BOOKKEEPING SERVICES

BOOKKEEPING IN TAURANGA

Welcome to The Accounts Hub, your premier destination for professional remote bookkeeping services Tauranga, Bay of Plenty, and New Zealand-wide. We understand the critical role that accurate financial record-keeping plays in the success of your business. Our dedicated team of experienced bookkeepers is here to ensure that your financial data is well-maintained and leveraged to make informed decisions that drive your business forward. With a keen eye for detail and a commitment to precision, we take the complexity out of bookkeeping, allowing you to focus on what matters most - your business. Whether you're a small business, a startup, or an established enterprise, our comprehensive bookkeeping solutions are tailored to meet your unique needs. Discover how our services can provide you with the financial clarity and peace of mind you deserve. Explore our bookkeeping expertise today and experience the difference with The Accounts Hub.

Leave your worries behind as we organise your books. With our support, you'll have the right systems and technology in place, allowing you to focus on your business without compliance concerns. Bookkeeping services Tauranga, Bay of Plenty and New Zealand-wide.

The Accounts Hub Bookkeeping and Virtual CFO services - Bank reconciliation in Xero.

Bank and Credit Card reconciliations and processing

Xero can provide critical insights into your business if the data is correct. Connecting and automating the feed of your business bank accounts, credit cards, and loan accounts into Xero provides a solid base to build your reporting functionality. If this foundation is not accurate, the flow-on effect can be significant. Entering the correct opening balances when you first transition to Xero and completing regular checks that the balances still match is very important. We recommend a monthly review.

We can help by:
- Coding and reconciling account transactions accurately to optimise reporting.
- Verification of opening balances.
- Prepare bank reconciliation reports to ensure bank balance is accurate.
- Set up new bank accounts, credit cards or loan accounts and connect bank feeds.
- Create bank rules for easy reconciliation.

The Accounts Hub Bookkeeping and Virtual CFO services - Accounts Payable and Accounts Receivable Management in Xero.

Accounts Payable & Accounts Receivable Management

Staying on top of debtors and creditors can sometimes be a challenge.

Accounts Payable - Bills - Creditors:
Promptly entering bills or supplier invoices into Xero can provide insight into the future cash requirements of the business. Defaulting on due dates can be costly to a company financially and negatively impact relationships and damage your reputation.

We can help by:
- Processing supplier invoices promptly.
- Tidy up - remove duplicates, reconcile statements and correct reconciliation errors.
- Process payments through the bank or set up batch payments.
- Complete regular reviews. We recommend a monthly check.

Accounts Receivable - Invoices - Debtors:
Managing debtors may not be top of mind when you're busy growing your business. Good debtor management is critical to ensuring your business has enough working capital to reinvest and grow.

We can help by:
- Creating and sending invoices to clients and customers promptly with the correct information and sufficient detail on quotes, invoices and statements to minimise payment delays.
- Review of current credit policy and terms of trade.
- Assistance with payment reminders and debt collection to support cash flow.
- Tidy up - remove duplicates, apply credit notes and discounts.
- Review and advise on invoice settings.
- Complete regular reviews. We recommend a monthly check.

The Accounts Hub Bookkeeping and Virtual CFO services - GST Filing and compliance with IRD.

GST Return filing with Inland Revenue

GST is one of the compliance headaches for many business owners. Unfortunately, it is unavoidable if you are over the $60,000 turnover threshold. Never think about GST again, let us take care of this for you.

We can help by:

- Advise whether you should register for GST and what your filing frequency should be.
- Prepare GST reconciliations, review the return for accuracy and complete any necessary adjustments.
- Publish GST reports in Xero.
- File your GST return with Inland Revenue.
- Liaise with the IRD on any issues.
- Advise you of payments required or refunds owing promptly.
- Deregister for GST if applicable.

Payroll processing, PAYE filing and compliance

Like GST, payroll is another compliance headache you may face in your business. It is a surprisingly complicated area of legislation. There is a lot to consider as an employer, and navigating regulatory changes can be costly and time-consuming.

We can help by:

- Taking care of the entire Payroll function for you.
- Prepare periodic pay runs and provide payslips to employees.
- Communicate with your employees on any issues.
- Recommend the appropriate Payroll software for your company.
- Setup payroll system.
- Correct payroll errors.
- File PAYE with IRD.
- Assist with relevant calculations.
- Maintain employee records.
- Assistance with KiwiSaver.
- Add new or remove terminated employees from the system.
- Train employees on how to use the system and process their timesheets.
- Stay up to date with legislation updates.

Backlog bookkeeping and compliance assistance

If your bookkeeping or accounting has fallen behind, we can help get you up-to-date and keep you there.

We can help by:
- Dealing with unreconciled transactions.
- File any outstanding returns (GST, PAYE, FBT)
- Work with your tax accountant to get your tax filing up to date.
- Implement systems and processes to keep things running smoothly.
- Provide training to any team members that impact the accounting/finance function that may cause bottlenecks.
- Liaise with Inland Revenue to try and minimise interest and penalties.

The Accounts Hub Bookkeeping and Virtual CFO services - Correcting and cleaning up messes

Correcting mistakes and cleaning up messes

Not all bookkeepers are created equal, but we have an in-house Chartered Accountant who can work through your accounts' errors. If your books are a mess, we would love to help.

Fixed Asset Management & Depreciation

Fixed asset management tracks and maintains an organisation’s physical assets and equipment. The better and more effectively a company manages its assets, the greater the prospect of maximising value from these investments. Without fixed asset management, an organisation may experience unplanned downtime, equipment failures, misplaced or lost inventory, safety or environmental breaches, and failure to meet compliance or regulatory standards.

On the other hand, effectively managing your assets helps you keep an accurate balance sheet, avoid tax and compliance issues, provide information necessary for adequate insurance coverage, prevent wastage and theft, and help determine the real value of your business.

How we can help:
- Setup your fixed assets in Xero.
- Review your fixed asset schedule.
- Import or create new fixed assets.
- Calculate/run depreciation.
- Write off any redundant or sold assets.
- Prepare fixed asset reconciliation reports.
- Account for private use adjustments.
- Build a fixed asset schedule for the purchase or sale of a business.
- Filing of essential documents.
- Create a fixed asset management plan.

The Accounts Hub Bookkeeping and Virtual CFO services - Email, administration, and document filing support

Email, administration, and record/document filing

A valuable lesson we have learned from previous experience is the need to develop a back end administration system and office processes to streamline access to information. Suppose a document takes you or your team more than a few minutes to find. In that case, you may need to overhaul the functionality of how your company documents and communications are received, managed and filed.

How we can help:
- Migration of all accounts related communication to go to one dedicated email account.
- Management of company "accounts" email.
- Management of physical mail (via PO box).
- Develop a document filing system for all critical documents using Google Drive, Dropbox, or OneDrive.
- Review and implement backend systems.

The Accounts Hub - Bookkeeping and Virtual CFO services - All "Other" things relating to bookkeeping
- Verifying balances
- Liaise with your bank, accountant. lawyer and Inland Revenue as required.

All "Other" things relating to bookkeeping services Tauranga

All other things we have left off the other categories including but not limited to:
- FBT returns.
- RWT returns.
- Companies office administration and annual return filing.
- Virtual office assistance.

"You do not rise to the level of your goals.
You fall to the level of your systems."
- James Clear

XERO

The Accounts Hub is passionate about technology and how we can leverage it to improve efficiency. Xero Accounting Software is a user-friendly, beautiful system that allows us to provide meaningful information from your business data. Our team have used Xero for over ten years and provides expertise on all things Xero. We have you covered, whether it is a deep cleanup of your accounts that have lacked love and attention, training you or your team, or setting you up from scratch.

TRAINING

We provide virtual one-on-one training sessions where you will learn how to use Xero like a pro, streamlining workflow and improving accuracy in your accounts.

THE ACCOUNTS HUB

BOOKKEEPING SERVICES

BOOKKEEPING IN TAURANGA

"You do not rise to the level of your goals.
You fall to the level of your systems."
- James Clear

XERO

THE ACCOUNTS HUB

CONTACT US

BOOKKEEPING SERVICES

BOOKKEEPING IN TAURANGA

"You do not rise to the level of your goals. You fall to the level of your systems." - James Clear

XERO

THE ACCOUNTS HUB

CONTACT US

"You do not rise to the level of your goals.
You fall to the level of your systems."
- James Clear