FAQs

Here are a list of some of my frequently asked questions. Please feel free to contact me for any further info you may require.

Q. How do you charge?

A. I charge an hourly rate for all services. I can also provide a fixed fee estimate of how long a certain task will take, but from experience with my clients, I find in the long run it is fairer and more flexible for both parties to work to an hourly rate. With any business, there are peaks and troughs the advantage of an hourly rate ensures that you only pay for the time spent and the service you have received, opposed to a fixed fee payment option.

 



Q.
What is the difference between a Bookkeeper and an Accountant?

A. Bookkeepers and Accountants have different levels of responsibility. An Accountant specialises in the ‘big picture’ and is qualified to give advice on tax management and planning a financial infrastructure for a business. An Accountant will create reports from the Bookkeepers transaction and lodge forms with the Taxation Office.

A Bookkeeper specialises in the ‘finer details’, dealing with the source documentation for your business such as; recording and categorising the day-to-day financial transactions of a business, producing reports for accountants and the taxation office and providing help to manage business cash flow. A Bookkeeper who is a registered BAS Agent, is qualified to administer systems that fulfil a business’s BAS obligations.

 



Q.
Will I still need an Accountant?

A. Yes. I have chosen to focus on the day to day part of accounting in business, known as bookkeeping. An Accountant will prepare and lodge your Tax Return, however the amount of time that your Accountant requires may reduce due to the level of detail your records are kept in when they are managed by a qualified Bookkeeper.