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PINK Accounting

Wynnum West

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About

We are XERO bookkeeping specialists & provide a wide range of professional services including data entry, reconciliation, accounting file setup, BAS & ATO correspondence, ongoing bookkeeping support, payroll & superannuation, TPAR & ASIC compliance work

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Q&As

We review & lodging Business Activity Statements & other ATO statements under the under BAS provisions of the Tax Agent Services Act 2009 (TASA). I also assist with the high-level review & correction of your accounting file (especially when your accounting files have multiple complicated transactions & never been properly cleanup) then we look after your file to ensure all compliant & up to date.
We also provide the accounting setup package for any.

It is crucial to have a good accountant who supports you along your business journey. You only need to focus on the value creation of your business & generating income & cashflow for your business, rather than worrying about compliance & accounting issues. This internal part would cost you a huge amount of money later on if you did not have everything right in place, where a massive cleanup must occur.

What I love from this job is to create great values for my clients & relief them from compliance distress. They are working very hard and should not be bothered by these things. My clients always feel secure because they know I am there to assist them.

I want to serve clients better with the proper pricing. I disagreed with my former supervisor about how we should treat clients. Business owners & accountants should be partners rather than the only fee-charged relationship. Of course, working in the accounting field, we are bound by the accounting framework & code of ethics and can't always follow the client's direction. But we still can do the right things & support our clients at their best interest lawfully at the same time. I want to change the impression that when the client needs help, they don't hesitate to call me. They don't need to worry about "How much will I be charged", "Will their advice worth my money?" and they will be able to make an informative decision.

Because I am highly skilled at what I am providing, I used to clean up multiple HUGE files with highly-complicated entries & make my client's book great again. I can also do that for you.
What I normally see is, many small & micro businesses pick up an underrated bookkeeper/clients (so-called "affordable") due to their tight budget. It would be OK if their business remains the same after several years running (Less likely). After about 3-5 years, when the business is expanding and growing, they realise that their book has lots of issues, the 3rd-party tax accountant/consultant refuses to do the tax returns due to poor records. I used to take over these clients and make a great change, but they ended up paying double or triple than the cost they would pay if they pick a good accountant/bookkeeper in the first place. The cleanup work does normally cost much more than the data entry & lodging your business activity statements correctly from the beginning. And every year, you should get the accountant to review your entire book, adjust whatever it requires before lodging your income tax return. In various circumstances, I have seen a company must amend its tax return(s) because their file was not reconciled before calculating their tax obligations. (Not to mention the ATO General Interest Charges keep accruing in the meantime).

Services

Establish your payroll profiles for all employees & conversion balances where required. (using XERO Accounting)

Setup Single Touch Payroll.

Establish your payroll formula & simplify your payroll & superannuation process as much as possible.

Provide good training for you to either you will run your own pay run (save your huge cost), or we can assist you along the way.

Review & feedback your payroll work (not required if we are processing your payroll) & fix any errors.

Continuously support whenever you need.

End-of-month or End-of-quarter Tax and Superannuation reporting

• Address any bookkeeping-related queries you may have.
• Investigate & rectify errors within your XERO file upon your request
• Helping with some significant transactions such as mortgage, rental equipment, fixed assets
• Providing detailed instructions on any advanced XERO parts or functions, you may need
• Calculation & reminding of WorkCover
• Monthly briefly review your XERO to ensure the consistency & reasonable accuracy
• Formulate or run an unscheduled payroll in case an adjustment is required
• Prepare & Lodgement ATO reports (IAS/BAS/Super, etc.) when required.
• Liaise with the ATO/WorkCover/ASIC or other authorities/Bodies upon your request.

• XERO accounting file that suits your business needs
• Fixed asset register that is aligned with your nearest financials
• All bank accounts & credit cards' bank feed if available
• Inventory standard function
• Automated Invoicing & reminder
• Repeating invoice/bills & bank rules which help streamline your data entry
• Streamlined timesheet & payroll processing (including Single Touch Payroll STP)
• Automated superannuation reporting & payment process (Available from XERO premium 5)
• Tracking function for division reporting
• Direct Activity Statements & Government support tools to the ATO without accessing to the ATO business portal
• XERO app installed on phone for your convenience, which allows you to capture all receipts/invoices/document on-site and to allocate relevant expenses/income regardless of geographic location.
• A 3-hour training session that covers all features you will need for daily data entry & bookkeeping tasks
• Preparation & lodgement for the Business Activity Statement (BAS) for the first quarter upon the completion of the XERO file setup
• 2-month ongoing support without extra charges.