Accounting Systems & Bookkeeping

There is a vast range of accounting system and software options available and they vary greatly in how they operate. The size and complexity of the right software for you depends upon your business or personal needs. You should also consider the people that will be involved in using the software, their availability, and ability to learn and understand new technology.

Accounting systems can create efficiencies and give quick access to financial performance

Well known computer accounting systems such as MYOB, Quickbooks, Xero, Handisoft can create great efficiencies. However, be aware that they can present a challenge to first time users. Therefore, if you are considering using a new accounting system or even transitioning from a new one to a brand new package, it’s important you invest in your own education and training around it.

In certain situations the software provider will also offer cost effective training solutions in the form of guides and online tutorials which can help fill the gaps in your understanding. If you are however looking for a more personalised, human approach, we are available to assist you in getting the most out of your accounting system. We can even come to you for convenience.

At the end of the day, you need an accounting system that lowers the time that you spend on record keeping, without prejudicing the quality of information that it produces. Your Payroll function, your BAS, Stock Management and Fixed Assets should be streamlined and automated as much as possible so you can focus on your core business instead of getting lost in the numbers.

Simple accounting methods can still be useful for some businesses

Small businesses can often achieve a reliable accounting system through the use of a cash book or other manual record keeping systems such as a spreadsheet. As your business grows in size you have more considerations and more items to report. As the business grows the nature and quality of this information becomes more important for the purposes of making decisions in the business.

Cash books and other simple methods do not have a large learning curve.

accounting and bookkeeping services

Reporting of financial performance is important

It is one thing to know how to use and administer an accounting package, you should also understand how to interpret the data that it reports. This includes how to tailor reports to your needs, and create summary information that minimises ‘the paralysis of analysis’.

Part of our approach at Cross, Sinclair & Novotny is not only to teach you how to run your software efficiently, but help you gain an understanding of how the software can help you gain insight into your business.

About Cross Sinclair & Novotny

Cross Sinclair & Novotny provides a complete range of professional accounting and taxation services to all types of businesses, superannuation funds and individuals. With over 30 years’ experience in providing accounting and taxation services, Cross Sinclair & Novotny provides a personalised and professional service together with quality advice. Cross Sinclair & Novotny are based at Hillarys in the northern suburbs of Perth and provide services to surrounding suburbs including, Whitfords, Kallaroo, Sorrento, Padbury, Craigie, Mullaloo, Woodvale, Kingsley, Duncraig, Beldon, Heathridge and Ocean Reef through to Perth.

“In the 15 years as a client the team at Cross, Sinclair & Novotny have always provided us with an efficient, reliable and professional service, I would not hesitate to recommend them.”

Duro MargareticDirector, Luan Holdings Pty Ltd

“For over 20 years as a client Cross, Sinclair & Novotny have always met our lodgement obligations with the ATO whilst providing a professional and friendly service.”

Peter EvansDirector, Evco Eng Pty Ltd

“In working with the team at Cross, Sinclair & Novotny I have always appreciated their professionalism and practical approach to meeting my tax and business obligations. I am a very satisfied client and am happy to recommend their services to anyone.”

Don SmithDirector, Whitehall Securities Pty Ltd

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