Dan & Joe's Bookkeeping

DJBK is a professional partner to both MYOB & Reckon/Quickbooks.  From providing software, to set up, training and maintenance of your accounting file, we can assist with either of these two leading software packages.

Experience has shown that working in conjunction with a client’s Accountant can save time and money. The accounts are set up correctly from the start, therefore at end of financial year it’s an easy transition of the accounting file into the Accountant’s software package.

Accurate entry of information is crucial to getting a reliable picture of your financial position (upon which you base your business decisions), and to meeting your legal reporting requirements to the Australian Taxation Office and other entities. At DJBK care is given to attention to detail, accuracy and efficiency. We set up automated functions for regularly recurring transactions, to save time and data entry costs.

• Account Receivable: Invoicing; monthly statements; monitor aged receivables; establish collection procedures.
• Accounts Payable: Accurate & timely entry of bills; provision of payment schedules or lists for you to prioritise yourself; prompt entry of payments.
• Cash Flow Management: Prompt processing of invoices; efficient scheduling of payments; budgeting.

Invoices can be prepared (and sent) to customers on your behalf.Also monthly statements and follow ups for late payment.

Businesses can pay suppliers and provide the information for recording. Alternatively DJBK can make payments on your behalf. We will do as little, or as much, as you require.

Need to negotiate better terms with a supplier, follow up on a missing invoice or a late payment from a customer? We can do this on your behalf.

Hopefully your suppliers pay within your terms, but when they don’t, you can hand over the responsibility of calling, following up and issuing necessary paperwork. DJBK will monitor the Aged Receivables (report showing who owes what, and when), and start “chasing debts” at a time period agreed upon by you.

Bank reconciliations ensure that all transactions have been recorded correctly. Whether it’s weekly, monthly or quarterly, we will make sure all your expenses have been claimed, income has been declared, and your records are in good order.

Whether you view this once a quarter or once a month, the Profit & Loss report will show you how your business is tracking in relation to income, expenses and the resulting profit (or loss).

A snap-shot of the financial position of a business at a given point in time. It shows the value of Assets, Liabilities and Equity.

See who owes your business what, and when. With up-to-date data entry complete, the Aged Receivables gives you a guide as to what’s owing, and forms the basis of debt collection.

See what your business owes, and to whom. With up-to-date data entry complete, the Aged Payables can serve as a guide to your outgoing cashflow. Some businesses use these on a weekly basis to prioritise the week’s payments to suppliers.

Whether staff are on annual salaries, or weekly wages calculated via timesheets, we can manage the payroll, produce (and issue) timesheets, and report accordingly.

Recorded with payroll and reported on a monthly or quarterly basis, as required.

DJBK records staff details as required by Australian Taxation Office and Superannuation Funds, as well as maintaining leave accruals and entitlements.

There are strict guidelines for bookkeepers who provide BAS services to clients. Breach of the legislation could result in hefty fines

For more information on the current guidelines for bookkeepers, here is a link to the ATO website.

DJBK works within these guidelines via its association with the Australian Bookkeepers Network. ABN’s BAS Wizard Program ensures that all BAS and IAS completed by DJBK are done “under the direction of a registered tax agent.”

NB: Legislation surrounding the bookkeeping industry is currently undergoing changes. Businesses who use external bookkeepers will be much better protected by the new regulations which will require us to be properly qualified, trained and registered. More information will be provided on this site as the legislation is formed.

All BAS are prepared “under the direction of a registered tax agent, via the Australian Bookkeepers Network BAS Wizard Program. For more information, please visit: www.austbook.net/index.php