List of bookkeeping services available

Browse our list of bookkeeping services and contact us if interested or if you have questions.

Is your business meeting its legal requirements?

As a business owner in Australia, you need to meet certain laws, regulations and business rules set by the government. Breaking these laws (even unknowingly) can lead to big fines and penalties that your business may not be able to afford.

About this service

As a business owner in Australia, you need to meet certain laws, regulations and business rules set by the government. Breaking these laws (even unknowingly) can lead to big fines and penalties that your business may not be able to afford.

Our compliance service ensures you meet and satisfy all the tax and accounting laws governing your business.

What’s covered?

  • Money owed to suppliers (Accounts Payable)
  • Money owed to you (Accounts Receivable)
  • Matching the amounts recorded in your books against the business bank account statement (Bank Reconciliation)
  • Managing your employees including salaries, wages, bonuses, deductions, and net pay and reporting the appropriate figures to the ATO (STP Payroll)
  • Managing compulsory employer payments to employees (Super)
  • Completing and submitting a statement for GST paid and received to the ATO (BAS Preparation)
  • Preparing a statement for businesses who use and pay contractors (TPAR Preparation)
  • Submitting the final payroll figures to the ATO at the end of a financial year (STP Finalisation)

Main benefits

  • You’re up to date with reporting on all the business requirements and laws
  • You’re paying staff on time, avoiding penalties or suits
  • Money is recovered from debtors on time, because we follow up any overdue payments
  • You maintain a good relationship with suppliers because their payments are made on time

Who needs this service?

  • You employ 20 staff or under
  • Your business is growing and you’re unable to keep up with the increasing amount of reporting required
  • You want to outsource all your bookkeeping and accounts
  • You’re dissatisfied with your current accountant’s or accounting firm’s service
  • You want to manage your own records but need a 3rd party to handle lodgements

Understanding your business numbers

Money is the lifeblood of your business, and it’s vital to understand how these numbers relate to your sales, expenses and staff.

About this service

Money is the lifeblood of your business, and it’s vital to understand how these numbers relate to your sales, expenses and staff.

We help you break down the numbers in your business through monthly reports and put things in context so you can read and understand the reports we produce quickly and easily. We answer all your questions and provide support.

What’s covered?

  • Creating easy to understand reports with insights and information that give you the whole picture (monthly reporting)
  • We break down how to read these reports, so you can use this information to make good decisions for your business (reading the monthly reports)
  • We break down what each item means in an account and in your business (analysis of workflow within accounts)

Main benefit

  • You know how to read financial reports and understand numbers so you can use the information to make better decisions

Who needs this service?

  • Any business owner who wants to learn how to read their financial reports, understand the numbers to create a bigger picture, and use the insights to run a more profitable business

Using technology to improve workflows

Let your business run smoothly and efficiently by using the right technology to automate accounting systems and processes

About this service

The right technology, app or software can:

  • automate repetitive business processes
  • free up staff to concentrate on profitable tasks
  • increase output
  • reduce paperwork and human errors costing your business money and time
  • secure data and store it safely electronically without you needing to hire extra storage space for the paperwork

What’s covered?

  • Analysing workflows within your business
  • Researching and recommending apps or software to systemise and automate workflows
  • Implementing the recommended app and provide training for staff on how to use it

Main benefit

  • An efficient business which runs smoothly

Who needs this service?

  • Any business owner who wants their business to run smoothly and efficiently by using the right technology to automate accounting systems and processes. Currently, some processes are done manually in your business.

Training staff to use XERO Accounting Software

Training employees how to use Xero Accounting Software via video conferencing.

About this service

Training employees how to use Xero Accounting Software via video conferencing. These sessions are taught by our Director, Malisa who is a Xero Certified Consultant.

What’s covered?

  • Installing and set up of the software for your business
  • Training staff how to use it

Main benefit

  • Staff develop the right skills and knowledge needed to use and manage Xero.

Who needs this service?

  • A business that wants to train staff on how to use XERO in all its functionality

Small Business Course (Coming Soon)

Many small business owners often learn through trial-and-error, making expensive mistakes they can’t afford..

About this course

Many small business owners often learn through trial-and-error, making expensive mistakes they can’t afford. Sometimes, it can lead to a business having to shut its doors. Learn how to run a profitable business with this practical, hands-on course that teaches the 101 of running a small business.

What’s covered?

  • Important information you need before starting a small business
  • How to understand your finances and
  • Essential resources available to help you run a successful business

Main benefit

  • You’ll become a more confident and knowledgeable business owner

Who needs this course?

  • Anyone who wants to learn how to start and run a small business confidently

Our bookkeeping process

At MBooks, we follow an easy, 3-step process from when we first sit down with you to taking over your accounts.

We charge a fixed bookkeeping service fee, instead of hourly rates so it’s cost-effective for your business – no bill-shocks with MBooks!

Initial consultation Icon

Initial consultation

Browse our list of bookkeeping services e.g. full, outsourced bookkeeping or a specific service e.g. payroll. Then fill out a detailed briefing form and choose the type of service you need

Customized system creation

We create a customised system for your business

We read all the information you’ve provided and create a proposal that details what bookkeeping system you need in place, and any other systems or processes. This is where the magic happens!

Implement strategy icon

Implement the system

Now it’s time for the real work to begin. We sit down with you and explain exactly what needs to be done and how. We also suggest workflow systems that’ll streamline and automate your existing processes.

MBooks specialises in the use of a variety of software including:

However, if you have other software that isn’t listed one of the key benefits of using MBooks is the ability to learn about new software very rapidly, particularly when it comes to the many add-ons for Xero. Learn more about Mbooks.