Is your bookkeeper Xero Gold Partner qualified? Learn what this means and why Two Cents Worth Bookkeeping is the best team to manage your books.

Being a Xero Gold Champion Partner means that a firm has achieved a high level of proficiency and expertise in using Xero's accounting software. Gold Champion Partner status is typically awarded to firms that have met specific criteria set by Xero, such as:

1. Certification: The firm's staff members have completed Xero certification courses and have demonstrated a deep understanding of the software's features, functionality, and best practices.

2. Adoption: The firm actively promotes and uses Xero's software with its clients. They have a significant number of clients using Xero and have helped them transition from traditional accounting systems to Xero's cloud-based platform.

3. Support: The firm provides high-quality support and assistance to its clients using Xero. They offer training, guidance, and troubleshooting to ensure clients can make the most of the software's capabilities.

4. Engagement: The firm actively engages with Xero's community, attends Xero events, and participates in Xero's partner programs and initiatives.

By achieving Gold Champion Partner status, a firm is recognized as a trusted and knowledgeable provider of Xero accounting services. It signifies that they have invested time and effort into mastering the software and can provide valuable guidance and support to clients using Xero for their financial management needs.

Lodging your own BAS? Learn how a qualified BAS agent can save you from unnecessary fines and tax headaches.

Safe Harbour

If you lodge your own BAS then you can get in trouble if there are mistakes or it’s overdue. You might even have to pay fines. If your BAS Agent lodges for you then you are safe. https://www.tpb.gov.au/safe-harbour 

BAS Agent Lodgement Program

If you lodge your own then you have to lodge and pay by the due date, but your BAS Agent is a lucky ducky, and gets extra time.          

https://www.ato.gov.au/tax-professionals/prepare-and-lodge/bas-agent-lodgment-program/

Code of Conduct

Anyone can call themselves a bookkeeper and they don’t have to play by the rules, unlike your BAS Agent; if they are honest, independent, confidential or competent, the TPB have got your back. You can call them anytime if you’re not happy. 

https://www.tpb.gov.au/comply-code-professional-conduct-for-BAS-agents 

Registration Requirements

To get registered a BAS Agents needs to be qualified, and experienced. 1400 hours supervised experience lodging BAS in the past 4 years, a minimum of a Cert IV in bookkeeping, insurance, membership with a professional body and doing ongoing study (CPE) every year. This minimum standard will help you sleep at night.

https://www.tpb.gov.au/qualifications-and-experience-bas-agents 

Continuing professional education (CPE)

To make sure your BAS Agent knows their stuff, the TPB ask them to study and give evidence that they are keeping their knowledge and skills up to date through taking relevant courses.

This means your BAS Agent spends a whopping 45 hours every three year studying their little heart out about things that would probably make you….zzzzzzz.

BAS Agents spend time, money and tonnes of brain-power doing seminars, webinars, workshops, courses and other educational activities like research, writing and presentations.

https://searchregister.tpb.gov.au/TPB/Obligations/CPE 

That should make you sleep well tonight knowing your BAS Agent has your back!

"How Professional Bookkeeping Services Can Help Your Business Grow"

Are you a business owner who is juggling multiple tasks and struggling to keep up with your bookkeeping? Do you feel overwhelmed by the amount of paperwork and financial statements that you have to manage? If yes, then you're not alone. Many business owners find bookkeeping to be a tedious task and don't give it the attention it deserves. However, bookkeeping is an essential aspect of your business, and neglecting it can have serious consequences.

In this blog post, we will discuss how professional bookkeeping services can help your business grow. Here are some of the benefits of hiring a bookkeeper:

Save Time and Reduce Stress

Bookkeeping can be time-consuming and stressful, especially if you're not familiar with accounting software and financial statements. By hiring a professional bookkeeper, you can free up your time to focus on other aspects of your business. You'll also have peace of mind knowing that your financial records are accurate and up-to-date.

Improved Financial Management

A professional bookkeeper can provide you with financial reports that can help you make informed decisions about your business. With accurate financial data, you can analyze your business's performance, identify areas for improvement, and make changes to increase profitability.

Avoid Penalties and Late Fees

Late payments, missed deadlines, and inaccurate financial records can result in penalties and late fees. A professional bookkeeper can ensure that your business is compliant with tax laws and regulations, reducing the risk of penalties and late fees.

Increase Efficiency and Productivity

By outsourcing your bookkeeping, you can streamline your business processes and improve productivity. You'll have more time to focus on growing your business, acquiring new customers, and increasing revenue.

At 2 Cents Worth Bookkeeping, we offer professional bookkeeping services that are tailored to meet your business's unique needs. Our team of experienced bookkeepers can help you manage your financial records, provide you with accurate financial reports, and ensure that your business is compliant with tax laws and regulations. Contact us today to learn how we can help your business grow.

As a small business owner 'doing it all', it's easy to make mistakes when managing your financial records. Learn more about the benefits of professional bookkeeping services.

As a business owner, you understand the importance of keeping accurate financial records. Bookkeeping is not only essential for complying with ATO regulations, but also for making informed business decisions. The problem is, many small business owners find bookkeeping to be a time-consuming and complex task. That’s where 2 Cents Worth Bookkeeping comes in.

2 Cents Worth is a team of qualified and experienced bookkeepers who offer their services to clients across Australia. With many years of experience in the industry, the team is headed by Sinead Minihane, who has been in the bookkeeping industry since the introduction of GST. The team is dedicated to providing a professional and efficient bookkeeping service that will simplify your life.

One of the key benefits of working with 2 Cents Worth is their commitment to being a valuable link between you and your accountant. They understand that bookkeeping requires real expertise and they work closely with your accountant to provide them with all the information they require, in their preferred format. This will help to streamline your business processes and make it easier for you to manage your finances.

Another advantage of working with 2 Cents Worth is that they are dedicated to providing a tailored solution for each of their clients. They understand that every business is unique, and therefore, every bookkeeping solution should be too. Whether you’re in retail, hospitality, or any other industry, the team at 2 Cents Worth will work with you to create a solution that is simple, efficient, and tailored to your specific needs.

Finally, 2 Cents Worth is proud to be a member of a professional association, which is a testament to their commitment to providing quality services to their clients. Their core values of service, integrity, compassion, respect, and excellence help to ensure that your personal and business information is handled in a confidential, secure, and appropriate manner.

In conclusion, if you’re a small business owner who wants to simplify their bookkeeping processes, 2 Cents Worth Bookkeeping is the solution you’ve been looking for. With a team of qualified and experienced bookkeepers, a commitment to providing a tailored solution for each client, and a dedication to maintaining the highest standards of professionalism, you can rest assured that your financial records are in good hands. So why wait? Contact 2 Cents Worth today to unlock the benefits of professional bookkeeping for your business!