Accounting Services
Consult a MS Accounting practice and customise your accounting services.
This can more precisely and cost-effectively provide business owners with the best service levels and options to address their needs, and importantly add value to their businesses. This includes utilising the capabilities of the cloud and other technologies to make processes more efficient and productive. This also means that work can be processed faster, more accurately, and more cost effectively than ever before.
Charge for accounting services typically use fixed pricing or value pricing. This eliminates bill shocks, as you will know how much you will be charged in advance and only pay for the value you receive (not the time taken on the job).
Small Business Accounting
Managing the finances of a small business can be complex and time-consuming, but it doesn’t have to be. Our Small Business Accounting service is designed to take the burden off your shoulders, allowing you to focus on what you do best—running your business. We provide comprehensive accounting solutions tailored to meet the unique needs of small businesses, including bookkeeping, financial statement preparation, tax planning, and compliance. With our expertise, you can make informed financial decisions, optimize your tax position, and ensure that your business is on a solid financial foundation. Let us be your trusted partner in navigating the financial side of your business, so you can achieve sustainable growth and success.
Small Business Packages
BRONZ
$300 per month
- Payroll ( Upto 4 employees)
- Bookkeeping
- Preparation & Lodgement of Superannuation
- Tax Planning
SILVER
$400 per month
- Payroll ( Up to 10 Employees)
- Bookkeeping
- Preparation & Lodgement of Superannuation
- Tax Planning
- Unlimited Support
- Accountant Letter
GOLD
$500 per month
- Payroll ( Up to 20 Employees)
- Bookkeeping
- Preparation & Lodgement of Superannuation
- Tax Planning
- Unlimited Support
- Accountant Letter
- ASIC Management
- Loan related enquiries
Platinum
$750 per month
- Payroll ( Up to 20 Employees)
- Bookkeeping
- Preparation & Lodgement of Superannuation
- Tax Planning
- Unlimited Support
- Accountant Letter
- ASIC Management
- Loan related enquiries
- A/C Receivable & Paybale
- Batch Payment
- Any related software management
- People Management
- Compliance
- Follow up with customer and supplier
Xero Setup & Training
Xero is a cloud-based small business accounting software designed to help businesses manage their financial transactions, invoicing, bookkeeping, and more.
The key features of Xero small business software:
- Invoicing: Xero allows you to create professional-looking invoices and send them to your customers. You can customise invoice templates, set up recurring invoices for regular billing, track invoice statuses, and even accept online payments.
- Bank Reconciliation: Xero simplifies bank reconciliation by automatically importing and categorising bank transactions. You can easily match your bank statements with your accounting records, ensuring accurate financial information.
- Expense Tracking: You can record and track your business expenses with Xero. You can manually enter expenses, import them from your bank feeds, or use Xero’s mobile app to capture receipts and log expenses.
- Financial Reporting: Xero provides various financial reports, such as profit and loss statements, balance sheets, cash flow statements, and more. These reports give insights into your business’s financial performance and help you make informed decisions.
- Payroll Management: Xero offers payroll functionality, allowing you to process payroll, calculate and file taxes, and generate employee payslips.
- Inventory Management: Xero includes basic inventory management features, allowing you to track inventory levels, set up stock alerts, and manage purchase orders.
- Third-Party Integrations: Xero integrates with over 800 third-party apps and services to extend its functionality. These integrations include payment gateways, CRM systems, project management tools, e-commerce platforms, and more. Integrating these services can streamline your business processes and improve efficiency.
- Accessibility and Collaboration: As a cloud-based software, Xero enables you to access your financial data anywhere with an internet connection. It also supports multi-user access, allowing you to collaborate with your team, accountant, or bookkeeper in real time.
MS Accounting can assist with Xero setup,
training and customisation, including:
- Xero Setup: Setting up Xero involves creating a new account or subscribing to a Xero subscription plan. During setup, you must typically provide essential business information, such as your company name, address, industry, and financial year-end. You’ll need to connect your bank accounts to enable automatic bank feeds.
- Chart of Accounts: As part of the setup, you will customise the chart of accounts in Xero. The chart of accounts is a categorised list of the income, expense, asset, liability, and equity accounts used to record financial transactions.
- Integration: Xero integrates with over 800 third-party apps and services that can enhance its functionality and streamline business processes. During the setup, explore and connect these integrations to Xero, such as payment gateways, inventory management systems, point-of-sale (POS) systems, or customer relationship management (CRM) software.