Bookkeeping

Bookkeeping is the systematic recording, organizing, and maintaining of financial transactions for a business. This process involves tracking all income and expenses, ensuring that financial information is accurate and up-to-date. Our bookkeeping team use the business’s software, such as Xero and MYOB to manage this data.

The purpose and benefit of concise bookkeeping is to provide a clear financial picture, which helps in making informed business decisions, preparing for tax obligations, and ensuring compliance with applicable financial regulations.

By maintaining detailed and precise records, bookkeeping forms the foundation for effective financial management and strategic planning. Businesses no matter the size cannot make informed business decisions without up to date numbers, that is why the bookkeeping function of any business is crucial. 

At Glavis Advisory, we understand that you know the importance of bookkeeping but it is not necessarily something you understand or enjoy, you commenced your business to apply your trade not to do the numbers. We provide bookkeeping packages for businesses of any size with clients ranging from large registered clubs through to small sole trader businesses, if this is something that you know needs to be done but do not want to do then a Bookkeeper is right for you. At Glavis Advisory we can pay bills, process payroll, reconcile bank accounts and tailor anything you require here in the bookkeeping space into an easy monthly package.

Businesses that neglect their bookkeeping tend to be less efficient and lack the clarity to make key financial decisions because they do not have the necessary data available to them.

Bookkeeping is the recording and organising of a business's financial transactions, using software like Xero to track income and expenses.

  • Accurate bookkeeping provides a clear financial picture, enabling informed business decisions, tax preparation, and compliance with regulations.

  • Glavis Advisory offers bookkeeping packages for all business sizes, handling tasks like bill payment, payroll, and bank reconciliation.

  • Glavis Advisory understands that business owners may not have the time or inclination to manage their own bookkeeping.

  • Businesses that neglect bookkeeping are less efficient and struggle to make informed financial decisions.