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Services Provided

1. Set up accounts

  • Create chart of accounts
  • Import data into new accounting system or set up new contacts & items
  • Entry of opening balances and reconciliation
  • Set up company data and preferences
  • Set up GST
  • Go Live

2. Invoices/Purchase Invoices

  • Enter sales invoices
  • Enter purchase invoices

3. Bank Reconciliations

  • Mark off bank items ensuring validity of entry
  • Monthly reconcile bank balance to that in accounting system

4. Reporting

  • Provide Profit and Loss, Balance sheet reports and all other reporting as required

5. End of Year check

  • Go through accounts at end of year prior to accountant handover to check accounts are in good shape first.

6. Budgeting

  • Prepare annual budgets
  • Monitor budgets regularly
1. Set up payroll

  • Enter all employee data into accounting software
  • Set up opening balances if applicable
  • Set up payruns

2. Run payroll for whatever payroll period

  • Run the regular payrun from source documents

3. Prepare & lodge IAS statements

  • Reconcile PAYG to accounts and verify Gross Wages & PAYG Tax are correct
  • Enter & lodge IAS statement or include in BAS as applicable

4. End of year payroll processing

  • Reconcile annual payroll data
  • Prepare payment summaries for all employees
  • Lodge payroll data with ATO
1. Ensure all bank & credit card accounts are reconciled to end of period

2. Check data for accuracy and correct GST treatment

3. Complete BAS and lodge

 

"I have been working with Peter for 6 months now. In the first quarter he saved me $2500 in tax and BAS by introducing me to an app called receipt bank.This app on my I Phone allows me to take photos of my receipts, then send Peter a copy to match to my bank records. This is amazing!!! Along with this he lodges all my BAS statements and has saved me 8 hours a quarter where I would usually have had to stress over my BAS. Peter always gets back to me straight away and helps me keep up to date with my accounts and keep the tax man happy. He frees me up to run my business.
I highly recommend his service, It will more than pay for itself in the first quarter.

Nate Butler
Nate Butler's Studio
East Gosford.
Mr. Peter Yates
For the past 6 years I have been fortunate enough to utilise the expertise of Mr Peter Yates.
I am a small business owner and as I am not able to spend valuable time ensuring my accounting & book keeping procedures are up-to- date, I require a person who is approachable and professional to fulfil such tasks for my business.
Peter not only performs all 'tasks' efficiently & diligently, he is always offering advice & financial solutions for my business. I have no hesitation in recommending Peter and I thank him for all his hard work & professionalism over the last 6 years.

Best Regards
Marc Gronau, Managing Director
Phone 612 9736 1277 | Fax 612 9736 2687 | Mobile 0418 86 3334 | www.mjtooling.com | m.gronau@mjtooling.com
MJ Tooling | 19 Herbert Street Mortlake NSW 2137 Sydney Australia
To Whom It May Concern:
This testimonial is written to express my personal satisfaction with the professional service my foundation has received from Mr Peter Yates over the past four years. Peter has always sought to improve the way Daystar Foundation keeps its accounts. For example, he moved us from Quickbooks form of accounting to Xero which has proved to be an efficient system particularly around reporting mechanisms and accessibility, particularly for our auditors. They have commented to me how much more efficient this system is for them to complete our audits without having to constantly bother Peter for information or clarification. Peter has a keen interest in technology and will always share his knowledge with us if he feels it will improve our outcomes. I am more than happy to recommend his services to others and trust he will continue to provide his services to us indefinitely.

Kind regards
Kingi Williams CEO Daystar Foundation Mobile: 0432 371 161 Email: kingi.williams@hotmail.com Website: www.daystar.org.au
"Peter Yates from First Class Accounts has been an invaluable business partner. He is knowledgeable, reliable and provides outstanding customer service. I highly recommend him and First Class Accounts to any business."

Kind regards,
Pritam Sarkar | Director | About me | About Salescraft