Cloud Accounting & Bookkeeping
Proper accounting drives efficiency and profitability.
Cloud accounting systems are designed for businesses of all sizes and structures, and across all sectors. From sole traders to multinationals, accounting software is key to managing business-critical information.
However, for many business owners and organisations, knowing the most appropriate cloud accounting solution for their business and its growth ambitions can be a challenge.
How we help our clients？
SFG. has an experienced team of experts who are skilled and adept at operating cloud-based software applications, including Xero, Quickbooks, MYOB and Reckon.
We can help you unlock the processing efficiencies of cloud accounting, and use the information to assist with real-time decision-making in your business.
Our cloud accounting support services include the following:
Review and advise on a solution that meets current and future business requirements
Advise on conversion from legacy systems to cloud-enabled software
Automate business information flows and save valuable time
Training and support – scaled up and down as needed.
Bookkeeping services do the following:
Bookkeepers are accountable for supplying an organization with accurate and current financial data. They constantly take the business’s pulse. Typically, these findings are sent to corporate owners and management to aid in decision-making. However, some bookkeepers are engaged in strategy formulation.
- submitting tax returns
- Invoice
- observing key performance indicators
- Tidy up accounting records
- managing accounts payable and accounts receivable
- comparing bank statements to financial statements
- doing a budget or cash flow analysis
Cloud Accounting & Financial Transformation
For organisations already using cloud-based accounting solutions, we provide further support and efficiencies through systems reviews, process training and mapping, and best practice development. Additionally, our financial transformation experts can undertake a review of the finance function to identify areas for significant improvement.
For more information on cloud-based accounting solutions or how your business could benefit from financial transformation, contact a member of our business advisory team.
Key Advice for Hiring a Bookkeeper
You should engage a bookkeeper as soon as possible after launching your firm. Otherwise, invoices and revenues for many months would not be recorded.
Therefore, you should guarantee that the bookkeeper you employ a trustworthy and be able to recommend a qualified bookkeeper.
In addition, it is generally advisable to have a bookkeeper who uses the same bookkeeping and accounting software as your accountant. This facilitates information transmission and record keeping between the parties.
Key benefits
Some of the benefits of updating, automating or converting systems include:
- Operating on a single ledger, eliminating double handling of data
- Enabling daily bank feeds to process information efficiently, allowing business performance views in real time
- Working from anywhere with access to software through the internet
- Opening up data to an ecosystem of “add-on” providers who allow a business to further streamline operations in areas such as CRM, time tracking, job management, payroll and HR, debtor management and document management
- Maximising business intelligence by using data visualisation tools and analytics
Related Services
Business Planning & Strategy
Technical accounting, financial reporting and operational work demand significant staff and resources.
Accounting & Reporting
Advice from qualified, independent professionals puts your business on the path to success.
International Business Services
Professional advice is critical for cross-border expansion and informed investment decisions.
Operational Reviews
Our operational reviews streamline processes, boost efficiency, cut costs and drive growth.
Succession Planning
Succession planning is vital for all businesses, not just family-owned, and requires proper formal documentation.