The importance of bookkeeping and clean data in a business goes without saying. A business owner cannot decide about future business operations if the bookkeeping is shoddy and the business incurs penalties for making basic errors.
And bookkeeping has been reformed significantly through cloud accounting. The intelligent use of data automation has eliminated the mundane handling of paper war that was previously the repetitive chore for an army of bookkeepers.
This use of AI for bookkeeping has allowed bookkeeping to become a higher value task and become focussed on more forward-looking tasks – and this is where Westcourt comes into play. At Westcourt, we have seen the change from tax advisory from a once-a-year affair to a weekly tax reporting cycle due to the advent of Single Touch Payroll and monthly BAS. And this engaged real-time tax role has given rise to using technology and systems to leverage a whole-of-advice position from bookkeeping to tax compliance and tax strategy.
Further, if Westcourt engages in a whole data strategy, the risk of errors is significantly reduced throughout the process. For some financial reporting clients, the bookkeeping is poorly done – and the cost of uncovering the mistakes and then commencing the work is significantly more than simply if we did it all ourselves. And engaging the Westcourt accounting and bookkeeping team creates an ongoing contact point with managers and partners. Hence, we understand your business operations more effectively, and your affairs become more top of mind to your Westcourt team.
The bookkeeping function can range from supporting your team members with quarterly reviews and preparing position statements to a more hands-on role. Westcourt can assist with processing payroll, issuing payslips, paying staff, recording creditors’ invoices, reconciling bank accounts, paying suppliers to monthly management reporting, fixed asset register maintenance, BAS preparation and board advisory roles. And we can scale our services up or down according to your business activity.
Importantly Westcourt provides you with a hub of 4 qualified accountants. Our service provided is uninterrupted – our team will continue to manage your affairs despite public holidays, annual leave and sick days. Our team of accountants will eliminate bookkeeping tasks, automate the process and keep your tax lodgements on track. It ultimately eliminates errors and delays and gives your business a platform of clean, error-free data that allows you to understand your business and what is happening to the cashflows within your business.
Suppose you engage Westcourt to manage your bookkeeping. In that case, you are getting a reliable team of qualified, smart people who will do what they say they will – free of errors, mistakes and excuses – so why not call us and see how we can help your bookkeeping and business management.