2480

Initial Health Check - Capped at $2,400 + GST

We have allowed $2,400 for the project work outlined. This work will only be undertaken and invoiced where required, once you have confirmed with your accountant that it is not already being addressed. Any urgent compliance work will commence immediately upon engagement.

Sherpa will undertake an initial review of the finance and compliance function to establish the current position, identify priority issues and determine any remediation required.

Health Check Scope
- ATO & Compliance: Review BAS/IAS, PAYG, superannuation and other agreed ATO obligations, identifying overdue or at-risk items.
- ATO Reconciliation: Review ATO accounts against Xero and lodged activity statements.
- Payroll & Super: Review and reconcile payroll, STP, PAYG and superannuation. Identify late, missed or short payments, prepare/release outstanding SGL where applicable, and identify and address any SGC requirements
- Bank & Clearing Accounts: Review reconciliation status of banks, credit cards, payment gateways and clearing accounts.
- GST & Source Documents: Review GST coding and adequacy of supporting documentation.
- AP & AR: Review integrity of receivables, payables and supplier reconciliations.
- Balance Sheet: Review material control accounts, including payroll, tax, director/shareholder and loan accounts.
- Inventory & COGS: Review current inventory accounting and readiness for Cin7 implementation.
- Budget: Review/finalise the budget framework required for ongoing budget-versus-actual reporting.
- Other Exceptions: Identify material bookkeeping, payroll, compliance or financial-control issues requiring attention.
- Urgent Compliance Matters: Any urgent ATO, PAYG or superannuation matters identified during the Health Check will be immediately escalated and, where within Sherpa’s scope, prioritised for lodgement or processing.
- Historical remediation outside these urgent items will be separately scoped and approved before proceeding.

Health Check Output

Sherpa will provide:

- Green / Amber / Red assessment of key finance controls.
- Exceptions & Remediation Register documenting issues identified, priority, action required and status.
- Immediate escalation of urgent ATO, superannuation or other compliance risks.
- Urgent Compliance Action: Where within Sherpa’s scope, prepare and lodge/process urgent PAYG, IAS and superannuation obligations identified during the review.
- Recommended remediation priorities and estimated hours/costs before significant historical remediation proceeds.
- Clear identification of matters requiring accountant or other specialist advice.
- Opening recommendations for the ongoing compliance calendar and finance-control framework.

Historical Remediation

Historical corrections and remediation identified through the Health Check are not included within the capped fee, unless specifically agreed.

Any significant additional work will be scoped and approved before proceeding. Sherpa will maintain an appropriate audit trail of material corrections and liaise with the client's accountant where required.

Cin7 Boundary
Once Cin7 is operational:

Sherpa: Financial reconciliation between Cin7 and Xero, inventory GL reconciliation, purchases/COGS integrity, mapping exceptions, financial investigation and reporting.
Cin7 Consultant / Operations: System configuration, workflows, SKU and product structures, BOMs, warehouse processes, integrations and operational stock controls.