Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Property sector and Real estate business
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 Real Estate in Australia
In the world of real estate in Australia, there are a lot of opportunities that involve many investments. If you’re a property owner, investor, or even a realtor looking to navigate the complex financial landscape of this dynamic industry, then bookkeeping and accounting, especially with the expertise of a real estate accountant, should be on your radar. Looking for accountants specializing in property business in Australia is not easy. In this article, we’ll dive into the importance of bookkeeping and accounting for real estate in Australia. From understanding its benefits to exploring the different types available, we’ll equip you with all the knowledge you need to make informed decisions about managing your finances with the guidance of a real estate accountant. So let’s get started on this exciting journey towards financial success in Australian real estate!
Accounting for Real Estate Industry
The real estate industry envelopes many aspects of a property, including advancement, evaluation, advertising, offering, renting, and administration of business, mechanical, private, and rural properties. This industry can change contingent upon national and nearby economies, even though it remains reliable as individuals dependably require homes and organizations require office space.
Whether you run a real estate agency or manage properties for clients, property management bookkeeping and bookkeeping for real estate can be complex. Accounting helps greatly in such situations since working in real estate means regularly dealing with large sums of money. One house or office piece often stays in similar hands for a considerable time or even decades, so sometimes it becomes challenging to make sense of the estate’s worth today.
That is the reason most real estate evaluations depend on gauges. Only when the transaction happens, the genuine value is obscure. Therefore, accurate asset evaluation and generating financial and income statements are essential for accounting purposes. Taxes and other charges are often based on weight.
1
Preparing Financial Records And Evaluating Assets
For any real estate industry, it is essential to know how to analyze a firm’s financial statements effectively. Various accounting methods are used to prepare financial reports to value assets. Evaluating the investments is essential as the company’s financial statements need to be reliable. This is where real estate bookkeeping services can play a crucial role in ensuring the accuracy and reliability of financial records.
2
Calculating Development Costs, Operational Costs, and Profits
With a real estate agency, some variables (including repair/advancement costs and strategies for figuring influence–operational costs) become possibly the most crucial factor while representing benefits. Proper accounting and financial analysis, often provided by real estate bookkeeping services, are instrumental in calculating these costs and assessing profits accurately.
3
Creating Revenue and Expenditure Cycle Reports, Lease Abstracts, Cash Basis Income Statements, and Other Budget-Related Items
4
Payroll Control
Accounting for a real estate agent comes with payroll control, which includes checking the payment of the same salary component twice, and other components related to the salary. Effective accounting for real estate developers also encompasses payroll management and control, ensuring that salaries are processed accurately and efficiently.
The Different Types of Real Estate Businesses
The real estate industry encompasses various types of businesses:
- Residential real estate: Residential real estate involves single-family homes, condominiums, and townhouses. Managing the financial aspects of these residential properties, including tracking income and expenses, can be made more efficient with the use of specialized tools such as QuickBooks for real estate brokers.
- Commercial real estate: Commercial real estate focuses on leasing or selling office spaces, retail stores, warehouses, and other commercial buildings. When it comes to the financial management of commercial properties, including rent collection and expense tracking, utilizing software like QuickBooks for real estate brokers can streamline operations and ensure accurate record-keeping.
- Specialized niches: Specialized niches: Property management is another area where companies manage rental properties on behalf of landlords. These companies handle everything from tenant screening to maintenance requests. Efficient financial management is essential in property management, and using specialized tools like QuickBooks for real estate agents can simplify bookkeeping processes and ensure that financial records are well-organized.
Regardless of the type of real estate business you run in Australia, maintaining accurate financial records is crucial for tax purposes, budgeting decisions, and overall growth strategy. Bookkeeping helps track expenses and income streams, ensuring your finances remain organized so you can focus on growing your business instead of worrying about accounting issues.
The Benefits of Bookkeeping and accounting in real estate business in Australia
Bookkeeping is essential for running a real estate business in Australia. It involves maintaining accurate financial records, including income and expenses, to ensure your business remains profitable and compliant with tax regulations.
One of the benefits of bookkeeping is the ability to track cash flow. By regularly monitoring income and expenses, you can identify potential issues early on and take steps to address them before they become significant problems.
Bookkeeping also helps you stay organized. Keeping detailed records makes it easier to manage your finances efficiently and reduces the risk of errors or omissions when reporting taxes or other financial matters.
Accurate record-keeping can save time and money in the long run. Having all relevant financial information readily available allows you to respond quickly to audit requests from government agencies or lenders without wasting valuable time trying to gather documents retroactively. Investing in reliable bookkeeping services, such as those offered by quickbooks for real estate investors and landlords, ensures that your real estate business operates smoothly while minimizing legal risks associated with non-compliance with tax laws.
In the real estate industry in Australia, different types of bookkeeping and accounting are essential such as :
- Records income and expenses
- Provides a clear picture of current cash flow.
- May not accurately reflect long-term financial health.
- Recognizes revenue and expenses
- Gives a more accurate view of the overall financial position, including outstanding invoices or bills.
- It has elements of cash and accrual accounting together.
- Offer flexibility while still providing an accurate assessment of financial status.
- Utilizes technology to streamline bookkeeping processes.
- Automates tasks like data entry, bank reconciliation, and report generation.
- Keeping detailed records of all real estate transactions is essential.
- Helps in successful financial management.
- Enables better decision-making and compliance with regulations.
- Size of the real estate operation.
- Regulatory requirements in Australia.
- Personal preferences and business needs.
- Seeking advice from experienced accountants can help determine the best approach for bookkeeping and accounting.
- Accountants can provide valuable insights tailored to the specific real estate business.
To get started with bookkeeping and accounting for your real estate ventures, here are a few key steps:
Meru Accounting: Your Trusted Partner for Real Estate Bookkeeping and Accounting Solutions
Real estate is a thriving industry in Australia, offering numerous growth opportunities and potential for success. However, managing finances can be overwhelming for busy business owners focused on day-to-day operations. That’s where bookkeeping, specifically tailored to bookkeeping for real estate agents, comes in, as it is an essential practice that helps real estate businesses maintain accurate and up-to-date financial records. There are different types of real estate businesses. Real estate agents are a part of this industry. Bookkeeping for real estate agents is specially dedicated to agents dealing within the industry.
Managing bookkeeping and accounting tasks can be overwhelming for real estate business owners in Australia, diverting valuable time and resources from core operations. Meru Accounting, staffed with accountants specializing in property, offers tailored solutions based on our experience in real estate bookkeeping and accounting to meet the unique needs of your business.
Accurate financial records are vital in the real estate industry, and our team of experienced professionals understands the complexities involved. As part of our bookkeeping services, we can record transactions, reconcile accounts, and generate financial reports. Our streamlined process utilizes industry-leading software and tools, ensuring efficiency and accuracy. With Meru Accounting, we can help you evaluate assets, prepare financial statements, and calculate development and operational costs. To gain valuable insights into your business’s financial performance, we provide comprehensive reports such as revenue and expenditure cycle reports, lease abstracts, and cash-basis income statements.
Choose Meru Accounting as your trusted partner in real estate bookkeeping and accounting. Experience the benefits of having accurate financial records, streamlined processes, and expert guidance. Let us help you navigate the financial aspects of your real estate business, allowing you to focus on achieving long-term success and growth. Our team also includes investment property tax accountants who are well-equipped to assist you in managing your finances effectively.
Conclusion
Bookkeeping is crucial for running a successful real estate business in Australia. It helps you maintain accurate records of your financial transactions and enables you to make informed decisions based on reliable data. By outsourcing your bookkeeping needs to experts specializing in real estate businesses, such as real estate accounting firms, you can save time and money while ensuring compliance with tax laws and regulations. Offshore bookkeeping services offer even more cost savings without compromising quality or security.
Meru Accounting plays a vital role in ensuring the success of real estate businesses in Australia. By outsourcing bookkeeping needs to our specialized experts, accurate financial records are maintained, empowering informed decision-making and saving valuable time and resources. We have a team of accountants specializing in property business. Moreover, Meru Accounting’s expertise ensures compliance with tax laws and regulations, reducing the risk of penalties. The cost-effective nature of their services, including QuickBooks for real estate allows for significant savings without compromising on quality or security. With up-to-date records provided by Meru Accounting, potential issues can be identified and resolved early, preventing them from evolving into major problems. Remember that keeping up-to-date records helps identify potential issues before they become significant problems. With accurate financial statements, your business will be better equipped to handle any challenges and set itself up for long-term success.
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
