Do you have access to my bank accounts ?
NO, we don't have access to your bank account
but we do require copies of any statements provided by your banks so that we can reconcile your monthly account
transactions and ensure that there are no duplications and that all deposits or payments have been recorded in your
Can you prepare my year end
income taxes ?
NO, we are not tax agents. We process your
information appropriately for each tax period as well as for your financial year end commitments so that you can
provide the appropriate reports to your accountant or tax agent to review, calculate and lodge your
income tax return.
Do you offer payroll services ?
YES, we do offer a payroll service. We can
also transmit your payroll electronically and provide you with the ABA file so that your employees payments are
transferred directly into their bank account with no need for you to enter each payment
How long will it take for my
information to be prepared ?
It really depends how much paperwork you
send to us and whether there are any queries with the paperwork provided or if after reconciling the accounts we
pick up on any missing paperwork or discrepancies. We have found that on average it takes a minute to
per bank line to enter and reconcile the transactions that relate to that item on the bank
statement. So if you have 30 lines on your bank statement, you could work on an average of 30 minutes to
Do I need to
purchase any software to read my financial reports ?
NO, the only
software that you will require to read the reports that we send to you, is the FREE
Does my virtual bookkeeper specialise in bookkeeping for only
certain industries ?
NO, our clients businesses vary greatly. We
have many different types of businesses in our client base and the bookkeeping
accounts are setup to match the business industry accordingly.