Accounting

Accounting is the process of collating financial information about a business enterprise, presenting such information and the economic affairs of the enterprise in a format to stakeholders and users, so as to facilitate the making of useful decisions in the allocation of scarce resources.

The accounting function comprises a sub-set of professional services, which can be broken down into the following compartments:

Bookkeeping:

–          Maintenance of nominal ledgers to trial balance;
–          Maintenance of purchase ledger;
–          Maintenance of sales ledger;
–          Maintenance of cash books;
–          Maintenance of fixed asset register;
–          Monthly payroll and preparation of Employer’s Annual Returns;
–          Completion and submission of Business Activity (GST)  statements.

Preparation of management information

–          Monthly Cash Projections;
–          Monthly profit & loss statements and balance sheet;
–          Monthly report showing actual figures to date;
–          Quarterly Projected v Budget income and expense comparisons (if Budget figures are available).

Final Accounts and Year-End Reporting

–          Preparation of final trial balance and associated accounts information;
–          Liaising with Company’s or Superannuation Fund’s Auditors;
–          Preparation of the draft Financial Statements;
–          Preparation of the statutory reports accompanying the Financial Statements.

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Richard A Bobb can assist your organisation in respect of its accounting requirements, from basic bookkeeping to
the maintenance and presentation of a full set of accounts.