Davidsons Accountants and Business Consultants

Whether you are a listed company, private business, or community organisation, we can help you improve the value and sustainability of your business.

We are the local Geelong, Surf Coast and Western Suburbs Audit specialists, with a substantial portfolio of clients across the following sectors;
- Private and Public corporate businesses
- Not-for-profit organisations
- Education
- Health and Community Services
- Government bodies
- Professional Organisations

Our priority is to assist you and your business to achieve your strategic goals and objectives by providing you effective solutions to meet your financial reporting, regulatory and operational needs.

We can provide your organisation with a variety of audit and assurance services, including:

1. Compliance and Regulatory Audits
Our team will assist you to ensure you are on track to fulfill your compliance obligations, which involve:
- Financial Statement Audits
- Statutory Audits
- Trust Audits (Legal and Real Estate)
- Acquittals
- Sales Audits
- Stock Control Audits
- Due diligence and business acquisition reviews
- Investigative and forensic accounting reviews
- Advice regarding application of Australian International Financial Reporting Standards (AIFRS)

2. Internal Audit
Customised for each client, our approach includes:
- Internal control reviews
- Key risks audit
- Reporting risk-ranked findings & recommendations

3. IT Audits
Assisting to identify IT deficiencies, our time will provide a framework to:
- Safeguard assets
- Maintain data integrity
- Streamline operational effectiveness

4. SMSF Audits
Our expert team can offer a comprehensive audit for:
- SMSF advisors
- SMSF accountants
- SMSF trustees

5. Risk Management Services
Our team provides a full range of Risk Management services including;
- Business Risk Management
- Risk assessment Audits
- Compliance audit
- Information Technology Risk
- Assurance
- Data Analysis
- Disaster Recovery and Business
- Continuity Planning

Let us balance your books while you grow your business.

1. Bookkeeping Services
Not only do we use the very best cloud accounting software, but our bookkeeping is fully automated, streamlined and efficient in order to reduce the cost for your business. Additionally, our Bookkeepers can work on site ore remotely in order to service your business in a way that works for you.

Our bookkeeping services include:
- Accountants payable and receivable
- Bank Reconciliations
- Creditor Payments
- Journals
- Debt Collection
- GST and BAS requirements
- Cash Flow Management
- Set up and maintenance of accounting and office systems
- Graphical financial reporting and analysis
- Preparation of financial budgets
- End of Financial year processes
- Profit and Loss Statements
- Sales Reports

2. Payroll Services
Let us take care of administrating your payroll so you can focus on what you do best in running your business.

Our comprehensive and confidenital payroll services include:
- Processing and Reconciling
- Leave accrual audit
- Set up and checking of set up
- Advice on compliance (Super, Awards, Etc)
- Administration of PAYG, statutory sick pay, annual leave
- ATO Filing
- Summaries and Analysis of Staff Costs
- Administration of incentive schemes, bonuses and termination payments
- Year End Administration (WorkCover, Payroll - Tax and Super SGC annual recs)
- Training and support on MYOB, QuickBooks, Reckon and Xero software

3. Rescue Work
If you are behind on your books and accounts, we can help bring you up to date, provide you with peace of mind, and help you build a strategy moving forward so you don't find yourself in a similar situation again.

Our resuce services can assist with:
- Dysfunctional Payroll
- Incorrect or outstanding invoices and bills
- Incorrect BAS lodgement
- Unreliable inventory figures
- Bank accounts that don’t match your statements
-Trade Debtors/Creditors that don’t match your balance sheet

4. Software Integration
We provide in the cloud solutions seeking an alternative accounting software including MYOB, Quickbooks Online (QBO), Reckon and Xero.

Our Software Integration services range from:
- Manual (Excel or other) transition to Cloud
- Transitioning to new product/Conversions
- Upgrades
- Training

5. Bookkeeper Cover
Are you worried how you are going to manage your books while your regular Bookkeeper goes on leave? Our Bookkeeping Cover will support you, and we will help you keep your Payroll, Accounts Payable/Receivable, and other requirements up to date in their absence.

Self-managed superannuation funds (SMSFs) combine all the tax advantages of superannuation with greater flexibility in investment choice and access to a wider range of wealth building options than are available in public-offer superannuation funds.

Our SMSF team is highly technical and experienced and will work with you to establish your SMSF as well as provide a full ongoing SMSF administration service.

Our SMSF services include:
- Assist with the establishment of your SMSF
- Work with you to ensure your SMSF remains compliant with ever changing superannuation legislation
- Provide “real time” financial reports so you can easily monitor the financial performance and asset allocation of your SMSF
- Provide advice on any SMSF regulatory and compliance concerns your SMSF may encounter
- Provide advice on the structuring options available for your next SMSF property purchase
- Provide advice on how you can utilise your SMSF to facilitate family succession and intergenerational wealth transfer
- Assist with the establishment of pensions and advise on your eligibility to draw benefits from your SMSF
- Monitoring of your annual contribution and pension limits
- Work together with you (and your solicitor) to provide guidance on how your super assets may be distributed on death
- SMSF Administration

SMSF Administration includes:
• Preparing year-end financial statements for your SMSF
• Preparing and lodging the fund’s annual income tax and regulatory return
• Satisfy new transfer balance account reporting (TBAR) measures with the ATO
• Arranging an annual actuarial certificate
• Arranging the statutory annual SMSF Audit
updates to the Fund Deed and Trustee structure
• Taking care of paperwork and calculations in relation to the commencement and maintenance of pensions
• Preparing trustees’ minutes in relation to certain events
• Other statutory obligations such as ASIC