Do you DIY Bookkeeping? Know You’re On Track with a Health Check

With the constant pressures of cost of living not to mention businesses having a hard time everywhere at the moment, cutting back and finding ways to save is at the forefront of everyone’s mind. Since the rise of cloud accounting (systems like Xero, MYOB etc), DIY bookkeeping has never been easier. As bookkeepers of course we would love more business but we get it and we are here to support all those out there doing their own books.

What we will say, and is a common trap for those who DIY bookkeeping is that  it’s easy for discrepancies or inefficiencies to slip through the cracks unnoticed. So we offer a one off health check service so for a set fee (currently $159 (April 2024) we will give you the peace of mind (or advice) you need to continue on doing your own books.

Why a Health Check for DIY Bookkeeping?

Is your Xero accounting file setup correctly? Unsure whether your systems are running optimally and efficiently for your business? A health check serves as a comprehensive examination of your financial records, particularly within the Xero accounting software. Our primary aim? To ensure that your accounting system is not just functioning, but thriving, tailored to the needs of your business. 

What is a Health Check?

Here’s what our health check includes:

1. Identifying Inconsistencies: We look at your financial data to discover any inconsistencies that might compromise the accuracy of your records.
2. Chart of Accounts Evaluation: Ensuring that your chart of accounts aligns with your business structure and financial reporting requirements.
3. Reconciliation Review: Verifying that reconciliations are all good, leaving no room for discrepancies or oversight.
4. ABN Record Confirmation: Checking that Australian Business Numbers (ABNs) are recorded accurately, a crucial step in compliance and reporting.
5. Bank Feed Accuracy: Verifying that bank feeds are integrated correctly, providing real-time, accurate financial data for informed decision-making.

How to arrange?

1. Book Your Health Check: Simply schedule a health check using the provided link.https://calendly.com/sumsub/health-check-ss?month=2024-04
2. Grant Access: Invite us to be an advisor for your Xero file by adding us at info@sumsubstance.com.au.
3. Review Process: Our team conducts a thorough review of your Xero file
4. Personalized Consultation: Following the review, we meet with you online to discuss our findings comprehensively. You’ll receive a detailed report outlining our observations and recommendations tailored to your business needs.

Want more info? View our services here.

Don’t want a health check but want to learn bookkeeping yourself? We have courses here: