Small Business Accountant
Campbelltown and Parramatta
Are you looking for a small business accountant in Campbelltown or Parramatta?
Do you need an accountant that speaks plain English?
Davis Accounting is passionate about accounting and can help you with all your accounting needs.
Whether you are just starting out or want a fresh set of eyes on your business, we are here to help. With years of experience in accounting, Taxation and Self Managed Super Funds
CAMPBELLTOWN AND PARRAMATTA ACCOUNTANT
- Financial statements
- Management accounts
- Cashflow statements and forecasting
GST ACCOUNTANT
- BAS preparation and lodgement
- ABN & GST registrations
- GST advice
- GST on property transactions
- Special GST rules
OTHER ACCOUNTING SERVICES
- Business structuring
- Business planning
- Benchmarking
- Tax and superannuation strategies
- Payroll Tax
- Single Touch Payroll
- Fringe Benefits Tax
- MYOB setup and training
- PAYG preparation
- Long service leave for
- Building and Construction Industries
- Cleaning Industry
Davis Accounting is a Small Business Accountant, SMSF, and Tax Accountant
Servicing Campbelltown and Parramatta
FAQs for Small Businesses looking for help with Accounting!
What is the difference between financial accounting and management accounting?
Financial accountants handle statements, bills, and financial concerns outside of the company whereas management accountants help a business manage their internal financial affairs, such as taxes.
What does an accountant do?
Accountants prepare financial records and ensure that they are correct. They prepare taxes, making sure your company’s finances comply with the law, and provide financial advice.
What is the difference between a bookkeeper and an accountant?
A bookkeeper is a type of accountant. They begin accounting transactions and turn them into fiscal statements. It is more of an entry-level position.
What is IFRS?
IFRS is the International Financial Reporting Standards. It’s used all over the world except in the United States. In the US, the standards are referred to as GAAP (generally accepted accounting principles).
What is a CPA?
CPA is a Certified Public Accountant. They can prepare financial reports, help to make sure that taxes are filed correctly, and do financial planning.
What is a Tax Accountant?
Tax accountants specialise in taxes and help individuals deal with the Australian Taxation Office.
Is it a requirement for a small business to have a CPA?
No, it is really up to the company whether their accountant is a CPA or not. Sometimes they are needed to help prepare for qualifying for a bank loan or other specific requirements.
What is SMSF?
SMSF stands for Self-Managed Super Fund. It’s a trust fund for your retirement.
What is GST?
GST is the Goods and Services Tax
What is the meaning of equity?
Equity is your net assets – the difference between what you have and what you owe.
What are accruals?
Accruals are adjustments made on financial statements for revenues and expenses that have been acquired but not yet recorded in the accounts.
What is the difference between stocks and bonds?
Stocks represent owning a piece of a corporation, whereas bonds are a form of long-term debt which the corporation (or government) will pay in the future. Both can be traded on stock and bond exchanges.
Is there a difference between an expense and an expenditure?
An expense is a cost needed in order to earn revenue and is reported on the income statement for a certain time period. Examples would be inventory costs, advertising, salaries, and rent. Expenditures are payments for long-term assets, such as purchasing land or a building, or a reduction in a liability.
What is the accounting cycle?
An accounting cycle is all the steps necessary to complete financial statements and make reports.
What is payroll accounting?
Payroll accounting incorporates all of a company’s compensation for employees. Calculations include gross wages, bonuses, commissions, payroll and other taxes, insurance, and savings plan withholdings, etc.
What is the cash flow statement?
Cash flow statement is also called the statement of cash flows. It reflects the amount of cash received and paid, listing the reasons for the changes in cash reported on the balance sheets during an accounting period.
What is ERP?
Enterprise Resource Planning is a database software package that integrates all of a company’s information such as marketing, human resources, manufacturing, etc.
What Areas Do You Service
We are Parramatta and Campbelltown Accountants. We provide friendly, helpful tax advice to small businesses and individuals in these areas.