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This glossary was written to help provide understanding on what services a Bookkeeper can provide.
It is intended to assist those seeking the services of a Bookkeeper to understand what services they need assistance with.
It is worth noting that Bookkeepers do not provide all the services outlined here.
Term / Service |
Definition |
|
ACC Level Management & Advisory |
Reconciliation of ACC levies for Company/individuals |
|
Accounts Payable |
The entering of data into an accounting programme, coding based on documentation provided by client |
|
Accounts Receivable |
The entering of data into an accounting programme, coding based on documentation provided by client |
|
Bookkeeping Training |
Providing training on the processing of information into an Accounting programme and general administrative duties |
|
Business Development |
Discussions around development of internal processes and procedures - Professional advice not provided |
|
Business Planning |
Discussions around development of internal processes and procedures - Professional advice not provided |
|
Debt collection |
Management of communications to Debtors and reporting findings |
|
End of Year Financial prep |
Preparation of Accounting programme and reconcile of G/L based on source documents |
|
FBT |
Preparation and filing of FBT based on information provided by client |
|
Forecasting and Budgeting |
Assistance of preparation of forecasting/budgeting based on information provided by client for client use only. |
|
Foreign Currency Transactions |
Reconciliation of Currency transactions based on information provided by client |
|
GST Return Preparation |
Preparation and filing of GST based on information provided by client |
|
IT support/services |
Liaising and assisting with basic IT support (or third party provider) |
|
PAYE |
Preparation and filing of FBT based on information provided by client |
|
Payroll |
Preparation and filing of wages for staff based on legislation |
|
Monthly financial reporting |
Preparation of reportings generated from Accounting programme and other software for client use only. |
|
Software Advisory |
Training with add on packages to ensure clients requirements are met (not including Private API development etc) |
|
Software Consulting |
Training with add on packages to ensure clients requirements are met (not including Private API development etc) |
|
Software Implementation |
Assist with set up of standard add on package, based on client needs (setting adjustments etc) |
|
Software Training |
Training of standard add on package, based on client needs (setting adjustments etc) |
|
Stocktake Assistance |
Assistance with the manual counting of stock, including inputting into software and reconciliation. |
|
Tax returns |
Preparation of, and filing of tax returns for clients based on information provided by client. |
