Small Business Bookkeeping Tasks
& Terms Explained

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Receipt Bank

This program that stores all your receipts electronically and publishes them to MYOB and Xero, decreasing data entry hours.
You and your team upload receipts, invoices and other documents to receipt bank by phone or email. Your accountant and Everest can access all required information and publish receipts and bills to your accounting program.  No more storing paperwork or losing receipts.

Catch up work when you are a little behind

we know that creating income is the most important aspect of your business.  We also know you are good at what you do. That’s why you are in business.  When you are working so hard in your business is hard to find time to complete all the compliance requirements.  Sometimes you fall behind.  We can catch you up for the last few years… lodge all late requirements, apply for extensions, payment plans and interest remittance on your behalf.  Enjoy your sleep at night again.

Annual income statements finalised
with STP (Group certs)

Will complete all the requirements for payroll year end. We will reconcile the payroll, ensure payroll categories are reported correctly. The end of year STP finalisation report is lodged with ATO ensuring all of your employees will receive their payroll summaries in order to complete their tax returns on time.

BAS Preparation

quarterly preparation and electronic lodgement of your business activity statement with an extra month to pay. This includes all the GST collected and pad and your PAYG income tax for employees.  This could also include a fuel tax credit for your business.

The annual taxable payment annual report (TPAR)

TPAR is a building and construction industry requirement. In order to complete the TPAR submission, we select all required contractors, audit their ABN’s and adjust if required than lodge taxable payment annual to the ATO. Fines for not lodging are $1050.00 per year.

Annual preparation for TAX returns

year end reconciliation of required accounts inc. Banks, credit cards, ATO ic account, GST paid/collected, PAYG, super and reports and all source documents required by an accountant to complete your income tax assessment. We make it easier for your accountant or our recommended accountant.  Saving you time and money.

Weekly payroll with payslips emailed
using ATO STP requirements

Single touch payroll (STP) is an ATO compliance regulation that requires employers to send employee payroll information including salary, wages, PAYG withholding and superannuation to the ATO at the same time as their standard pay run. We ensure that employees receive payslips and that payslips have all the required information.

Monitor all annual leave, long service leave and personal leave for you.

We can help with awards and understanding overtime and allowances. Keeping you safe from fair work cases.

Time and attendance software is available with
Xero and MYOB.

It is a time-management tool that lets employees look at their rosters, clock on and off, and lodge their timesheets for approval on their smartphone. No more paper timesheets!
Quarterly superannuation lodgements for employees – we will set up a superannuation clearing house with the ATO, enter all of your employee’s details and funds and complete quarterly super guarantee lodgements.

Annual work cover reconciliation

We also lodge for previous years with deductions required for directors and allowances. Future year prediction calculated and required payment plan initiated.

Q leave annual lodgement

We calculate Q leave days you’re your employees/subcontractors. We register new subcontractors/employees and lodge details of employment periods throughout the year.  Employees and subcontractors can use their portable q leave in the future years without costing your business.

Training for your business

Training for invoicing your clients instantly on your smart phone – we can train you and your team members to use Xero or MYOB on your smart phone to create professional invoices with all your payment details that get sent straight to their emails.
Training for receiving payments from your customers by credit card or BPay- cash flow is so important to businesses.  We train you and your team to receive payments instantly from your clients.

Monthly bank entries and reconciliation

We process all of your bank transactions using bank feeds and sourcing documents and receipts from your receipt bank account.  This means critical information will always be at your fingertips.
Quarterly profit and loss – with exceptional clarity in our reports and dashboards you will feel confident in the information that your crucial decisions are based upon.

Annual QBCC financial report

Every year you will need to report your annual financial information in order to keep your QBCC license.  We can lodge this for you.  We produce reports in order to declare your turnover, expenses, assets and liabilities. We will need to show that you have not gone over your maximum revenue by more than 10% in your current category and that you keep your ratio of current assets to current liabilities to at least 1:1.

Xero/MYOB company file subscription

Everest helps you choose the correct software for your business with implementation and proven systems the key to success. We also can provide you with discounted subscriptions.

The Business Brands We Work With

We have been clients of Everest Business Solutions for the past four years and couldn’t recommend them highly enough. The Everest Team have kept our Cabinet-Making business compliant and up to date in taxes, superannuation, MYOB, JobKeeper, changes to legislation and all that goes with it. They are the first people we call for advice and they always get the job done. Their professionalism and care is incredible, nothing is too much trouble and I love that we always manage a good laugh. I am incredibly grateful to Everest and look forward to working together for many more years – I honestly don’t know how I’d manage my business without them.

Nicole Griffin - Glennic Interiors

For 18 years Everest Business Solutions has been our solution. Whilst we get on with the growth of our business. It is truly a gift to know that our Bookkeeping, Payroll, Superannuation, BAS, IAS, Workers Compensation, Credit Cards & Bank Accounts x 6! are all being kept up-to-date, reconciled and compliant. During the 2020 Covid-19 Pandemic. I can only thank the powers of the universe and our good luck that we had Everest Business Solutions to guide us through the maze of Job Keeper, Job Seeker and other government offers that became available to us. Jennifer and the Everest Team are much more than quality bookkeepers. They have a ‘Care Factor’ for their clients, and that is priceless this day and age to any business big or small.

Judith Allen - Proprietor JJD Enterprises
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