Australasian Dental Practice

Tuesday, 23 July, 2024

01 Jul 2005 | Australasian Dental Practice

news > Spectrum > Page 40

Your bookkeeping problems solved

A new online bookkeeping service has been launched to tackle some of the issues that small businesses like dental practices face in trying to comply.

"Our tax system provides little margin for error and businesses that keep irregular bookkeeping records or are not up-to-date with the latest compliance issues can incur costly penalties as a result," said Mr Tim Meares, Managing Director of doyourbooks.

"Businesses need to ensure that their records provide the right information for tax compliance - a subject which many find difficult to keep up with. Other bookkeeping problems commonly experienced by businesses include training staff, issues of confidentiality, ease of access to bookkeeping records, storage of documentation and the expense incurred employing a bookkeeper."

Doyourbooks is designed to solve all these issues by providing expert, accurate, confidential and timely bookkeeping services for a competitive fixed monthly fee.

"Our system is so simple that all a doyourbooks' client is required to do is scan the relevant documents such as invoices and payroll time sheets into an electronic scanner which will then upload information onto a computer that we maintain for the client remotely," Mr Meares said. "A trained doyourbooks bookkeeper will then set about processing the information which will be available to you or your accountant online at 24/7."

Users of the Doyourbooks system can generate such information as financial reports including profit and loss, balance sheet and cash flow reports; BAS and IAS reports; payroll and other relevant management reports.

"Whilst we may be an online service, users are welcome to contact their doyourbooks bookkeeper during normal office hours should they have a query."

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