Financial Reporting

Cooper G

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About this service

Summary

I'm a detail-oriented external auditor. Focus on streamlining accounting processes and simplifying reporting to help businesses achieve financial clarity.

Process

1. Initial Consultation & Onboarding
- Understanding Client Needs: In-depth discussion about the business's current financial processes, pain points, and goals.
- Scope of Work: Develop a clear agreement on the specific bookkeeping services required (transaction recording, reporting, reconciliations, etc.).
- System Setup (if needed): Assist in selecting or optimizing accounting software (MYOB, Xero, etc,) and tailoring the Chart of Accounts for the client's business.
2. Workflow Analysis & Optimization
- Process Mapping: Document existing workflows for handling invoices, receipts, expenses, and other financial transactions.
- Improvement Identification: Analyze workflows to pinpoint inefficiencies, bottlenecks, and areas for simplification.
- Develop Streamlined Workflows: Propose streamlined workflows with clear responsibilities and the potential for automation.
3. Bookkeeping (ongoing)
- Data Entry & Categorization: Accurately record transactions in the agreed-upon accounting software.
- Reconciliations: Regular bank statement reconciliations and account balance checks to ensure accuracy.
- Financial Reporting: Generate monthly/quarterly statements (Balance Sheet, P&L, etc.) customized to the client's needs.
4. Insights & Communication (ongoing)
- Proactive Insights / Advice: Highlighting trends behind numbers, potential issues, or areas for improvement.
- Regular Communication: Maintain open communication channels with the client to discuss financial reports, answer questions, and address concerns.
- Process Review: Periodically review workflows and reporting with the client to adapt to changes in the business and maintain efficiency.

What's included

  • Financial Reporting

    Accurately categorized and reconciled transactions in the accounting software (MYOB, Xero, etc.). Preparation of essential financial statements, including: - Balance Sheet - Profit & Loss (Income) Statement Organized Financial Documentation: - Organized digital filing system for receipts, invoices, and bank statements. - A clear reference guide to the filing system for the client and their team if applicable. Tax: While I am not a tax agent, the reports I provide are designed to simplify tax preparation by summarizing income, expenses, and additional information (e.g., BAS, payroll summaries, etc.).

Skills and tools

Accountant
Auditor
Bookkeeper
Microsoft Excel
Quickbooks
Xero

Industries

Accounting

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Accounting Consultant

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