Adept Bookkeeping
20 Porro Road, Landsdale WA
(2)
20 Porro Road, Landsdale WA
(2)
Quality bookkeeping is vital to any business. At Adept Bookkeeping, we make it our mission to ensure that as an accounting partner, the financial transactions and records of the company are kept up-to-date and accurate allowing key decision makers to rely on management reports.
Show more
2 customer reviews
Hemal Patel - Director of Opticcoms Pty Ltd
Adept Bookkeeping has been our trusted bookkeeper for 5 years. We have been very pleased with the work he has done. He is very diligent, punctual and accurate, as well a pleasure to work with. We have had 2 bookkeepers in the past 3 years, prior to Kishor, and find that Kishor has helped us more than anyone else, with all our bookkeeping needs. He has extensive knowledge and has been very resourceful. Additionally, he takes a personal interest in our business. We highly recommend Adept Bookkeeping More...
Sunny Patel -Director of Foamat Pty Ltd
Kishor Senghani of Adept Bookkeeping is amazing. Kishor is smart and professional. He quickly understood my business and how I work in Xero.
He immediately provided me with improvements on how I can run my business better with Xero. He gave me great tips on using Xero to improve my P&L.
He is accessible and flexible. He treats me the way that I treat my customers with respect and dignity. I highly recommend Adept Bookkeeping.
More...
What kind of accounting services do you provide?
Services we provide:
- Xero & MYOB setup & Training
- Data entry & bank reconciliation
- Payroll
- Accounts Payables (Suppliers invoices & payments)
- Accounts Receivables (Customer Payments reconciliation + Debt collection)
- BAS Lodgment
- CFO Services
- Business Systems (POS, Inventory Management, Job Management e.t.c.)
Why is it so important for businesses to hire a great accountant?
A great accountant can lighten the load on the business. They can take away the day-to-day recording of receipts, invoices and other transactions.
They will work with you to make sense of the numbers. They will also be able to advise you on:
- add-on solutions to streamline your business workflow, such as POS tools
- payroll services to simplify the way you pay your staff
- bookkeeping rescue work, tidying up mistakes made by inexperienced staff
- training for business on using accounting software.
They can also offer day-to-day support for business owners.
What do you love most about your job?
Being helpful, even if not in an exceedingly obvious way. You take a lot of the burden off business owners, allowing them to focus on growing their business, while keeping everything organized.
What inspired you to start your own business?
What inspired me to start my business was the growing realization that there was a need and a demand for my services.
Why should our clients choose you?
Ask Our Clients
We prefer our existing clients to tell you what they like about working with us. Should you wish to work with us, let us know and we can put in touch with some of our existing clients.
Can you provide your services online or remotely? If so, please add details.
Yes. Our services are available remotely as well as on-site.
What changes have you made to keep your customers safe from Covid-19?
- We enforce social distancing when possible
- All employees have their own equipment and suppliers (no more sharing :))
- We have restricted workplace visits to clients only and whenever possible we have been encouraging Zoom Meetings
Data Entry
Record details such as:
– the value and date of the transaction
– who it was with
– what was bought or sold
Assign that transaction to the right account in your ledger.
Purchases and sales data are often lifted from places like point-of-sale systems, business bank statements, invoice records, and receipts.
Bank Reconciliations
Bank reconciliation helps you find and fix data entry mistakes or missed transactions. It’s also good for detecting wrong payments or fraud. As you run through the transactions, you can also assign them to the correct business account (if you haven’t already) and flag tax deductible expenses for when you file a return.
Monthly Financial Reports
1. Balance Sheet / Statement of Financial Position:
What it tracks:
- Value of things owned (including cash) vs things owed
What it tells you:
- If the business gained or lost value, and its current financial position
2. Profit & Loss
What it tracks:
- Money earned vs money spent
What it tells you:
- If you had a profitable month or ran at a loss
3. Cashflow Statement
What it tracks:
- How much cash the business earned
What it tells you:
- This is useful for businesses that sell things on credit because it shows how much spendable money you have
4. Aged Receivables
What it tracks:
- Who owes you, how much, and when it is (or was) due
What it tells you:
- Which accounts to chase
5. Aged Payables
What it tracks:
- Who you owe, how much, and when it is (or was) due
What it tells you:
- Demands on your cash and any relationship risks you might be facing
Manage Accounts Receivables
Accounts receivable involves invoicing customers and tracking payment of those invoices & to follow up on overdue payments.
Manage Accounts Payables
Paying bills isn’t very glamorous, but it’s important work. They’re debts and need to be managed closely – with one thought for your suppliers and another for your bank account. Our aim is to pay bills on time, without running your bank balance too low.
Payroll
Payroll involves calculating employee pay, create payslips, generate reports for the ATO, deducting things like tax and superannuation contributions, then distributing money to all the right people by the right dates.
Business strategy
Creating budgets and forecasts, and advising on
how to improve the business.
Training
Working with staff on best practice
bookkeeping and use of software solutions.
Liaison
Meeting with accountants, on behalf of you, about financials and tax queries. Acting on behalf of you with the tax authorities.
Business process
Reviewing, researching and implementing software solutions and internal controls to streamline the business and enhance performance.
End of year reporting
Assisting with annual profit and loss and balance sheet reports.
