Bookkeeping Questions Answered

Bookkeeping Questions Answered

Frequently Asked Questions

General Questions

A professional bookkeeper records, organises and maintains your business’s day-to-day financial transactions. This includes tracking income and expenses, reconciling bank statements, managing invoices, processing payroll and preparing financial reports. At GoBookaroo, we keep your accounts accurate and up to date so you always have a clear picture of your business finances

While we’re based in Norwest, Sydney and offer face-to-face meetings across Greater Sydney, we provide online bookkeeping services to small businesses throughout Australia. Using cloud-based accounting software including Xero, Xero and MYOB and MYOB, we work seamlessly with clients in Melbourne, Brisbane, Perth, Adelaide — and everywhere in between.

Absolutely. We work with sole traders, freelancers, contractors, investors and small to medium businesses across Australia. Whether you need basic income and expense tracking or full-service bookkeeping and payroll management, we have a package to suit your needs and budget.

We are based at Norwest Business Park, Norwest NSW, and offer face-to-face consultations across The Hills District including Bella Vista, Castle Hill, Baulkham Hills, Kellyville and Rouse Hill. For clients elsewhere we meet by video or phone.

Our Bookkeeping Services

We offer a full range of bookkeeping and financial management services for Australian businesses, including:

  • Bookkeeping and Financial Management — bank reconciliations, invoicing, expense tracking, accounts payable and receivable
  • Payroll and HR — payroll processing, Single Touch Payroll (STP), employee entitlements and onboarding
  • BAS Preparation Support – quarterly and monthly support to ensure your Business Activity Statement records are accurate and ready for review by your registered tax agent
  • Technology and Automation — Xero and MYOB setup, integrations and staff training
  • Management Reporting — KPI dashboards, cash flow forecasting and business performance insights
  • Investment and Property Reporting — shares, crypto assets, rental property income and expense tracking

We provide BAS preparation support to help ensure your records are accurate and ATO-ready before each BAS period. BAS preparation support is completed by you or your registered tax agent or accountant. We work closely alongside your accountant to make the process smooth and stress-free.

Yes. Bookkeepers and accountants serve different roles. Your bookkeeper manages the day-to-day recording of financial transactions throughout the year. Your accountant then uses that clean, organised data to prepare financial statements and strategic advice. Working with a bookkeeper often reduces your accounting fees because your accountant spends less time sorting through messy records.

Yes, bookkeeping catch-up is one of our most requested services. If your accounts are months or years behind, our team will reconcile all outstanding transactions, fix coding errors and bring everything up to date. We have helped many Australian small businesses get their finances back on track quickly so they can get back to running their business.

Outsourcing your bookkeeping gives you real-time visibility into your cash flow, profit margins, outstanding invoices and upcoming expenses. This means you can make confident business decisions and spend more time on what you do best. It also keeps you ATO-compliant and avoids costly late BAS preparation supports or payroll errors. Businesses with clean, up-to-date books simply grow faster.

Accounting Software & Technology

We are certified advisors for all major Australian cloud accounting platforms:

  • Xero — our top recommendation for most small businesses in Australia
  • MYOB — ideal for businesses already on MYOB or with specific industry requirements
  • Reckon — suited to certain industries and established accounting workflows

We will recommend the best fit based on your business size, industry and budget.

Yes. We offer one-on-one accounting software training for Xero and MYOB, either in person at your Sydney premises or via video call for clients across Australia. Whether you are brand new to cloud accounting or need a refresher on invoicing, bank feeds, payroll or reporting, we will walk you through everything at your own pace.

We strongly recommend switching from Excel to dedicated cloud accounting software as soon as possible. Excel does not offer automatic bank feeds, GST calculations, real-time reporting, payroll compliance or audit trails. For any Australian business turning over more than $50,000 per year, a platform like Xero or MYOB will save significant time, reduce errors and keep you fully ATO-compliant.

Bookkeeping Pricing & Packages

We offer flexible fixed-price bookkeeping packages for Australian small businesses:

  • Starter Lite (Quarterly) — from $99/month, ideal for sole traders needing quarterly reconciliations and BAS prep
  • Starter (Monthly) — from $199/month, includes monthly bank reconciliation, income and expense tracking, BAS preparation and P&L reporting
  • Growth — from $499/month, includes everything in Starter plus weekly bookkeeping, payroll for up to 5 employees, monthly BAS preparation support and cash flow support
  • Premium — from $699/month, full-service bookkeeping with unlimited payroll, KPI dashboards, budget vs actual reporting and quarterly business strategy check-ins

All pricing is fixed monthly so there are no surprise bills or hourly rates.

Yes. Bookkeeping fees are generally tax deductible as a business expense in Australia, provided they are incurred in generating assessable income. This means your GoBookaroo fees effectively cost less than the quoted amount once you factor in your deduction. We recommend confirming the specific treatment with your accountant for your circumstances.

We provide bookkeeping services across a wide range of Australian industries including trades and construction, retail and e-commerce, hospitality and food service, medical and allied health, professional services, real estate and property investment, technology startups and not-for-profits. Our industry-specific knowledge means we understand the compliance requirements and financial reporting needs unique to your sector.