We are an experienced team of Bookkeepers who can help you with your everyday bookkeeping requirements.
We perform the following Bookkeeping Services:
Bank and Credit Card Reconciliation
- Balance your records against those of the bank to ensure that your accounts are accurate and complete.
BAS Preparation and BAS Lodgement
- Have your data reviewed by a BAS agent, with accurate and timely returns. This can be done monthly, quarterly or yearly.
- Keep track of what you owe your suppliers; avoid double payments and other costly mistakes.
- Keep abreast of what is owed to you and make sure that your money is being collected quickly while keeping your customers happy.
- Running of your Payroll and reconciliation and preparation of payroll year end including payment summaries.
- Make sure that you are paying your staff correctly and in a timely manner, and report the wages and PAYG to the ATO.
- Our bookkeepers will make sure that your Superannuation is reported and paid accurately and on time.
Workcover and Payroll tax
- We check your business is compliant with your obligations.
Budgets and Cash Flow
- Monitor your budget to ensure you have no unexpected blow outs, and make sure that your cash flow is there when you need it.
Profit and Loss Statement
- We will prepare your profit and loss for you, to help you know how your business is going.
Cash Profit Reports
- Generation of monthly Cash Profit Reports, showing current and previous month sales and expenses; an essential management tool, which can highlight dips and trends in trading giving early warning of inconsistencies. This report also provides an indication of the businesses profitability to date.
Types of industries we have experience dealing with:
Accommodation and hospitality
Construction and trades
Real estate and hiring services
We help businesses achieve great results together, by helping with the following.
Frankston Automotive Customer since November 2017
Lime Results started helping Frankston Auto formerly known as BrakeCare with their MYOB accounting software in 2017, this included data entry, training and monthly reconciliations of their bank and credit card accounts. As a mechanic they use a Capricorn finance account which needs to be reconciled monthly. The monthly work included reconciliations, lodgement of BAS’s, estimations for Workcover, preparation of reports to track the growth of the business.
Franktson Auto decided to record all sales transactions with stock items using Workshop software which is an Auto Repair Workshop package. It integrates with most accounting packages. Easy management of jobs, invoices, quotes and bookings. We assisted with the implementation of this product with MYOB.
Then after a few years we discussed moving over to Xero for several reasons
- Xero and Workshop software integrated
- Reconciling Bank accounts is easier in Xero
- Bank Rules are the best
- All history could be converted into Xero.
- 100% cloud based like Workshop Software
- Great pricing
The conversion from MYOB to Xero was planned and actioned. Around this time, we jointly decided it was time to move Accountants. A consultative accounting practice was sort and secured.
Over the years, Lime Results have helped Frankston Automotive with HR & Payroll setup and issues. Whether it is weekly payroll processing, leave queries or adding a new worker, Corina knows we are only an email or phone call away.
Lime Results are now helping with Jobkeeper, applications for Government Funding and Apprentice Funding schemes along lodgement of BAS’ to receive the ATO Cash Flow Boosts.
Support to small business is a paramount aspect of Lime Results.
Review Frankston Automotive
Lime Results are amazing. We started a new business Brake Care Frankston and Lime Results helped me set everything up from the beginning. I could not have done it without them. Still using them today for ongoing book keeping. 5 Stars from me!