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Small business bookkeeping: which account management package is right for you?

Thursday, October 12, 2017 - by Max Business

Bookkeeping can be a headache for a small business owner.

You have more than enough on your plates already without having to worry about balance sheets, bank reconciliations, and superannuation payments.

It’s no wonder so many opt to outsource their bookkeeping!

If you feel like small business bookkeeping is overwhelming you, there’s a solution: Maximum Business Solutions, in fact.

Our team of expert bookkeepers are here to take the burden off your shoulders and let you get back to running your business with confidence.

We understand no two businesses are alike. That’s why we offer a selection of different account management packages to provide the best bookkeeping solution for your business.

Small business bookkeeping accounts packages

Quarterly package: great for small business bookkeeping

Summary

Inaccuracy in your bank balances and financial records can be a killer. It’s vital for you and your business that your books are accurate and transparent.

Most small businesses owners aren’t trained accountants and bookkeepers. And that’s alright!

Instead of forcing yourself to run every single aspect of your business by yourself, take the pressure of reconciliations, balance sheets, and business activity statements off your mind.

If you’re a sole operator who needs basic small business bookkeeping support, our quarterly package could be perfect for your needs!

Inclusions

  • Bank and credit card reconciliation
  • Key accounts and balance sheets reconciliation
  • Identification of account discrepancies
  • Produce and lodge your Business Activity Statement (BAS) for you
  • We liaise with your tax accountant
  • Year-end reconciliation of files

Pricing

If you’re a sole contractor, or still deal with cash-in-hand and on-the-spot payments, then this starter package is tailor-made for you. From $195 per financial quarter, or from approximately $15 a week, this starter pack will cover all your bookkeeping essentials.


Monthly package: bookkeeping support for a growing business

Summary

You’ve been doing your own bookkeeping as a sole contractor. As your business grows, however, the bookkeeping requirements start to get more complex.

All of a sudden, you’ve started taking credit and hired people and now you have to worry about payables/receivables, payroll and superannuation on top of your existing bookkeeping headache.

If this hits close to home, then our monthly bookkeeping package is for you! Instead of wasting time trying to figure out how receivables are accounted for in the general ledger, you can shift your attention back towards business growth!

On top of our standard package, the following services are included:

  • AP review: Accounts Payable (the bills you owe)
  • AR review: Accounts Receivable (the bills owed to you)
  • Payroll processing
  • Superannuation reconciliation and submission

Pricing

From $295 per month (or from $68 a week) this package is perfect for growing business who are increasing their team and require more frequent and in-depth bookkeeping support.

accounts management packages

Weekly package: outsource all your bookkeeping needs

Summary

As businesses grow, the responsibilities and tasks that go with its financial books grow larger too.

It’s at this point that many business owners might consider hiring an in-house bookkeeper just to keep up with the sheer amount of bookkeeping work that needs to be done. But before you do that, consider our weekly bookkeeping package.

With this package, you get the support and skill an in-house bookkeeper would provide!

On top of our standard and monthly packages, the following services are included:

  • AP processing and payments
  • AR invoicing and collecting
  • Workcover and other compliance requirements
  • Employee setup and record maintenance
  • Journal entries
  • Periodic management reporting

Pricing

Our weekly bookkeeping package starts from $395 per week. Through this package, you and your business gain considerable extra services, effectively providing you with an extra staff member!

Bookkeeping software

Regardless of the package you decide is right for your business, choosing a bookkeeping accounts management package from Maximum Business Solutions gives you access to any of our bookkeeping software providers.

Using the latest technology and cloud-based solutions, our bookkeepers work hard to provide the best service for your business. View our partners here.


Need help choosing the right bookkeeping package?

View a side-by-side comparison of our three accounts management packages here.  

If you have further questions, please don’t hesitate to get in touch! Our team of seasoned bookkeeping professionals are available to help you choose the most appropriate package for your business’ bookkeeping needs. Contact us today.