About Figures Right
We offer a full range of accounting services including Business Activity Statements, Instalment Activity Statements, payroll processing, superannuation, salary sacrificing, financial reporting, reconciliation, day to day bookkeeping and more. We understand that each client has unique needs, and we work closely with our clients to provide customised solutions that meet their specific needs.
Expert Accounting Services For Your Small Business
Figures Right work with multiple cost based and location projects as well as total hour budgeted projects requiring weekly or monthly cost analysis. We work with multiple add on apps that assist with keeping a more detailed track of transactions if required.
We offer comprehensive payroll services, including payroll processing, tax filing, and compliance management. Let us handle the details so you can focus on growing your business.
Specialising in Xero, MYOB, Employment Hero & KeyPay, Sage, GP, Quick Books and Attache software. Certified in multiple accounting software. Figures Right are proficient in add on apps for multiple accounting software programs.
Audit and Assurance
Unique one on one consultation so as to fully understand your business bookkeeping and accounting needs. Quarterly meetings to review your business financial position and discuss any updates, upgrades or changes to your business requirements.
See What Our Clients Have To Say
Figures Right & Pamela has made the process seamless!
“You are never too small for a Bookkeeper-having been at the bottom of new business and tight finances the one thing I learnt was TAKE THE LEAP”
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Frequently Asked Questions
Is bookkeeping and accounting one and the same concept?
Although there might be some overlap in certain cases, it is important to know that accounts and bookkeepers might work together, but their expertise and skill sets are not exactly the same.
Bookkeepers take care of businesses’ daily financial recordings, performing quality checks as well.
On the other hand, accounting encompasses analysing, reporting and summarising the information that they receive from bookkeepers. Their reports provide snapshots of how businesses are performing financially, as well as which portion of tax they are liable for.
Therefore, both a bookkeeper and an accountant can help you reach financial goals – see them as a team in tandem with providing important data that informs key business financial decisions, as is the case with yearly financial reports and tax returns.
Do I need to have both an accountant and a bookkeeper?
Because of their diverse responsibilities, it is important that you consider both positions when it comes to keeping your business’s financials
Where a bookkeeper will ensure that your record-keeping stays up to date, your accountant uses the data they gather from the bookkeeper to measure your business’s performance and growth, and will provide insight into how you can maintain a good trajectory.
How will having a bookkeeper benefit my business?
Over and above minimising time constraints, your bookkeeper can help ensure that your business is compliant with all legislation. Your bookkeeper will keep abreast of any changes in laws, including those pertaining to payroll and taxes.
A bookkeeper also keeps track of your company’s financial health and advises you on decisions that can help you grow your business. They can also warn you if you’re about to make a decision that could hinder your longer-term growth.
Therefore, when you partner with the right bookkeeper, you get that support for your business that stretches further than just logging data – you truly get someone in your corner that can help answer the questions you have about various financial processes for your business.
How much do bookkeeping services cost?
Due to the varying complexities of businesses and their requirements, it is impossible to put a definitive number on the overall cost of bookkeeping services. For example, a sole trader’s bookkeeping needs will differ greatly from a retailer that pays staff!
We offer a complimentary one-hour consultation to discuss your business needs and identify ways we can help you to grow your business. Once we have a strong understanding of your business and expectations, we can discuss a package that suits.
What is the difference between a Profit & Loss (P&L) and balance sheet?
The profit and loss reports:
Income – Direct Costs = Gross Profit – Expenses = Net Profit
The Balance Sheet reports:
Assets – Liabilities = Equity
Can a bookkeeper do payroll?
We sure can! Our payroll services cover everything from setting up STP to superannuation. We regularly attend bookkeeping training to keep ourselves up to date on the latest industry updates (including the recent award changes) and pride ourselves on keeping clients compliant with ATO requirements and streamlining business processes.
Better yet, see us in person!
We love our customers, so feel free to visit during normal business hours.
- Canberra, Australian Capital Territory, Australia
- 0418 633 907
- Mon-Fri 9:00 am - 5:30 pm
- Sat-Sun Closed