PremierOne’s bookkeeping services in Melbourne provides a complete array of bookkeeping and accounting services designed to assist small and medium businesses. Our primary goal is to help SMEs in ensuring reduction of their time spent on non-essential activities and empowering them to focus on the main business functions. Bookkeeping plan is designed to provide a comprehensive year-round solution to all your accounting needs. Proper accounting helps in establishing an effective management information system (MIS), and you manage your finances better. Adequate maintenance of books and accounts is a prerequisite to any business entity. PremierOne’s bookkeeping services in Melbourne help to ensure your financial data are accurate and complete. It truly reflects the financial performance and position of your business. If your bills and receipts are piling up in the shoe-box, you risk non-compliance with the ATO. As a result, there could be severe consequences in terms of sanctions and penalties.
The process of the bookkeeping involves data entries to reflect the transactions undertaken by the business. As part of the month-end process, adjustment journals are entered in the system, to ensure all transactions relating to a period or month are captured and reflected in the financial reports.