General Accounting in Lake Macquarie
Bookkeeping oversight, financial statements and reconciliations from our Morisset office.
General Accounting in Lake Macquarie
GR & Co Accounting & Advisory Pty Ltd provides General Accounting in Lake Macquarie for businesses that need their numbers to be accurate and current. We work from our Morisset office with clients in Newcastle, on the Central Coast and throughout the Hunter Valley. Our focus is the practical work that keeps a business compliant: reconciled accounts, financial statements that reflect what happened, and records that stand up when the ATO asks a question. Every set of accounts we prepare is reviewed by Grant before it goes anywhere. Small business owners considering a change of accountant can book a Free Initial Meeting for small business first.
To talk through your situation, call us on 02 4975 2075.
What General Accounting Covers
General accounting covers bookkeeping oversight, financial statement preparation, account reconciliations and the record-keeping your business is required to maintain. We start with the figures you already have. That might be a Xero or MYOB file, a spreadsheet you have built yourself, or a shoebox of receipts and bank statements. We review how transactions have been coded, correct anything sitting in the wrong account, and reconcile balances against source documents. Once the underlying data is sound, we prepare the profit and loss statement and balance sheet for the period. You get accounts you can use for decisions, not just a file that satisfies a lodgment deadline.
Who General Accounting Suits
This service suits business owners who have outgrown do-it-yourself bookkeeping but do not need a full-time finance person. If you are unsure whether your reported profit is real, if your bank balance never seems to match your accounting software, or if your last set of financials arrived nine months after year-end, that is the gap we fill. We also work with owners who keep their own books and simply want a second set of eyes each quarter. There is no minimum size. A sole operator with four hundred transactions a year gets the same review process as a company with several staff. What changes is the frequency and depth, which we agree with you up front so the fee matches the work.
Before Your First Meeting
Bring your most recent financial statements or a copy of your bookkeeping file, your ABN and business structure details, and any recent correspondence from the ATO. If you are switching from another accountant, your prior year tax return and financials speed things up considerably, because they tell us the opening position we need to carry forward. Do not worry about tidying anything first. Seeing the records as they really are is more useful to us than a cleaned-up version, and it means we can give you a realistic view of the work involved rather than an estimate that changes later.
General Accounting Questions Answered
General Advice — General Accounting
This information is general in nature and does not take into account your personal financial situation, needs or objectives. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent financial advice.