Bookkeeping Service in Melbourne
Set-up client’s accounts
The initial set-up of the client’s accounts can be a confusing process for those clients not familiar with accounting software. The staff at LFM will liaise with the client to tailor the software to ensure it matches their business or personal requirements. LFM specialise in the relatively new cloud based software ‘Xero’ and of course the more traditional models such as ‘MYOB’, however are not limited to these manufacturers and can assist with any software the client choose.
Processing Data within Software
Whilst some clients have the resources, expertise and time to perform their own bookkeeping, many clients employ the services of our bookkeepers from Melbourne to control this task of the business. The frequency of bookkeeping can be negotiated to suit the client’s needs. If after time the client wishes to undertake their own bookkeeping, the staff at LFM will provide training to ensure the client is armed with the knowledge in areas such as payroll, GST, accounts receivable and accounts payable. Our bookkeepers are able to perform their services either at your business or remotely from our office.
Preparation of Reconciliations
Reconciliations will be prepared as part of the bookkeeping process on either a monthly or quarterly basis. The reconciliations are usually carried out on those accounts that are of significant importance to the business. This process acts as an extra layer of protection to ensure all data has been recorded appropriately between reconciliations.
Maintenance and review of clients data
For those clients wishing to go it alone, LFM are always a call away if anything goes wrong. For peace of mind clients often utilise LFM services to perform routine checks on their data entry to ensure the accounts are being kept in good order. For those complex or unusual transactions the staff at LFM with often talk the client through it step by step.
For bookkeeping advice in Melbourne, call Lenton Financial Management on (03) 9854 6330.