Account Management

We can create accurate and timely quotes and invoices based on data supplied by you.

We will send invoices to your customers, sending a copy to yourself if required.

Each of your customers has its own unique file, enabling reporting on amount, services purchased, regularity of order etc.

We will collect your debts, based on your instructions and understand that terms may vary dependant on your customer relationship.

We guarantee that your customers will receive invoices for your products/services in an accurate and timely manner, enabling payment according to your terms, which will assist your cash flow.

Our team is trained to assist you in recovering your overdue accounts. You will be kept up to date with progress, understanding that they are your clients and repeat business is important.

All of your supplier invoices are entered as soon as they are received.

Dependant on your requirements we can issue purchase orders upon your request. Invoices will then be matched to purchase orders.

All costs will be coded in accordance with any specific requirements for reporting.

GST will be claimed in accordance with ATO rulings.

Forecast of payment dates will be provided on a weekly basis, or as requested.

Once your regular data is received we guarantee entries are coded and entered within 2 working days. This ensures all expenses are recorded, showing a true reflection of your business at any given time. This also enables a quicker turn around and receipt according to your terms.

A cash flow forecast indicates the likely future movement of cash in and out of your business. We can provide you with an estimate of the amount expected to flow in (receipts) and out (payments) of your business. We can forecast short term or long term periods, depending on your requirements.

All reports can be customised to meet your requirements. We can prepare overview report to give you the "big picture" and detailed reports to capture weekly/monthly movements.

Standard reports include

• Profit and Loss
• Balance Sheet
• Credit card and working account reconciliations
• Budgets

Your profit and loss statement is a summary of the financial performance of your business.

At SME Support we will prepare your profit and loss statement and if required give you a written summary on performance of your business and suggest areas that require attention.

Budgeting helps to plan how your business is conducted. At SME Support we assist you by:

• Assessing your income and expenses
• Assisting to identify the profitable parts of your business

Cash flow forecasting is a key aspect of the financial management of a business.

At SME Support we provide you with cash flow forecasting which enables you to:

• Identify in advance, potential shortfalls in cash balances
• Ensure the business has sufficient funds to pay suppliers and employees
• Highlight potential problems with customer payments

In a business, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time.

When you are a small to medium business, keeping track of all the changes to payroll legislation is just another hassle that you don’t need. Your job is building your business, not processing pays! At SME Support we can handle all of your payroll needs.

We work with you to help with all employee and job expenses.

We can help you capture billable time and job costs quickly and easily. We can help track reimbursable and job related expenses.

We can use your timesheets to help track your jobs workforce and assist you to stay within your staffing budget every week.

You can choose how we record employee working times.

Some businesses may be satisfied with manually entering the time data for each employee, each pay period. Alternately, each employee could email in their hours, we will work with you on how to best manage the payment of your workers.

In today’s complex regulatory environment, managing financial risk exposure has never been more important. Many businesses get into trouble with their tax and superannuation responsibilities due to time constraints, poor record keeping or from not understanding what is required. At SME Support we will take the worry out of your compliance.

At SME we can help you with your superannuation compliance by:

• Preparation and lodgement of end of year superannuation returns
• Your reports can be lodged to enable payment of superannuation monthly or quarterly.
• Your information can be loaded into your superannuation funds as required.

Who needs this service and when

All businesses with employees are required to calculate Pay-As-You-Go (often referred as PAYG) tax correctly and remit it at least quarterly and again at the end of the financial year, together with associated forms.

Why you need this service

It is important to complete your PAYG requirements correctly and on time. As with most other taxes, PAYG can be confusing when you consider the different tax rates. We offer this valuable service to take the headache away from you.

We can accurately prepare your Business Activity Statement, whether you report on a cash or accrual basis, on a monthly or quarterly payment cycle. Our years of experience enables us to check the finer detail as well as compare the big picture to give you accurate lodgement details and to advise on any abnormalities.