Business Services
Accounting and book keeping
QuickBooks & XERO are online cloud-based software. Sage Accountants are pro-advisors for both, and we use these software so you can track where your money comes from and where it goes with easy to follow graphs and reports.
Cloud based software also allows you to log in wherever you are to get a snapshot of your business instantly, whether you’re on a business trip or vacation – a step up from the inconvenience of desktop-based software.
Easily create new invoices that can be printed and emailed to your customers and enjoy the customisation features that allow you to change your logo, display, and business elements. Recording your payments received has never been easier with the credit control and repeat billing function.
Financials and year end accounts
Year-end accounts provide valuable information about your business and are particularly useful for financial needs such as applying for loans, taxation matters, and financial analysis. We can advise you on the organisation of your record keeping procedures which in turn will help your business run more efficiently. Having accurate, timely management information is crucial to managing your stock levels, customer balances owed, supplier balances due and cash flows.
Your accounts will be prepared in accordance with Australian accounting standards, and we will ensure the amount you’re claiming is in line with current Australian Taxation Laws. Whether you are a sole trader, partnership or limited company, preparation of year end accounts will relieve you of what can be an extremely stressful and time-consuming process. We offer competitive prices and flexible appointment times if you would like to book now.
What we offer:
- Preparation of Statutory Financial Statements for Individuals, Companies, Trusts, SMSF and Partnership
- Preparation of Statutory Financial Statements, Member Reports and all relevant documentation for Self-Managed Superannuation Fund
- Preparation of Interim Financial Statements
- Preparation of Periodical Management Reports
- Real Time Bookkeeping Solutions for your business including data entry, accounts receivable, accounts payable, payroll services, superannuation
- Consolidated accounts for groups of companies
- Advice on the relevant records to assist for preparation of company accounts
- Advice and training on the bookkeeping system most suited to your business, whether that is manual or computerised
We provide detailed insights into your business and management accounts so you can regularly review your business performance. This will greatly assist you in understanding the shortcomings and advantages of your business so you can focus on maximising profit and minimising losses. Sage Accounts can monitor your results and advise on improvements by setting forecasts, budgets and targets.
Budgeting and cash flow projections
A cash flow projection is one of the most important management reports as it shows how cash is expected to flow in and out of your business and how much capital investment your business needs to grow to the level you want. Lenders will typically require these reports when you want to borrow money to show proof that your business is viable and likely to succeed. Sage Accountants provide accurate and comprehensive reports specifically tailored to suit your business and lending needs.
Business plans & projections
Behind every successful business is a good business plan. Up to date strategies and accurate financial information is essential for turning your idea into a reality. Most start-up businesses will need funding – a business plan not only allows you to see if the business is profitable but also enables banks and other lenders to understand the scope and viability of your project. If you are seeking funding or looking to attract investors, you will need to present a convincing image of your business and how you will make it work. Contact Sage Accountants for a personalised business plan to increase your chance of success when looking for funding.
Design and operation of cost systems
Costing systems are crucial ascertaining profitability. We are qualified cost accountants with hand-on technical experience in the development of costing systems for all organisations. Our costing systems are department-specific and product wise to maximise your profitability. They give a holistic view of your organisation and how each product and department is performing so you can fix any vulnerabilities before they become problems.
Management accounting
Management accounting is a tool that offers you an analytical approach to your business. Management accounting reports help you assess how your business is going.
We can help you prepare:
- Periodical Management Reports tailored to your business
- Comprehensive Annual & Interim Accounts
- Comprehensive Business Plans
- Budgeting & Cash Flow Analysis
- Business Growth and Profit Generation strategies
Payroll Services
We provide payroll services for all SME. We have cloud-based softwares that allow employees and employers to access and input data. We can set up the payroll and superannuation payments on your internet banking so all you have to do is log in and authorize payment!
What we can offer: we can be your own personal payroll department. All you need to do is provide us with time sheets or leave details and we’ll handle the rest. We’ll process payrolls, calculate the tax to be withheld, issue payslips, handle payment summaries, track superannuation and handle lodgements with the ATO for you.
Year End Compliance: we can handle all of your ATO obligations by reporting the tax you have withheld from your employees’ pay. As Registered Tax agents also, we can also generate PAYG payment summaries (group certificates) for your staff, email them to staff directly, and give instant reports to the ATO.
Payroll Tax: are you a large payer and obligated to pay payroll tax? We can calculate, reconcile and report payroll tax to the relevant state departments. For more information please contact us.
Special Purpose Audits
In comparison to general audits of financial statements, special purpose audits refer to circumstances in which auditors are required to report on specific financial information for certain purposes and users.
Non-standard audits we provide include:
- Tax audit
- Audit of contract or agreement compliance
- Audit of project funded by a non-profit or non-government organisation
- Audit of a segment or department
- Responsibility or performance audit
- Internal audit
- Audit for loan purpose
SMSF Audit
We have approved and experienced SMSF Auditors. We offer an affordable and very competitive SMSF AUDIT fee for SMSF.
All work is completed in-house at our Sydney, Brisbane & Melbourne offices. We are a small auditing firm but take pride in providing services to a broad range of clients all across Australia.
We are quality conscious professionals and try to minimise costs without compromising on high standards.
Please feel free to call us to discuss further about our services. You may provide required documents by post or send us as email attachment.
Internal Audit
Internal auditing helps your company achieve your objectives by evaluating and improving risk management and control and governance processes. To achieve this, we work with management to systematically review systems and operations. These reviews are aimed at identifying how well risks are managed including whether the right processes are in place, and whether agreed procedures are being adhered to. This allows us to identify areas where efficiency or innovation needs to be improved.
Audit of Trust Accounts
We also audit trust accounts of various professional bodies like accountants, real estate agents, lawyers etc.
Risk and governance
Governance, Risk Management and Compliance – these three pillars work together for the purpose of assuring that an organization meets its objectives.
Governance is the combination of processes established and executed by the board of directors (BOD) that are reflected in the organization’s structure and how it is managed.
Risk management is predicting and managing risks that could hinder the organizations ability to achieve its objectives.
Compliance refers to compliance with the company’s policies and procedures, laws and regulations.
Strong and efficient governance is key to an organizations success as it allows you to obtain cheaper bank funding. In the current economic climate, risk and governance has become even more critical. As well as being a standard business practice, efficient internal controls show investors that your business is worth it.
Our risk & governance services cover:
- Internal auditing
- Risk Assessments
- Business advice
Due diligence
When you are considering buying a business, due diligence ensures you have access to important information about the business you’re buying.
Due diligence is the investigation of a business or person prior to signing a contract, or where someone owes you a certain standard of care in a business context.
What we offer:
- Analysis of the business being purchased
- Forecasting and budgeting of the newly purchased business
- Other services as required