A one time onboarding fee will apply to get your business setup and running with Xero and any other required tools. We will advise of this cost based on the initial assessment of your business.
Monthly subscription charges apply for Xero, and are not included in our monthly service. We'll advise you of the right Xero plan for your business.
Simple, you have better things to do with your time like build relationships with clients and spend time with your family. A Bookkeeper takes the ATO compliance pressure off you. Rest easy knowing that everything from A - Z is being handled in a professional and compliant manner.
Yes, some accounting practises do offer bookkeeping, however in my experience it works best when these functions are kept seperate. Your bookkeeper can act as a translator and also help reinforce any tax planning recommendations made by your accountant.
KHB are a fixed fee bookkeeping solution provider, this means no hidden costs, no spike in fees and made even easier to manage with our direct debit service.
We have chosen to specialise in the Trades and construction industry and thus we keep up to date with all relevant legislative changes which impact this industry. We are not "everything to everyone" we simply focus on the Trades and Constructions industry.
Xero and Receiptbank are the 2 essential software solutions which KHB use to provide a seamless bookkeeping service. There are small subscription fees for these software solutions which are included in your engagement letter.
No, we provide all bookkeeping services remotely. This helps us provide fast and accurate work at an affordable price.
Monthly bank account reconciliations, we will match your expenses to receipts and your received income to customer sales invoices.
Monthly review of your payroll transactions, checking the payroll records matches the bank records.
Monthly superannuation reporting using Xero automatic super, easy to ready monthly reconciliation to help you keep on top of employee obligations.
To help you maintain accurate sales data, we will review overdue sales and provide you with guidance when it come to debt collections processes.
We will review and data check the information on receipts sent through Receipt Bank. A photo of the receipt will be stored in Xero for future reference.
Monthly overview of all GST reporting, to make sure we are maximising your GST claim. Each package also includes the preparation and lodge your Monthly or Quarterly ATO obligations.
Monthly review of your financial statement to ensure everything is where it should be. Any identified areas of improvement will be highlighted for your action.
Each month you will receive a Profit and Loss Statement showing the position of your business. We will also list any key highlights and a summary of your current ATO obligations.