It's not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it's BAS time AGAIN and you know you're going to have to spend the weekend getting it done.
Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.
Over time the problem becomes so big that:
It has taken over your office
It keeps you awake at night
You don't know where to start
You're fearful that the ATO will call
You have no idea how much tax or GST you owe
You are completely in the dark
It's what we call "The Bookkeeping Monster!"
We at Salis Bookkeeping Solutions can tame The Bookkeeping Monster because we are highly skilled and dedicated bookkeepers who have the experience and knowledge to empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control.
Essentially though we will do whatever it takes as quickly and efficiently as possible. Some of the issues we will address are:
Bank Accounts or Credit Cards that don’t reconcile with the Statements
Old un-presented transactions in the Bank Account or Credit Card
Trade Debtors and Trade Creditors don’t balance with the Balance Sheet
The Trade Debtors and Trade Creditors aren’t “real” i.e. outstanding invoices and bills have already been paid but still showing as outstanding
Incorrect previously lodged BAS’
Payroll Categories that are incorrectly set up therefore giving you incorrect information in Payslips, AL & SL Accruals, incorrect Tax Tables, SGC Calculations and Payment Summaries
Unreliable Inventory figures
If you are a start-up business or just new to professional bookkeeping, the process is straightforward.
You may be paying the wrong GST, Tax and Superannuation
You may be subject to fines and interest
You may be making strategic business decisions based on unreliable figures with dire consequences