Bookkeeping & Payroll
Bookkeeping
If you are struggling with your day-to-day bookkeeping whilst trying to manage all other aspects of running your business, Candour Solutions can provide support on an 'as required basis' and step in during your busy periods when you need help the most.
As a registered BAS agent our team can attend to your activity statement lodgements and work collaboratively with your accountant to ensure all bases are covered.
Our Bookkeeping Services
Reconciling bank accounts, generating customer invoices, paying bills, and attending to your compliance obligations (including BAS, Workcover Declarations, Single Touch Payroll filing and Payroll Tax Returns) are just some of the services we provide.
Candour Solutions can support your bookkeeping needs including:
- Procedure development and implementation
- Reconciling bank accounts and automating up to 80% of transaction coding by configuring bank rule setup.
- Troubleshooting bank reconciliation discrepancies.
- Managing Accounts Receivable including processing daily sales, receipting customer payments, and attending to debt collection.
- Managing Accounts Payable including processing supplier invoices, reconciling invoices with monthly statements, preparing ABA batch payments, sending supplier remittances, administering credit applications, etc
- Overseeing Inventory management including co-coordinating stock take, importing items lists, setting up accounting solutions to track stock movements, etc
- Job and tracking category setup and reporting
- Inter-entity loan balancing
- Multi-currency setup and reporting
- Preparation and lodgment of Business Activity Statements (BAS), Taxable Payments Annual Reports (TPAR), Single Touch Payroll lodgments and finalisation, Payroll Tax Returns, etc
- Management reporting including Balance Sheet, Profit Loss, Cash Flow, Ratio Analysis, etc
Payroll
Single Touch Payroll (STP) reporting became mandatory for all businesses from 1 July 2019.
Finding the right payroll solution for your business doesn't necessarily mean you have to stop using your accounting solution of choice if it's not STP compliant. There are stand- alone payroll solutions available, or perhaps a simple upgrade to your existing accounting and payroll solution is all that's needed.
Our Payroll Services
Candour Solutions offers STP compliant payroll options that include employee on-boarding, time-sheets, automated superannuation, integration with modern awards and exporting the breakdown of wages, PAYG withholding, deductions and superannuation within your accounting solution.
Our payroll specialists can support your business with:
- Payroll processing
- Single Touch Payroll setup, filing pay events and reconciling prior to end of financial year finalisation
- Stand-alone payroll solution setup and training
- Employee on-boarding and payroll administration
- Workers compensation administration and declarations
- Time-sheets and time tracking automation
- Employee entitlement setup and reconciliations
- Fair Work employer compliance requirements
- Salary sacrificing
- Termination payments
- Employee deductions such as child support
- Superannuation clearing house set up and reporting
- Superannuation Guarantee Charge statement preparation