Our Services
Red To Black provides comprehensive accounting and bookkeeping services to small and medium size businesses.
Our services offer internal accounting (as opposed to tax accounting services) and bookkeeping support - either at your business locations or from our offices.
With teams of qualified accountants and very experienced bookkeepers, we can offer a wide variety of services to help our clilents.
Comprehensive Accounting and Bookkeeping Services
We have qualified Accountants and Bookkeepers to help you run your back office as efficiently as possible, letting you focus on your business.
Our Accountants do not do tax, instead concentrating on helping you to run your business, while helping to communicate effectively with your tax accountant.
Our Bookkeepers are well trained with many years of experience over a large number of clients.
We are very experienced and certified with MYOB and XERO, to ensure you get the most effective and efficient support.
And to make sure your business back office runs as well as possible, we also provide Training on MYOB and XERO to your staff.
Management Accounting Services
Red To Black can review and optimise your business processes to ensure you have effective financial systems which can be maintained with the least amount of data entry (removing a common source of errors).
We also put in checks and measures to ensure all data entry is auditable and reduce the risk of fraud.
Some of the services our accountants provide include:
- Setting up your Chart of Accounts (in conjunction with your tax accountant)
- Setting up your accounting software, e.g. MYOB (and sorting out issues)
- Importing data to reduce data entry, including client / supplier information, invoices, bank statements and inventory
- Setting up custom forms, including:
- Invoices
- Statements
- Setting up recurring transactions to reduce data entry
- Exporting data to reduce data entry, including direct bank payments
- Setting up user accounts to ensure data entry is auditable
- End of year financial roll over
- End of year payroll
- Setting up budgets
- Generation, analysis and review with business owner of management reports, including:
- Profit and Loss
- Cash Flow
- Balance Sheet
- Debtor and Creditor Balances
- Profitability reports
- Performance against budgets
- Training your staff on Bookkeeping, MYOB and XERO
- Communication with tax accountant on behalf of client
- Set up payroll correctly for automatic and correct calculation of tax and super
- Set up calculation of accrued leave to ensure accuracy
- Setup of new employees with payroll to ensure compliance with awards
- Business Activity Statements (BAS) submissions
- Income Activity Statements (IAS) submissions
- PAYG reporting
- GST reporting
- Workcover Reconciliation
- OH&S / Employee / Process handbooks
- Negotiate terms with ATO if there are cashflow issues
- Repair problems in the accounts from previous incorrect entries
Bookkeeping Services
Our experienced bookkeepers are trained and well versed with our processes, which we roll out across our clients.
If required, they will also be trained in your particular business processes (if the processes are suitable for your business).
Some of the services our bookkeepers provide include:
- Data entry of incoming bills
- Payment of bills
- Generation and issue of invoices
- Generation and issue of statements
- Debt management (chasing up old debts)
- Bank reconciliations
- Cash receipts
- General ledger reconciliations
- Running payroll
- Paying employees
- Issuing payslips
- Paying super
- Backing up / restoring
- Banking
- Monthly financial reports including profit and loss statements and balance sheets
- Organised filing