BOOKKEEPING & ACCOUNTING
Bookkeeping and accounting…
Don’t worry. We love it.
Bookkeeping and accounting services
- Pricing scales with you
- Xero setup + training
- Quarterly BAS
- Scalable services
- No lock ins
You didn’t start your business to do more accounting, to chase people for money or to stay up late at night doing your BAS.
That’s what we’re here for (except we’ll do it in the cloud and use smart systems and technology to make things efficient).
If you just want help getting started, maybe our DIY service is for you. But if you want to free yourself up to work on your business not in it, check out our accounting packages below (and remember, no locks ins, ever).
Launch
$340/month
$300 set up fee
100 transactions per month
Setup + training
- Std chart of accounts
- 1 hr Xero training
- .
Ongoing services
- up to 100 transactions /mth
- Receipt Bank App/email
- Quarterly BAS
Go
$560/Month
$300 set up fee
200 transactions per month
Setup + training
- Custom chart of accts
- Custom invoices
- 1.5hrs Xero training
Ongoing services
- up to 200 transactions /mth
- Receipt Bank App/email
- Quarterly BAS
- Monthly management report
Grow
$780/month
$300 set up fee
300 transactions per month
Setup + training
- Custom chart of accts
- Custom invoices
- 1.5hrs Xero training
Ongoing services
- up to 300 transactions /mth
- Receipt Bank App/email
- Quarterly BAS
- Monthly management report
All prices exclude GST.
Fair Use Policy applies to all services with included volume estimates.
Please view our Terms & Conditions for more information.
See below for additional services
Please contact us if you have a greater volume of transactions for a customised proposal
Find the right service for you
If you just need a bit of help to make sure you’re on the right track, our DIY service is for you. We will:
- Set up Xero and its automated bank feeds plus a simple chart of accounts (that’s accountant speak for a list of expense/revenue categories)
- Run a 1 hr Xero training session
- Show you how to reconcile your bank account, including GST tracking
- Show you how to raise customer invoices
Wondering how GST works? We’ve got an FAQ for that.
If you’re registered for GST, you’ll need to lodge a quarterly BAS. Many of our DIY clients ask us to review the GST treatment in their bookkeeping and prepare and lodge their BAS for them, to make sure it’s done right. It’s an extra $60/month – that’s pretty cost-effective peace of mind.
Includes up to 100 transactions/month
When you’re ready to launch, you need to spend more time building your product, talking to customers and selling! We’ve got you covered for bookkeeping and payroll.
We will:
- Set up Xero and its automated bank feeds
- Discuss how you want to manage your finances by setting up your chart of accounts and revenue tracking
- Set you up with Receipt Bank so you can simply Snap ‘n Send invoices, receipts and employee expenses
- Kick off weekly bookkeeping, and explain what we need to make this happen
- Manage your quarterly BAS
Remember, you do your own customer invoicing and monitor supplier bills to be paid.
This is also when you might start to employ people and need our Payroll services. We’re excited!
Setup and training
- Std chart of accounts
- 1 hr Xero training
Ongoing services
- up to 100 transactions /mth
- Receipt Bank App/email
- Quarterly BAS
Price
$300 setup + $340 per month
Includes up to 200 transactions/month
As you get busier, you’re likely to need us to process more transactions for you each month. Under our Fair Use Policy, we monitor actual volumes each month and talk to you if we need to increase our support.
With the Go service, we will:
- Set up Xero and its automated bank feeds
- Discuss how you want to manage your finances by setting up your chart of accounts and meaningful revenue tracking
- Set up Receipt Bank so you can simply Snap ‘n Send invoices, receipts and employee expenses
- Kick off weekly bookkeeping, and remind you what we need to make this happen
- Manage your quarterly BAS
Remember, you do your own customer invoicing.
At this stage of your business, we’re likely to be supporting you with our Payroll services. And around now, you might find paying suppliers and employee expenses is slipping as you get busier – we can help with our Accounts Payable service.
You might also be interested in exploring how our virtual CFO (vCFO) services can help you get a handle on your Profit & Loss and Balance Sheet, and the all important forward cashflows so you can stay on top of your finances and plan for capital raising.
Setup and training
- Custom chart of accts
- Custom invoices
- 1.5hrs Xero training
Ongoing services
- up to 200 transactions /mth
- Custom chart of accts
- Custom invoices
- 1.5hrs Xero training
Price
$300 setup + $560 per month
Includes up to 300 transactions/month
Things are getting serious. Seriously good! Which means you need to increase the number of monthly transactions we’re processing for you. This service covers up to 300 transactions/month and if you need more, no problem – talk to us.
Under our Fair Use Policy, we monitor actual volumes each month and talk to you if we need to increase our support.
With the Grow package, we will:
- Set up Xero and its automated bank feeds
- Discuss how you want to manage your finances by setting up your chart of accounts and meaningful revenue tracking
- Set up Receipt Bank so you can simply Snap ‘n Send invoices, receipts and employee expenses
- Kick off weekly bookkeeping, and remind you what we need to make this happen
- Manage your quarterly BAS
Remember, you do your own customer invoicing.
At this stage of your business, we’re likely to be supporting you with our Payroll and Accounts Payable Services.
And you’re probably transitioning to really managing your business by the numbers too but chances are, you’ll need a CFO to really make this leap.
Not a full time one though – that’s too expensive right now. Our virtual CFO (vCFO) services can bridge this gap so you can achieve the growth you're after. And then some.
Setup and training
- Custom chart of accts
- Custom invoices
- 1.5hrs Xero training
Ongoing services
- up to 300 transactions /mth
- Receipt Bank App/email
- Quarterly BAS
- Monthly management report
Price
$300 setup + $780 per month
Additional service
If you’ve got employees, you need to be taking Pay As You Go (PAYG) tax out of their pay. This is reported and paid to the ATO, as part of lodging your quarterly BAS.
As your business grows and hires even more employees, that means more PAYG. The ATO monitors this as part of the quarterly BAS process and at a certain level it asks for PAYG to be reported and lodged as part of an additional monthly Instalment Activity Statement (IAS), between quarterly BAS lodgings.
Wondering how PAYG works? We’ve got an FAQ for that. And you can find out more about how we prepare and lodge BAS for you too, including how we use electronic signatures.
Price
We charge an extra $35/month for this additional IAS preparation.
Additional service
If you’re registered for GST, you’ll need to lodge a Business Activity Statement (BAS) quarterly.
If you’re a DIY client, you might want us to review the GST treatment in your bookkeeping and prepare and lodge your BAS, just to be sure it’s done right. For an extra $50/mth, that’s pretty cost-effective peace of mind.
If you’re a Launch, Go or Grow client, we bundle lodging your quarterly BAS into your service.
And if your team is growing, as soon as you are expecting to withhold more than $25,000 of PAYG taxes from your employees, you need to lodge and pay the ATO via a monthly Instalment Activity Statement (IAS).
Price
For this additional effort, we charge an extra $35/mth.
Additional service
Growing fast can be chaotic. Isn’t it beautiful? But it can make staying on top of paying suppliers and employee expenses a bit challenging.
Save yourself the stress with our Accounts Payable service – covering all aspects of supplier management, including:
- Setting up existing suppliers for electronic payment
- Weekly payables run based on due dates
- Supplier queries regarding payables (optional)
- Reconciliation of supplier monthly statements (optional)
Your supplier management needs might be very specific. No problem – book a meeting with us to discuss how we can tailor this service for you.
Additional Service
Cash is the life blood of most startups and SMEs. The number one way to improve your cashflow? Make sure you get paid on time for the work you’ve done. But just because you know that doesn’t mean you like chasing your customers for payment, right?
Well, we do. Our Accounts Receivable processing service can cover all aspects of customer management, including:
- Agreeing processes for customer follow up, including escalation internally or to external debt collectors
- Weekly customer follow up of all outstanding invoices in accordance with the agreed processes
- Implementing a chaser.io, which we recommend for higher volume customer follow ups
Your customer management needs will be very specific to your business.
Please book a meeting to discuss how we can tailor this service to you and manage your customers on your behalf (without annoying them too much).
Additional service
If you use Stripe, Paypal, Airwallex, Pin Payments or (Transfer)Wise for payment processing and want to use Xero too, you can. We make this happen by setting up native bank feeds within Xero, where possible.
Delayed timing, net of fees are all complicating factors with Stripe and other payment processors. Also, if you’re dealing with Australian and international receipts, some of your sales should have GST included in the sales record while others shouldn’t. You might be looking at this for the first time, so it’s complicated. Don’t worry, we’ve done this lots – we can work with you to build systems and processes in/around Xero bookkeeping to make sure it’s done right, and efficiently.
Additional service
When you’re running your own business, you often know you need help but you’re not entirely sure what with.
And when it comes to financial help, you often need someone to set up efficient systems and regular reporting, especially if you’re growing quickly.
Our managing partner, Remco, has decades of experience doing this as virtual CFO for startups and fast growing SMEs.
He knows how to make different systems and software talk to each other, and how to streamline everything to make it consistent, accurate and insightful. So you can see your growth opportunities and manage them for success.
As part of our implementation and integration services, Remco can work with you and your tech team to make sure information flows smoothly where it’s needed.
The word on the street…
… is that we’re great! You can take our word for it but it’s probably better coming from our clients.
“Outsourcing our accounting has allowed us to get on with everything else, like building our factory! The R&D Tax Incentive has also been very important. ”
Debbie and Lucas Van der Walt
Managers
CocoNutZ
“The team has helped me focus on what’s important - product and customers. It’s a huge weight off my shoulders.”
Mandeep Sodhi
Founder & CEO
Effi
“R&D tax is an annual critical source of funding for us and we’ve used Standard Ledger since the beginning. It’s also been crucial to have the R&D finance option.”
Darren Wolchyn
CEO and Founder
Smart Paddock
“Standard Ledger’s knowledge has been awesome - how to raise money and how to make startups make financial sense. ”
Jock Lawrence
Co-founder
Mobble
“It just made sense to hand my bookkeeping over to people I trust. It frees up my brain space.”
Shannon Gilleland
Co-founder
Pronto Bottle
“Standard Ledger has been instrumental in helping us formulate our structures and financial models. ”
Shane Thatcher
Co-founder
Choovie
“Working with Remco and Mike has transformed my knowledge and enabled us to grow safely. ”
Charlie Hamer
Co-founder
Public Sector Network
“With Standard Ledger as our virtual CFO, we achieved an exit beyond what we’d ever hoped. ”
Kerin Haddon
Managing Director
Moorabbin Bin Hire
“Having Standard Ledger’s CFO support has been extremely valuable in accessing funding. ”
Richard Kavanagh
Co-founder
Piiq Digital
“We’re a startup, and these guys 'get it' and just get stuff done. They are making the complicated simple. ”
Michelle Nazarri
CEO
Fonzarelli