what we can do for you
At M & M Group Accounting, we do our best to ensure that our clients are provided with a level of service that is tailored to their needs. Please feel free to contact us to put in place a monthly or quarterly package to ensure you are receiving exactly what services you need within a budget that you can afford.
your package includes
SET UP
- Initial set up on accounting software where needed
- Conversion from one accounting software to the other where needed
- Cleaning up old files where needed
PAYROLL
- Setting up of new employees, including lodgement of TFN declarations
- Periodic payruns and Payslips sent to staff
- Superannuation paid in accordance with SuperStream (depending on accounting program, and how super is paid)
- Wage and super reconciliation
- Leave accruals
- Termination of employees
PAYG summary statements sent to the ATO
INVOICING, BILLS & PAYMENTS
- Set up of invoice template
- Preparation of bills and invoices as needed
- Send invoices to customers
- Send reminders when bills are due
- Some accounting packages allow for payments to be made directly from the program itself (e.g. Xero). We can assist in the set-up of this and preparation of batch payments.
BANK RECONCILIATION
- Periodic bank reconciliations
CASH PAYMENTS AND RECEIPTS
- Manual entry for cash payments and receipts
- Manual adjustments where needed
DEBTOR & CREDITOR MANAGEMENT
- Periodic checks on debtor and creditor balances to assist with cash flow and overdue debts
INVENTORY/STOCK CONTROL
- Depending on the accounting program and add-ons, we can assist in controlling and monitoring inventory levels.
PERIODIC BUSINESS PROGRESS REPORTS
- Periodic emails sent with reports outlining the progress and current position and performance of your business
ASSET MANAGEMENT
- Set up of assets within the accounting program
Schedule of assets kept neat and tidy
CORRESPONDENCE WITH SUPPLIERS & CUSTOMERS WHEN NEEDED
- Any matters arising with customers or suppliers can be dealt with by us if needed
Basic
For start-ups and small entities with no payroll/subcontractors.
Ideal for businesses that want to handle their own books but have someone reviewing, correcting and preparing ATO lodgments.
From
$110+ GST a month
- Email support
- Quarterly review of:
- Annual Financials
- Debtors/creditors
- Profit and Loss
- Balance Sheet
- BAS and/or IAS Preparation and Lodgment
- Annual Tax Return
- End of Financial Year
Optional: $50 + GST per month for M & M Group Accounting to process the bank feeds and reconciliation
BASIC WITH PAYROLL
For start-ups and small entities with payroll and contractors
Ideal for businesses that want to handle their own books but have someone reviewing, correcting and preparing ATO lodgments.
From
$150+ GST a month
(Up to 5 employees on payroll)
- Email support
- Monthly review of:
- Payroll
- Superannuation accrual and payments
- Contractor transactions
- Quarterly review of:
- Bank reconciliation
- Debtors/creditors
- Profit and Loss
- Balance Sheet
- Assistance with end of year STP finalization
- Preparation and lodgment of TPAR
- BAS and/or IAS Preparation and Lodgment
- Annual Tax Return
- End of Financial Year
Optional: $50 + GST per month for M & M Group Accounting to process the bank feeds and reconciliation
CLASSIC
For small to medium entities
From
$300+ GST month
(Up to 10 employees on payroll)
- Email support
- Bank Transaction Processing
- Monthly review of
- Payroll
- Superannuation accrual and payments
- Contractor transactions
- Quarterly review of:
- Bank reconciliation
- Debtors/creditors
- Profit and Loss
- Balance Sheet
- Assistance with end of year STP finalization
- Preparation and lodgment of TPAR
- BAS and/or IAS Preparation and Lodgment
- Annual Tax Return
- End of Financial Year
PREMIUM
For medium to large entities
From
$550+ GST a month
- Email support
- Bank Transaction Processing
- Periodic pay runs created
- Processing of superannuation payments (ready for your approval)
- MProcessing contractor transactions for TPAR purposes
- Monthly review of:
- Debtors/creditors
- Profit and Loss
- Balance Sheet
- Asset and inventory management if needed
- Assistance with end of year STP finalization
- APreparation and lodgment of TPAR
- BAS and/or IAS Preparation and Lodgment
- Annual Tax Return
- BEnd of Financial Year
- Tax Planning