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Accountix is pleased to announce the addition of an innovative accounting service to small businesses and sole traders, who are seeking high quality financial information at a reasonable price.
Through the use of Banklink software, and its intelligent processes, we are able to expand our existing range of bookkeeping and BAS services, to a range of new clients who we were previously unable to service.
Banklink is the perfect choice for businesses which do not have the time or resources to run or maintain a complete accounting package, but still want to be able to meet their BAS reporting obligations as well as have meaningful financial information that is tax accountant friendly.
How does Banklink work?
Through a secure authorisation and download process, we are able to receive a copy of your monthly bank statement directly into our system. We are then able to use the advanced memorisation functions in the Banklink software to automatically code many of the routine transactions.
We then produce a “coding report” that is faxed, mailed or emailed to you. The “coding report” is a simple list of transactions that we need more details of. An example of this might be details of a particular cheque. Essentially, you “fill in the blanks” on the coding report and return it to our office.
From the information provided, we are then able to produce a monthly cash report that details where your money has come from and where it has gone. This data is then used to produce your quarterly BAS statement and can also be sent to your tax accountant for preparation of your annual financial statements and income tax returns.
For more information on Banklink
Feel free to contact us and we will email a pdf which fully explains the product.
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