OUTSOURCED ACCOUNTING

Running a business has its necessary evils. Time consuming tasks that are tedious, yet paramount to success.

Are you too small to have your own accounting department?  Not enough time or expertise to do it yourself?  Why not focus on your core business and partner with the experts at Kennedy Barnden to provide your accounting and payroll services.  We can be your Chief Financial Officer and assume responsibility for day-to-day financial administration of your business.

At Kennedy Barnden, we want you to take comfort in knowing that our team of professionals is here to take care of all your management accounting, financial reporting and tax obligations.

We use the latest in cloud accounting software, which makes it easy for us to manage these functions remotely, and for you to access and update your financial information wherever you are.  

Our services include:

  • Accounting / bookkeeping services using Xero, Intuit, MYOB and other programs
  • Training & support for Xero, Intuit and MYOB
  • Setup of accounting software and systems
  • Review systems & procedures
  • Advice on all aspects of record keeping
  • Periodic performance reporting and management accounts
  • Setting budgets and reviewing results against these budgets
  • Assistance with managing cashflow and forecasting revenue and expenses

Payroll is a complex and critical part of business for any organisation. It’s also time consuming.

With complete payroll services from Kennedy Barnden, you’ll be left with more time to focus on the core activities of your business.

We can assist with:

  •  Payroll processing weekly, fortnightly, monthly etc
  •  Termination payments including calculation of entitlements
  •  Annual leave entitlements and payments
  •  Leave loading
  •  Long service leave entitlements and calculation
  •  Sick leave entitlements
  •  Superannuation guarantee contribution
  •  Salary sacrificing and fringe benefit calculations
  •  Bonus calculations
  •  Commission payments for sales staff
  •  Timesheet processing
  •  PAYG deductions
  •  Pay slips
  •  Annual PAYG employer and employee summaries
  •  Summary reports per pay run showing all employee payments
  •  Salary packaging advice and assistance
  •  Banking file for easy upload by your staff to your online banking, or a printout of net payments

Compliance with corporate legislation requires a considerable amount of time and effort.

With Kennedy Barnden’s company secretary services, we relieve you of the heavy burden that comes along with these administration duties and can assist with:

  •  General advice on company law
  •  Company formations
  •  Downloading of annual statements on your behalf
  •  Preparation of all documentation related to minutes and resolutions
  •  Maintenance of statutory books
  •  Assistance in changes of directors, shareholders, addresses and office details
  •  Share transfers
  •  Acting as the Registered Office for your company
  •  Meeting deadlines to avoid late penalties

At Kennedy Barnden, we have extensive experience working with foreign companies that operate in Australia. We offer a full suite of reporting and compliance services that include:

  •  Preparing advice on appropriate structure and compliance (meeting local compliance requirements)
  •  Organising the initial setup of financial and reporting structure (establishing bank accounts, arranging insurance and record keeping)
  •  Staffing recruitment and payroll services
  •  Financial accounting, budgeting/forecasting and the compliance reporting services of a Financial Controller
  •  Preparing end of year statutory accounts for the company
  •  Providing assistance with regards to the preparation of budgets and on a monthly basis tracking and reviewing expenditure against set budgets
  •  Ensuring the accurate preparation/reporting of monthly financial results in strict accordance with Parent Company deadlines and in required format
  •  Ensuring that business cash flow adequately supports company activities and produces optimal results
  •  Analysing business performance and results
  •  Systems development and improvement

We can also ensure your compliance with:

  •  Statutory authority and audit requirements, e.g. Australian Securities and Investments Commission
  •  Taxation and legislative requirements, e.g. Goods and Services Tax, Superannuation Guarantee, Pay As You Go Withholding Tax, Fringe Benefits Tax and Payroll Tax

Let our Invoicing and Payment Services provide your head office with the peace of mind that all local accounts are operated through a trust account. And all expenditure is vouched for within the delegated authorities’ limits.  Trust accounts are audited annually under the Accounting Professional & Ethical Standards Board.

You have accounting goals. We have accounting solutions.

Get in touch today, and let’s starting mapping your financial future together.