Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Software Development and IT Companies
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 the IT sector in Australia
Are you an IT professional in Australia looking to streamline your bookkeeping and accounting processes? In today’s technology-driven world, the IT sector is experiencing unprecedented growth. With so much happening in this fast-paced industry, it can be challenging for businesses to keep up with their financial records. That’s where outsourcing bookkeeping and accounting services come into play.
In this article, we’ll explore the current state of bookkeeping and accounting in the IT sector in Australia, discuss the benefits of outsourcing these services, understand different types of IT accounting and bookkeeping, and provide tips on how to choose the right service provider for your business needs.
How to do bookkeeping and accounting for a pharmacy business in Australia
IT bookkeeping and accounting concentrate on the financial aspects of technology-based companies, taking into account the unique nature of their income sources, expenses, and assets.
Bookkeepers in the IT sector record all sources of income, including software sales, consulting fees, maintenance contracts, and subscription services.
IT bookkeepers carefully track expenses related to software licensing, hardware purchases, employee training, research and development, and other technology-specific costs.
IT businesses often have diverse employee roles, including developers, engineers, designers, and support staff. Bookkeepers manage payroll accurately, considering varying compensation structures and benefits.
IT accountants stay up-to-date with changing tax regulations specific to the technology industry, ensuring businesses meet their tax obligations while optimizing deductions and credits.
IT accountants use financial data to create reports and analyses, helping business owners and managers understand their financial performance and make strategic decisions.
By analyzing past financial data and industry trends, IT accountants assist in creating budgets and forecasting future financial performance.
IT bookkeeping and accounting rely on specialized accounting software and tools tailored to the technology industry, enabling efficient data management and reporting.
Accountants play a role in identifying cost-saving opportunities, helping IT companies optimize their spending and improve profitability.
IT accounting ensures adherence to financial regulations and assists with audits, ensuring transparency and accurate reporting.
IT accounting is crucial for technology startups seeking funding from investors, as it provides reliable financial information for due diligence.
During mergers or acquisitions, IT accounting helps assess the financial health and value of the companies involved.
IT accountants evaluate financial risks, assisting in the development of risk mitigation strategies to safeguard the company’s financial stability.
IT accounting may involve dealing with cross-border transactions, foreign exchange considerations, and compliance with international accounting standards.
IT accountants must uphold ethical standards, especially when dealing with sensitive financial data and client information.
How to get started for bookkeeping and accounting in the IT sector?
The steps to get started in IT bookkeeping and accounting are:
- Learn the Basics: Familiarize yourself with bookkeeping and accounting principles, including financial statements, transaction recording, and account reconciliation.
- Obtain Certifications: Consider getting relevant certifications or qualifications in bookkeeping or accounting to enhance your credibility.
- Network in the IT Industry: Attend conferences or seminars to meet potential clients and colleagues, and build relationships for generating leads and referrals.
- Join Professional Organizations: Become a member of IT or accounting associations to access valuable resources and networking opportunities.
- Establish Clear Pricing: Determine pricing structures based on market rates and client expectations, whether it's hourly rates or fixed-rate packages.
- Invest in Software Tools: Use specialized bookkeeping and accounting software to streamline processes like invoicing, expense tracking, and payroll management.
- Emphasize Perseverance: Understand that success in a new field requires dedication and continuous effort.
By understanding these different types of IT bookkeeping and accounting methods available, you can find the best fit for your business needs.
How does Meru accounting help the IT sector with Bookkeeping and Accounting?
- Bookkeeping for Tech Companies: In any sector to survive, profitability is the key. A firm can have great products or services, but if it cannot make a profit, it won’t last in the competition in the long run. Profitability also helps in maintaining and managing the required financial support. We, at Meru Accounting, provide an agile and accurate report of monthly profit for different service departments of the firm. Hence, the firm can function efficiently.
- The categorization of sales and services: A well-established IT firm can have different departments with many arrays of client bases. We understand the vastness of it and have expertise in the analysis of department-wise performance. Our expert executives take care of different departments after understanding the requirements of a firm.
- Depreciation calculation: IT infrastructures are prone to depreciation in the era of advancing technology, thus to get the exact value of your investments, we provide a detailed report of the valuation of systems and software.
- Financial viability of projects: Maintaining the financial viability of a firm is essential. A software firm’s success depends on the viability of the projects that are carried out. We at Meru Accounting provide our clients with a proper financial analysis of projects, which includes predicting future cash flows and valuation will show the project’s success. The better the analysis, the better it becomes to make important decisions related to the business.
- Receivables Management: The source of income for any firm is the payment it receives from its clients through various modes. We have expertise in different payment methods. Thus, we help our clients by ensuring the timely receipt of payments along with accurate reconciliation when they use payment gateways like PayPal, Eway, Stripe, TransFirst, Square, N Pay, etc.
- Strategic planning: We also plan our clients’ accounting strategy, from taking care of their books of accounts to managing the payments and receipts. We also make timely analyses to make sure that cash flow requirements are met with no hindrance, and that our clients can grow with no worries.
- Corporate and sales tax: Like all industries have to make provisions for taxes, the IT industry is not an exception! We at Meru Accounting perform this on behalf of our clients, so we can eliminate the last moment panic.
- Financial anticipation: We understand that the main reason that a firm opts for accounting services is that it can know how the business has performed during a year from its books of accounts and profit analysis.
We provide Bookkeeping for Tech Companies with accurate financial analysis to our clients so they can have good future anticipation for their business. Also, help them so they can make important financial decisions based on it.
Conclusion
Meru Accounting, as a technology-based accounting firm, understands the importance of efficient bookkeeping and accounting services in today’s rapidly evolving IT sector. We offer specialized financial management services tailored to the needs of businesses operating in the technology industry. By leveraging our expertise in bookkeeping and accounting, businesses in the IT sector can manage their finances effectively. We can handle various financial tasks, such as general ledger management, accounts payable/receivable management, tax preparation support, financial reporting analysis, and more.
Our team of expert professionals ensures accurate and timely financial data, providing businesses with valuable insights for strategic decision-making. To streamline the accounting processes, Meru Accounting uses user-friendly software solutions like QuickBooks, Xero, Wave Accounting, or FreshBooks. These tools not only simplify day-to-day operations but also provide crucial financial metrics that assist businesses in making informed decisions.
Overall, Meru Accounting recognizes that efficient bookkeeping and accounting systems are vital for the success of businesses in the technology sector. By partnering with us, companies can benefit from cost savings, increased accuracy, and access to expert professionals, allowing them to focus on their core competencies and achieve their business objectives in the competitive world of technology.
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
