We implement streamlined ongoing bookkeeping solutions to help keep you on track.

We specialise in providing customised, flexible and cost effective bookkeeping solutions for our clients.

Our standard bookkeeping rate is an extremely competitive $28 plus GST per hour, but we try to provide all of our clients with fixed fees for additional peace of mind. The types of services we generally provide include:

Day to Day Bookkeeping

We can process your accounts from scratch based on bank statements, invoices and bills, keeping you up to date and on track.

Bank Reconciliations

We’ll compare your records with what actually goes through the bank to pick up any issues or missed expenditure

Payroll Services

We can look after payroll and super to ensure your staff are paid correctly and on time and to ensure you meet your obligations as an employer. Learn more about our Payroll services.

Regular Reporting

We can generate regular accounting reports including Profit & Loss Statements and Balance Sheets so you can see how your business is going.

Accounts Payable & Receivable

Always know what you have to pay and how much you are owed. Learn more about our Accounts services.

Debtor Management

We can send reminder emails and follow up calls to the people that owe you money to make sure you get paid on time. Learn more about our Debtor Management services.

Online Bill Payments

We can set up payments for bills, payroll, superannuation and ATO liabilities through your online banking, so all you have to do is authorise the payment when you are ready.

Cash Flow Management

One of the most critical areas of running a business, we can help you manage your cash flow so you have funds when you need them.

Budgeting

We can help forecast income and expenditure and compare with your actual results to see if your business is operating as planned.

We take the stress out of payroll

We know payroll management can be very difficult to stay on top of, with tax rates changing every year and all the complexities of leave accruals, entitlements, superannuation and long service leave making things even harder. That’s why we try to take the stress out of payroll for our clients.

Your Own Personal Payroll Team

We will be your very own personal payroll department. All you need to do is provide us with timesheets or leave details and we’ll handle the rest.

Complete Payroll Services

We’ll process payroll, calculate the tax to be withheld, issue payslips, handle the payment summaries, track superannuation and handle all of the lodgements with the ATO for you.

Online Payment Setup

We can even set up the payroll and superannuation payments on your internet banking so all you have to do is log in and authorise payment!

All Scenarios Are Covered

Casual staff? No problem, just send us the hours worked.
Full time staff? No problem, just let us know if any leave was taken.
Commissions or bonuses? No problem, you can either give us the total or tell us how to figure it out ourselves.

Year End Compliance

We can handle all of your ATO obligations by reconciling and reporting the tax you have withheld from your employees’ pay. We will also generate PAYG payment summaries (group certificates) for your staff and can email them to staff directly!

Payroll Tax

Are you a large payer and obligated to pay payroll tax? We can calculate, reconcile and report payroll tax to the relevant state departments, even across grouped entities, across different states.

We will make sure your ATO deadlines are met on time, every time.

Being tax agents & accountants we know what the ATO needs and when; and we make sure your deadlines are met every time.

Extended due dates for lodgement and payment of your GST.

Not only will we be able to prepare your BAS statements but, as tax agents, we can lodge your BAS electronically with the ATO. Being our client means your BAS due dates are extended automatically as long as we lodge BAS’s for you.

GST Audits & ATO Communication

Have you recently purchased new equipment? Paid a franchise fee? Bought a car? You may be entitled to a large GST refund which could result in an audit from the ATO under their current audit program. We are able to take responsibility in dealing with the ATO on your behalf and can provide them with all the necessary paperwork to get the audit cleared.

As accountants, we are always up to date with GST legislation so you never have to worry about claiming or paying GST incorrectly.

How much GST do I need to keep aside?

If you lodge your BAS quarterly, we can help avoid some of the unexpected pain that comes with paying 3 months worth of GST in one batch by letting you know how much to set aside each month towards the liability. Don’t get caught short when it comes time to pay your GST!

We can be your accounts department

When you run a growing business it can sometimes be tough to keep track of who’s paid you and who hasn’t, as well as stay on top of all the bills that you need to pay yourself!

Large companies have entire departments dedicated to keeping on top of their accounts, but you don’t need to be a huge company to do the same – we can do it for you!

We can be your accounts department and take care of both receivables and payables – without you paying an entire team’s wages!

Accounts Receivable

We can prepare invoices for you, send them to your clients directly, keep track of who has paid, when they paid, which invoice they paid against and provide you with regular reporting so you can see where things are at. We don’t just stop there, we can also chase payments by sending reminder emails and making reminder calls to your clients for you. You can learn more about this service on our debtor management page.

Accounts Payable

We can receive bills directly from your suppliers, set up payments online through your internet banking, and reconcile supplier statements to make sure no suppliers are missed or overpaid. You will always be able to see exactly how much you owe.

We can give you advice on which software is right for you, help set the software up (or transfer your existing data if required) and even provide hosting services.

Popular Software

Whilst we are familiar with many different software packages, some of the more popular and commonly used packages are:

• XERO
  We are XERO Gold Certified partners and have helped hundreds of clients move to XERO and use it to its fullest. Want to move to XERO and take advantage of the cloud? We can help! Check out our dedicated XERO page to learn more.
• MYOB
  We are a professional partner of MYOB and we use all MYOB packages including AccountRight, AccountEdge, Live, Enterprise and even ExoNet. We are also approved by MYOB to provide hosting services which means we can easily put your MYOB file in the cloud.
• QuickBooks/Reckon
  We are a professional partner of Reckon and have experience with all of their products including QuickBooks and QuickBooks online.
• Saasu
  We are a gold certified partner of SAASU and can help you get up and running in Saasu in record time.

Other software packages we either use frequently or have a large amount of experience with include SAGE, SAP, Handisoft, BGL, BankLink, NetSuite and more!

Custom Software

We also frequently deal with many customised software packages that are specific to an industry or individual business. We have many talented staff in house that can be trained in your individual software package.

New Software Advice and Set Up

If you are new to business or thinking of changing your current software provider, speak to us. We have extensive knowledge of each software product and can advise you which software is best suited to your requirements. In many cases we can also get you a discounted price for the software!

MYOB Approved Hosting

In addition to AccountRight Live services, MYOB also have a limited number of MYOB Approved Hosting Providers (MAHP) that can store your file in the cloud. befree proudly meets all of the MYOB requirements for a reliable and secure IT infrastructure and is accredited as one of only a handful of providers approved by MYOB. This means our clients can access their MYOB files in the cloud, without moving to a cloud specific version of MYOB.

At XY Partners we do so much more than just bookkeeping.

We are a full-fledged CPA accounting firm and tax agency, so in addition to helping you maintain your books we can also help with:

Annual Financial Statements and Accounts

Our regular bookkeeping process means the records we have maintained for you can be used to easily prepare your annual financial statements. We can prepare your financials in a format ready for board meetings, Annual General Meetings or even a set you can give to the bank for a finance application.

We can also prepare annual accounts completely from scratch, so even if you haven’t maintained any records we can still help!

Tax Returns and Compliance

Whether you’re an individual, operate a company, are part of a partnership, have a trust or a combination of structures, we are qualified and experienced in preparing your tax returns and all elements of your tax compliance.

From Capital Gains to Foreign Investments, from Primary Production Income to Fringe Benefits Tax, we’ve done it all. At befree you can be sure you’re in good hands.

Tax Advice

Tax can be complicated – at befree we can help explain it to you. We can advise you on any element of your taxation situation, including;

• Tax strategies
• Business and investment structures
• Residency changes
• Capital Gains
• State based taxes
• Retirement and estate planning
• Superannuation and Self Managed Super Funds (see our SMSF page for more information)

Tax Planning

At befree we believe in being proactive, so if we are handling your bookkeeping and taxation then we aren’t going to wait for you to approach us before we start tax planning. We will review your records before the end of the financial year and run through some ideas for tax minimisation with you – without you needing to ask us to.

Bundled Packages

We like giving our clients a fixed fee so they know exactly how much they’re paying for our services. If you bundle taxation and bookkeeping services together, not only will it end up being cheaper than using two separate organisations but you will also have the peace of mind of knowing exactly how much it will cost you before we do the work.