Frequently Asked Questions
We’ve put together the answers to some frequently asked questions for you, and we’re always happy to provide further clarification over the phone, in person or via email. Your satisfaction is our priority and our team is here to resolve all of your accounting issues.
Do you offer services to new businesses, or do I already have to be established?
Do you offer virtual meetings?
Why do a budget? I never stick to it anyway.
We’ve found that it’s often the terminology that is the issue. Don’t think of it as a budget! Think of it instead as mapping out where your money is currently going. It’s a guide, something to aim for. Next step is to create your vision of where you want it to go instead, and what your business needs to earn to achieve it.
What is my margin?
This simple question is commonly misunderstood. The reason is it that depends on which angle you’re looking at this from. Your margin could be the mark up you apply to the cost of a product, or your margin could be what you keep after selling a product. You can review the explanations and calculations for Gross Profit, Net Profit and other key financial ratios in our blog post.
What is the difference between standard accounting and management accounting?
Standard accounting typically focuses on past compliance and historical reporting. Management accounting is forward-looking and converts raw data into practical information to help you review efficiency, calculate profit margins and develop strategic plans for the next stage of business.
Can ABA help automate existing manual processes?
Absolutely. ABA can help integrate accounting software and suggest other suitable systems to remove manual invoicing and payroll systems, providing you with a real-time view of your cash flow.
Do you offer fixed-fee service packages?
We offer a range of fixed-fee service packages to help you achieve your financial goals and meet your business needs. The most popular packages are Got You Covered, Guide and Grow and Proactive Partners. We can also customise our accounting service packages to suit your needs once we understand your business growth priorities.
Can you help with my SMSF?
Our local Birtinya team is experienced in managing SMSFs. The first step we take is to understand your unique situation and long-term goals. Then offer consistent and detailed support you to help you achieve your objectives. This includes maintaining superannuation accounting and member records for you, as well as the required financial statements. You can also read our article on the benefits, risks and responsibilities associated with SMSFs.
Do you do QBCC financial reporting?
If you hold a Queensland Building and Construction Commission (QBCC) license and require financial reports in order to comply with your license requirements, ABA can help you. When you partner with us, we will ensure that you aware of your current financial position and how that relates to your QBCC license. We not only assist with the review, preparation and lodgement of your annual reports to the QBCC, but we can also assist with any amendments that may be required throughout the year.
Can I use my SMSF to buy commercial property for my business?
Yes. If you own a business and need a shed, warehouse, office, or other commercial property, your SMSF can purchase the property and lease it back to your business at market rent. This strategy:
- Keeps rent payments within your super
- Helps build your retirement savings
- Provides long‑term asset growth potential
It’s a popular strategy for business owners.
How often can I contact you?
We offer a number of accounting service packages to suit your needs and the growth phase your business is in, which all include a number of regular one-on-one meetings, either at our office in Birtinya or online. As part of these packages, you will also have access to ongoing email advice. In fact, we encourage all our clients to speak with us as soon as they have any questions. This means we can address and resolve concerns early, saving you time and avoiding small challenges becoming bigger problems.
Are you a local Accountant?
ABA. Advice Beyond Accounting is your local accountant in Birtinya on the Sunshine Coast. Just because our offices are located close to Kawana Private Hospital, doesn’t mean you need to be in the vicinity. We service clients throughout the Sunny Coast, from Gympie to North Brisbane, and the suburbs in between like:
- Caloundra
- Currimundi
- Little Mountain
- Wurtulla
- Warana
- Buddina
- Minyama
- Mooloolaba
- Alexander Headland
- Mountain Creek
- Buderim
- Maroochydore
- Sippy Downs
- Forest Glen
- Kunda Park
- Coolum Beach
- Yandina
- Peregian Springs
- Noosa
And beyond! As your business accountant we can meet in person or online to fit in with your schedule. If you want to optimise your business tax accounting and grow your company and your wealth. Get in touch with us today.
Does ABA assist with ASIC and corporate secretarial tasks?
Yes. ABA manages annual company statements, solvency declarations and statutory minutes to ensure your business remains compliant with the Corporations Act.
Can ABA help determine if a business structure is tax effective?
Yes, as your business grows and evolves, your personal Advisor will continuously share recommendations on optimal business structure to ensure it manages liability effectively and aligns with your long-term wealth objectives.
Are you an e-Commerce Accountant?
ABA partners with you to take care of all your accounting needs, including providing e-commerce accounting services. We can provide basic e-commerce bookkeeping functions, like categorising income and expenses, right through to payroll and balance sheets.
Our accountants are also experts at helping you with strategic business planning, managing cash flow and preparing financial statements. As well creating budgets and strategic tax management, to ensure your business is not only sustainable, but that it flourishes!
Whether its Squarespace, Shopify, Wix, Weebly or any of the other platforms. Contact us to see how our e-commerce accounting services we can help you grow.
Have more questions?
Didn't find what you were looking for?
Contact the team today to get the answers you need or go ahead and arrange a Free Discovery Meeting to discuss how we can support you and your business.
