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SINNOTTS Accountants has been independently owned and operated for almost 70 years.
Employing 10 local staff at its Warrnambool, Port Fairy, Camperdown and Colac offices, the firm has added two locals to the Warrnambool team, Megan O’Dowd and Brendan Greene. Megan and Brendan have had a range of experience and know what local businesses require from their accountant.
This tax season, staff will be asking businesses the following questions:
■ Is it important to know how much money you have in your business bank account?
■ Do your spreadsheets/software allow you to see how much money you have in your bank account?
■ During the course of a month, how long do you spend doing your bank reconciliation?
■ Have you ever sent an invoice to someone who owes you money and they have turned around and said, “I didn't get your invoice.”?
■ Has your accountant or bookkeeper ever asked you to provide them with your receipts or invoices?
■ How long does it take you to process your super payments?
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Sinnotts Accountants makes these taxation procedures easier for clients with the Xero accounting system.
“It provides you with online accounting software that eliminates inefficiencies and enables us to provide proactive advice based on live data,” Sinnotts director and senior accountant Murray Whiting said.
“All of our accountants are Xero-certified so we can offer you the best service. Both you and I can see how your business is performing at any point, at any time.”
Xero also allows you to invoice clients from your smart phone or tablet while on the job, or check inventory pricing and availability to issue quotes.
“As it is cloud-based accounting, there is no need to do yearly updates or backups - it is automatic.”
Individuals can also use the Xero program to keep track of their personal cash flow.
“We get so many clients coming in to do their personal tax and wondering where all their money has gone,” Mr Whiting said.
Phone 5557 3337 or visit www.sinnotts.com.au.