trust/Partnership/Individuals and also planning your tax liability in the most efficient way.
Business Set-Up Assistance & Advice
We help you out in structuring your business, deciding on your business structure, Registrations – ABN, TFN, registering your business name, registering for correct taxes.
Our Work Process:
STEP1: Setting Up A System
We design a system for data transfer, assign timelines to various tasks and get the same approved from you. For eg. you can send us all the data for payrolls on every Friday and we will make sure the payroll is ready by Monday so that you can post the payrun on Tuesday/Wednesday. Similarly, you can tell us payment terms with various vendors and we shall make a note of that and make sure to remind you/your client directly for the overdue payments.
STEP3: Processing of Data
On the basis of inputs received from you, we start inputting the data in your accounting software like XERO, Quickbooks, MYOB etc. and come up with queries if there are any, if not we update everything as they should be.
STEP2: Sharing of Data
You can share the data with us via Dropbox, Google Drive or emails on a daily/weekly basis as per your workload and requirements and we will make sure all the activities are completed in the timelines agreed with you.
STEP4: Review, Follow Up & Revision
We review the activities on constant intervals, ask for your feedback and make revisions wherever required so that we can be sure that we are delivering the best.
Why work with us:
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5/5 Stars for their service.
Kavish and his team have been great with preparing our BAS statements.
We are really happy with their work and will be using them for all of our bookkeeping going forward.
I had tried a number of providers for similar work prior to them. They have grasped a complex situation and instilled order. A wonderful outcome that is exactly what I needed at this time in my growing business.
Wonderful to work with they are very knowledgeable and skilled in accounting. Perfect English and easy to communicate with.Very pleased.
Good work and solid Xero understanding.
Very Capable and competent team. Would highly recommend!
Big thanks to whiz consulting for helping me out with managing our payroll processing with such efficiency. Great work guys! We highly recommend.
Great work! we are so impressed by whatever methods they apply to run our accounts smoothly. They are amazing and always keep us update with our bank statements and how we should plan the future budgeting and etc. Thank you so much.
Thanks to whiz consulting for making the process of salary calculations and management of salary slips easy for us. They offered us various services and a team of polite professionals that gave us assistance with handling the salary department.