Focus On Growing Your Business While
We Manage Your Accounts
We provide a full range of accounting services to businesses of all sizes. Our accounting services empower you to adopt a strategic approach to financial and business decisions. We provide you with accurate and timely financial information to make informed decisions based on numbers. We work relentlessly to keep your books updated and ensure you always have access to accurate financial data to grow your business. Our team handles all accounting functions so you can focus on your core business activities.
We smoothly manage your day-to-day accounting transactions, such as preparing invoices, making payments, generating reports, managing payroll, preparing and handling taxes, time tracking, etc. Our team prepares profit and loss statements, income statements, cash flow statements, BAS, and balance sheets to help you understand your numbers. We help you be in control of your cash flow and avoid unnecessary tax and GST liabilities. Moreover, our team ensures your accounts are always in compliance.
Our Accounting Services
- Bookkeeping:
Through our accounting services, we ensure your books are up to date to help you be in control of your financial position. Our bookkeeping services include maintaining up-to-date accounts receivable, accounts payable, profit and loss statements, and bank account reconciliation. It also includes stock and sales tracking, tax compliance, payroll, financial reports and analysis. - Month-End Reporting:We provide monthly reports that give you an accurate financial picture of your business. We provide customised reports as per our client’s needs. Our reports include sales performance, overhead reporting, KPIs, etc.
- Management and Board Reporting:
We provide you with valuable insights to help you make informed decisions. We work in close collaboration to help you plan, budget, and forecast. We prepare and present financial management reports to the board. Moreover, we ensure your financial reports meet statutory reporting obligations. - BAS Accounting:
Our expert accountant team prepares and lodges your Business Activity Statements (BAS) to help you comply with the ATO and save time. Our dedicated chartered accountants will review your bookkeeping to make sure your business transactions during the quarter have GST attributed to them. We manage BAS lodgement, BAS returns, GST audits on expenses and income, audit guarantees, ATO compliance, and the latest reporting requirements. - Financial Statements Preparation:
Our skilled accountants prepare income statements, cash flow statements, and balance sheets. We make sure your accounting journal and ledger are accurate and complete to allow you to understand your financial statements. Our team also creates bank reconciliation reports and fixed asset account management. This helps you make informed decisions about the direction of your business. - ASIC Compliance:
We ensure our clients are ASIC compliant. We manage all ASIC compliance responsibilities to free you to focus on your organisation’s core activities. We prepare and lodge all ASIC forms and maintain your company’s details with the Australian Securities and Investments Commission (ASIC). We help you meet all your lodgement obligations. - Payroll Services:
We assist you with all aspects of payroll and ensure your payrolls are delivered on time and without errors. Our payroll processing services include recording employee’s salaries, commissions, bonuses, taxes, etc. Our accountants handle your employee setup, IAS, TFN Declaration, etc. We also manage your PAYG calculations. We offer scalable payroll solutions to suit your business needs. - Cash Flow and Budgeting:
We provide you with accurate and informative cash flow reports to help you determine if your business is cash flow positive. We track and monitor your monthly income and expenditure to provide you with valuable insights to grow your business. Our cash flow analysis reports help you develop strategies to improve your business’s bottom line. Moreover, we create budgeting reports and measure your business’ performance to help you set financial targets. - Taxation Services:
We offer comprehensive taxation services for companies, trusts, or partnerships. Our tax professionals also provide advice and guidance on tax planning. Our team stays up-to-date with current laws and ensures you are always compliant. Our taxation services include income tax, capital gains tax, direct and indirect taxes, fringe benefits tax, goods and services tax, and state taxes.
Why Choose Us?
Outsourcing your accounting services to us allows you to streamline your financial processes to increase efficiency.
- Expertise
Our team is well-versed in financial laws, regulations, and best practices. We ensure your financial reports are accurate, timely, and compliant with laws. We manage all your accounting needs so you can focus on growing your business. - Comprehensive Services
At Excel Financial Solutions, we provide a complete range of accounting services, from bookkeeping to taxation to financial consultancy. We also offer customised reporting and financial analysis to help you gain valuable insights into your financial performance. Our specialised expertise and resources enable you to allocate more time and resources to your core business activities. - Scalability
Our services are highly scalable. So, we can easily scale our services as your business grows. We have the resources and expertise to handle increased workloads without compromising quality or efficiency.
- Advanced Technologies
At Excel Financial Solutions, we use the latest accounting software and technologies to provide our clients with best-in-class accounting services. We adopt a technology-driven approach for all functions, be it bookkeeping, taxation, payroll processing or financial analysis. Technology helps us ensure you always have access to accurate and real-time financial data to make informed decisions. - Compliance and Risk Mitigation Our team stays abreast with the latest finance laws and tax regulations. We ensure your financial statements are accurate and taxes are filed timely. We reduce the risk of errors, penalties, fines, and legal consequences of non-compliance. Our accounting services are also designed to help you mitigate the risk of fraud and financial mismanagement.
- Time Savings You can save your company’s resources and time by outsourcing accounting services to us. We manage all your accounting tasks to enable you to redirect your internal resources to key business areas that contribute to your company’s growth and profitability. We free your team from administrative burden so they can focus on strategic and revenue-generating activities.
Our Process
- Initial Consultation
In the initial meeting, we understand your business and your accounting needs. We determine the scope of accounting services you need and your specific requirements or preferences.
- Costs
We provide a transparent pricing structure. At Excel Financial Solutions, we offer competitive rates and flexible payment options.
- Onboarding
We ask you to share details about your operations. We gather necessary information and documentation such as financial records, bank statements, invoices, receipts, employee records, etc. We set up your account to start giving our services.
- Analysis and Planning
We analyse your financial data and develop a customised accounting services plan tailored to your needs and objectives.
- Implementation
We set up accounting software and systems and input and organise financial data accurately and systematically. We establish processes for ongoing data entry, reconciliation, and reporting.
- Regular Monitoring and Reporting
Our team continuously monitors financial transactions and records for accuracy and completeness. We generate regular financial reports, such as profit and loss statements, income statements, balance sheets, cash flow statements, accounts receivable and accounts payable statements, salary statements, etc. We provide valuable insights based on the financial data to help you make informed decisions.
- Compliance and Regulation
Our team ensures your business is compliant with all tax laws. We prepare and file necessary tax returns and financial statements accurately and timely. We stay updated on changes in law and advise you accordingly.
- Support
We provide continuous support for all your accounting needs. We offer strategic advice and valuable insights to help you achieve your long-term financial goals.