Account Payable & Receivable

Bookkeeping and Payroll

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+61 (03) 9008 9186

Account Payable & Receivable

Business owners need to understand accounts payable and accounts receivable. Accounts payable is the money a business owes to its suppliers for goods or services received on credit. Accounts receivable is the money a business should collect from customers who received goods or services on credit.

Managing these areas is an essential part of small and medium business finance. However, it can be challenging if you’re not trained in bookkeeping and accounting.

If you’re looking for an efficient solution to manage your accounts payable and accounts receivable, JTCA Bookkeeping Services can help. We use the latest cloud-based technologies to streamline your processes and make them more efficient, including debt collection.

By using online invoicing, such as Xero, you can easily send live invoices to customers with a Pay Now button to accept payments online. Utilising accounts receivable software can help you receive payment faster and save time on manual administrative tasks. You can access your live data anytime, anywhere, from any device.

General Ask

Can you help with tax planning and preparation?

Absolutely! Our accountancy firm specializes in comprehensive tax planning and preparation services for individuals and businesses. Our experienced team of professionals stay updated on tax laws, ensuring accurate and timely filing. We'll analyse your financial situation, identify tax-saving opportunities, and develop strategies to minimize your tax liability. Let us streamline your tax process, allowing you to focus on your financial goals and achieve peace of mind.

Contact us today for tailored tax solutions to suit your unique needs.

How do you charge for your services?

Our accountancy firm primarily operates on a fixed-fee basis, ensuring transparency and predictability for our clients. We understand that every client has unique needs, so we customize our services accordingly. In addition to fixed fees, we also offer hourly rates and monthly retainer packages when appropriate. Our initial consultation is often complimentary, allowing us to discuss your specific requirements and provide a tailored quote. This approach guarantees that you receive excellent value while maintaining full control over your budget. Contact us to schedule your free consultation and receive a personalized pricing proposal.

What software and tools do you use?

We utilize a variety of software and tools, including Xero, MYOB, QuickBooks, and Reckon, which are popular accounting platforms in Australia. As certified advisors, we not only provide expert guidance but also offer training and virtual office assistance to help businesses streamline their financial processes. Our comprehensive solutions ensure clients have access to efficient, tailored, and reliable accounting services.

How often do you communicate with clients?

At our accountancy firm, we prioritize open communication and strive to maintain frequent interactions with our clients. We understand the importance of timely responses; therefore, we make it our mission to get back to clients within 24 hours for any questions or concerns they may have. Our team believes in building strong relationships through consistent and transparent communication, ensuring our clients feel valued and well-informed throughout our partnership.