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Why should I use Brooks & Associates Bookkeeping Services?aat_member_logo

Brooks & Associates  offers on site, at your premises, bookkeeping services. We come to your office, factory or home – you provide the computer and accounting software necessary. This service is mainly for clients who need to access their accounting software daily to produce sales invoices, purchase orders etc. We will come to you weekly or fortnightly to complete all necessary tasks. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington area.

Offsite Bookkeeping

We also provide bookkeeping services from our premises.

There are many advantages to outsourcing your bookkeeping including no need to purchase and maintain computer equipment, no need to purchase expensive accounting software or upgrade software to remain compliant, more cost effective than hiring casual or part time staff, gives you time to concentrate on building your business. We can manage your weekly/fortnightly payroll off site, your creditors and debtors off site, can liaise directly with your accountant and have greater flexibility for you to maintain your books.

Data Entry and Reconciliations

Brooks & Associates Bookkeeping Services offers a full balance sheet account reconciliation service with our data entry account keeping. Regularly reconciling bank, credit card and loan accounts provides you with the reassurance that all transactions are accounted for which ensures the highest level of completeness and accuracy. Have you have bought your MYOB software, returned to your office or home, opened the box, inserted the CD, and installed the small business accounting software and… That’s as far as you got…? Yes, once you have set up MYOB, it’s a very simple record keeping software…but you have to set it up correctly.

You need to set up:

  • A company file
  • Tax codes
  • Accounts list
  • Customer set up and balances
  • Supplier set up and balances
  • Initial bank reconciliation and more…

This is where Brooks & Associates Bookkeeping Services comes in. We know setting up MYOB can be a challenge but we also know the benefits that having this accounting software can deliver. We have the experience; let us set up everything and then it really will be easy for you from then on. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington area.

BAS/IAS Preparation & Lodgement

As a registered BAS agent, we are subject to the Code of Professional Conduct (Code). The Code regulates our personal and professional conduct as a registered BAS agent in certain areas including Honesty and integrity; independence; confidentiality; competence and in certain other respects, including in relation to taxation laws. BAS and IAS preparation and lodgement is now a large part of all business’s financial function. It is critical that it is done correctly and on time to ensure that you avoid scrutiny and penalties from the Australian Taxation Office. Brooks & Associates Bookkeeping Services will ensure that all of your systems are set up to correctly collect the data needed. We are legally registered to prepare and lodge your BAS and/or IAS, which avoids you having to deal with your accountant at your accountants rates or having you worried about whether or not it has been done correctly. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside; Hallam and Mornington area.

Payroll Processing & PAYG summaries

Brooks & Associates Bookkeeping Services offers a full payroll outsourcing solution which includes:

  • Superannuation processing and reporting
  • PAYG payment and reporting
  • General ledger reporting
  • Payroll tax – payment and reporting
  • Withholding tax – payment and reporting
  • New Employee setup
  • Master file maintenance
  • Reduced administrative overheads

You will save money on payroll staff, expensive software and training, IT equipment, printers and sending out payslips and stop worrying about payroll issues, having to keep abreast of regulatory changes and superannuation compliance. Brooks & Associates Bookkeeping Services will take care of the lot.

Regular Management Reporting

Rather than waiting for the completion of year-end accounts, Brooks & Associates Bookkeeping Services takes a pro-active involvement in your business by providing a regular management reporting service. We acknowledge that many businesses require a better understanding of their accounting environment in order to make strategic decisions. This includes detailed knowledge of balance sheet financial position and profit & loss performance to date with significant accounts highlighted and analyzed in greater detail where required. Our tailored processes are designed to achieve the level of confidence necessary for strategic planning and budgeting, and ultimately, in achieving your growth objectives. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington area.

Profit & Loss

The profit & loss statement is a very important reference point to get a snapshot of how your business is tracking. For example; your taxable income is generally closely related to your final profit figure at the end of the year. So knowing your businesses financial performance can aid significantly in cash flow management for tax payments. As a part of our bookkeeping services your business will have an accurate and complete profit & loss statement for your reference and will always form part of your regular management reporting pack.

Balance Sheets

The balance sheet can provide valuable insights into your businesses financial position and it’s important that this statement is maintained accurately and is complete, taking into account all assets (to claim all available depreciation/amortization) and to correctly account for leases, prepayments, equity accounts plus more. Brooks & Associates Bookkeeping Services prides itself on completing our clients accounts to the highest degree of accuracy and completeness, allowing you to feel comfortable relying on your accounts to make important business decisions.

Accounts Receivable

Credit management and debt collection has a significant impact on the bottom line of all small, medium and large businesses. This makes it an incredibly important function that uses your time and effort to chase up outstanding debts. This is time that could be better spent on other aspects of your business. Brooks & Associates Bookkeeping Services offers a complete accounts receivable function solution that takes the hassle of keeping the ledger up to date as well as chasing the debts to get the money in. We will provide you with a detailed explanation of where a particular debt is at when you need it. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington area.

Accounts Payable

All businesses have bills to pay. It’s one of those unavoidable facts of being in business. As business owners we know that this is the case but sometimes we just want to forget about it. Let Brooks & Associates Bookkeeping Services help you forget about it! Brooks & Associates Bookkeeping Services offers a complete accounts payable function solution that takes the hassle of keeping the ledger up to date as well as keeping on top of when those payments are due to be made. We will deal with the calls from the suppliers and aim to keep both you and the supplier happy. We take the task off your plate whilst ensuring the bills are paid on time (or making appropriate arrangements) to keep the suppliers at bay.

Accounting Systems set up for new business

It’s a legal requirement for you to keep records of your business transactions for a minimum of five years. The best way to keep your business records is on an appropriate business accounting system. Brooks & Associates Bookkeeping Services will help you decide on the best accounting software for your business needs.Keeping good records makes reporting and paying your taxation and other business transactions much easier and helps you to monitor how your business is going.

Liaising with your Accountant

Brooks & Associates Bookkeeping Services will keep your accountant up to date with things such as BAS/IAS lodgement status, when they can expect to have your files for annual tax return and accounts preparation. We can also liaise with them regarding technical concerns to do with your accounts and even on specific tax matters that you may be concerned with. We aim to supply your accountant with your neat, complete and accurate file at the end of the financial year in a timely manner, so that when they receive the file it requires minimal work from their end, thus minimizing the accounting fees to you.

Software Upgrades

As a MYOB Professional Partner and Authorized Reseller of MYOB products Brooks & Associates Bookkeeping Services can provide you with MYOB software upgrades at a discount to the Recommended Retail Price. We will then aid in installing the upgrade so your business remains compliant.

Research on New Software to suit Your Business

Many businesses find their current accounting software is inadequate for their financial and management accounting needs. Brooks & Associates Bookkeeping Services can consult with you to find out exactly what it is that you require and want to get out of your accounting software package. We will then research products available on the market and provide you with options that best suit your needs. This saves you time so you can continue concentrating on your business uninterrupted. Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington area.

Why should I use Brooks & Associates Bookkeeping Services?

We aim to be your complete business finance function. Your in-house staff requirements may be reduced. Best of all, your bookkeeping and accounting functions will be taken care of, and it is tax deductible!

You can concentrate on the important things – running your business and making profits! Brooks & Associates are there to service the Frankston, Carrum Downs, Dandenong, Braeside, Hallam and Mornington areas.

Contact Brooks & Associates Bookkeeping Services