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Bookkeeping FAQs for Small Businesses in South Australia
Got questions about bookkeeping? We've answered the most common queries from our clients in Clare Valley, Kadina, and Adelaide to help you feel confident and informed.
Because there's no such thing as a silly question...
How much will my bookkeeping cost? Your bookkeeping service will be charged at a fixed hourly rate, that we will discuss, and only for the hours worked. There are no additional lodgement fees or other hidden costs.
How long will my bookkeeping take? Once we get talking and I take a look at what you are needing I will be able to give you a rough idea, but this is only a guess, as we often find things we didn't know about until we get into the work.
Which software do you recommend? I use and recommend Xero for accounting software. However, I understand that it may not be the right solution for your business, so I can work with you to work out which software will best meet your needs.
Why do I need to provide receipts? When processing your BAS we will sometimes request copies of receipts or invoices for transactions, so that we can verify that the business who provided the goods or service is registered for GST and to confirm the GST amount. This is more common if you do your own processing throughout the quarter. We recommend making use of the file in tray that is built into software systems such as Xero and MYOB. You can use this to upload your supporting documents, making it really easy as BAS time. Let us know if you would like to know more.
Why do you need to verify my identity when joining? It is a legal requirement, as set down by the Tax Practitioners Board, that we verify the identity of all new clients. We use a secure digital system called to Scantek do this verification process for us and any information you provide through that system is deleted after 7 days.
How does remote bookkeeping work? Remote bookkeeping is great! With cloud based accounting software, we can process your books from anywhere. You can usually send any documents directly into your unique files in tray within the software, which acts just like a traditional in tray on your desk. From there, we can process your transactions, review data, run reports and keep you in the loop, all while you are able to focus on running your business. For lodgements, we review and compile the reports, then we send to you to approve and digitally sign. We then lodge and return to you for payment.
QUARTERLY BAS LODGEMENT DUE DATES
Quarterly Lodgement
Due Date
(if you lodge yourself)
Due Date
(if your BAS or Tax Agent lodges for you)
Quarter 1 - July-September
October
Quarter 2 - October-December
February
Quarter 3 - January-March
April
Quarter 4 - April-June
July
November
February
May
August
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