At Entrust Accounting, we pride ourselves on practicality. We work closely with you to understand your financial position and provide numbers with meaning. Our goal is to take the guesswork and stress out of finances, so you can spend more time on what you do best.
Who we are
With over four years of experience, we provide bookkeeping and accounting services in Sydney and remotely. Entrust Accounting has dealt with businesses of all sizes from a range of industries. We deeply value developing on-going relationships with our clients.
Entrust Accounting is always on the lookout for ways to tailor our service to your needs and add value to your business. We strive to provide you with timely and accurate services. Our team actively engages in professional development to keep updated about all the latest changes that can affect you.
Entrust Accounting assists clients using a range of softwares, including MYOB and Xero. We ensure the delivery of the best possible service by using our extensive knowledge in Accounting and Business consulting.
Consulting, Insurances, Land Tax, Fringe Benefit Tax
Bank Reconciliation, GST Reconciliation, Cash Payments
Sales & Purchase Invoices, Debtor & Creditor’s Reports, Manage Cashflow
Tax Payable, Superannuation, Leave Balances, Payroll Tax
If you have received exceptional service from our team, we would love to hear from you. We value you as a client and greatly appreciate your feedback.
Entrust accounting are exceptional to work with. I have involved them in a whole range of business decisions, from employing new personnel to updating our technology. Their extensive knowledge and professionalism leads me to continually recommend their services to others.
BND Designer Wardrobes
We wanted to change systems from MYOB to Xero. Within the same week of contacting Entrust Accounting our systems was swiftly transfered from MYOB to Xero. They went over and above the expectations in terms of quality and responsiveness.
The COVID-19 crisis created a lot of confusion for me as a small business owner. Entrust Accounting were right on top of it and gave me the most comprehensive and concise explanation of all the things I could do to stay afloat. I really owe it to the team for providing clarity through the chaos.
Frequently Asked Questions
Below we've put together and answered some frequently asked questions about bookkeeping and accounting. If you have any further questions, please feel free to contact us. Our team is always ready to help.
Is a Bookkeeper necessary?
As your business grows, delegating tasks to specialists is crucial to ensure that your valuable time is spent in your area of expertise. However, it is not an all or nothing approach when deciding to get a Bookkeeper. At Entrust Accounting we adopt a flexible model of service to cater for your business needs. Whether it is just to review your financials before lodgement or to reconcile your bank accounts, our team will do what works best for your Business size.
When do I have to lodge my BAS?
Quarterly BAS lodgement & payment is due four times a year. The ATO allows it to be submitted up to 2 months following the end of the period when lodged by a BAS Agent. This is usually on the 28th day of the second month. For example the first Quarter is due on the 28th of Novemeber. Monthly BAS lodgement & payments are due on the 21st of the following month. For instance, the January BAS is due on the 21st February.
What are the most popular Accounting Softwares?
The top four most popular Accounting Software’s in Australia are Xero, MYOB, QuickBooks and Reckon. What software you choose is based on your individual needs and the size of your business. At Entrust Accounting, we have extensive knowledge in these softwares. Please contact us for further assistance on what accounting software best suits you.
When do I need to register for GST?
A business is required to register for GST when their expected sales is $75,000.00 or more in a financial year. If you're not registered for GST, check each month to see if you've reached the threshold, or are likely to exceed it. You need to register within 21 days of your GST turnover exceeding the relevant threshold (75K). If you are unsure or need assistance with registration, please do not hesitate to contact us.
What transactions have GST?
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Most basic foods, some education courses and some medical, health and care products and services are exempt from GST. Please refer to the following link: https://www.ato.gov.au/Business/GST/
We would love to hear from you. Whether you have questions about our service, pricing, suggestions about how we can improve, feedback or general enquiries, please drop us a line and we will get back to you shortly.