How 2account can work with you
Do you want to reduce the financial administration load on you or your team? Do you want to feel confident that your bookkeeping will be completed accurately and on time, every time?
At 2account, we understand that bookkeeping is a necessary but often time-consuming aspect of running a business. So why not let our dedicated Xero bookkeeping team manage it for you?
As a Xero accredited bookkeeper, we’re giving Accountants & Business owners access to expert bookkeeping and advice with a highly-qualified and certified team. We have over 15 years experience, and our background in high-regulatory sectors ensures that your business is financially safeguarded.
We take time to understand your business needs and provide you with meticulous bookkeeping services. Our customised bookkeeping services are specifically designed for established Australia-wide businesses with an annual turnover of up to $20m.
Why choose Xero?
Xero is a cloud bookkeeping software, simple, efficient and incredibly flexible and secure. A general Xero introduction is that it’s the most popular bookkeeping software in Australia, covering everything from bookkeeping basics to advanced financial reporting.
Xero is a powerful software, and in the hands of an expert it’s a powerful tool for your business. With a Xero bookkeeper by your side, you can save time and have peace of mind that your business is compliant and running smoothly.
Why choose a Xero Certified Bookkeeper
By having Xero accreditation, we’re providing you with superior cloud-based software, priority support and access to additional process automation.
And, as a Xero certified accountant and bookkeeping firm, we know how to use the Xero software to your advantage. We can help with Xero migration – for example from QuickBooks to Xero – and set up your Xero account so you can have access to a superior, modern form of accounting and complete bookkeeping solution.
Why 2account is the right Xero Bookkeeper for you
Detailed - We bring a detail-driven approach to our bookkeeping services, driven by our background in high-regulatory sectors.
Personalised - We provide insights through our detailed reports gathered from the software.
Efficient - with our robust bookkeeping systems in place, you’ll have visibility over your operating cash flow, a clearer understanding of your margins and profit — and more time to focus on operating your business.
Convenient - We offer remote, outsourced bookkeeping services. And with Xero available online, working from home has never been easier.
Xero Certified Bookkeeping Services including:
2account offers many Xero bookkeeping services:
- General Bookkeeping
- Bank Reconciliations
- Accounts Payable
- Accounts Receivable
- Business Activity Statement (BAS) Preparation
- Other Activity Statements
from our Clients
Manage Your Bookkeeping, Tax And Payroll
General Xero Bookkeeping
As your Xero Melbourne bookkeeper, we will enter and categorise your income and expenses into your accounting program regularly, so you have a clear overall picture of your business, profits and margins at the end of every month.
Bank Reconciliation in Xero
We will reconcile transactions with your business bank accounts and review your revenue and expense accounts at the end of each month to ensure accuracy and correct coding.
Accounts Payable in Xero Bookkeeping Software
To maintain good business relationships with suppliers, it is essential that all business debt is paid off within an agreed period. We will manage this for you, and:
- Set up processes to ensure efficient payments of creditor invoices
- Apply payment to invoices regularly to ensure an up-to-date picture of outstanding payments
- Ensure all unpaid supplier invoices are entered promptly (linking to purchase orders where needed)
- Prepare Accounts Payable Reports
- Negotiate better terms with suppliers, setting you up for continued success and increased cash flow
Managing Accounts Receivable in Xero
To maintain a good business cash flow, it is imperative that Accounts Receivable are reviewed and late payers are contacted regularly. We will manage this for you, and:
- Spell out your payment terms
- Create, code and issue customer invoices
- Apply incoming payments regularly
- Produce Weekly and Monthly Debtor Reports to show who still owes money
- Create a systematised process to follow up with outstanding customers. Xero invoicing, including a formal demand when agreed and appropriate
BAS in Xero: Business Activity Statement (BAS) Preparation
As your licensed BAS agent, we will ensure your Xero BAS lodgement is done on time, every time.
We will process and review bank reconciliations for all of your bank accounts and business activity. We will then complete the BAS for you and check its accuracy. Once we have received your approval, we will submit your BAS to the ATO and ensure timely payments to avoid any penalties.
As your BAS agent, we can also assist in:
- Reconciling your ATO balance to the balance owing in your accounting system
- General advice and attendances to ATO reports
- Arranging payment plans with the Tax Office if required
- Updating contact and business information with the ATO on your behalf
Other Activity Statements – as required by the ATO
We can assist you in determining that you are lodging all Business and Instalment Activity Statements required by the ATO in the correct time frames and intervals determined by your individual business setup.
(Note: This process is made simpler and more accurate by following the General Bookkeeping and Bank Reconciliation procedures we deliver above).
We can also assist with:
- Reconciling GST accounts
- Reconciling PAYG accounts
- Preparing activity statements
- Lodging activity statements
Xero Accounting and Payroll
Payroll is more than just the process of paying employees. It is ensuring all entitlements are recorded in a compliant manner, including tax, employee entitlements and legal compliance. We will manage the end-to-end payroll process, including (but not limited to) pay runs, payslips, timesheets and leave, payroll tax and reporting and year-end reporting – including the Xero annual report.
Frequently Asked Questions
What is Xero bookkeeping?
Xero is a cloud-based software that has all the bookkeeping features and tools a small business requires.
What is Xero software used for?
Xero is an online accounting software used for bookkeeping functions such as invoicing and payroll, Accounts Payable Automation, BAS preparation and more.
What can Xero do?
Xero has many features designed to run a small business. With Xero accounting software you can: send invoices, pay bills, claim expenses, track projects, capture data and much more.
How does Xero work?
Xero is a cloud-based software, which means that it works online, and can remotely be accessed from anywhere. It also integrates with more than 1000 applications that make your business run efficiently.