FAQs2025-02-14T03:05:54+00:00

Help you understand what we do

FAQ’s

Does the benefit of outsourcing my bookkeeping really outweigh the cost?2025-01-19T10:39:04+00:00

Absolutely. When you outsource your bookkeeping, you’re investing in professional expertise, accuracy, and efficiency. By freeing up your time and mental resources, you can focus on high-impact activities like sales, strategy, and growth. Additionally, having accurate financial data at your fingertips leads to better decision-making, fewer compliance issues, and a clearer path to profitability. In the long run, the savings and opportunities gained far surpass the cost—making outsourced bookkeeping a smart and cost-effective choice for many businesses.

Why should I outsource my bookkeeping?2025-01-19T10:39:04+00:00

Outsourcing your bookkeeping frees up your time to focus on what you do best—running and growing your business. By handing off complex, time-consuming financial tasks to experienced professionals, you gain accurate, up-to-date financial records without the stress of doing it yourself. It also ensures compliance with tax regulations, reduces the risk of errors, and often ends up being more cost-effective than hiring in-house staff. With bookkeeping taken care of, you can operate more efficiently and confidently move your business forward.

Why do I need to use Dext?2025-01-19T10:39:04+00:00

Dext is a powerful tool that simplifies the way you capture, track, and manage your financial documents. By automatically extracting data from receipts, invoices, and bills, Dext reduces manual data entry, improves accuracy, and saves you time. With all your documents securely stored and easily accessible in the cloud, you’ll streamline your bookkeeping processes, maintain organized records, and keep your financial data up to date—making it easier for both you and your bookkeeping team to stay on top of your numbers.

Why should I invest in cash flow forecasting?2025-01-19T10:39:04+00:00

Cash flow forecasting provides a clear picture of your business’s financial health and future. By understanding when money is coming in and going out, you can proactively address potential shortfalls, make informed decisions about expenses, plan for growth, and avoid unpleasant surprises. Investing in cash flow forecasting ultimately helps you maintain financial stability, improve operational efficiency, and confidently steer your business toward long-term success.

How can Profit First advisory help my business?2025-01-19T10:39:04+00:00

Our Profit First advisory services guide you through implementing this system effectively. By working with our team, you’ll gain clarity on your financial position, learn how to control expenses, and allocate funds across different accounts for tax, profit, and operating costs. This proactive approach empowers you to make informed decisions, improve cash flow, and ultimately achieve more consistent, predictable profitability.

What is Profit First?2025-01-19T10:39:04+00:00

Profit First is a cash management system that flips the traditional accounting formula. Instead of considering profit as what’s left after expenses, you allocate a portion of your revenue to profit first. This ensures your business maintains healthy financial habits, encourages sustainable growth, and keeps profit as a priority from day one.

How does working with you remotely benefit my business?2025-01-19T10:39:04+00:00

Our cloud-based solutions and remote working capabilities mean you have real-time access to your financial data from anywhere. We use secure, cloud-based software that keeps your information safe and accessible, enabling efficient communication and quick turnaround times, no matter where you’re located.

What if I don’t need full-service bookkeeping?2025-01-19T10:39:04+00:00

No problem. We offer customizable levels of service. If you only need occasional reconciliation, payroll processing, or BAS lodgment, we can work on an ad hoc basis, ensuring you only pay for what you need.

Can you help my business if I’m just starting out?2025-01-19T10:39:04+00:00

Absolutely. Whether you’re a new business owner needing help with initial setup and forecasting or an established business looking to streamline operations and plan for future growth, we tailor our services to meet you where you are.

Do I need to commit to a long-term contract?2025-01-19T10:39:04+00:00

No. We understand the need for flexibility, which is why many of our services are offered on a fixed weekly fee basis tailored to your needs. You’ll have predictable costs without being locked into a long-term contract. If you find our services no longer meet your requirements, simply provide us with 30 days’ notice in writing, and we’ll make the necessary arrangements.

Why choose Elevate Business Solutions?2025-01-19T10:39:04+00:00

At Elevate Business Solutions, we go beyond standard bookkeeping. Our full-service approach, flexible work environment, and commitment to using the latest technology (like Xero and forecasting apps) help us deliver timely, accurate insights and strategic advice. We pride ourselves on making the financial side of your business stress-free, so you can focus on growth and success.

Why do I also need to engage an accountant?2025-01-19T10:39:04+00:00

An accountant provides higher-level financial insights, strategic tax planning, end-of-year compliance, and advice on business structure and long-term financial health. Working with both a bookkeeper (and/or BAS Agent) and an accountant ensures you have comprehensive financial support—from day-to-day operations all the way to strategic decision-making and tax optimization.

How will a bookkeeper help my business?2025-01-19T10:39:04+00:00

A professional bookkeeper keeps your financial records accurate, up-to-date, and easy to understand. With clear financial insights at your fingertips, you can make informed decisions, maintain compliance with tax regulations, and free up time to focus on growing your business.

What does a bookkeeper do?2025-01-19T10:39:04+00:00

A bookkeeper handles the day-to-day financial transactions of your business. This can include reconciling bank accounts, managing invoices and bills, processing payroll, preparing activity statements (BAS/IAS), and ensuring your accounting data is complete and accurate. Essentially, they keep your financial engine running smoothly.

What does a BAS Agent do?2025-01-19T10:39:04+00:00

A BAS Agent is registered with the Tax Practitioners Board and authorized to prepare and lodge Business Activity Statements (BAS) on behalf of clients. They ensure GST, PAYG withholding, and other indirect tax obligations are correctly calculated and reported to the ATO. By working with a BAS Agent, you can trust that your compliance requirements are being met accurately and on time.

Why engage a BAS Agent over a bookkeeper?2025-01-19T10:39:04+00:00

While a bookkeeper maintains your financial records, a BAS Agent is specifically qualified to handle and lodge your Business Activity Statements. This ensures your tax obligations are met correctly, reducing the risk of costly errors, penalties, or late lodgments.

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