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Bookkeeping services to start the financial year the right way

Wednesday, July 13, 2016 - by Max Business

Happy New (Financial) Year!

You might think now that you’ve made it through the frantic end of financial year, you’re done with bookkeeping until next June, but as we here at Max Bus know (and you, too, know it deep down!) that a business’s finances can never rest.

In fact, the start of a new financial year is a great time for a business to check on and clean up its accounts.

Often, we find clients set out with the right intentions to do this… but the (fiscal) year begins and, just like that resolution you made on January 1st, it slowly fades as it slips to the end of your to-do list.

Bookkeeping services from Melbourne's Max Business

End of financial year bookkeeping services

June 30 has just passed, and for many business owners, the weeks leading up to this date have been a frantic time where you have engaged a bookkeeper to help out with the following:

  • Filled out an income tax return
  • Completed your BAS
  • Reconciled payroll
  • Provided employees with their group certificates

…and everything else necessary to ensure you’re meeting tax and government obligations.

Phew, the financial year is over – but you can’t necessarily ignore your business’s finances just because we’re now in July!


Start of financial year bookkeeping tips

The start of financial year is a great time to get your bookkeeper to do some routine checks and reviews. This can include:

  • A review of your business’s tax return
  • Super contributions
  • Current debts and credit cards
  • Bank accounts

Have you reached a point, as a business owner, where bookkeeping is taking up valuable work or social time? Have you considered outsourcing your bookkeeping needs? Not only will it free you up so you can get back to what matters most, it’ll also be done by a team of experts!


Xero and MYOB bookkeeping make business finances simple

It’s never too early to start preparing for tax time, and with all the modern technology that exists, paper receipts are a thing of the past.

Here at Max Bus, we instil trust in two of the world’s most recognised and dependable accounting solutions, Xero and MYOB bookkeeping. (You can find a full list of our bookkeeping and account management partners here.)

Xero

Known for its simplistic user interface, Xero does away with paper invoicing and is a complete cloud-based account management program. It’s an efficient solution filled with a ton of features business owners love, including:

  • Accounting
  • Invoicing
  • Reconciliation
  • Payroll
  • Expenses
  • Reporting

Max Bus is a proud Xero Silver partner.

MYOB bookkeeping

Another cloud-based system, MYOB provides bookkeeping and account management software that offers progressive and simplified services to business owners. If you’re a time-poor business owner, you can recapture the time spent on business accounting by outsourcing all that hard work to us.

We’re a MYOB Professional Partner with complete trust and confidence in MYOB’s bookkeeping software.

Bookkeeping advice

Bookkeeping Melbourne

Do the words ‘bookkeeping’, ‘tax’ and ‘end of financial year’ send you into a bit of a panic? Do you dread the conversations about payroll or BAS?

Sure, business accounting and bookkeeping isn’t everyone’s favourite topic, but if you’re a small business owner, it’s imperative that you engage reliable bookkeeping services to provide complete business account management.

The good news is that if you’re a busy business owner or entrepreneur, you don’t have to add “expert bookkeeper” your growing list of achievements – because there’s someone else who will do it all for you.

Maximum Business Solutions provide expert bookkeeping services to Melbourne clients every day of the year!

Isn’t it time you maximised your business’s accounts? Whether it’s bookkeeping basics or complete account management, we’re ready to help! Contact us today.