WELCOME TO VITAL ACCOUNTS

MORE THAN NUMBERS,
MORE THAN BOOKKEEPERS

Award Winning Bookkeeping and Small Business Support Services for Trade, Construction and Field Service Businesses.

Time Saving

Efficient processes and expert handling to save you time, letting you focus on growing your business.

Cost Effective

Optimize your budget with our affordable and efficient accounting solutions.
OUR SERVICES

Real Bookkeeping Services For You

Experience genuine accounting and bookkeeping solutions tailored to your unique business needs. Our team of professionals is dedicated to providing accurate, reliable, and comprehensive financial services. From bookkeeping and payroll to project and job tracking and advisory, we ensure your business stays on track.

Bookkeeping

Manage accounts expertly. We keep your file reconciled, up to date and accurate recording of transactions, focus on business success with tailored solutions.

Payroll Services

Ensure payroll is processed on time everytime. Our team will ensure payroll is accurate with correct PAYG Withholidng and Superannuation.

Compliance

Ensure regulatory adherence with our straightforward solutions for operational integrity and peace of mind. From Superannuation, WorkCover to Payroll Tax.

BAS Services

Working with a registed BAS agent, we will ensure your BAS is lodged accurately and ontime with the ATO.

Advisory

Receive expert guidance and strategic advice tailored to your business goals for informed decision-making.

Project Tracking & Budgeting

Efficiently monitor projects and manage budgets with our streamlined tracking and budgeting solutions.
Software Implementation and Training Icon

Software Implementation and Training

Efficiently implement and train your team on new software to enhance productivity and streamline operations.
FAQ

The Common questions

Our most frequently asked questions are answered here to help you understand our bookkeeping services better.

We work with all software providers however we specialise in Xero, As Gold Partners, we love Xero! Our team is highly skilled in Xero and the apps that integrate with the software such as Service M8, Buildxact, PayApps just to name a few.

Specialising in one software allows us to provide the best solutions and support our clients. 

 

Due to the varying complexities of businesses and their requirements, we provide a custom bookkeeping package tailored to your business needs and overall cost of bookkeeping services. For example, a sole trader’s bookkeeping needs will differ greatly from a builder with multiple staff running multi million dollar projects.

We offer a complimentary one-hour consultation to discuss your business needs and identify ways we can help you to grow your business. Once we have a strong understanding of your business and expectations, we can discuss a package that suits.

A BAS Agent (or Business Activity Statement Agent) is authorised to prepare and lodge BAS returns on your behalf and provide advice on BAS-related items, such as your day-to-day business taxes (GST and PAYG). Any bookkeeper who wishes to provide a BAS service for a fee (for example BAS preparation/lodgement), code expenses and provide bookkeeping services where decisions are made in relation to GST, must be registered as a BAS Agent.

This has been in place since 1st March 2010 and is a fantastic system because it provides protection to businesses and individuals who don’t have a strong understanding of BAS processes and are seeking the services of a bookkeeper. A BAS Agent must renew their registration annually which includes satisfying certain criteria, such as being a ‘Fit and Proper Person’, being up to date with personal tax returns, completing the necessary number of hours of recognised training, and having the appropriate Professional Insurance Policy in place.

As a registered BAS Agent, we are more than happy to provide our registration numbers for verification to our clients, potential clients or our client’s accountant.

All our team work from our office located in Briar Hill Victoria.

Being a small business owner can be an incredibly awarding experience. However, running your business can be stressful enough without trying to understand and maintain your books! It is generally an area that small business owners don’t like, but must be responsible for.

One of our key roles as bookkeepers is to take the stress and pressure away from small business bookkeeping, allowing individuals to spend more time on what they are passionate about: their business!

We also help in understanding the projects you are working on, your margins and charge out rates. Looking at your direct costs and operating expenses within the business.

But having a bookkeeper is about more than just saving time. A good bookkeeper is like having a built-in business coach, someone you can build a relationship with. They will take care of all the “boring” stuff while educating you on the picture behind your numbers so you can make better informed business decisions. Bookkeepers can help you to understand the ongoing costs of running your business, what your cash flow situation looks like and if you are really making a profit.

 

Absolutely! Today’s cloud accounting capabilities were designed to make life easy. Your bookkeeper can manage your books remotely, but you can also access your own real-time data, financial information and reports. You will always have access to the information you need to make business decisions on the go from anywhere, anytime, on any device. This is so valuable for all you busy entrepreneurs!

One of our personal favourite bookkeeping software apps is Hubdoc which allows small business owners to capture a receipt by taking a photo with the app (or forward items to your Hubdoc email address). The app will extract key information from the submitted document and can be published to your cloud accounting software for the bookkeeper to sort.

What does this mean? Basically, no more shoeboxes full of receipts! Say goodbye to pesky piles of paperwork you don’t understand and embrace a paperless business. We’re experts in multiple accounting software platforms and apps. We can help you choose, setup and train on the most suitable for your business.

Create time for your business

Focus on what you are good and we will take care of the numbers

Keep you compliant

As a small business owner, you’ve got enough to worry about without having to stay up to date with all the legislative compliance changes. We are up to date with the latest legislation and requirements.

Teach you about your business numbers

Empower and educating our clients to understand their business and the numbers, make informed and educated business decisions.

Get time back with your family

 

What do bookkeepers do on a day-to-day basis? The answer is most likely “more than you might think!” The Vital Accountss handle all aspects of bookkeeping and more, including:

  • Setting up or streamlining current systems

  • Recommending and setting up bookkeeping software

  • Data entry (NOTE: it is impossible to complete data entry without also being involved in determining tax codes and therefore the allocation of GST which requires tax invoice documentation)

  • Expense Tracking

  • Invoicing & Receipt Management

  • Transactional Checks & Bank Reconciliations

  • Accounts Payable & Receivable

  • Online Banking

  • Calculating GST

  • Cashflow Management

  • Budgeting

  • Compliance & Reporting

  • Payroll, Awards and Superannuation changes

  • BAS Agent Services (IAS, BAS Preparation & Lodgement)

  • Taxable Supplier Payments (TPAR)

  • EOFY Processing

  • Management Reports

  • General Business Administrative Support

  • Business Planning

  • Profit & Loss Reporting

  • Keeping educated on the industry, compliance, best practice bookkeeping and any changes that may affect clients

  • Keeping up to date with legislative requirements (so you don’t have to!)

Bookkeepers can also provide clients with insights on business opportunities and potential financial issues that they may not have been able to see. Most often the bookkeeper will be happy to sit down with clients and explain their numbers (without the financial jargon) while delivering accurate and timely bookkeeping services.

For us at Vital Accounts it’s about so much more than bookkeeping and we always strive to go above and beyond for our clients.

Bookkeeping is “the process of recording, analysing and interpreting the financial transactions of a business or individual.” Vital Accounts aims to go further than this to partner with and educate our clients on their business, systems, operations and results.

A good bookkeeper can be a huge asset to your business as they have the knowledge, experience and passion to manage your records accurately. Most importantly, they provide you with an important insight into your business’ operations and profitability.

Bookkeeping and accounting are often assumed to be the same profession. This is not the case!

Both are extremely important for every business, especially when used together. While bookkeeping is responsible for the recording of financial transactions, accounting is responsible for interpreting and analysing the financial data.

A bookkeeper will be the person who assists you with the ongoing financial recording, transactions, compliance and lodgements that keep your business running smoothly. Your accountant will be the person who analyses the data produced by your bookkeeper to minimise your taxation and make recommendations. Accountants have a strong understanding of tax law & requirements and will be best to assist in this area.

Instead of perceiving a “bookkeeper vs accountant” situation, it is important to understand that your accountant and bookkeeper work best together to serve the financial requirements of your business. At Vital Accounts, we focus on working closely with our clients chosen accountant.

ABOUT COMPANY

Meet Our Team

We have an awesome dynamic team of number-crunching innovators with a background in trade and construction. We’re dedicated to supporting business owners and enhancing work-life balance. By deeply understanding your business, we provide tailored solutions for pricing, job costing, and expense tracking, all while keeping you on budget. As Xero Gold partners, we leverage 100% cloud-based technology and apps to streamline your processes. Whether you aim to boost profits, save time, or reduce ATO stress, Vital Accounts is here to assist.
OUR BLOGS

Latest Blogs & News

Stay updated with the latest insights, tips, and news in the world of bookkeeping and financial management. Our blog features expert advice, industry updates, and helpful resources to keep you informed and ahead of the curve.

It’s Time Management Tuesday at Vital Accounts

The number one problem for most of our clients is lack of time, as a business owner you may be frequently interrupted or pulled in different directions and end up bogged down in unfinished tasks and admin, and often end up missing out on precious personal time. While you cannot eliminate interruptions, you do get […]

Increase Your Chances Of Success As A Tradie

It’s ok – during your apprenticeship, you probably didn’t study how to improve your interpersonal skills, or develop marketing strategies, do bookkeeping and administration, or manage complex HR issues ! As a tradie you are running your own business, so if you want to become more successful you should start understanding the core business skills […]

Our Top 10 Bookkeeping Tips

1. Separate business and personal finances. Co-mingling expenses and income is a common mistake in small business bookkeeping — and one that will cause huge headaches for your business in the future. Open a business bank account as soon as you decide to go through with your start-up, and get a separate business debit/credit card. […]

How to grow your customer base and stand out from the crowd

Being a Tradie means not only doing the job that you are hired to do, it means running an entire business from the accounting department, to marketing and sales. With so many priorities, growing your business and standing out from the crowd is a real challenge. Although price matters, it is not the only tool […]

Strategic Planning for 2023

Strategic planning is the process of defining a company’s direction and making decisions on allocating its resources to pursue this direction. It involves setting goals, analyzing the competitive environment, and identifying external and internal factors that are favorable or unfavorable to achieving those goals. The strategic planning process is a systematic and logical approach to […]

What Should Your Employee Payroll Records Include?

As a business owner, part of the job is managing a lot of different records. From tax records to accounting records, it can be quite a bit to keep up with. And when you hire employees and become an employer, it adds employee payroll records into the mix. Read on to learn all about payroll […]

What Our Customers Say

Discover how our bookkeeping services have transformed the financial management for businesses like yours. Our clients appreciate our dedication to accuracy, reliability, and personalized service. Read their testimonials to see how we can help streamline your finances and support your business growth.

Simon J

By far the best book-keepers in the business, Alicia, James and the team make running a small business easier than you would expect it to be.

Brad S

Amazing work by James, Sheridan and the crew at Vital Accounts. They have an amazing work ethic, great knowledge and a good way of simplifying what is normally a frantic and busy back end of any business. Thanks very much, would not go anywhere else!

Lisa M P

A+++ Service from the team at Vital Accounts. As a busy business owner and Mum these guys have taken the stress out of payroll and bookkeeping.

Let us sort out your bookkeeping

Whether your looking to improve profits, reduce time on the books and the tools, or just forget about ATO stress, the Vital Accounts team can help.
© 2024 Vital Accounts. All rights reserved.

Website Designed by Section Media