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Business Financing Accounting

Start with the Fundamentals

Bookkeeping is a foundation of business accounting. By systematically recording and organising a company’s financial activities (payments, purchases, sales receipts, other transactions, etc.) to ensure its accuracy, business owners can make informed decisions on where to take their venture.

We offer our superior bookkeeping solutions for small- to medium- businesses to help align company growth objectives. Our team has also developed a model that gives customers the best experience with us as possible: flexible services, fixed-prices, on-demand work and bookkeeping that goes beyond traditional compliance as your business needs change.

WHAT WE HANDLE:

BAS/IAS Lodgments

Our registered BAS Agents can lodge your company’s BAS or IAS and negotiate your tax obligations smoothly.

Bank and Credit Card Reconciliation

We take care of any bank of credit card-related transaction issues that need to be addressed, including disputing processor transactions and making journal entries to track balances.

Xero Account Setup and Management

Our team will set you up with the Xero cloud-based software and help you manage the platform so your data stays current without any hassle on your end

Accounts Payable and Receivable

Turn to our bookkeepers when you want the amounts owed to your company by customers and the amounts you owe to your suppliers tracked properly.

Monthly Financial and Management Reporting

We can make sure that you receive meaningful financial and management reports.

Full Time/Outsourced Options

We have been a part of many clients journey, from preparing BAS and basic bookkeeping support, to a more comprehensive CFO/accounting support engagement. But eventually, the contract bookkeeping model can become cost prohibitive.

To combat this and support clients as they grow we can provide full time outsourced staff that are 100% dedicated to you and your business; but supported by Your Finance Department from a technical perspective.

If you don’t yet need a full time bookkeeper, you can look at an option to blend a Admin assistant or a Virtual Assistant, both offering basic bookkeeping skills, in to your team.

 

Admin Assistant

Basic Bookkeeping/General Admin

$2800 Per Month (38hrs/Full Time)

Virtual Assistant

Bookkeeper/Administrator

$3,000 Per Month (38hrs/Full Time)

Bookkeeper

Experienced Bookkeeper

$3,500 Per Month (38hrs/Full Time)

THE PROCESS:

  • Recruitment:

Firstly we work with you to create a job scope and position description. This is then passed to our recruitment partners and from an average of 200+ applicants we short list to 30 and conduct initial video interviews. Following which we shortlist 3 candidates for your review.

A fee of $500 is required to commence the hiring process. This is non refundable if you do not proceed but is credit to your account if a hire is completed.

  • Onboarding:

Once you have completed your shortlist of video interviews and a preferred candidate is selected, we will arrange the relevant paperwork. this includes our engagement and other more practical pieces such as IT and software requirements. 

  • Check-Ins:

We will then follow up with 1, 3 & 5 month check-in’s with your staff member and relay any concerns or queries to you. We provide a 6 month replacement guarantee. 

The important thing to remember is that the employee is 100% dedicated to you and your business. As such they need and want engagement on a daily basis. You need to liaise with them and assist with training in your business processes for them to become productive. 

All our staff have access to the YFD Bookkeeping Team for peer support and technical advice.

 

TERMS & CONDITIONS:

  • All hires are full time.
  • Minimum hire period is 12 months
  • Payment Terms are 14 day following the start of the month
  • Provision of Software, hardware and IT Support of your systems are at your own cost.

 

Contract Rates/Packages

Start Up

$75/per week

<$250k T/Over

Email Support
1x Bank A/c Reconciliation
Supplier Invoice Entry (Receipt Bank)
Quarterly BAS/IAS Lodgement
Quarterly Financial & Management Reports (Simple)
Quarterly Balance Sheet Reconciliations
*This package is subject to a maximum transaction quantity
Buy

Standard Lite

$150/per week

$500k to $1m T/Over

Unlimited Email Support
1x Bank A/c Reconciliation
Supplier Invoice Entry (Receipt Bank)
Monthly IAS/BAS Lodgement
Monthly Reporting: P&L /Balance Sheet
Quarterly Balance Sheet Reconciliations
(XERO) Accounting System Set up
Buy

Standard

$230/per week

$1m to $1.5m T/Over

Unlimited Phone & Email Support
2x Bank A/c Reconciliation (Weekly)
Supplier Invoice Entry (Receipt Bank)
Monthly IAS/BAS Lodgement
Monthly Financial & Management Reporting
Bi Monthly Balance Sheet Reconciliations
Credit Card/expense Capture & Reconciliation
Prepare Supplier Payment Run
*This package is subject to a maximum transaction quantity
Buy

Growth

$499/per week

$1.5m T/Over

Unlimited Phone & Email Support
Multiple Bank A/c Reconciliation (Daily)
Supplier Invoice Entry (Receipt Bank)
Monthly IAS/BAS Lodgement
Monthly Financial & Management Reporting
Quarterly Balance Sheet Reconciliations
Credit Card/Expense Captrue & Reconciliation
Prepare Supplier Payment Run and simple Cashflow
Process & Match Customer Invoices
Buy

See What Our Clients Say

Jon Harry
Jon Harry
23:26 09 Oct 24
Your Finance Department has been an invaluable partner to our business, offering both strategic guidance and day-to-day support. Their professional insight has helped us build a stable foundation for growth, and we continue to appreciate their guidance and dependable service.
Ben Price
Ben Price
09:41 05 Jan 23
Fantastic and prompt service from the team. Always go the extra mile. Would highly recommend using their services.
Liz Waters
Liz Waters
07:56 19 Apr 22
Always super responsive and helpful to my requests! So easy to work with
Walkway to Ceylon - Obsessed with food
Walkway to Ceylon - Obsessed with food
07:54 10 Oct 21
We are very pleased that we signed up YFD to manage our business accounts and taxes. Not only that, but also if you are planning to expand your business ,Steve's advisory service is the go to place.. you can not go wrong. Very professional and value for money. Highly recommended!
Marlene Curreen
Marlene Curreen
08:05 27 Sep 21
Extremely high quality service from a very well experienced professional. Steve and his team do a top job in deciphering the numbers and calling out areas of concern before they happen.
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