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Welcome to Dynamic Bookkeeping Solutions

Can you answer the following questions?

  • What are your Debtors sitting at? OR How much do all your clients owe you in total?
  • What is your Creditors sitting at? OR How much do you owe your suppliers?
  • Did you make a profit last month/quarter/year?
  • When do you need to lodge your BAS’s?
  • When do you need to do a tax return?
  • How do you accurately process payroll?
  • What Expenses have GST included in them and what ones don’t?
  • Are you compliant with the ATO?

If you don’t know the answer to these questions then you need to click here and contact us.

What does a Bookkeeper do?

A bookkeepers responsibilities will vary from client to client, but at a minimum they should be doing the following:

  • Track and properly record accounting activities
  • Provides accurate reports reflecting your business activities so you can make decisions that will keep your business moving forward
  • Produce invoices and receipts for clients
  • Manage and process all payments and expenses
  • Perform bank reconciliations- making sure everything that is meant to be coming in and going out is actually coming in and going out
  • Processing payroll
  • Extracting activity statements
  • Year end payroll processes
  • Budgets

If you or your bookkeeper aren’t undertaking the above duties then click here to contact us.

What is the difference between an Accountant and a Bookkeeper?

  • Bookkeeper
    • Focus on daily/weekly/monthly tasks, providing information but not any opinions
    • Manages the ongoing financial transactions of the business
  • Accountant
    • Provide advice and other analysis, including certified year end financial statement preparation and tax returns
    • Manage the tax and financial advice

For more information on this topic click here to contact us.

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