Accounting Ontrack

Software training, Customised Setup and Advice

Training is provided in all facets of MYOB or Quickbooks.

Setting up your software & data file.

Customising the chart of accounts to suit your business.

Process any applicable opening balances.

Setting up all customers, suppliers & staff card details.

Setting up a standard sales invoice form according to your requirements.

Setting up all unit cost and selling price details.

Creating short-cuts & re-occurring transactions for ongoing future processing efficiency

Management Consulting

Management Reporting/Diagnostic Service

Preparing meaningful regular (monthly, quarterly or six monthly) reports in an approved format by you, which shows data that has been extracted and manipulated in order to give you an accurate picture of your current financial position and profitability.

Cashflows & Budgets

Due to many businesses having cashflow issues, Accounting Ontrack believes that this area of the business should not be neglected. Accounting Ontrack produces cashflow reports which are prepared to forecast the projected balance of liquid funds (cash) in the business at the close of the current period.

Budgets will assist a business to move forward and allow the business owner to have a good understanding of the expected financial performance result that will be achieved. Budgets are then compared to actual data to assess the strength of the original budget and the reasons why the budget was infact different to actual figures achieved.

Note:

All Management Consulting Services are created from within specially designed software products. Information is provided by way of meaningful tables and graphs. This is attached to a detailed written financial commentary report stating the positive and negative facts on all comparison period data, and a list of ‘improvement’ recommendations in relation to all negative results identified.
To find out more about the above management reports, a free ‘no obligation’ meeting is recommended at which time an indepth example can be provided. Please contact us to make an appointment.

Book-keeping, GST & Payroll

Processing & Managing Accounts Receivable

Processing & Managing Accounts Payable

Bank Reconciliations & General Ledger Reconciliations

Organising and recording periodic payment of staff wages, updating for movements in annual/sick leave provisions, managing superannuation and payroll tax liabilities.

Checking and notifying business owners of relevant industry awards, to establish pay rates.

Carrying out annual payroll reconciliations and preparing staff payment summaries (group certificates).

Setting up/maintaining a stock system to record stock movements and help pro-actively identify stock shortages before it starts costing the business with lost sales.

Maintaining asset registers to update movements in the cost versus book value of business asset on an accounting basis.

GST & Business Activity Statements (BAS)

Ensuring all transactions identify whether or not they include GST.

Preparing Business Activity Statements (BAS’) and supporting notes, lodgement of BAS'.

Preparing annual reconciliations of GST balances in the general ledger versus physical payments made.

Year end liason and preparation of reports to deliver to the offsite company accountant.

Consulting
*	Software training, Customised Setup and Advice
•	Training is provided in all facets of MYOB or Quickbooks.
•	Setting up your software & data file.
•	Customising the chart of accounts to suit your business.
•	Process any applicable opening balances.
•	Setting up all customers, suppliers & staff card details.
•	Setting up a standard sales invoice form according to your requirements.
•	Setting up all unit cost and selling price details.
•	Creating short-cuts & re-occurring transactions for ongoing future processing efficiency
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Management Consulting
Historical Analysis
*	Management Reporting/Diagnostic Service
•	Preparing meaningful regular (monthly, quarterly or six monthly) reports in an approved format by you, which shows data that has been extracted and manipulated in order to give you an accurate picture of your current financial position and profitability.
Future Projections
*	Cashflows & Budgets
•	Due to many businesses having cashflow issues, Accounting Ontrack believes that this area of the business should not be neglected. Accounting Ontrack produces cashflow reports which are prepared to forecast the projected balance of liquid funds (cash) in the business at the close of the current period.
•	Budgets will assist a business to move forward and allow the business owner to have a good understanding of the expected financial performance result that will be achieved. Budgets are then compared to actual data to assess the strength of the original budget and the reasons why the budget was infact different to actual figures achieved.
Note: All Management Consulting Services are created from within specially designed software products. Information is provided by way of meaningful tables and graphs. This is attached to a detailed written financial commentary report stating the positive and negative facts on all comparison period data, and a list of ‘improvement’ recommendations in relation to all negative results identified. To find out more about the above management reports, a free ‘no obligation’ meeting is recommended at which time an indepth example can be provided. Please contact us to make an appointment.
Back
Book-keeping, GST & Payroll
*	Processing & Managing Accounts Receivable
*	Processing & Managing Accounts Payable
*	Bank Reconciliations & General Ledger Reconciliations

*	Payroll
•	Organising and recording periodic payment of staff wages, updating for movements in annual/sick leave provisions, managing superannuation and payroll tax liabilities.
•	Checking and notifying business owners of relevant industry awards, to establish pay rates.
•	Carrying out annual payroll reconciliations and preparing staff payment summaries (group certificates).

*	Stock Control
•	Setting up/maintaining a stock system to record stock movements and help pro-actively identify stock shortages before it starts costing the business with lost sales.

*	Asset Management
•	Maintaining asset registers to update movements in the cost versus book value of business asset on an accounting basis.

*	GST & Business Activity Statements (BAS)
•	Ensuring all transactions identify whether or not they include GST.
•	Preparing Business Activity Statements (BAS’) and supporting notes, lodgement of BAS'.
•	Preparing annual reconciliations of GST balances in the general ledger versus physical payments made.

*	Year end liason and preparation of reports to deliver to the offsite company accountant.
Back