Business Services

Business Services & Accounting Software in Canberra

Wide-Ranging Business Solutions

Specialising in Xero, MYOB, Employment Hero & KeyPay, Sage, GP, QuickBooks and Attache, Pamela at Figures Right is certified in multiple accounting software packages. She is also proficient in add-on apps for multiple accounting software programs.

Pamela takes the time to understand your business’s needs before recommending a solution that best meets those needs. Whether you require a complete overhaul of your filing and administrative systems or are simply in need of a reliable bookkeeper, Pamela is available to help.

Get in touch on 0418 633 907 to organise a free one-hour initial consultation. Proudly serving business owners in Canberra and surrounds.

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Business Bookkeeper Benefits

Partnering with a bookkeeper for your business operations offers several benefits. Firstly, it ensures accurate financial records, crucial for decision-making and compliance. Bookkeepers handle tasks like recording transactions, reconciling accounts and generating financial statements, freeing you to focus on core business activities. Their expertise can also provide insights into cost-saving opportunities and financial health assessments.

Additionally, having organised finances simplifies tax preparation, potentially reducing tax liabilities. Moreover, a bookkeeper helps identify and rectify errors or discrepancies promptly, preventing potential financial issues.

Ultimately, partnering with a bookkeeper promotes financial stability, enhances operational efficiency and facilitates informed strategic planning, contributing to your business's long-term success. Find out what Pamela at Figures Right can do for your business by reaching out today.

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Accounting Software Packages Explained

Several accounting software packages are available for businesses, each offering unique features to suit different needs.

Xero is a popular choice known for its user-friendly interface and robust features, including invoicing, bank reconciliation and inventory management.

MYOB (Mind Your Own Business) offers comprehensive accounting solutions tailored for small- to medium-sized businesses, with features like payroll processing, expense tracking and financial reporting.

Employment Hero combines HR and payroll functionalities with accounting features, streamlining employee management, payroll processing and compliance tasks.

QuickBooks is renowned for its flexibility and scalability, catering to businesses of all sizes. It offers a wide range of accounting tools, including invoicing, expense tracking and tax preparation.

Each software package has its strengths and may be suitable depending on factors such as business size, industry and specific accounting needs. Discuss your requirements with Pamela today to find out which is right for your business.

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Accounting Software Advantages

Accounting software programs offer several advantages for businesses:

Efficiency: Automation of routine tasks such as invoicing, bill payments and reconciliation speeds up processes, saving time and reducing manual errors.
Accuracy: With built-in calculations and real-time data updates, accounting software ensures accurate financial records, helping to minimise errors and discrepancies.
Financial Insights: Advanced reporting features provide valuable insights into business performance, cash flow and profitability, aiding in informed decision-making and strategic planning.
Collaboration: Cloud-based accounting software enables remote access and collaboration among team members and accountants, facilitating seamless communication and workflow management.
Scalability: Accounting software can grow with your business, accommodating increased transaction volume, expanding operations and evolving accounting needs.

Overall, accounting software enhances efficiency, accuracy and collaboration, contributing to improved financial management and business success.

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Frequently Asked Questions

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 who can help answer the questions you have about various financial processes for your business.