Our services are designed to take the pressure off you
Academy Business Services specialises in streamlining your business operations by taking care of the bookkeeping and payroll requirements. Our services are designed to take the pressure off you, allowing you to put valuable time back into your business.
Academy offers expert payroll services, helping you meet obligations involved in payroll. Academy can process your payroll weekly, fortnightly, or monthly, along with fulfilling your STP and Superannuation requirements. We also ensure your system is setup correctly to meet employee obligations around entitlements, allowances, PAYG and all other pay items. We ensure payroll transaction are compliant with IR and Fair Work laws.
The correct handling of accounts receivable functions can lead to a positive cash flow position for your business. Academy specialises in tightening this process and utilising the full suite of tools that Xero cloud-based software has to offer. Academy can process your accounts receivable invoicing and assist with client payments for you.
Academy can process your supplier bills for you and schedule payments as they fall due. Your creditors can be paid on a weekly, fortnightly, or monthly basis. By efficiently processing bills and using the tools within Xero, we can also accurately assist with forecasting cashflow and prioritising your bill payments for you.
Academy can help you by linking your bank account feeds to your Xero account, automatically importing transactions each day and setting up rules for frequent items, saving you time. Academy can also reconcile your account items for you, so you can have up-to-date cash flow forecasting and know your cash position on the fly.
We work with many apps that integrate with Xero and can assist our clients with setting these up. These processes aim to assist with gaining efficiencies within your business.
Debt Collection Assistance
Setting up an easy and automated way for your clients to pay you takes the stress out of chasing payments from your clients. Academy can assist you with setting up these systems and automated payment reminders for overdue invoices. We can also offer debt collection assistance, taking the pain out of following up your non-payers for final demand and referring them onto a collection agency when required. Our processes are designed to take the pressure of you to follow up late payers, freeing up time for you to focus on your business and what you enjoy doing.
Management reports provide you with an overall representation of your business’ health. Rather than just providing individual reports such as profit and loss, balance sheets and cash flow reports, we take the time to assist with analysing this information. We provide reporting data to compare with past performance. These reports can be utilised by business owners to assist with their business strategy and future planning.
Academy offers customised Xero and ad-hoc reporting templates when required. Customised reports are ideal when you want to provide summarised reporting, or more detailed reporting in a specific area of your business.
The Academy Business Services team are here to put you back in the driver’s seat of your business. Either hand your Xero requirements over to us to take care of, or let us teach you how to manage your Xero account effectively and efficiently yourself. Academy also specialises in setting up Xero company files, whether you are looking to transfer over to Xero or setting up your new business from scratch.
At Academy, we strongly believe in making your business processes as efficient as possible. Whether it’s implementing a paperless work environment, or a complete overhaul of your business workflows right down to task level, or the implementation of new software to assist in speeding up your business functions. Using available business tools to their full potential is what we do!