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Why use Sunshine Office Solutions?

Business owners want to spend time on generating profits for their business and less time worrying about whether the accounts have been reconciled correctly – Sunshine Office Solutions can help you achieve this.

We have clients who come to us after having fought and ‘lost the battle’ to do their own small business bookkeeping. Some have their books in such a tangle that they’ve put off coming to us.

It’s a vicious circle and too many small business owners are needlessly putting themselves through it.

It can be daunting when your books are in a mess and you have no idea how to sort it out. It can be downright scary knowing that you may have incurred fees and fines for not meeting your ATO obligations. It could also mean the end for your business if you don’t know what’s going on with your bottom line.

Georgina and her team at Sunshine Office Solutions takes care of every facet of your bookkeeping – from reconciling, reporting and payroll to lodging BAS and meeting ATO compliance obligations. We don’t provide a one-size-fits-all solution. Instead, you receive custom bookkeeping services that meet the unique needs and challenges of your business.

If you need help with one-off services, like setting up accounting software that makes your business run smoother, then we are happy to assist you with this too. Our Bookkeeping services are performed from our office in Mountain Creek, Sunshine Coast Queensland, or at your location. We’re here to make your life easy.

For more information about our bookkeeping services for your business, please contact us today

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What does a Bookkeeper do?

A bookkeeper’s main role is to process the financial transactions of a business into a software system such as Xero, and help turn the wheels of the business by paying bills and chasing customers for payment. All businesses will generate a lot of paper, such as purchase invoices, receipts and expense claims. The bookkeeper will transform a bundle of paper into something orderly and accurate. Some bookkeepers will also prepare Tax returns, run payroll and prepare and file self assessment tax returns.

Most bookkeeper’s operate as a stand alone service. In some ways it’s like having your own part-time finance person.

Frequency

A bookkeeper will work on your books weekly, fortnightly or monthly. The frequency depends on the size and complexity of your business and also how up to date you need/want your financial records to be.

An accountant will generally work at less frequent intervals, for example to work on quarterly Tax returns or annual accounts. They could be involved on more specialist projects at certain times, for example to work on a business plan or cash flow forecast.

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Five reasons why hiring a Bookkeeper can save you time, money and stress

Most small business owners have an entrepreneurial spirit and a love of independence. But even those who enjoy the freedom of owning their own business may need to work with outside advisers from time-to-time. While doing your own taxes and bookkeeping may seem more cost efficient, the amount of time it takes to prepare and manage this process can be overwhelming. Here are five reasons why hiring bookkeepers and financial professionals can save you time and money.

•  Missed Incentives and Deductions

Tax incentives and deductions change every financial year, so you may be missing out on rebate opportunities you aren’t aware of. A bookkeeper can help you figure out exactly which credits and deductions your business is entitled to.

•   Expertise and Efficiency

Time is money and when you hire a bookkeeper, you’re getting the best bang for your buck. With expertise in areas like tax law, accounting software and payroll management, bookkeepers are prepared and ready to go. For example, a task that may take a small business owner five hours to learn and implement can be executed by a professional in 30 minutes with a high rate of accuracy. With flexible scheduling and customised scopes of work, you will only pay a bookkeeper for your specific needs.

•  Timely, Secure Payments

A bookkeeper can manage monthly vendor payments, transactions and payroll in a timely manner, freeing up time for business owners to spend on other priorities while keeping employees and vendors happy. Additionally bookkeepers can also keep track of sales, purchases, payments and receipts, allowing you to have an accurate picture of your company’s profit margins and up-to-date expenses. Bookkeepers also serve as an objective third-party expert which allows for secure and confidential payments.

•  Accounting Software Flaws

While it may be enticing to try managing your finances with new technology, most accounting software isn’t a one-stop shop. Data will still need to be entered, records will still need to be kept and errors can still easily be made. Bookkeepers are certified in the accounting software they use, meaning they are skilled, efficient and less prone to make mistakes.

•   Less Tax Stress

Having a finance adviser manage your taxes can lift an enormous amount of pressure off of any business owner’s shoulders. For instance, if the ATO ever audits your business and finds significant mistakes or insufficient records in your bookkeeping, you could face outrageous fines and penalties. Even minor and honest errors like forgetting to save a receipt related to a business expense or forgetting to log write-off expenses in the correct manner could put your business at risk. Sleep soundly at night knowing you’ve entrusted professionals to meticulously manage these details.

Learn more about how our bookkeeping service can enable your business to operate smoothly by contacting us

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About us

As the director of SOS Books, Georgina is the driving force organising clients and ensuring her staff perform at a high standard of bookkeeping, influencing and promoting passion and dedication to ensure all her clients succeed. Georgina is personally involved with all clients, providing aid and understanding on the financial side of business so her clients can focus on running their business.

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