The team at FirstLink has always supported us from inception with our initial company registration providing practical and knowledgeable advice to guide us during the startup process. Fast forward to present – They provide us with both accounting and business advisory services. We feel comfortable and at peace knowing that we can call on Richard and his team at any time day or night to deal with any complex accounting, legal, human resource or business challenge that we’re going through.”
Outsourced Accounting Firm
Is maintaining your books overwhelming?
Most Start-Ups and SMBs struggle with their monthly bookkeeping. For a Start-Up doing the bookkeeping themselves can be a time-consuming process. While SMBs struggle to come to terms with the cost of hiring a full-time bookkeeper. Regardless of size, businesses need access to up-to-date and accurate financial information. It is needed not only as a legal requirement for tax filings but also for making sound business decisions and identifying potential red flags. Simply put, it is not feasible to remain in control of your business finances if you don’t know what’s going on. As a result, many SMBs seek to hire an outsourced accounting firm to handle their books.
What's the Accounting Solution?
Without a proper bookkeeping and accounting system, a business will most definitely crash and burn. As an outsourced accounting firm, we offer a flexible range of solutions to outsource part or all your bookkeeping from data entry, payroll and bank reconciliation to more complex tasks such as VAT returns, preparation of
management accounts and audit schedules. Our outsourced accounting solution includes:
We assist with the set-up and customization of your accounting software as well as staff training.
We enter and categorise your monthly bills and receipts based on your chart of accounts.
We provide monthly adjusting journal entries to ensure your accounts meets international financial reporting standards.
We calculate your employee’s salaries and remit statutory deductions to the various tax authorities.
We reconcile your bank and credit card accounts every month.
We maintain a register of all fixed assets purchased and disposed by the business.
We keep track of what your business owes to vendors and suppliers.
We keep track of which customers owes your business and how much.
We conduct periodic stock counts to assist in your cost of goods calculation.
We calculate and file your bi-monthly Value Added Tax (VAT) returns.
We prepare monthly management accounts consisting of income statement, balance sheet and cash flow statement.
We help prepare supporting documents and schedules for your external auditors.
Need our help for your Business?
Benefits of Outsourced Accounting Firm
FirstLink take care of your bookkeeping by recording all transactions and reconciling your books, so you can spend more time doing the things you love. Our bookkeeping solution provides the following benefits:
Better Financial Insights
We provide access to real-time information on the financial performance and position of your business from anywhere in the world using a computer, tablet or phone.
Go Paperless Accounting
We eliminate the need for paper-based bookkeeping using our cloud-based document management software which keeps a record of all your bills and receipts electronically in a searchable PDF format.
Save Time & Money
We eliminate the overhead bookkeeping costs associated with salaries, payroll taxes, employment benefits and office equipment. In addition, we save your business valuable time which can be redirected to core income generating activities.
For us, what distinguishes FirstLink from the many accountants we’ve dealt with in the past is their adoption of modern technology to reduce the tedious and administrative processes and their focus on providing clients with not only accounting services but value added advisory and consulting services. As business owners, we’re not necessarily savvy in finance or legal, however, we can always depend on FirstLink for any issue we are facing. We feel like the relationship with FirstLink is more partners for life as oppose to just a client – accountant relationship.
The team at FirstLink introduced our business to Xero accounting. It has given us a lot more control over our financial information and for non-accountants; it is extremely easy to use. The Xero Mobile App easily allows us to send invoices to our customers on the go and tracks when the invoices have been viewed by them. I would definitely recommend Xero and FirstLink to anyone looking to implement cloud software to gain real time financial information to improve their business.
Running a business can be a nightmare. Whatever can go wrong will go wrong. However, Richard, Aaron and the team at FirstLink have always been and continue to stay right by my side to provide their professional guidance and advice for every obstacle that we’re faced with. It’s a comprehensive service which is both personal and supportive of my business requirements whether its accounting, tax, human resource or industrial relations disputes.
Richard’s support and professionalism are a pillar of reliability and dependability. We trust totally his guidance and know all is confidential. Any company that he is part of has our complete support. It is without hesitation that I endorse him and FirstLink to anyone seeking professional and honest business advisory support whether accounting, human resource or legal.