After starting your own business, the first problem you’ll face as a business owner is the complexity of managing your accounts. Here at Premium Accounting Solution, we know that growing your own business and keeping your accounts in order at the same time is a lot to deal with, and that’s why we are here to help!
Our team of professional accountants is here to provide complete bookkeeping services for business owners throughout the country. We cover a wide range of services, from basic bookkeeping services to more complex packages. We know that every business is different and that one size does not fit all, which is why we offer personalised account bookkeeping services that are tailored to your unique needs and business requirements.
Our specialist bookkeepers can provide you a wide and varied range of accounting and bookkeeping services, listed below.
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Accounts Payable
We assist our clients in processing supplier invoices and ensuring that all invoices are coded correctly. This includes setting up scheduled batch payments for your convenience and approval, as well as sending remittances after the payment. Through this service, we ensure that all invoices are paid on time, and we can even make these payments on your behalf if desired. Doing so will help you gain good credit from your supplier.
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Accounts Receivable
We can assist you with not only preparing and sending sales invoices but also with sending collection reminders. Additionally, we can help set up and maintain your customer list. We can even prepare aged receivables regularly for your review to identify any possible uncollectible debts or losses in advance.
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Bank Reconciliation and Credit Card Processing
We will ensure that all bank details entered into your system are correct and checked against your account.
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GST Returns
We provide a wide range of tax compliance services including tax returns. We also ensure that all GST related sales and expenses have been calculated correctly, and arrange for your GST to be filed accurately and on time through either monthly, two-monthly, or six-monthly scheduling.
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Payroll Service
With our payroll service, we ensure that all your payroll taxes, administration, and any related information is recorded accurately and that your PAYE returns are filed on time as well. On top of this, we can also help set up comprehensive payroll accounting systems for your business to ensure compliance with employment and tax law.
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Onsite Bookkeeping or Remote Bookkeeping
Our accounting bookkeeping service can be completed onsite or done remotely at your convenience. This means we can go to your workplace to do your business bookkeeping work which ensures that all your financial information stays safely in one place.
It is essential to provide accurate documentation of all of your records that are required by law. If you’re audited and found to be missing documentation and don’t have proof of the things you’ve claimed, you could face big penalties or legal actions.
Another thing to note is that you need to keep records of financial transactions for a minimum of seven years before refreshing them. This is a legal requirement of the Inland Revenue Department.
Lastly, it is essential to have an efficient filing system to keep all your business records. If you don’t have an appropriate system in place, it can be very easy for important documents to be incorrectly filed or go missing.
For professional accounting advice and the best bookkeeping services in New Zealand, contact Premium Accounting Solution today! We can help you manage your financial reports and responsibilities effectively so you can focus on managing and growing your business.
Book an appointment with us, talk to us about your financial concerns and goals and let us help you manage your bookkeeping efficiently from day one.