Fusion Bookkeeping has a simple effective system for providing offsite bookkeeping and services.
The client electronically sends their bills, invoices, financial documents and receipts to an email we both have access to. Maybe accounts@yourbusiness or finance@… something easy to give your customers and suppliers. We access the documents then upload the data, make GST adjustments, allocate the expenses, and reconcile your accounts. An electronic copy of your paperwork is stored in three different secure online spaces allowing you to discard your paperwork if you like.
This reduces the space paperwork can take up in your office. Storing your receipts and bills online allows your entire finance team to have access to your data, is safer than a filing cabinet in your office or home, and protects against the risk of faded or destroyed paperwork.
But do the ATO let you store documents electronically?
Yes! The ATO website states that ‘Documents you are required to keep can be in written or electronic form’.
Fusion Bookkeeping can pay your bills and payroll using admin user access through your internet banking. Our systems ensure you are in control of approving the bills to be paid and being in total control of your cash flow. We can also complete the whole payroll process from the moment time sheets are approved, sending payslips, paying employees and helping you with your PAYG and Superannuation liabilities.