Sole traders and Tradies
Bookkeeping
Central Coast, Newcastle and Lake Macquarie
Bookkeeping
At balance your business, we pride ourselves on our diversity of applications we know, Xero, MYOB and soon to add Quickbooks in to the mix.
Accuracy is one of our core values to ensure you can make key decision in your business with the right information at the right time.
Daily & Monthly Financial Management
Data entry of invoices, bills, receipts and payments
Recording all financial transactions
Reconciliation of bank accounts & credit cards
Reconciliation of supplier accounts
Liaising directly with your BAS Agent and/or Accountant
Accounts Payable/Creditors
Processing supplier invoices
Managing due dates
Ensuring payments are made on time
Accounts Receivable / Debtors
Issuing invoices
Tracking payments
Following up overdue accounts to improve cash flow
Administrative Support
General administration
Issuing Quotes
Following up prospective jobs
Onboarding and Offboarding Clients
Businesses we've worked with:
Ultimate Finish Painting & Decorating
Working Paws Dog Rescue
Virtual L & D Consulting
Frequently Asked Questions
Bookkeeper vs Accountant
A bookkeeper looks after your day-to-day financial records, while an accountant focuses on tax, compliance, and higher-level financial advice.
They work best together, not in competition.
What does a bookkeeper do?
A bookkeeper keeps your financial information up to date, organised, and accurate.
This usually includes:
Recording and reconciling income and expenses
Managing invoices and bills
Keeping your Xero or accounting software accurate
Preparing reports so you can understand how your business is tracking
Supporting BAS preparation (under a registered BAS Agent where required)
A bookkeeper helps you stay on top of your numbers all year round, not just at tax time.
What does an accountant do?
An accountant uses your financial data to handle tax and compliance and provide strategic advice.
This usually includes:
Preparing and lodging tax returns
Tax planning and compliance advice
Financial statements for tax purposes
Business structure advice
Year-end and EOFY reporting
Accountants typically work with your books after the bookkeeping is done.
Accounts Payable
Processing supplier invoices
Managing due dates
Ensuring payments are made on time
Accounts Receivable
Issuing invoices
Tracking payments
Following up overdue accounts to improve cash flow