Comprehensive day-to-day bookkeeping services

From data entry and reconciliations to invoicing and managing accounts, we handle all aspects of day-to-day bookkeeping. Our services include intercompany accounts, bank reconciliations, accounts payable, and accounts receivable, ensuring your financial records are accurate and current.

Day-to-Day Bookkeeping Services: Effective financial management starts with accurate and up-to-date bookkeeping. Sherpa Bookkeeping provides comprehensive day-to-day bookkeeping services to help you maintain accurate financial records, manage expenses, and ensure compliance with accounting standards. Our expert team will handle your daily financial transactions, so you can focus on running your business.

Accurate Financial Records: Maintaining accurate financial records is essential for understanding your business’s financial health.

Transaction Recording: Recording all daily financial transactions, including sales, purchases, receipts, and payments
Ledger Maintenance: Keeping detailed ledgers for accounts payable, accounts receivable, and general accounting
Expense Tracking: Monitoring and categorizing expenses to provide a clear view of your spending patterns
Daily Cash Flow Tracking: Monitoring daily cash inflows and outflows to provide a clear picture of your financial position

Bank Reconciliation: Reconciliation of your bank accounts ensures the accuracy of your financial records:

Daily Bank Reconciliation: Matching your recorded transactions with your bank statements to identify and resolve discrepancies
Credit Card Reconciliation: Reconciling credit card transactions to ensure all expenses records are accurate

Revenue Tracking: We help you keep track of your revenue streams with accurate and timely recording of all income:

Sales Recording: Recording all sales transactions, whether they are cash sales, credit sales, or online sales
Invoice Management: Generating and tracking invoices to ensure timely payments from customers
Revenue Reconciliation: Reconciling recorded revenue with bank deposits and sales reports

Customised Bookkeeping Solutions: We understand that every business has unique needs, and we offer customised bookkeeping solutions to meet your specific requirements.

Ongoing Support and Consultation: Our commitment to your financial success extends beyond day-to-day bookkeeping. We offer ongoing support and consultation to help you maintain accurate records and make informed financial decisions with:

Regular Updates: Providing regular updates to your financial records based on the latest transactions.
Performance Reviews: Conducting periodic reviews to assess the accuracy of your bookkeeping and make necessary adjustments.
Expert Advice: Offering expert advice and recommendations to improve your financial management strategies.

Accounts Receivable

Effective accounts receivable management for timely payments. Stay on top of who owes you what and when you can expect payment. We send out statements, initiate friendly reminders, and follow up with emails or phone calls to ensure timely payments, helping you to maintain a healthy cash flow. Accounts Receivable: Sherpa Bookkeeping offers comprehensive accounts receivable services designed to help you manage and optimize your cash flow effectively. Our goal is to ensure that you get paid faster, while reducing the time spent on administrative tasks. Invoicing and Billing: We take care of all your invoicing and billing, ensuring that your customers receive accurate and timely invoices. Payment Tracking and Collection: Our team will track and follow up on outstanding invoices to ensure timely payments. Customer Management: We maintain accurate records of your customers and their payment histories, ensuring smooth and efficient communication. Cash Application and Reconciliation: Our accounts receivable services ensure all incoming payments are accurately recorded and reconciled with your financial records. Reporting and Analysis: We provide detailed reporting and analysis to help you monitor your accounts receivable performance and make informed business decisions: Aging Reports: Generating accounts receivable aging reports to track outstanding invoices by age Cash Flow Analysis: Analyzing cash flow patterns and identifying opportunities for improvement Performance Metrics: Reporting on key metrics such as days sales outstanding and collection effectiveness index Compliance and Security: We ensure that all accounts receivable processes adhere to regulatory requirements and best practice, protecting your business from potential risks. Sherpa Bookkeeping’s goal is to meet all your accounts receivable requirements, improve your cash flow, and reduce administrative burdens, while allowing you to focus on growing your business.

Accounts Payable

Comprehensive accounts payable solutions for your business. Manage and streamline your accounts payable with ease. We prepare regular weekly, fortnightly, or monthly payments to your suppliers, ensuring that they are paid and invoices are not missed, making your life easier and your business more efficient. Accounts Payable: Sherpa Bookkeeping's comprehensive accounts payable services are designed to streamline your supplier bills and payments ensuring accuracy and timeliness. Invoice Management: We efficiently manage your invoices, from receipt to payment, ensuring each invoice is accurately recorded and processed. Payment Processing: Our team ensures all payments are processed accurately and on time, helping you maintain good relationships with your suppliers. Supplier Management: We manage and maintain your supplier records, ensuring all information is up to date and accurate. We also liaise with suppliers to address any payment-related inquiries or issues. Expense Tracking and Reporting: We offer detailed tracking and reporting of your expenses, giving you greater insight into your business’s financial health. Compliance and Security: We ensure all accounts payable processes adhere to regulatory requirements and best practice, safeguarding your business against fraud and errors. By partnering with Sherpa Bookkeeping to manage your Accounts Payable, you can focus on growing your business while we handle supplier bills and payments.

ATO Compliance and Lodgement

Comprehensive ATO Compliance and Lodgement Services. We can prepare and lodge Business Activity Statements (BAS), Instalment Activity Statements (IAS), Single Touch Payroll (STP), Taxable Payments Annual Report (TPAR), and Worker’s Compensation. ATO Compliance: Remaining compliant with the Australian Taxation Office (ATO) regulations is crucial for every business. Sherpa Bookkeeping offers a comprehensive service to ensure your business meets all the ATO’s lodgement and compliance obligations accurately and on time. Our experienced team will help you navigate the complexities of compliance, minimising risks and avoiding penalties: BAS and IAS Preparation and Lodgement: We handle the preparation and lodgement of your Business Activity Statements (BAS) and Instalment Activity Statements (IAS) to ensure timely and accurate reporting. Our services include: BAS Preparation: Calculating GST, PAYG withholding, PAYG instalments, and other relevant taxes IAS Preparation: Preparing and lodging your IAS Lodgement: Ensuring all statements are lodged with the ATO by the due dates Single Touch Payroll (STP) Compliance: We ensure your payroll processes comply with the ATO’s Single Touch Payroll (STP) requirements. Superannuation Compliance: We’ll help you meet your superannuation guarantee (SG) obligations, ensuring your employees’ superannuation is calculated and paid correctly. Record Keeping and Documentation: We help you maintain accurate and complete financial records in compliance with the ATO’s requirements. GST Compliance: Our GST compliance services ensure your business meets all GST obligations. By partnering with Sherpa Bookkeeping you’ll have the peace of mind that comes from knowing your business is meeting your ATO compliance obligations accurately and efficiently.

Bank Reconciliation

Accurate bank reconciliation for clear and precise financial records. Efficient bank reconciliation ensures that your financial records match your bank statements, providing clarity and accuracy. By correctly allocating transactions with the corresponding GST coding, including intercompany loans, ATO ICA accounts, credit cards, and various liabilities, we help you maintain precise and up-to-date records. Bank Reconciliation Services: Accurate and timely bank reconciliation is crucial for maintaining the integrity of your financial records and ensuring your business’s financial health. We offer comprehensive bank reconciliation services designed to help you keep your accounts accurate and up-to-date. Detailed Account Review: We conduct thorough reviews of your financial accounts to ensure all transactions are accurately recorded. Improved Cash Flow Management: Accurate bank reconciliation aids in effective cash flow management by providing a clear picture of your available funds: Cash Flow Accuracy: Ensuring your cash flow statements reflect the actual state of your finances Liquidity Management: Helping you maintain sufficient cash reserves to meet short-term obligations and avoid overdrafts Cash Flow Forecasting: Providing insights to improve the accuracy of your cash flow forecasts and financial planning Timely Financial Reporting: Regular bank reconciliation ensures that your financial statements are accurate and up to date, enabling timely and informed decision-making. Reconciliation Software Integration: We leverage the latest reconciliation software and tools to streamline the process and enhance accuracy. Our services include: Software Implementation: Setting up and integrating reconciliation software tailored to your business needs Automation: Automating routine reconciliation tasks to save time and reduce errors Training and Support: Providing training for your team on how to use reconciliation tools effectively Ongoing Support and Maintenance: Our commitment to your financial health extends beyond reconciliation. We offer ongoing support to ensure your accounts remain accurate and up to date through: Continuous Monitoring: Regularly monitoring your accounts to identify and resolve any issues promptly Periodic Reviews: Conducting periodic reviews to ensure your reconciliation processes remain effective and efficient Expert Advice: Offering expert advice and recommendations to improve your financial controls and processes Sherpa Bookkeeping ensures the accuracy and reliability of your financial records, giving you better control over your finances, and the ability to make informed business decisions.