Keeping and maintaining good records of transactions and tax invoices is a legal requirement for all businesses. The ATO requires businesses to keep records for a minimum of five years. It is essential to have a proper system in place to maintain records. Setting up a good record keeping processes will help a business work efficiently and stay compliant.
Using the power of Cloud Technology, we will help you set up an efficient, paperless record keeping system, which syncs automatically to your online accounting software. Evolution Cloud Accounting is partner with Hubdoc, a powerful cloud based receipt and document management software to help you streamline your record keeping.
Hubdoc is the smarter way to manage receipts, not only by eliminating manual data entry but also replacing the need to store hard copies with digital storage. You can effectively manage all documents types in Hubdoc, including:
Once uploaded, Hubdoc also automatically extracts the data for you, saving you data entry time. Finally, it seamlessly syncs transactions to Xero with the document attached. Transactions are then auto-matched to the bank feed for one-click reconciliation and audit-proofing. Say good bye to paper filing and hallo to an efficient online filing system, seamlessly integrated with your online accounting software (Xero).
Hubdoc and Xero Video.
Once your documents have been uploaded to your accounting system, we can help you set up and manage a cash flow-efficient payable system.
As your bookkeepers, we will help you manage your payables to ensure your bills are paid by the due date whilst your cash flow remains positive at all times. Stay on top of your payables will also help you build great relationships with your suppliers. We will:
We are located in Bondi (Sydney) and thanks to cloud technology we can service clients across Australia.
Click here to view our Bookkeeping or Set Up and Go packages.