Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Elderly Care Services and Retirement
Quality Driven Approach
QuickBooks And Xero Certified Experts
50% Reduction
In Costs
Part Time / Full Time Resources For
- CPA Firms
- Bookkeeping Firms
- Business Owners & Startup Companies
Starting from AUD 700 for 40 hours months
Starting from AUD 2100 for 160 hours months
Hire Remote Team
Bookkeeping software expertise
saasu
intuit QuickBooks
netsuite
wave
Freshbooks
odoo
Xero Gold Partner
zoho books
simply accounting by sage
yendo
Our Services
We are a group of professionals who offer accounting and bookkeeping services to our clientele across the AU. We offer standard as well as tailored accounting and bookkeeping solutions based on the specific requirements of our clients, ensuring them the best results with our services.
Setting up Xero/Quickbooks
Fill out our checklist to complete the Setup of your Cloud Software in a day. We provide step by step guidance.
Day to Day Bookkeeping
We will ensure that your books are upto date on the daily/weekly basis so you can stay on top of the Financial position.
Year End Finalisation
We shall provide you complete Financials which can easily be used in preparation and completing Corporate Tax Return.
Payroll Setup and Processing
This covers filing your Payroll through Single Touch Payroll system, TFN Declaration, Superannuation Return filing, Installment Activity Statement filing & PAYG Calculations.
GST in Australia
We shall reconcile your GST input Credit account and Output liability account.
Monthly Management Reports
We provide customized reports based upon client requirement. (Sales Perfomance, KPI’s, Overheads reporting, etc)
Bookkeeping for CPA's
We provide end to end bookkeeping solutions for CPA’s and bookkeepers in the AU.
BAS Returns
We deal with BAS very closely for our clients to ensure that GST claim is correctly calculated and Submitted Timely.
Annual Company Tax Return
We shall do your Individual & company Tax filing through your ATO login.
Why are we the 1st choice of AU Businesses for Accounting & Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
US $10 Per Hour Bookkeeping service
Detailed & Regular Work Updates
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work. .
Cloud AddOns Expertise
Hubdoc
With Hubdoc, you can automatically import all your financial documents & export them into data you can use.
Gusto
Gusto offers fully integrated online payroll services that includes HR, benefits, and everything else you need for your business.
Spotlight Reporting
Attractive performance reports quickly and efficiently. Ideal for organizations that need deeper insight and analysis.
Receipt Bank
Receipt Bank converts those annoying bits of paper – receipts and invoices – into Xero data!
AutoEntry
AutoEntry captures, analyses and posts invoices, receipts and statements into your accounting solution.
Shopify
Connect Shopify and Xero to effectively manage your online sales, inventory and accounting requirements.
Bookkeeping and Accounting for Aged care business in Australia
The aged care sector is an integral part of the Australian healthcare system, providing essential services and support to the elderly population. As the demand for quality elder care continues to grow, it becomes increasingly important for aged care businesses to have their finances in order. That’s where bookkeeping and accounting come into play.
Let’s explore the significance of proper financial management in the aged care industry and discuss the various bookkeeping and accounting services available for these businesses. So, whether you own an existing aged care facility or are considering venturing into this rewarding field, keep reading to discover how outsourcing your financial tasks can streamline your operations and improve your bottom line!
Key aspects of bookkeeping and accounting in aged care business in Australia
Key aspects of bookkeeping and accounting in aged care businesses in Australia include:
- Aged Care-Specific Regulations: Aged care businesses in Australia must adhere to specific financial regulations and reporting requirements set by the Australian Government's Aged Care Quality and Safety Commission. Bookkeepers and accountants need to be well-versed in these regulations to ensure compliance.
- Resident Fee Management: A significant portion of an aged care business's revenue comes from resident fees. Proper management of invoicing, payments, and accounts receivable is essential to maintain cash flow and ensure accurate financial records.
- Funding Sources: Aged care businesses in Australia often receive funding from various sources, such as government subsidies and individual resident payments. Bookkeeping must accurately track these funding sources to ensure transparency and accountability.
- Staff Payroll and Award Compliance: Payroll management is crucial, considering aged care businesses typically employ a range of staff, including nurses, care workers, and administrative personnel. Compliance with relevant awards and regulations is essential to avoid legal issues.
- Budgeting and Financial Forecasting: Aged care facilities face unique financial challenges, such as fluctuating resident numbers and changing healthcare requirements. Effective budgeting and forecasting help the business plan for contingencies and long-term financial sustainability.
- Accurate Resident Records: Maintaining accurate and up-to-date resident records is vital for both billing and care purposes. Bookkeepers must work closely with care staff to ensure financial records align with the care provided.
- Fund Allocation for Capital Expenditure: Aged care facilities often need to invest in infrastructure and equipment. Proper allocation of funds for capital expenditure ensures the facility can provide the best care services possible.
- Taxation and GST: Proper tax compliance is essential for aged care businesses. Accountants must handle GST (Goods and Services Tax) appropriately and ensure all tax obligations are met.
- Financial Reporting for Transparency: Aged care businesses must produce regular financial reports to stakeholders, including governing bodies, investors, and residents' families. Transparent financial reporting helps build trust and confidence in the facility's management.
- Audit Preparedness: Aged care businesses may undergo audits to assess compliance and financial integrity. Maintaining accurate and organized financial records ensures a smoother audit process.
- Cost Management: Controlling costs is critical in maintaining the financial health of an aged care business. Bookkeepers and accountants should identify areas where cost efficiencies can be achieved without compromising care quality.
- Software and Technology: Utilizing modern accounting software and technology can streamline financial processes, improve accuracy, and provide real-time access to financial data for decision-making.
The benefits of bookkeeping and accounting for aged care businesses in Australia
Proper bookkeeping ensures all financial transactions, including income and expenses, are recorded accurately, providing a clear picture of the business’s financial health.
Detailed record-keeping allows aged care businesses to track cash flow, enabling informed decisions on budgeting and resource allocation.
Regular bookkeeping helps identify inconsistencies or delays in payment receipts, ensuring timely monitoring of revenue streams from various sources.
Bookkeepers assist with invoicing procedures, ensuring prompt payment collection and improving cash flow management.
Accurate record-keeping enables businesses to closely monitor expenses and identify areas where cost-saving measures can be implemented without compromising quality services.
Insightful financial data provided by bookkeeping contributes to long-term financial stability for the aged care facility.
Accurate records are essential for meeting regulatory requirements in the aged care industry, including tax obligations, government regulations, and auditing standards.
Proper bookkeeping helps avoid legal penalties and builds trust among stakeholders, such as investors and regulatory bodies.
Outsourcing bookkeeping and accounting functions to experienced accounting firms provides specialized expertise and access to valuable resources.
Transparent and well-maintained financial records build trust with residents’ families and stakeholders, showcasing the business’s commitment to financial responsibility.
Sound bookkeeping practices provide a solid foundation for business growth and expansion opportunities.
Access to accurate financial data empowers aged care businesses to make informed and strategic decisions to improve operations and services.
Meru Accounting specializes in elder care bookkeeping
Meru Accounting has a deep and qualitative understanding of the aged care business and its necessity. We help our clients manage cash flows and costs to make their business viable and also to know the financial position of their business. Aged care providers are subject to various regulations from government bodies like the Australian Aged Care Quality Agency (AACQA) or the Department of Health. Accurate record-keeping is essential when it comes to audits or inspections by these regulatory authorities.
- At Meru Accounting, we have a deep understanding of the aged care business and the business nuances of the aged care business.
- We assist in managing receivables ensuring that cash receipts are perfectly managed for business.
- We also advise on the best software that you can use for your aged care business.
- Also, we help you in integrating the operational software with your accounting system so you can have efficient reporting using both systems.
We help you track the costs by various cost centers helping you know profits by:
- Profits by Individuals built from businesses
- Costs in Facilities across Different Locations
- Type of Packages Provided to Individuals
Since the aged care business is distinct, its accounting and bookkeeping are different. We understand the complexities it faces from recording the data to finishing the year-end final reports. So, we at Meru Accounting assist your aged care business with:
- Providing bookkeeping services on a day-to-day basis so that we do not miss a single transaction.
- Assisting you in converting your traditional accounting software to Xero, which increases accounting efficiency and helps you in better management of your books of accounts.
- Better payroll management with us.
- We help you with payables management and in tracking the due date for making payments and making payments on your behalf so that your terms with the creditors are always good.
- We track and record every invoice, receipt, record, and bank transaction and ensure that nothing is missed.
Conclusion
Meru Accounting is a trusted partner for aged care businesses in Australia, providing essential bookkeeping and accounting services crucial for efficient financial management. With a deep understanding of the complexities in the aged care industry, Meru Accounting offers tailored solutions to ensure compliance with regulations and industry standards. Our experienced team is proficient in handling software systems like MYOB and Xero, streamlining financial data management, and ensuring accuracy. Data security measures are of utmost importance to Meru Accounting, ensuring the confidentiality and privacy of their client’s financial information.
By outsourcing to Meru Accounting, aged care businesses can focus on delivering exceptional care to their residents while leaving the financial aspects in capable hands. From payroll management to financial reporting and analysis, Meru Accounting provides valuable insights into the business’s performance, enabling informed decision-making and planning for future growth. With Meru Accounting’s cost-effective services, aged care facilities can optimize resource allocation, ultimately enhancing their financial efficiency and commitment to superior care for elderly Australians.
Meru Accounting specializes in Elder Care Bookkeeping
- At Meru Accounting, we have a deep understanding of the aged care business and the business nuances of the aged care business.
- We assist in managing receivables ensuring that cash receipts are perfectly managed for business.
- We also advise on the best software that you can use for your aged care business.
- Also, we help you in integrating the operational software with your accounting system so you can have efficient reporting using both the systems.
We help you track the costs by various cost centres helping you know profits by
- Profits by Individuals build from businesses
- Costs in Facilities across Different Locations
- Type of Packages Provided to Individuals
Since age care business is a distinct business, its accounting and bookkeeping too are apparently different. We understand the complexities it faces from recording the data until finishing the year-end final reports. So, we at Meru Accounting assist your aged care business with:
- Providing bookkeeping services on a day-to-day basis so that we do not miss a single transaction.
- Assisting you in converting your traditional accounting software to Xero, which increases accounting efficiency and helps you in better management of your books of accounts.
- Better payroll management with us.
- We help you with payables management and in tracking the due date for making payments and make payments on your behalf so that your terms with the creditors are always good.
- We track and record every invoice, receipts, records and bank transactions and ensure that nothing is missed.
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
Help you with switching from your traditional software to Xero and Quickbooks.
We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
- 1. Cost-saving
- 2. Access to skilled and experienced professionals
- 3. Better management of books of accounts
- 4. Decreased chances of errors
- 5. Improve business efficiency
- 6. De-burdens in-office employee’s dependency
- 7. Better turnaround time
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Bookkeeping for CPA(s)
Certified public accountants or CPAs are known as backbones of a business firm. They help a business to survive and stand in the market. They are financial experts. Their stronghold at accounting, taxation, and finance makes them feel that they don’t require any bookkeeping service to keep a check on all the updates and paperwork.
CPA(s) are very knowledgeable. But spending their time in compilation and updation of paperwork is not a part of their job. They can efficiently invest this time in looking up for new clients and strengthening of already made tie-ups with multiple business firms. CPA(s) often live under the misunderstanding that they need not hire a professional and invest extra money on bookkeeping.
This is an actual myth these days. Having a personalized bookkeeping service improvises the accountant’s productivity. Your work gets more organized and stays updated. Outsourcing accountant experts are well updated with all the latest technologies that are needed to thrive in the industry.
As an accountant, you shall have peace of mind if you know that your accounting processes are in safe hands. Your data is being accessed using the latest technologies. This becomes a major strength when your motto is to work with the maximum no. of clients.
A good bookkeeping service will know about software like Freshbooks, SageOne, Wave, Xero, Quickbooks, etc. When your accounts are with an expert, who is not just mending for paperwork, you are good to go. All these benefits prove the need for bookkeeping for a CPA’s growth and easy work processing.
The acronym CPA stands for Certified Public Accountants. A CPA is a certification issued by the American Institute of Certified Public Accountant (AICPA). A person certified as CPA acts as a financial advisor with a high degree of knowledge and experience in the field of accountancy. This certification is mostly preferred by the CA, CS, MBA Cost accountant, financial advisors for professional recognition.
CFA stands for Certified Financial Analyst certified by CFA institute whereas CPA stands for Certified Public Accountant certified by AICPA. The purpose CFA is to analyses different financial option and provides investments options to the key financial planner and upper management of investment companies, whereas CPA is trained accountant professional who assists in various accounting service and taxation. We can say CFA act as financial analyst whereas the role of the CPA is of a facilitator of the accounting process.
If an individual, business, firm, or organization needs help for the preparation of tax, they should hire a CPA. If they need assistance for financial planning and investment, then should hire a CFA.
The three E(s) of CPA are Education, Examination and Experience. These 3 E(s) are necessary to get licenses for CPA. Only passing out examination doesn’t make you eligible for a CPA license, you need to meet sufficient requirements to get a license. Contact to this site for more details https://www.aicpa.org/becomeacpa/cpaexam.html
An individual, business, or any organization needs assistance in finance, accounting and business require a CPA. A qualified CPA provides professional expertise and advice to your business.
CONTACT US FOR ANY QUESTIONS
Our Office Address
AU Office
Level 8/350 Collins Street, Melbourne VIC 3000, Australia
902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009, India
