We believe the true value of Tax & Accounting Practice is to turn numbers into the business insights coming up with plan and strategy, not daily data management. With KAV outsourcing services, we help your accountants to minimize their time involving with non-critical activities. Our team can handle simple tasks as such data entry, document sourcing … to increasingly complex paperwork for Individual, Businesses and SMSF.
Please check our service details below and we are looking forward to working with you.
Set-up entities on required software.
Data entry, Bank Coding & Software Conversion.
Accounts Payable and Receivable.
Bank and Credit Card Reconciliations.
Monthly/Year end Account General Ledger/Trial Balance.
Monthly/Year-end Profit and Loss Statements/Financial Statements Data entry/conversion/analysis/migration.
Software used: XERO, QUICKBOOK, MYOB, REKON, SAGE, SAASU, BANKLINK, CASHFLOW MANAGER and others.
Outsourced Compliance work
- Prepare work papers for Company, Trust, Partnership, Sole Trader, and Individual
- Prepare Draft report for Financial Statement & Year-end accounting
- BAS, IAS and FBT Filing
- Cloud accounting services
- Software used: HANDISOFT, XERO, MYOB AE, MYOB AO, MYOB ACCOUNTS, RECKON ELITE, APS.
- Complete the full set of reports for SMSF including accounting report, trial balance, P&L Statement, Bank reconciliation and Individual Tax Finalization Report
- Assist SMSF Accountant with Draft Annual Return
- Collect pension documentation and actuarial certificate (if require)
- Prepare paperwork for audit checklist and submit for SMSF Auditing
- Software used: BGL SimpleFund, APS DesktopSuper, Handisuper, MYOB AE, MYOB AO, MYOBSuper, SuperMate, ClassSuper, Auditflow and others
- Set up employee details (Name, Address, TFN, Start Date & Termination Date, Bank details, payment information as such gross wage, allowance and other benefits)
- Register PAYG withholding
- Manage employee timesheet
- Update service leave, holiday leave and other employee entitlements
- Calculate employee gross/net wage and Superannuation contribution
- Process Weekly, Fortnightly and Monthly Payroll
- Generate payslips and annual payment summaries
- Reconcile bank account, PAYG withholding
- Preparing paperwork for payroll tax and PAYG tax
- Generate monthly reports
- Answer all inquiries related to payroll service
- Managing Single Touch Payroll (STP) and other ATO reports
- Software used: XERO, MYOB, Quickbook, APS
Data Process Outsourcing
- Data process services include: data collecting, filtering, categorizing, processing, analysing and archiving
- Online abstracting, raw data scanning , digitalizing and presenting in a readable format
- Form filing, system indexing and reporting
- Searching prospective clients by name, email, industry and geographic location