Accounting & Bookkeeping for Online Business.
Starting an online business can be seemingly simple to start with. All you have to do is to set up an account in an online selling platform, take pictures of your products, upload them on Ebay, Shopify or Etsty and you are good to go. The real challenge on your online business, however, is found on how you manage it on a daily basis and keep track of its performance.
FreeMyCloud is your to-go place for accounting and bookkeeping services in Australia. Our company offers wide range of solutions from the initial set-up of your accounting software to filing tax returns to the Australian Tax Office
Cash flow is surely the main concern of any entrepreneur like you. Here at FreeMyCloud, we offer alternative means of seeing the flow of cash in your business. We can assist you with monitoring how much money goes in and out of your bank and how are you able to fund your operations. We can also help you with the bank reconciliation and compare your accounting books versus the bank statement.
Sales is the lifeblood of your online business. We understand this concept very well. So while you are working on boosting your sales and keeping up with the competition, our team will help you in properly accounting them. All you have to do is to send us scanned copies of your invoices and we will be in charge on its recording.
Got an order online but not sure if you can still accommodate it? We got you covered. Our team can provide you with data of your inventory status through the help of our accounting software. With this, you will never run out of stock and miss a customer. Likewise, you are able to study and analyze the current trend on which items are popular among your clients and which are the least favorite. From this, you are able to determine the basis for your online promotions.
Increasing your sales is not enough. You also have to lower your expenses to earn more. Our accounting and bookkeeping team can help you monitor where you spend the most so you can work on them. We can also help you with paying your taxes to the Australian tax authority and advise on how much you should allocate for your Business Activity Statements (BAS). We can also assist you with setting up Pay As You Go (PAYG) application so you’ll be able to pay your expected tax liability by the end of the year on an instalment basis.
In as much as increasing your online presence is significant to being successful in the online world, maintaining the administrative and accounting part of your business is as equally important. Save a lot from outsourcing your accountants and be free of the unnecessary stress by availing our services. Schedule an appointment with us now so we can discuss how we can help you with your accounting and bookkeeping matters.