Bookkeeping Fees

Nationwide Bookkeeping & Accountants Services

We offer a variety of packages or adhoc services as listed below. Our current hourly rate is $80.00 including for ad hoc services. However, taking up any of the below packages, tailoring a package to suit your needs or purchasing a 10 hour block of prepaid services for $650.00 will reduce the rate.

We will also charge the adhoc rate for services you requested we provide that are outside of the agreed scope of works which we include in our Engagement Letter based on our scoping session with you.

Our fees are listed below for packaged services. Most require deposit or full payment upfront unless otherwise agreed. We will follow up unpaid fees and stop work until fees are paid.

We review our pricing structure in September each year and reserve the right to increase our fees without warning. However, we endeavour to let all our clients know what our increase will be well in advance. 

Monthly Support Packages – from a minimum 4 hours per week – tailored to your needs – fees vary (average $1,200 pm)

We will tailor a package to suit your business requirements based on our scoping session either face to face (depending on location) or via Zoom. 

The package can include but isn’t limited to:

  • Data entry of accounts payable and receivable
  • Bank and credit card reconciliations
  • Payroll processing and reconciliation based on information you provide (per awards / contracts / timesheets provided by you)
  • Cross-match Project Management System re sales invoicing with Bookkeeping System to ensure debtors balance and fix up as required per your approval
  • Specialised Reporting for your business to ensure it is meeting its KPI’s including staff time vs billing, budget reviews
  • Project reporting such as profitability by way of analysing costs vs sales, tracking expenses for product development and building of stock
  • Other reporting such as bank or grant acquittals, tranche reporting, shareholding reports for high transaction share trading, inter-entity loan accounts
  • Wealth Management including reporting on related parties balances of bank accounts, credit cards, financing positions, stock portfolios. Capital raising reporting between related parties and third parties including loan and interest tracking, date of expiry and profitability of project/s    
  • ATO Integrated Client Account reconciliations
  • Bookkeeping Processes Manual tailored to your needs and our requirements
  • Quarterly Management Report
  • IAS / BAS Preparation
  • Process Superannuation (monthly or quarterly)
  • STP / TPAR / PSAR Reporting
  • and much more, just ask

Work requested & performed outside of the agreed scope will be charged separately and at the then current hourly rate. Payment by direct debit monthly in advance – using GoCardless. We can offer fixed fee pricing of your chosen package after 3 months based on the average time across those 3 months should this be preferred. 

Quarterly Business Activity Statement Review and Lodgement – $250 paid up front on invoice (up to 4 hours)

Do you do your own bookkeeping but want a professional to check the accounts, GST coding and lodge with the Tax Office? We can help with this.

We will:

  • Review account transactions and GST coding
  • Be in touch with you about issues that have arisen and request permission to make necessary adjustments
  • Ensure bank and credit card accounts balance to statements provided
  • Ensure wages payable accounts balance to nil after payments are reconciled
  • Provide Management Report to see how your business has been operating
  • Preparation of Business Activity Statement
  • Request documentation to assist us in reviewing and preparing your accounts and reports

If you lodge a monthly BAS, the same fees apply. Should work take longer than 4 hours or require services to be provided outside of the above scope, the work will be charged separately at the then hourly rate.

Monthly Instalment Activity Statement Review and Lodgement – $150 paid up front on invoice (up to 2 hours)

Do you need to report your wages and PAYG Withholding to the Tax Office monthly but would prefer a professional prepare and lodge? Then look no further.

We will:

  • Ensure wages payable accounts balance to nil after payments are reconciled
  • Preparation of Instalment Activity Statement
  • Provide interim Management Report to see how your business has been operating (may not be accurate if your accounts are not reconciled and reviewed for inaccuracies each month)

Should work take longer than 2 hours or require services to be provided outside of the above scope, the work will be charged separately at the then hourly rate.

Xero Conversion Reviews – $250 paid up front on invoice – 4 hours*

Have you converted your data file to Xero and want to ensure that everything has come through correctly? Have your staff changed the converted figures and balances are now out or seem a bit hinky?

We will:

  • Compare your accounts from the original data file (you will need to provide us access) to the converted data in Xero
  • Check settings have flowed into Xero
  • Review staff details
  • Review debtors, creditors and GST
  • Provide a report on any issues found and options to remedy

*Should the time to review take longer than 4 hours, we will be in touch to let you know where we’re at and why and seek approval to take more time to finalise and bill at the equivalent discounted hourly rate. Historically, the average is 4 hours except where staff have deleted data and we need to identify which information is missing for completeness.

Quality Reviews – 3 levels – paid up front on invoice

Have you set up your data file yourself and just want it checked over to ensure it’s correct? Are you concerned about the state of your accounts but don’t know where to start? Do you have (or had) staff that you aren’t completely confident in so want to check that things are ok? Do your BAS’s vary quite considerably from one quarter to the next and want to ensure the data isn’t made of fudge?

We offer 3 levels of reviews to put your mind at ease:

BASIC Review – $100

  • Review General Settings
  • Review Financial Settings
  • Review Bank / Credit Card Balances
  • Email a list of issues found & options to remedy

STANDARD Review – $150

  • Review General Settings
  • Review Financial Settings
  • Review Bank / Credit Card Balances
  • Review Chart of Accounts
  • Review Account Transactions, GST coding
  • Provide a report listing issues found & options to remedy

PLUS SIZE Review – $250**

  • Review General Settings
  • Review Financial Settings
  • Review Bank / Credit Card Balances
  • Review Chart of Accounts
  • Review Account Transactions, GST coding
  • Review Payroll Settings
  • Review Assets, Hire Purchase Liabilities and other financing accounts
  • ATO Integrated Client Account Review
  • Provide a management report listing issues found & options to remedy

**Should the time to review take longer than 4 hours, we will be in touch to let you know where we’re at and why and seek approval to take more time to finalise and bill at the equivalent discounted hourly rate. Historically, the average is 4 hours except where staff have deleted data and we need to identify which information is missing for completeness.

Cleaning Services – $70 per hour*** with 50% deposit of estimated fees or 10 hour blocks for $650****

Are you behind in your bookkeeping and/or ATO obligations? Are your accounts a mess and need a clean up?

Good news! We can help relieve your worries, stresses and anxieties.

In fact, we love this kind of work as we find it fun. Yes, we know we’re weird.

***We charge $70 per hour – discounted from our $80/hour ad hoc rate. However, we require 50% deposit of the estimated time to clean up the accounts. We will be in touch if we reach 80% of the budgeted time allocation to let you know where we are at, seek approval for additional time and request payment for the additional hours should they be required. We will invoice the remaining balance upon completion.

****You can also prepay 10 hour blocks at an even greater discounted rate for $650 so you know exactly how much time you are getting. We will also be in touch at 80% of the 10 hours should we need additional time to complete the work above the 10 hour block and invoice at the same discounted rate for those additional hours.

Adhoc Fees – $80 per hour

For those that require irregular accounts work or consulting.

This can include mapping your current financial processes, identifying bottlenecks and provide options to streamline them. We can assist in defining KPI’s for staff, project and profitability reporting, review your software requirements, review your software integrations, review your wealth management systems, bank and grant acquittals, anything listed in the monthly support package and much more. 

Contact us on 0447 930 507 or admin@nationwidebas.com.au for more information, discuss your requirements and arrange a complimentary 30 minute scoping session.