There are many bookkeeping systems on the market today and generally they are good so long as the operator has a sound knowledge of double entry bookkeeping.

If the system is not set up by an experienced person or the data input is performed by an inexperienced person the results can be, and often are disastrous. The old saying of “Garbage in, garbage out” is just so true.

Then we have another even bigger problem where the A.T.O. work on a “Self assessment “ basis. That is, generally, they accept your returns as lodged without checking them and that is fine until you have a tax audit which may mean, if your returns are incorrect, they will go back and check your returns for a number of years, charge you penalties and interest and the result can be more that a shock.

At P. Stokes & Co. we use an electronic system where the client has no software to buy and does not need any bookkeeping knowledge at all. The systems give the client more free time to manage their business and so earn at a much higher rate than bookkeeper’s fees.

At the end of each month or quarter, the client receives a complete set of accounts reconciled to his bank account for accuracy, a BAS statement and other management reports if he so desires.

Call us for a free consultation of how you can save money and get rid of the stress. Contact us today!