Reliable Bookkeeping Services provide full range of services including Basic Bookkeeping i.e Bank reconciliation, Debtor and creditor reporting, cash flow management, Profit and loss reporting, BAS reports - IAS reports; Complete payroll - PAYG summary; managing the internal KPIs i.e Internal reporting

Reliable Bookkeeping Services
Reliable Bookkeeping Services provide full range of services including Basic Bookkeeping i.e Bank reconciliation, Debtor and creditor reporting, cash flow management, Profit and loss reporting, BAS reports, IAS reports; Complete payroll, PAYG summary; managing the internal KPIs i.e Internal reporting.
Basic Bookkeeping Services
Recording an agreement, communication or movement between a buyer and seller for a change in the status of the finances of two or more business or individuals involves basic bookkeeping. It is legal requirement by law to keep a record of financial transactions for the period of 5 years. Period of five years starts from when the documents were prepared or when the transaction is completed, whichever occurs the latest.

Bookkeeping could be a very time consuming process for many businesses and could end up delayed. Delayed process does not only give an accurate picture for business performance but also, Australian Taxation office(ATO) may penalties you for the delayed reporting of Business Activity Statements (BAS) or Instalment Activity Statement (IAS) reported after the due date.

Profit & Loss Statements
Profit & loss is the financial report generated for the business owner to analyse their revenue, costs and expense. It is also called income statement, commonly produced for quarterly, monthly or yearly. It tells you where you are on right track of getting profit or you are struggling. Most importantly, it lets you can compare your actual expenses with budgeted cost and see how you are tracking.