Bookkeeper / Bookkeeping Services

Xero/MYOB Accountright Bookkeeping Services - Australia Wide

Bookkeeper - Bookkeeping services

The key functions of our bookkeeper / bookkeeping service include:

  • Recording all financial transactions for the business
  • Bank Reconciliation

We can also assist with Accounts receivable and Accounts payable processes if needed.

PremierOne’s bookkeeping service provides a complete array of bookkeeping and accounting services designed to assist small and medium businesses. Our bookkeeper’s primary goal is to help SMEs in ensuring reduction of their time spent on non-essential activities and empowering them to focus on the main business functions.

Proper accounting helps in establishing an effective management information system (MIS), and helps you manage your finances better. Adequate maintenance of books and accounts is a prerequisite to any business entity. Our bookkeeping plan is designed to provide a comprehensive year-round solution to all your accounting needs.

PremierOne’s bookkeeping services in Melbourne help to ensure your financial data are accurate and complete. It truly reflects the financial performance and position of your business. If your bills and receipts are piling up in the shoe-box, you risk non-compliance with the ATO. As a result, there could be severe consequences in terms of sanctions and penalties.

The process of the bookkeeping involves data entries to reflect the transactions undertaken by the business. As part of the month-end process, adjustment journals are entered in the system, to ensure all transactions relating to a period or month are captured and reflected in the financial reports.

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Bookkeeper / Bookkeeping Services

  • What is bookkeeping and what are its importance?

    Bookkeeping is the process of recording all your financial transactions into accounts on a regular basis preferable everyday. It is really essential for understanding your business performance and for preparing financial reports.

  • What does a bookkeeper do for a small business?

    A small business bookkeeper is able to take care of the financial aspects of a small business that a busy Small Business Owner would usually have to handle, despite it often not being in their area of expertise.

  • Why outsource my accounting department?

    Let a professional do a professional’s job. If you are like most business owners and CEOs, you take full pride in the services or products your company provides. You want to focus your time and energy on business strategy and goals. Outsourcing the accounting department to a dedicated, highly skilled professional services firm allows you to do exactly that. By outsourcing your accounting to PremierOne you’ll save valuable time in your day, reduce operating costs and gain peace of mind.

  • What locations do you offer your Bookkeeper's outsourcing services in Australia?

    Though we are located in Melbourne we outsource our bookkeeper’s to all states across Australia.

  • Where is your office Located?

    Our Office is located in Melbourne, Victoria. Our complete address : Suite 225, Waterman Business Centre, 44 Lakeview Drive, Scoresby, Victoria – 3179.

  • What are the duties of a bookkeeper?

    Bookkeepers are primarily responsible for maintaining the details of all the transactions done. Some of his responsibilities include Payment remittance, submitting the payments, recording payments in ledgers etc.. some Bookkeepers also take the additional responsibility of sending reminders for payments to be received to the client and track if it is received.

  • What should a bookkeeper know for bookkeeping?

    Our bookkeepers should become familiar with your chart of accounts for recording your financial statements. Bookkeepers would also reconcile your bank accounts.

  • Can your bookkeepers do account receivable?

    Yes Premierone’s bookkeepers are well equipped to keep track of your account receivable of your business.

  • What is the difference between a bookkeeper and accounting clerk?

    Our bookkeepers will act as the main accounting professional for entire accounts of small business enterprises, while accountants would be able to manage only specific account types.

  • How much would it cost for availing outsourced bookkeepers from premierone?

    The Cost for bookkeepers vary depending on multiple factors for small businesses . However we guarantee you that we provide bookkeeping at most affordable price in the industry.

  • Can your Bookkeeper provide financial advice?

    Our Bookkeepers provide data which can be used for understanding the financial status of small businesses. For financial advice and forecasts you can use our Virtual CFO services.

  • what is the minimum duration commitment for availing bookkeepers of premierone?

    You can avail bookkeepers from a minimum of 5 hours depending on your need.

  • Can your outsourced bookkeepers do Xero Bookkeeping?

    Yes our bookkeepers are experienced in Xero bookkeeping and are already doing Xero bookkeeping services for multiple clients.

  • Can your outsourced bookkeepers do Myob Bookkeeping?

    Yes our bookkeepers are experienced in Myob bookkeeping and are already doing Xero bookkeeping services for multiple clients.

  • Why should we prefer virtual bookkeeping services for my small business?

    Since most small businesses can’t afford to hire a full-time accountant, virtual bookkeeping is a good alternative. A certified accountant will oversee all essential bookkeeping tasks, and file your taxes, for a much more affordable price.

  • What does a bookkeeper do for a small business?

    A small business bookkeeper is able to take care of the financial aspects of a small business that a busy Small Business Owner would usually have to handle, despite it often not being in their area of expertise.

  • What are the possible challenges an Employer Could face concerning the Bookkeeping??

    • One of the biggest challenge in book keeping is being aware of tax concessions, liabilities and current government rules
    • Managing Flow Of Capital: This is really crucial for forecasts and management of the debts in a smart way
    • Formulating Process for Accounts: Receivables and collections
    • Failing To reconcile on a regular basis : it is recommended to reconcile monthly financial statements for keeping track of your business earnings and spending.
    • Controlling Expenditure: Bookkeepers help in reducing the expenditure by reviewing the amount spent on each resource and cutting down the unnecessary cost on time.
    • Ensuring the accrued employees’ entitlements are appropriately accounted for in the accounts of accounts to assess the realistic business performance metrics.
    • Frequent changes in the working hours, overtime hours and pay rates would require someone capable of processing these correctly.
    • Processing of parental leave, maternity benefits, redundancy and work injury-related entitlements and payments.</br>
    • Correct reporting to ATO and annual reconciliation for the wages/PAYG WH reported to the ATO with the payroll system.
    • Do I have good governance and controls in my payroll process to mitigate the risk of error and fraud?</br>
    • If your payroll system is a standalone system, periodical summary reports will get picked up in your financial accounting systems.
    • Suppose the KPI or performance bonus is meant to be paid as super exclusive, in 8/10 cases. In that case, it gets processed with superannuation, which goes unnoticed by the employers and does cause a severe negative impact on the bottom line.

  • What’s PremierOne's Process?

    • Setting up and configuring your payroll systems, specific to your requirements.
    • Creating the master file data for your employees with date of birth, TFN, leave entitlements and pay rates.
    • After getting the timesheet from you, we shall process the pay and send the draft for your approval.
    • Once approved, we shall finalise the payroll, email the payslips to your employees, send you the payment electronic batch file for you to process through online banking and reporting to the ATO through STP.
    • Superannuation processing either monthly or quarterly based on your reporting obligations.
    • End of financial year STP finalisation and reporting to the ATO.
    • Month end reports for you to track the various payment categories, changes over the previous pays,
gross summary journal for your accounts department to account for the payroll.
    • Round the clock support to address queries/issues coming from you and your employees.
    • Appropriate calculation of tax for fractured pays arising due to termination and onboarding of employees outside the normal pay calendar.

  • Why outsource my accounting department?

    Let a professional do a professional’s job. If you are like most business owners and CEOs, you take full pride in the services or products your company provides. You want to focus your time and energy on business strategy and goals. Outsourcing the accounting department to a dedicated, highly skilled professional services firm allows you to do exactly that. By outsourcing your accounting to PremierOne you’ll save valuable time in your day, reduce operating costs and gain peace of mind.

  • What locations do you offer your Bookkeeping services in Australia?

    Though we are located in Melbourne we offer Bookkeeping services in all states across Australia.

  • Where is your office Located?

    Our Office is located in Melbourne, Victoria.
    Our complete address : Suite 225, Waterman Business Centre, 44 Lakeview Drive, Scoresby, Victoria – 3179.

  • What is bookkeeping and what are its importance?

    Bookkeeping is the process of maintaining all your financial transactions in a systemized way on a regular basis, preferably everyday. It is essential for understanding your small business firm’s performance and for generating financial reports.

  • Do you provide virtual bookkeeping services for single entry system?

    Yes We provide outsourcing bookkeeping service for single entry system. If you require bookkeeping for single entry system you can contact us and our experienced bookkeepers would be able to help you with the same.

  • Do you provide virtual bookkeeping services for double entry system?

    Yes. We outsource our bookkeepers for double entry system. Our bookkeepers deal with double entry system day in and day out and would be able to help you with the same.

  • Is Financial statements provided as part of your bookkeeping services?

    Yes. We provide financial statements as part of our bookkeeping services. 3 major financial statements to be provided by our bookkeepers are the cash flow statement, balance sheet, and income statement.

  • Is Bank reconciliation included as part of bookkeeping services for small business firms in Premierone ?

    Yes. Bank reconciliation would be provided as part of our bookkeeping services. Our bookkeepers would do bank reconciliation for small business firms and in fact for every one.

  • Do you provide Xero Bookkeeping Services across Australia?

    Yes. We provide Xero Bookkeeping services at across all cities in Australia. Few key states we serve are Melbourne, Perth, Sydney, and scoresby.

  • Do you provide Myob bookkeeping services across Australia?

    Yes. We provide Myob Bookkeeping services at across all cities in Australia. Few key states we serve are Melbourne, Perth, Sydney, and scoresby.

  • Can a bookkeeper do Payroll?

    Bookkeeper and payroll are not one and the same. Our bookkeepers duties involve around transaction management which  includes Payment remittance, submitting the payments, recording payments in ledgers etc.. Our Bookkeepers also take the additional responsibility of sending reminders for payments to be received to the client and track if it is received. If you require Payroll services you can opt for our payroll services

  • Can bookkeeping be done Remotely?

    Yes. Our Bookkeepers are experienced and are capable of taking care of all our clients bookkeeping remotely. They have successfully managed the bookkeeping for most of our clients remotely in the past 2 years due to covid.

  • How hiring bookkeeper help for my business growth?

    For small business hiring a bookkeeper helps them to streamline their expense which will inturn help them to invest appropriately and get more dividends. Also, since our bookkeepers take care of all your bookkeeping activities you can spend the time you spend on it for something else productively. Our Bookkeepers keep themselves updated on the updates in law and compliance changes and act accordingly. Hence you need not worry about them.

  • What is a BAS Agents? Does Premierone have BAS agents?

    BAS Agents are registered practitioners who are authorized to prepare and file BAS returns on your behalf. Yes. We have bookkeepers who are registered BAS agents. Hence we provide BAS services to our clients.

  • What is the best bookkeeping Software?

    Bookkeeping softwares are decided based on the needs of our clients. Our bookkeepers would suggest you the best bookkeeping software upon analysing your specific needs. However the most popular bookkeeping softwares available in market are Xero , Myob & Quickbooks

  • Can a bookkeeper do tax returns?

    Yes. Our bookkeepers will be able to prepare tax returns for sole traders and individual self assessment returns.

  • What is the level of expertise of your bookkeepers?

    Our bookkeepers are experienced in all bookkeeping services. Their experience ranges from 10 to 40years.

  • Will my data be secured with your bookkeeper?

    Yes our bookkeepers are committed to their work and all your data is completely safe with us.

  • is it cost effective to hire bookkeeper for my small business than trying myself?

    It is best to hire a bookkeeper for managing your small business instead of doing it yourself, as it saves a lot of your time spent on bookkeeping activities. Bookkeeping by an experienced bookkeeper will also reduce the errors, than doing by yourself.

  • What should I provide a bookkeeper for starting with bookkeeping?

    Primary responsibility of the bookkeepers revolves around your accounts. Hence, it is imperative that you provide the bookkeepers, the access to your accounts and records to get started with bookkeeping activities.

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    Phone: 0416 339 239
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    Languages Known: Tamil, English
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    Categories: Bookkeeping Services, Payroll Services, Tax Accounting
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