Small Businesses

Goodwill prepares accounts for all types of business entities, including:
• Individuals
• Partnerships
• Limited Liability Partnerships
• Private Companies
• Public Companies
• Charities
• Not for Profit Organizations
• Self Managed Superannuation Funds
• Trust Accounts
• Unit Trusts
• Government Funded Agencies


Invoicing & Receivable management
Our invoicing and Receivable management services are designed to provide the efficient use of the working capital by providing the invoices to customers /clients on instant basis, and ensuring they pay well before the due date so that cash inflow is maximized.
• Credit control processes and systems implemented where required.
• Invoice information received from sales orders, job sheets and processed on a daily, weekly or monthly basis depending on the volume and nature of the business.
• Invoices printed and dispatched along with goods or post sale, service invoices issued on pre set time.
• Account Statements provided on periodical intervals.
• Simplification of documentation and information so that easily filed and retrieved for inquiries.
• Payments received, banked and allocated to invoices outstanding amounts systematically followed up and noted by phone, email and snail mail.
• Critical accounts regularly reviewed with management for instructions and managed through to legal solutions where necessary.
• Weekly Receivable management report for the owner to review the outstanding status.

Working Capital Management and Reporting Service

Our Working Capital management and reporting service is designed to keep our clients fully informed of about the actual and budgeted cash flow and bank positions at any time.
• Ensure instant processing of receipts banked or payments made encourage the customers to direct transfer instead of cheques payments.
• Reconciliation of bank statements and merchant accounts.
• Electronic funds transfer.
• Every day cash flow templates.
• In case of multi currency advise about the minimizing the risk of exchange fluctuation.
• Regular bank, debtor and creditor reports to monitor cash flow status.
• Setting up the payment gate way facility for the high volume low value customers.
• Preparation of Budgeted cash flow to analyze the actual.
Payroll is very pivotal function but not a permanent till company hired certain number of employs. We will make sure that all payroll rated issue be dealt with maximum efficiency so there is not impact on business on day to day operations. We are providing following specialized services in payroll function with very competitive rates:
• Record keeping of payroll.
• Update records of Leave, long service leave and other payroll events.
• Payroll advice and relevant reports.
• Electronic funds transfer to all beneficiaries.
• Calculation of PAYG liabilities, super, work compensation and other statutory obligations.
• Preparation and finalization of Fringe Benefit tax computation.

Business Compliance Advices

For small and medium business compliance always the biggest challenge, what is happening and how it will effect day to day or monthly or yearly requirements We will make sure that these challenges are identified correctly based on business situation and right guide line provided to identifying the impact and resolutions, like:
• Statutory accounts.
• Business activity statements.
• Employee Superannuation.
• Work cover requirements.
• Preparation of accounting software.
• Implementing of accounting software.
• Business insurance cover.