Retinue Accounting was founded on the belief that small business accounting support should be:
Customer Service focused, proactive and forward-looking
Available 24/7 because business owners never stop
Transparent and upfront about fees and charges
“As an entrepreneur, I know firsthand how small businesses are underserved by the traditional bookkeeper and accountant model – it can be expensive, slow and does not give the regular support a business owner needs to make better business decisions.
— Josh Vikis CEO, RetinueBookkeeping is the process of recording and organising financial transactions for a business. It is essential for several reasons:
• It helps you track your business’s financial health and performance.
• Accurate bookkeeping is necessary for compliance with tax regulations.
• It provides a clear picture of your cash flow, making it easier to manage finances.
• It facilitates informed decision-making and helps secure financing or investment.
Bookkeeping is the practice of recording and tracking the financial transactions of a business on a regular basis. It forms the foundation of a company's accounting system and provides essential financial information for decision-making and reporting purposes. Typically it includes:
• Transaction Recording: Bookkeepers record every financial transaction. This includes sales, purchases, expenses, and payroll. They use accounting software to keep your business’s financial data current.
• Bank Reconciliation: Bookkeepers compare bank statements with your company’s records. This helps identify discrepancies and ensures accurate cash flow management.
• Accounts Payable and Receivable Management: They track customer payments (accounts receivable) and manage vendor bills (accounts payable). This keeps your cash flow operations smooth.
• Payroll Processing: Bookkeepers calculate employee wages, prepare pay runs, and ensure compliance with payroll tax obligations.
• Financial Reporting: They generate essential financial reports like income statements, balance sheets, and cash flow statements. These reports provide insights that help you make informed decisions.
• Tax Compliance: Bookkeepers help you meet tax obligations by maintaining accurate records. They also prepare necessary documentation, such as BAS and GST returns.
These services maintain financial stability, ensure regulatory compliance, and support strategic decision-making for your business.
*Retinue’s payroll service includes the processing of hours and wages rates provided by you. We do not determine award rates for your employees or provide advice on the correct employment status of your employees. It is your responsibility to ensure that your employees are paid correctly and we recommend obtaining advice from specialised employment relations experts.
*Retinue’s (ABN 66 658 618 449) payroll service includes the processing of hours and wages rates provided by you. We do not determine award rates for your employees or provide advice on the correct employment status of your employees. It is your responsibility to ensure that your employees are paid correctly and we recommend obtaining advice from specialised employment relations experts.
Protection is only provided for ATO investigations notified to us during the period which you are a client and relating to any tax returns or lodgements prepared by us. Fines includes any penalties and interest that may result from any errors made by us but does not include any additional tax liability that may result from an amended lodgement.
Liability limited by a scheme approved under Professional Standards Legislation.
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