Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Marketing and advertising agencies
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 Advertising Agencies in Australia
Accounting for Advertising – Advertising agencies give outsider administrations to organizations, creating commercials and putting them in local and national media outlets. What bookkeeping highlights or charging highlights does any advertising office need to legitimately deal with their agency? The world of advertising in Australia is dynamic, where creativity meets strategy to captivate audiences and drive business growth.
In this fast-paced industry, every campaign is a masterpiece, carefully designed to leave its mark on consumers’ hearts and minds. But behind the scenes, there’s another aspect that plays an important role in managing advertisements efficiently – Accounting and Bookkeeping. Numbers play an important role in an industry filled with imagination and creativity. Let’s explore everything about Advertising Agencies in Australia and accounting and bookkeeping for it.
Requirements of Accounting for the Advertising & Marketing Industry
Here are some typical requirements of accounting for the Advertising & Marketing Industry:
-
Payroll
Advertising agencies should be able to produce the easiest, most affordable, and best payroll that would include the salary of all employees. Accounting also helps advertising agencies with bonuses and specific compensation plans for their employees, some of which are complicated -
Payables Management
Payables Management shows advertising agencies how to set up and run the payables function, including many tips for operational improvements like the money that the client owes to the agency. -
Liabilities Management
Managing both general and media liabilities by allowing a balanced growth of managing money accepted from clients and funds secured from other institutions is what makes up liability management. It also includes surrounding changes in the rate of interest and managing the difference between the maturity age of assets and liabilities. -
Trial balance preparation
We can characterize a trial balance as a casual bookkeeping calendar that rundowns the record account adjustment at a point in time in contrast to the aggregate of charge adjustment and an aggregate of the credit balance. So, to put it, in the wake of presenting every budgetary exchange in the bookkeeping diaries or accounting journal, and condensing them in the general record, we set a trial to adjust to confirm that the charges meet the credits on the diagram of records. -
Preparing Financial Statements
Advertising offices must deliver asset reports, income explanations, wage appointments, and proprietors’ value proclamations. Monetary proclamations do not just enable a publicizing organization to track its particular budgetary execution. Yet, they additionally guarantee consistency with government directions and expense codes. -
Revenue and Assets
Advertising agencies draw their income from an assortment of sources, which they must represent in yearly budgetary explanations. Therefore, it ought to incorporate publicizing office income articulation from all the promotion crusades and media deals to customers.
Common Bookkeeping Methods and Accounting Systems Used by Advertising Agencies
Several common methods and accounting systems are widely used in the industry.
-
Double-Entry Bookkeeping
Double-entry bookkeeping is a fundamental accounting method used by advertising agencies. It involves recording every financial transaction with corresponding entries in two accounts – one as a debit and the other as a credit. -
Cloud-Based Accounting Software
Many advertising agencies in Australia are adopting cloud-based accounting software to manage their financial records. Cloud solutions offer real-time access to financial data from anywhere, enabling collaborative work among team members and accountants. Popular accounting software like Xero, MYOB, and QuickBooks are widely used in the industry. -
Expense Tracking Tools
Advertising agencies often incur various expenses related to campaigns, events, and client meetings. Expense tracking tools, integrated with accounting software, help monitor and categorize these expenses, simplifying reporting and ensuring cost control. -
Invoicing and Payment Systems
Efficient invoicing and payment systems are crucial for timely revenue collection. Automation of invoicing processes ensures that clients receive accurate invoices reducing payment delays.
-
Project Management Software
Some advertising agencies use project management software with built-in accounting features to monitor project expenses, track budgets, and link financial data with project milestones. -
Bank Reconciliation Tools
Reconciling bank statements with accounting records is essential for identifying discrepancies and ensuring financial accuracy. Bank reconciliation tools simplify this process and help maintain accurate financial data. -
Financial Reporting Dashboards
Customized financial reporting dashboards provide a visual representation of key financial metrics. These dashboards allow agency owners and managers to quickly assess the agency's financial performance and make data-driven decisions.
Selecting Suitable Accounting Software for Advertising Businesses
Here are key factors to consider when selecting accounting software:
The accounting software should offer features specifically tailored to the needs of advertising agencies. This may include project-based accounting, time tracking, expense management, and integration with other tools commonly used in the industry.
As advertising agencies grow, their financial needs evolve. It is essential to choose software that can scale with the agency’s growth and accommodate increased transaction volumes and data storage.
The software should be intuitive and easy to use for agency staff and accountants. A user-friendly interface reduces the learning curve and ensures that team members can quickly adapt to the new system.
The accounting software should seamlessly integrate with other tools and systems used by the agency, such as project management software, payroll systems, and payment gateways. This integration streamlines data transfer and reduces manual data entry.
A cloud-based accounting software uses the internet connection for providing real-time access to financial data. Hence, you can access the data from anywhere and anytime. This accessibility is particularly beneficial for agencies with remote teams or multiple office locations.
Robust data security measures, including encryption and regular backups, are essential to safeguard sensitive financial information.
Reliable customer support is critical in case of technical issues or questions related to the software. Choose a vendor that provides responsive and helpful customer service.
How does Meru Accounting help Advertising Agencies with Bookkeeping and Accounting in Australia?
Meru Accounting is a specialized firm having vast experience in providing accounting and bookkeeping services. Like any other agency or company, even advertising agencies require accounting for their smooth functioning in the industry. Thus, accounting methods for advertising typically center on reporting methodologies for cash and accrual advertising.
Therefore, marketing and advertising companies have unique requirements regarding accounting, financial, and taxes. These can include categorizing and recording methods, tracking pre-paid expenses/reimbursements, revenue requirements, independent contractors’ classifications, employee classifications, and efficient business operations.
Meru Accounting understands the unique challenges that the advertising industry in Australia faces when it comes to accounting and bookkeeping. With constantly changing regulations, tight deadlines, and complex financial transactions, businesses in this sector need specialized expertise to navigate their financial processes effectively. We offer tailored accounting and bookkeeping services specifically designed for the advertising industry.
Our team of experienced professionals has a deep understanding of the specific needs and requirements of advertising agencies, media companies, and marketing firms. We can assist with all aspects of your financial operations, from managing cash flow and budgeting to invoicing clients and reconciling accounts. We stay up-to-date with the latest industry trends and regulations to ensure that your business remains compliant at all times.
Conclusion
Effective accounting and bookkeeping are essential for the smooth operation of any industry, including the advertising sector in Australia. With a dynamic and ever-evolving landscape, it is crucial for advertising agencies to have accurate financial records that reflect their business activities. Meru Accounting understands the unique challenges faced by the advertising industry and provides specialized accounting and bookkeeping services tailored to meet its specific needs.
With our expertise in cloud-based accounting software such as Xero or QuickBooks, we streamline financial processes, making them more efficient and transparent. This enables advertising agencies to access real-time data anytime, anywhere, empowering them to make informed decisions regarding budgeting, forecasting, and resource allocation. Outsourcing accounting functions to professionals like Meru Accounting not only saves time but also reduces costs associated with hiring an in-house team.
Effective accounting and bookkeeping practices are vital for success in the fast-paced world of Australian advertising. By partnering with a trusted provider like Meru Accounting specializing in serving this industry’s unique needs, agencies can gain peace of mind knowing that their finances are handled efficiently and accurately.
Accounting for Advertising Agencies
Here are some typical requirements in accounting for Advertising & Marketing industry:
Payroll
Advertising agencies should be able to produce the easiest, affordable and the best payroll that would include the salary of all employees. Accounting also helps advertising agencies with bonuses and specific compensation plans for their employees, some of which are complicated.
Payables Management
Payables Management shows advertising agencies how to set up and run the payables function, including many tips for operational improvements like the money that the client owes to the agency.
Liabilities Management
Managing both general and media liabilities by allowing a balanced growth of managing money accepted from clients and funds secured from other institutions is what makes up liability management. It also involves hedging against the changes in interest rates and controlling the gap between the maturities of assets and liabilities.
Trial balance preparation
We can characterize a trial balance as a casual bookkeeping calendar that rundowns the record account adjust at a point in time contrast to the aggregate of charge adjust and an aggregate of the credit balance. So, to put it plainly, in the wake of presenting every budgetary exchange in the bookkeeping diaries or accounting journal, and condensing them in the general record, we set a trial to adjust so as to confirm that the charges meet the credits on the diagram of records.
Preparing Financial Statements
Advertising offices must deliver asset reports, income explanations, wage appointments and proprietors’ value proclamations. Monetary proclamations do not just enable a publicizing organization to track its own particular budgetary execution. Yet, they additionally guarantee consistency with government directions and expense codes.
Revenue and Assets
Advertising agencies draw their income from an assortment of sources, which they must represent in yearly budgetary explanations. Therefore, it ought to incorporate publicizing office income articulation from all the promotion crusades and media deals to customers.
Brief Description
Like any other agency or company, even the advertising agencies require accounting for their smooth functioning in the industry. Thus, accounting methods for advertising typically centre on reporting methodologies for cash and accrual advertising. Therefore, marketing and advertising companies have unique requirements regarding accounting, financial and taxes. These can include categorizing and recording methods, tracking pre-paid expenses/reimbursements, revenue requirements, independent contractors’ classifications, employee classifications, and efficient business operations.
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
