You may be employing your first employee or already have a team. Setting up and managing your payroll obligations takes time and involves deadlines.
The ATO may impose penalties for late payment of the Superannuation Contribution Guarantee (SGC) payable for your employees, so it is important to stay on top of this, to make sure you know how much you need to pay and by what date.
At Swag Bookkeeeping, our payroll services include weekly, fortnightly or monthly pays, SGC reports and payments, end-of-financial year PAYG Payment Summaries (better known as Group Certificates) and management of commissions and leave entitlements.
If you have increasing demands upon your time and need some payroll support, please contact us and we can discuss your options.
Balancing books can be a bit tricky sometimes. It seems a pretty straight forward process, but it only takes one small error or oversight to mess things up.
If you are recording your transactions manually, it is often just a matter of an amount being recorded incorrectly eg. $1257.49 instead of $1257.94. It can be difficult to pick this up, because our eyes tend to see what we expect to see.
If you are importing your transactions through live bank feeds, it could be a problem with the information coming in to your account. Transactions may have been missed or duplicated, or the opening balance recorded incorrectly.
If you would like us to check your file and find the problem, or to discuss your situation, please click on the Contact Us button, and we will be in touch.