EDGE. Small Business Consulting
Your Bookkeeping and Small Business Consulting Solution!
Specializing in Xero accounting software, we can provide a variety of levels of support to best suit your business. We handle the entire process for you from set-up, processing and preparation for your accountant.
Small Business Consulting
We enjoy seeing a small business grow and succeed, and want to be a part of helping you do that. We specialise in small business, and have a great range of either fixed fee or hourly rate options to choose from.
Fixed Price Bookkeeping
Do you want more certainty with your bookkeeping and consulting fees each month? We offer a great way to do this through monthly fixed pricing, over a range of flexible packages designed to suit your needs.
Why choose us?
We are qualified accountants and small business advisors with years of experience.
You will have access to real time advice without the stress of each conversation costing you money due to our fixed price costing model.
Not only is all your back end finance sorted but you will receive constant updates on how your business is going. It’s like having you own small business ‘CFO’.
How Can A Certified Bookkeeper Help You?
Why Hire Edge Small Business Consulting as Your Certified Bookkeeper?
No matter what business you’re in, you need someone to track where you earn and spend your money—and that’s where bookkeepers come in. Assuming you’ve put all of your time and effort into studying various market strategies, you may not fully understand what we do. In a nutshell, bookkeepers document your everyday financial transactions and prepare your accounts. In fact, we’ve been around since 2600 BC when records were still tracked on clay tablets! This makes bookkeeping one of the oldest jobs around. In this article, let’s discuss what we do, how we’re different from accountants, and why you should consider working with us as your next certified bookkeeper.
How are We Different from Accountants?
There are some financial tasks that a bookkeeper isn’t equipped for. This is where accountants enter.
If our task involves recording everyday financial transactions, accountants are responsible for making financial models from this information. While our job is straightforward and transactional, accounting is more subjective and requires skilled interpretation. For instance, accountants can help you decide when to incorporate or how to file your taxes to get the best return possible.
In short, we give you an idea of where you are financially at the moment. Meanwhile, accountants offer a bigger picture and the path your business is on.
What Does a Certified Bookkeeper Actually Do?
Our duty will always be a combination of collecting receipts and data entry. We record every financial transaction in your general ledger using what we call double-entry bookkeeping. This means using accounting software to input all your transactions.
However, bookkeeping is more than just typing figures into a spreadsheet. It takes some serious analysis and legal knowledge too—besides, we make sure all your numbers and deductions are correct to help you through an audit.
Below are the four key financial statements that we help prepare for your business:
Also referred to as profit and loss, a certified bookkeeper prepares this to show your revenue and expenses over a specific period.
This gives you an idea of where you are financially at a certain time.
Cash Flow Statement
This is a record of cash and cash-like transactions that enter and leave your business.
Statement of Changes in Equity
Or statement of retained earnings, this shows how your capital, reserves, and retained earnings may have changed during a specified period.
Here are other essential things we can help with to make sure your business runs as smoothly as possible:
- We take our time managing your accounts payables and accounts receivables. This means that a certified bookkeeper makes sure that you pay your bills and get paid on time.
- We collect sales taxes and forward them to the government.
- We monitor your level of debt and set aside funds as it comes up for payment.
- We take note of any cash deposits at the bank.
- We make sure that monthly bank reconciliations are accurate.
- We maintain your yearly budget.
- We process payroll.
- We report any issues or problems once they happen.
- We supply your accountant with correct financial statements for when tax season comes.
And since we’re cheaper than accountants, we can take care of some of the tax preparations in advance so they’ll have lesser to do. We cannot, however, help with tax planning or how to handle your tax return.
Why Work With Us As Your Next Certified Bookkeeper
If you’re a small business owner, doing everything by yourself can be tempting. But you know that this isn’t possible. One of the best decisions you can make for your business is to outsource to a bookkeeping company. Bookkeeping calls for a lot of specialist knowledge—so if you entrust your books to us, you’ll have more time and energy for your business rather than stressing about keeping your books updated and accurate.
Here are some benefits you can reap by working with our team:
- We tell you where exactly your money goes, so you can make better budgeting decisions.
- With a certified bookkeeper, you’ll have peace of mind that your books are in order and are ready for the upcoming tax season.
- We can present detailed documentation to make your business audit-proof.
- We give you a chance to focus more on the growth of your business.
- We can give you a better understanding of your business’ seasonal flow.
- We let you understand the key metrics of your business like cost, revenue, profitability, etc.
But we’re not just certified bookkeepers—we’re qualified accountants too! Led by our founder Daniel who has been in the accounting and finance sectors for more than 10 years, we can give additional assistance that a regular bookkeeper can’t provide. And while we pride ourselves as a certified bookkeeper, we have a wide range of experience and specialize in all facets of small businesses.
We also specialize in Xero, a great accounting package that’s still a bit new to the world of small business. Since it allows us to do everything online, we can now help with your accounts more efficiently and in real-time! We offer competitive rates and give the best value for your money. So aside from saving money by working with us, you can also save a lot with your accountant when tax season finally arrives!
Final Words on Outsoucing to a Certified Bookkeeper
Bookkeepers have been called “bean counters”. But if you once skipped on getting a certified bookkeeper and tried to do everything on your own, you’ll know that that title does not cover our work. Our goal is to resolve unanswered questions and do a bit of investigating once the figures don’t add up. We never cut corners, and we’re a great asset if you wish to see your business grow rather than just maintaining it.
Don’t want to worry about bookkeeping anymore? Contact our team today for a “no obligations” chat where we can talk you through our monthly packages to see what works best for you and your business!