Frequently Asked Questions

When should I contact an accountant?

As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business's organization, tax purposes and operations, along with target pricing and profit margins.

Do I need a bookkeeper if I have an accountant? What is the difference between the two?

Bookkeepers are responsible for on-going maintenance of their clients’ general ledgers and help managing business cash flow. A bookkeeper’s common responsibilities consist of:

Registering or providing advice on registration for an ABN, GST or PAYG withholding
Compiling data on a daily basis
Categorizing expenses and reviewing the general ledger for accuracy
Preparing financial statements
Lodging business activity statements
Payroll processing and Superannuation Contribution
Providing advice about the indirect tax laws, including the GST law, the wine tax law, the luxury car tax law, the fuel tax law, and the PAYG systems
Representing a client in their dealings with the ATO relating to the above matters

Accountants use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services, such as:

Analyzing the company’s financial data
Preparing income tax returns
Providing advice on tax management

Why should I use a bookkeeper? Why not just use accounting software myself?

Most businesses get in touch with their tax agent once a year for filing annual tax return. Tax agents might not be as easy to approach for small to medium sized businesses especially when they charges more expensive consultation fees. Bookkeepers make it easier to run a business. They provide on-going maintenance of their clients’ accounts. Therefore, business support can be provided throughout the year.

What is the Vision Bookkeeping difference?

Vision Bookkeeping is run by accountants with CPA qualification. Therefore, you pay one price for both bookkeeping and professional accounting services. We help managing business cash flow on a daily, weekly, and monthly basis. That means we stay in contact with you throughout the year, keep you supported when needed. Appointments can also be done on your business premises.

We also keep you up to date with changes in payroll, tax, GST, PAYG and other ATO legislation. Please head out to our Facebook page for updates.

How much does Vision Bookkeeping cost?