Our Services

We provide the following services to small and medium sole traders, partnerships or companies in the ACT and NSW.

We can also provide remote services to businesses anywhere in Australia. Our business model enables us to be flexible and work with the business to come up with the best solution for your needs.

Bookkeeping

We provide basic bookkeeping for clients who need to get their books in order for tax compliance purposes. This includes reporting for BAS, paying superannuation quarterly, providing group certificates for employees and providing a fully reconciled data file to the Accountant for tax planning and tax compliance. We are able to provide these services at either your business premises or ours.

The services included in our basic bookkeeping are:

  • MYOB data entry
  • Accounts receivable
  • Accounts payable
  • Creditor payments
  • Debt collection
  • Reconciliation of bank accounts, petty cash and credit/debit cards
  • Payroll
  • Superannuation
  • Ensure all insurances are up to date
  • Inventory Management
  • Job/Project costing
  • Liaison with Accountant, ATO and Financial Advisor when required

Set Up

We provide a set up service for those businesses starting out, growing, or changing their processes. As we are an MYOB reseller we are able to provide any MYOB product for 10% less than the retail price. We will recommend a product appropriate for your business and will set up the data file including your chart of accounts, invoice customisation, grouped electronic payments for creditors and payroll; as well as advice on and set up your general bookkeeping processes and paperwork flow and filing.

Training

We provide training to business owners and/or staff who may have little or no knowledge of MYOB, through to those with extensive knowledge who may need a brush up in certain areas. It could be an admin person who wants to step up and take on more responsibility or current bookkeepers who want the extra knowledge in MYOB and sound bookkeeping practices. It may also be the business owner who wishes to do their own bookkeeping.  Whatever your requirements we are happy to cater for your individual needs and happy to provide training at your place of business or ours.

Financial Control

We provide specific services under Financial Control to current clients or businesses that may not require any of our other services. This enables you to have a financial controller at hand without having the cost of a full time staff member.

Management Reporting
This is a great tool for Management to get a snapshot of their current business position.  We review the financials once reconciled each month or quarter and provide a report showing an invaluable snapshot of financial information you need in order to make important business decisions.

Cashflow/Budget Preparation & Analysis
How do you know if your business is on track and meeting all of your objectives if you don’t know what your objectives are?

Having enough cash to pay for all of your general business expenses as well as your business loans, new business equipment and other investments, is vital to sustaining your business. Understanding how and when you will achieve your objectives is a vital business planning tool. We will sit down with you and work out your financial objectives and then report and revise as necessary. 

Packages
Whether you are a regular client of ours or not, our packed services may suit you. They are an invaluable tool for giving you a snapshot of the integrity of your MYOB data file and/or your bookkeeping processes. We do a review, and then provide a report on our findings and recommendations. It is then up to you to decide whether you follow our recommendations and get someone internal to implement them or get Equilibrium to help you. This service is perfect for businesses that are just looking for extra peace of mind or to ensure that the data file provided to the Accountant or any other business adviser is accurate and complete. Our packaged services are listed below:

  • MYOB Data File Review
  • Bookkeeping Processes & Procedures Audit

For an example of the type of reports we will provide for you, please contact us to make an appointment.

 

"Not only was Equilibrium able to manage our accounts through this period of growth, she successfully implemented our accounting systems and procedures, improved efficiency, and allowed me to focus on the job of growing our business."

Jason Buchanan, Managing Director
Research Now (Australia)