Remote Bookkeeping and OnLine Accounting Services Australia

Leading business accounting provider Quickbooks’ online bookkeeping system is every small business’s essential tool for managing financial and tax requirements. This system has enabled businesses to function efficiently and boost productivity without incurring additional costs for retaining a regular accounting department.

Key features of Quickbooks Online Bookkeeping

Advanced data security: User data files are stored remotely in the servers of Reckon Ltd, the Australian licensee of Quickbooks, where they may be accessed through a secure login. Data files are backed up automatically everyday as an added protection against data loss.

Online access: Users pay a monthly fee to access the system on the Internet. This enables a business to access data files anywhere in the world and at any time. Accountants and bookkeepers can log on to update financial data which a business owner or authorized personnel may access anywhere. This convenient system boosts productivity and promotes business growth.

Reduced compliance burden: Accuracy and timeliness in lodging activity statements and paying taxes are necessary in order to avoid costly interest and surcharges. The system is stored remotely allowing Quickbooks to easily update the software in order to incorporate new features, tax tables and formulas such as the recent Flood Levy and Paid Parental Leave Scheme.

Time saver: A taxpayer has the option to lodge its Business Activity Statement (BAS) online or by mail. The ATO recommends electronic lodging in order to save time. Quickbooks Online accounting software integrates Standard Business Reporting (SBR) which is the fastest way to send reports to the ATO. Data found in Quickbooks and the ATO are pre-filled on the e-form. Once the BAS is lodged online, the taxpayer can obtain real-time response about the amount of taxes due or the amount owed to him.

Cost effective: No additional IT expenditures are required to install and use Quickbooks software. A computer with Internet connection is all that a business needs to it. The software may be installed on the desktop which allows offline use even when Internet access is not available. Quickbooks works well with Microsoft systems such as Windows XP, Vista and 7. Data from Quickbooks are easily exported into Microsoft Office software.

While Quickbooks online bookkeeping may be packed with powerful features for managing core accounting activities, the software is surprisingly easy to use and setup. Small business owners with hardly any accounting background or experience are able to use this system and can readily access technical assistance or use the Help menu.