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Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Travel Planners and Tourism Industry

Quality Driven Approach

QuickBooks And Xero Certified Experts

50% Reduction
In Costs

Part Time / Full Time Resources For

Starting from AUD 700 for 40 hours months
Starting from AUD 2100 for 160 hours months

Hire Remote Team

Happy Clients
1 +
Completed Projects
1 +
Hours of Experience
1 k+
Software Used
1 +

Bookkeeping software expertise

Our excellent software capabilities allow you to get the advantage of the latest bookkeeping software available in the market. Some of the bookkeeping software that we use are QuickBooks, Net Suite, Quicken, CSA, Peachtree, MYOB, Sage, Creative Solutions’ Ultra-Tax and Intuit’s Pro Series. We specialize in all of these modern cloud accounting tools.

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.

Accounting and Bookkeeping for Travel and Tourism Industry in Australia

The Travel and Tourism Industry in Australia stands as a vibrant and dynamic sector, contributing significantly to the nation’s economy and cultural landscape. This industry is surrounded by attraction and dynamism. But, maintaining accurate and transparent financial records is very important in this industry. 

Effective accounting and bookkeeping practices ensure not only regulatory compliance but also contribute to strategic decision-making and sustainable growth. Let’s understand the core aspects of the Travel and Tourism Industry in Australia, the specific requirements of accounting and bookkeeping within this sector, and the specialized services provided by Meru Accounting to meet its unique demands.

Core Aspects of the Travel and Tourism Industry in Australia

The travel and tourism industry in Australia is a vital sector that contributes significantly to the country’s economy, cultural exchange, and global recognition. Known for its diverse landscapes, unique wildlife, rich indigenous heritage, and vibrant cities, Australia has become a desirable destination for both domestic and international travelers. Let’s have a look at some core aspects of the Travel and Tourism Industry in Australia:

Requirements of Accounting and Bookkeeping for the Travel and Tourism Industry in Australia

The travel and tourism industry in Australia is a significant contributor to the country’s economy, generating billions of dollars in revenue each year. Just like any other sector, accounting, and bookkeeping play a crucial role in ensuring the financial health and success of businesses within this industry. Let’s go through the unique requirements of accounting and bookkeeping in the travel and tourism sector which will give you a clear understanding of industry-specific intricacies, regulations, and best practices:

Accounting for revenue and costs in the travel and tourism industry can be complex due to the timing differences between when services are booked and when they are delivered. Airlines, hotels, tour operators, and other businesses in this sector often receive payments in advance for services that will be provided in the future. Properly recognizing this revenue and allocating associated costs in the appropriate accounting period is crucial. Australian Accounting Standards (AASBs) such as AASB 15 provide guidance on revenue recognition, which must be followed to ensure accurate financial reporting.

In Australia, the Goods and Services Tax (GST) is a value-added tax of 10% that applies to most goods and services, including those offered in the travel and tourism industry. Businesses in this sector need to accurately calculate, collect, and remit GST to the Australian Taxation Office (ATO). Maintaining thorough records of all GST transactions is essential for compliance and accurate reporting.

Tour operators and accommodation providers in the travel and tourism industry need to manage a variety of financial aspects, including reservations, cancellations, refunds, and no-shows. Proper tracking of customer payments, refunds, and adjustments is necessary to ensure accurate financial statements. Automation through accounting software can streamline these processes, reducing the risk of errors and improving efficiency.

The travel and tourism industry often deals with international customers and transactions, which introduces currency exchange rate fluctuations. Businesses in this sector need to properly account for these fluctuations when converting foreign currencies into Australian dollars. Accurate record-keeping of exchange rates and currency conversion processes is vital to avoid misstatements in financial reports.

The industry employs a diverse workforce, including part-time, full-time, seasonal, and casual employees. Managing payroll effectively involves adhering to Australian employment regulations, superannuation requirements, and tax withholding obligations. The use of accounting software can help automate payroll calculations and ensure compliance with labor laws.

Hotels and other businesses in the travel and tourism sector often have significant inventories of goods, such as linens, toiletries, and food supplies. Proper inventory tracking is essential to manage costs, prevent theft or losses, and accurately value assets. This becomes especially important during audits or when preparing financial statements.

Accounting and bookkeeping in the travel and tourism industry are not only about compliance but also about using financial data to make informed decisions. Generating regular financial reports and conducting in-depth analyses can provide insights into business performance, enabling management to identify trends, optimize pricing strategies, and allocate resources effectively.

Given the complexities of the industry, accounting software can be a valuable tool for businesses in the travel and tourism sector. Advanced accounting software can automate processes, integrate various financial functions, and enhance accuracy in tracking and reporting financial data.

Meru Accounting's Specialized Services for the Travel and Tourism Industry

Conclusion

The Australian Travel and Tourism Industry’s importance and complexities demand careful financial management. Effective accounting and bookkeeping practices not only ensure compliance but also offer insights critical for sustainable growth. Meru Accounting’s specialized services are tailored to meet the unique challenges of the sector, providing businesses with the tools they need to navigate the financial landscape and begin a journey toward excellence. If you are having a business in the travel and tourism industry of Australia, you must partner with Meru Accounting for professional accounting and bookkeeping services to ensure sustainable growth and success.

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    Level 8/350 Collins Street, Melbourne VIC 3000, Australia

    902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009, India

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