02 9212 1344

02 9212 1344

FAQ

Know the answers to your most-asked questions about our accounting services here.

What is the importance of accounting services?

Attaining financial success and freedom is made possible with accounting services. It helps your business keep track of your income and expenses and ensure that the decision that you are making is compliant to the laws and regulations.

Also, accounting services maintain a systematic record of your day to day business operations through up to date and consistent records. 

So if you are searching for an “accounting firm near me,” always check how the company performs and the years of expertise they have attained through visiting their website or checking on their customer feedback section.

Who needs accounting services?

Everyone who needs accounting can avail any type of services. To achieve an organised financial record, it is ideal that you invest in a reliable firm that will help you in your business growth. To best put it this way, ask yourself the following questions to determine if you really need to avail an accounting service in the first place.

  • Am I having trouble setting up my accounting system?
  • Can I maintain the financial records of my business on a timely basis?
  • Do I have enough time to audit my business’s books and statements?
  • Will I be able to maintain and achieve my financial goals at the same time?
What software applications do we use?

LMY Consulting Pty Ltd uses these applications for most of the accounting services that we offer. We primarily use Xero, Handisoft, Simple Fund 360 and MYOB. These are cloud-based software that are best used in document filing and other financial accounting tasks.

Xero connects small and medium sized businesses to keep the records tidy and make accounting compliance a breeze. Handisoft, on the other hand, is a powerful accounting software best for compliance and practice management to all firms of all sizes. As for Simple Fund 360, the management of SMSF is efficient and reliable. And with MYOB software, bookkeeping, tax, and accounting is made easier.

That said, you can expect a high quality accounting service based on your business needs with our available accounting software.

What accounting services best help your business?

There are a number of services that you can outsource from many accounting experts in the field. As for LMY Consulting, we have a wide range of services that you can avail to best level up your business. These services include tax & accounting, payroll, bookkeeping, and business advisory tax and structure planning. We also offer SMSF and estate planning services for individuals who are having trouble with their personal financial management. Our high quality services will best help your business when it comes to accounting and such.

So if you are looking for the best accounting services that will help you achieve financial freedom and success, schedule a financial consultation today.

How do I choose the best accounting service firm?

It is a challenging process to find an accounting firm to help keep your finances intact. You need to do some research for you to decide whether they are the best choice for the job. By that, you need to check what the accounting firm can offer to you in the long run.

When you search for “business or tax accountant near me,” you need to look for the following things: specialties, fees, certification, level of service, availability, goal setting and the audit support. When you are able to find these criteria to an accounting firm, you can be sure that you are choosing the right option.

How does accounting help your business?

Investing in an accounting service is the best way for your business to maintain accurate and up to date financial reports and statements. It basically helps you track income and expenses, and be used as a primary source of making business decisions. Here are the reasons why financial accounting can greatly help your business in the long run.

  • Evaluate the business performance
  • Ensure statutory compliance
  • Improve and manage cash flow
  • Create budget and future projections
  • Help in filing financial statements
  • Reduce workloads for day to day operations

With a reliable business advisory accountant, you can make a positive impact on your business.

Got any questions?

Feel free to contact us anytime of the day.