Looking for reliable & transparent bookkeeping & accounting firm in Parramatta, CBD, Bondi Junction, or anywhere near Sydney?

Bookkeeping for your business can be very time-consuming, especially with everything else you need to do daily. At Silver Peacock & Co, we understand that you may have a lot on your mind, which is why we offer a wide range of local bookkeeping services to alleviate some of the stress. 

From data entry to the most minute task, bookkeeping is the foundation of your financial reports which you will rely on to make many business decisions, report your business activity statements, producing your tax returns and the list continues. Therefore, the accuracy and integrity of your bookkeeping system are paramount.

Here is the list of services provided under Bookkeeping:

• Preparing your year-end financials
• Balancing books to the accountant on time, when requested
• For hands-on experience, we provide financial reports to your tax preparer.
• Track differences between projected vs. actual expenses and income
• Managing your budgets
• Forecasting the net income weeks in advance
• Be able to plan future operating and investing expenses
• Overviewing the cashflow performance overtime
• Running the business more efficiently
• Creating workflow automation

It can become a costly exercise for most small to medium businesses to establish an internal accounts department to alleviate the stress of managing business accounts and transactions, so here’s how we have helped many of our clients;

• Manage Accounts Payables to ensure that you do not get charged penalties or interest or late payment fees from suppliers;
• Manage Accounts Receivable including the development and implementation of the appropriate control measures and procedures to avoid accounts from exceed 30 days or even worse reaching 60 days;
• Manage your payroll, this includes PAYG and superannuation calculations and reporting including Single Touch Payroll STP, work out employee entitlements as well as bonuses;
• Complete regular bank reconciliations regularly;
• Prepare Budget and Forecast projections as well as variance reports to identify favorable and unfavorable variances. This allows you to take control over your cash;

We understand that most business owners are cost-conscious. Our mission is to maintain the same quality and type of service regardless of your business size.

Silver Peacock & Co adopts innovative cloud based systems that streamlines the financial functions of your business eliminating manual and labour intensive processes allowing our expert accountants to provide you with real time business support.

One of the ways we can do this is through setting up your accounts with Xero. We’ll put all your information into a balance sheet to show you your profit and loss in one easy-to-understand place, and in a way that will still suit your business too. Using Xero, we will also ensure that your data is easily accessible anywhere, at any time and on any device. You can be anywhere in the world, but as long as you have internet access, you can stay up-to-date on everything that’s happening in your company.

Practically, using our software can reduce the hardware needs at your office. You don’t even need to install or maintain the software on individual computers, making your life that much easier when employees can access the data from any computer too. With everything in real time, you’ll know exactly what your cash flow looks like at all times. If you are still unsure on choosing the right program for your accounting needs, we can help you find the most efficient solution for your business.