FAQs

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

Yes. While we are based in Kellyville, Sydney and offer face-to-face meetings across Greater Sydney, we provide online bookkeeping services to small businesses across all of Australia. Using cloud-based accounting software like Xero, QuickBooks 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 in Kellyville, NSW and offer in-person bookkeeping consultations across Greater Sydney including the Hills District, Parramatta, Norwest, Blacktown and surrounding areas. For clients outside Sydney, we offer video and phone meetings to ensure you get the same high level of service no matter where you are.

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 — quarterly and monthly Business Activity Statement preparation and lodgement
  • Technology and Automation — Xero, MYOB and QuickBooks 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

Yes. As registered BAS agents, we prepare and lodge Business Activity Statements on behalf of our clients. We manage your GST reconciliation, PAYG withholding and all other BAS obligations, making sure everything is accurate and submitted on time to the ATO.

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 lodgements 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
  • QuickBooks — great for businesses with complex inventory management or multi-currency needs
  • 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, MYOB and QuickBooks, 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 lodgement 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.