Accounting

Bookkeeping and Financial Reporting

The day-to-day ledger work that everything else depends on — coding, reconciliation and periodic reporting that stays accurate between June deadlines, not just at them.

Monthly
Reconciliation cycle
GST & BAS
Prepared from the ledger
Xero · MYOB · QBO
We work in your file
Bookkeeping ledger and financial reports on a desk

Most accounting problems are not tax problems. They are record problems that only become visible at year end, when a bank feed has been unreconciled for eight months, GST has been coded inconsistently, or the owner’s loan account has quietly absorbed a dozen personal transactions. Fixing that in June is expensive. Preventing it monthly is not.

This service is the ongoing work: coding transactions correctly the first time, reconciling bank and credit card accounts, keeping accounts receivable and payable current, and producing a profit and loss and balance sheet you can actually read. It is deliberately separate from the year-end statutory work, which has a different purpose and a different audience — that sits under financial statement preparation.

What’s included

What the ongoing work includes

  • Transaction codingConsistent treatment of income, expenses, GST and capital items, so the ledger means the same thing in March as it does in June.
  • Bank and card reconciliationRegular reconciliation of every bank, credit card and loan account, with unexplained items chased while people still remember them.
  • Accounts receivable and payableKeeping the debtor and creditor ledgers current, so the balance sheet reflects what is actually owed in both directions.
  • GST and BAS preparationActivity statements prepared from a reconciled ledger, with the GST coding checked rather than assumed.
  • Payroll integrationWages, PAYG withholding and superannuation posted correctly, so the ledger agrees with what was actually reported and paid.
  • Periodic management reportsProfit and loss, balance sheet and comparative figures issued on a set cycle, with the movements explained in words.
Laptop and notebook used for monthly reconciliation
Who it’s for

Who this suits

Businesses without an internal bookkeeper. Where the owner has been doing the books at night and the quality varies with how busy the month was.

Businesses with an internal bookkeeper. Where the day-to-day entry is handled in-house but the reconciliation, review and reporting benefit from a second set of eyes.

Businesses cleaning up a backlog. Where several periods need to be brought back to a reconciled position before anything useful can be reported.

Process

How we work

1

File review

We look at the existing accounting file first — chart of accounts, coding history, reconciliation status — and tell you honestly what condition it is in.

2

Catch-up

Any backlog is brought current and reconciled before ongoing work starts, so the baseline is trustworthy.

3

Regular cycle

Coding, reconciliation and review run on an agreed cycle, with a fixed point each period where the file is closed off.

4

Reporting

You receive management reports on that same cycle, with commentary on what changed rather than just a set of figures.

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What this page covers — and what sits elsewhere

Where the books surface something worth acting on, the numbers become useful rather than merely compliant. A gross margin that has slipped two points, or a debtor ledger stretching past sixty days, is a business conversation — and that is where budgeting and performance reporting or cash flow management picks up.

Related services

Works well with

Financial Statement PreparationThe year-end statutory statements that a reconciled ledger makes straightforward instead of painful.Read more Payroll ServicesWhere wages, PAYG and super are processed and reported, then posted back into these books.Read more Budgeting & Performance ReportingTurning accurate historical books into budgets and KPIs that inform decisions.Read more

View all accounting services

Questions

Common questions

Which accounting software do you work with?
We work in the client’s existing file wherever it is practical, rather than insisting on a migration that adds cost without adding accuracy. If the current setup is genuinely holding the business back — a chart of accounts that cannot report by division, for example — we will say so and price the change separately so the decision stays yours.
How is this different from what my tax accountant already does?
Tax work looks backwards once a year to determine a liability. Bookkeeping and management reporting run continuously so the business has current information to act on. The two are related — good books make the tax return cheaper — but they answer different questions and are usually scoped separately.
We are several months behind. Is that a problem?
It is common and it is fixable. The catch-up is treated as its own piece of work with its own scope, because the effort depends entirely on the condition of the records. Once the file is reconciled to a known point, the ongoing cycle costs far less than the clean-up did.

Speak to a chartered accountant

Tell us what you need and we’ll let you know whether we can help, what it involves and what it costs — before you commit to anything.

General information only. This page describes services provided by DKD Accounting and is general in nature. It does not take account of your objectives, financial situation or needs, and it is not tax, legal or financial product advice. Rates, thresholds and caps change — always confirm current figures with the ATO or speak to us about your circumstances.
Source: ATO — Income and deductions for business · ATO — Business activity statements (BAS)