Accounting & Bookkeeping

Bookkeeping 

Cloud technology has revolutionised bookkeeping and data transfer and storage. AI will continue to automate these processes. Businesses and individuals alike need up to date and accurate financial information and easy access to underlying documentation. Technology has put this within reach of everyone. 

Once set up correctly these systems can be maintained with minimal time input, freeing you for higher value activities, with the benefit of increased visibility of your finances real time and the efficiency of immediate access (anywhere) of information and documentation. 

Our practice is based around Xero software and its vast ecosystem of connected applications. Xero has proven to be the most suitable product for our clients except for some larger businesses with specialised ERP systems. Xero is by far the Australian market leader in the segment in which it operates. The Xero product is under constant improvement and has benefited from ground up development as a cloud application, years ahead of its competitors such as MYOB, Reckon and Intuit. We continue to assist clients who use products other than Xero. In most cases clients will transition to Xero because it is a better product for them and us. 

We can assist you to simplify, automate and optimise your bookkeeping, whether it be for business, investment or even administration of your household finances. We also have access to contract bookkeepers who can work closely with us to further free up your time. 

Transaction Document Management & OCR 

Add-on apps such as Hubdoc and Dext can give you amazing power to manage and extract data from transaction documentation. Ongoing advances in optical character recognition (OCR) and AI enable these apps to file your documents by supplier or other categorisation and extract data and push it through to your accounting system. 

These capabilities can be built into your accounts payment system for business or home. A filing cabinet at your fingertips anywhere! 

Financial Reporting 

Preparation of financial reports has traditionally been structured around compliance requirements such as for the ATO or ASIC. Strategic use of the data in these reports was often an afterthought. The timing of reports was slow and analytical data difficult and costly to extract. 

Technology has brought sophisticated and timely reporting within easy reach. Competition among providers continues to drive innovation and improve access to useful and visually stimulating reports and dashboards. 



We can help you to explore ways to save time and extract more insight from your financial reports.