What is Bookkeeping? NQ Pro Bookkeeping Solutions

What does a bookkeeper do?

Bookkeeping, also referred to as ‘keeping the books’, is the process of recording all monies received by a business as well as all monies paid out to suppliers, employees, tax agencies, contractors and any other individual or entity.

Keeping full, accurate, up-to-date financial records can help businesses effectively manage cash flow, keep informed of profits and losses, so they can develop plans for the future based on their business’s financial trends. Furthermore, keeping accurate business records is required by law.

Though necessary and beneficial to business owners, the task can be very time consuming. With no exceptions, every monetary amount that is paid or received must be accurately recorded.

A good bookkeeper is an integral component of a successful business. They must be qualified, have a passion for what they do and most importantly have attention to detail.

Being a small business ourselves, the NQ Pro Bookkeeping Solutions team take the time to explain how your books are kept; provide support to you and your team and present financial information to you that is easy to understand. They also keep you well informed of legislative requirements including any changes that will impact on your business.

Latest news
BAS/IAS Monthly Lodgement
Final dates for lodgements and payments:
- Dec Activity Statement: 21 Jan 2021
- Jan Activity Statement: 21 Feb 2021

BAS Quarterly Lodgements
Final dates for lodgements and payments:
- 2nd Quarter 2021 Financial Year
- Dec Quarter 2020 (incl. PAYGI)
28 Feb, 2021

3rd Quarter 2021 Financial Year:
Mar Quarter 2021 (incl. PAYGI)
28 Apr, 2021

*When a due date falls on a Saturday, Sunday or Public Holiday*, you can lodge or pay on the next business day.

*A day that is a public holiday for the whole of any state or territory in Australia.

Due date for super guarantee contributions:
- 2nd Quarter 2021 Financial Year:
Oct to Dec 2020 – contributions must be in the fund by 28 Jan, 2021

- 3rd Quarter 2021 Financial Year:
Jan to Mar 2021 – contributions must be in the fund by 28 Apr, 2021

Late payments of superannuation are not tax deductible.

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Providing value for money
Keeping information confidential
Always delivering services with integrity and honesty
Showing care and compassion
An extremely high work ethic

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