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Accounting functions

By outsourcing your daily accounting functions, you can streamline operations and focus on the products, transactions and services that drive your business.

If you own a smaller company, you can benefit from the knowledge of a robust, professionally staffed accounting department. Mid-sized companies benefit from reduced costs derived from highly automated processes, objective reporting and enhanced financial control.

Working with our Outsourced CFO Services team brings you stability; you’ll be insulated from disruptions in workflow caused by personnel turnover and operational demands. We provide a cross-review of work, external bank reconciliation and professional oversight that helps deliver vital financial information to your management team on schedule – all as a system that can be scaled to your specific needs and as part of our commitment to excellence in client service.

RSM Bird Cameron can provide you with the following accounting functions:

• Bank account reconciliation
• Adjusting entries and accruals
• Month-end closings and trial balance
• Management accounts
• Departmental and regional reports
• Job and project tracking
• Year end financial statements in statutory format
• Corporation tax, compliance and planning services
• Accounts receivable
• Customer invoicing
• Sales and commission reports
• Receivables ageing reports
• Receipts posting
• Deposit reconciliation
• Optional collections activities
• Accounts payable
• Vendor invoice posting to terms
• Employee expense report posting
• Credit card statement reconciliation
• Payables ageing reports
• Payment preparation for vendors and employee expenses
• Optional electronic bill paying
• Goods and Services Tax
• Goods and Services Tax (GST) including BAS preparation

Payroll functions

For many companies, managing employees’ pay and keeping up with the burden of record-keeping and changes in payments and deductions, can be too time consuming and complicated to handle in-house.

For companies that are familiar with these issues, RSM Bird Cameron can provide a comprehensive payroll management service. We will manage all of your payroll requirements including:

• Weekly or monthly payroll runs and end of year payroll returns
• Calculation of tax, deductions and superannuation contributions
• Correct application of PAYG deductions for new employees, those with changing circumstances and leavers
• Managing additional payments and deductions for holiday, overtime and Higher Education Loan Program (HELP) deductions
• Electronic payments and other record keeping requirements
• Company set-up
• Asset management
• Assistance to companies wishing to establish a presence and operate in Australia
• Company set-up continued
• Registration of company and ensuring compliance with the local tax authorities
• Payroll assistance
• Setup of internal accounting processes
• Half and full year financial accounting
• Budgets and cash flows
• Bookkeeping services
• Company secretarial services

A company must maintain a registered office. We provide company secretarial support including use of our office as the registered address of the company. We also maintain the statutory registers of the company including:

• Annual company reviews
• Corporate Register maintenance
• Documentation for the appointment and resignation of officers
• Notification of accounts filing deadlines
• Lodgement of relevant documents with the Australian Securities and Investments Commission (ASIC).