Bookkeeping and Payroll Support

Bookkeeping Done Well Is Invisible

Bookkeeping done well is invisible. The accounts reconcile, the payroll processes correctly, the BAS figures are accurate when needed, and the business owner has a clear picture of their financial position at any time. Bookkeeping done poorly creates compounding problems that typically surface at year-end.Linix Accountants provides ongoing bookkeeping and payroll support for small businesses in Sydney from the Alexandria office.

Details

The practice uses Xero and MYOB and works with clients on both a full-service basis and a review basis where Linix checks and corrects client-prepared records on a regular schedule.Bank reconciliation is the foundation of accurate bookkeeping. Every transaction in the accounting system needs to match a transaction on the bank statement. Outstanding debtors that are not monitored become bad debts.Payroll processing requires correct application of award rates, superannuation obligations, PAYG withholding, and Single Touch Payroll reporting to the ATO.

Additional Information

The superannuation guarantee rate and the minimum wage are subject to periodic change, and payroll that does not update for these changes generates underpayment liability.

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Frequently Asked Questions

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Linix Accountants in Alexandria provides bookkeeping and payroll support services for small businesses across inner Sydney. The practice is based at Unit A1, 35-39 Bourke Road, Alexandria, a short distance from Redfern, Waterloo, Surry Hills, and Rosebery. Linix uses Xero and MYOB and provides both full-service bookkeeping and bookkeeping review services.

Linix Accountants in Alexandria provides payroll support for small businesses across Sydney, including processing pay runs, calculating superannuation contributions, managing PAYG withholding, and handling Single Touch Payroll reporting to the ATO. Linix updates payroll calculations when the superannuation guarantee rate or minimum wage changes to keep clients compliant.

Single Touch Payroll is the ATO's system requiring employers to report payroll information including wages, PAYG withholding, and superannuation to the ATO each time payroll is processed rather than at year end. All employers in Australia are required to use STP. Linix manages STP reporting as part of its payroll support service, ensuring each pay run is reported to the ATO on time.

Accurate bookkeeping shows in a clean bank reconciliation with no unreconciled items, a debtors ledger that matches outstanding invoices, a creditors ledger that matches unpaid supplier bills, and GST figures that reconcile to source transactions. If your BAS figures do not match your accounting software or your bank balance does not reconcile, the bookkeeping has errors that need to be identified and corrected.

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Linix Accountants in Alexandria operates on a transparent fixed-fee pricing structure for all services including bookkeeping. Fees are agreed upfront rather than billed on an hourly basis, removing the uncertainty of open-ended billing and allowing clients to budget for accounting costs with confidence.