FAQs about our Bookkeeping Services

We are sure you have many questions on how doyourbooks online bookkeeping services work and how you can benefit from it. If you have a question that we haven’t covered here, please contact us.

  1. What are outsourced online bookkeeping services?
  2. What advantages does outsourcing my bookkeeping give me?
  3. How can outsourced online bookkeeping help me better manage my business?
  4. How can I access my accounting data?
  5. Who owns my data?
  6. Who controls the money and makes the decisions?
  7. Can other people access my data?
  8. How secure are online bookkeeping services?
  9. What software can I use?
  10. Do I have to leave my current accountant?
  11. Does my accountant have access to my books?
  12. How much will online bookkeeping services cost?
  13. How can outsourcing provide greater results and reduce costs?
  14. How do I find out more?

What are outsourced online bookkeeping services?

Outsourced online bookkeeping services use the Internet to provide a third party service to manage your account keeping. Technically speaking, doyourbooks works via an application service provider (ASP). Put simply, a company that provides access to a software application over the Internet, in our case MYOB. Using super fast networks and powerful servers, we can ensure you have secure online access to your accounts 24 hours a day, seven days a week.

What advantages does outsourcing my bookkeeping give me?

By outsourcing your bookkeeping functions to doyourbooks, you are guaranteed to receive expert, accurate, confidential and timely online bookkeeping at a fractional of the cost of employing a fulltime bookkeeper.

The experts at doyourbooks are qualified bookkeepers and accountants who will ensure your accounts are accurate and meet all statutory requirements. By leaving your accounts to us, you are free to do what you do best - grow your business.

Your records are available to you 24 hours a day, seven days a week. You can even access a vast array of reports such as P&L, balance sheet and payroll information.

How can outsourced online bookkeeping help me better manage my business?

Doyourbooks online bookkeeping serviices lets you concentrate on your core business activities. Keeping accurate and up-to-date books is time consuming and many small business operators often leave it to the last minute, usually when BAS lodgment is due. Rushing to get it done, creates high levels of stress and increases the likelihood of mistakes occurring.

You can also use the up-to-date reports provided by doyourbooks for better business planning and forecasting. Leaving your bookkeeping to us means you will always have an online reference to your business’ financial status.

How can I access my accounting data?

As your data is hosted by an application service provider (ASP), you can access your data via a secure Internet connection 24 hours a day, seven days a week from any computer with Internet access.

Who owns my data?

You always own your data. We manage and store it, but you retain ownership at all times. You can download the data and store it on your own computer if you desire.

Who controls the money and makes the decisions?

Your money remains 100% under your control. All decisions about your company’s finances are yours to make, doyourbooks simply processes and manages the data and provides you with key information to make informed business decisions.

While we advise which accounts need to be paid etc, you approve all payments before they are made and can make the payments yourself if you prefer.

Can other people access my data?

No one can access your data without your expressed permission. We can even grant different levels of access to your staff members based on their roles requirements.

How secure are online bookkeeping services?

Doyourbooks uses the same level of security as banks and other financial institutions. Right now, you probably have your files kept in an unlocked filing cabinet or easily accessible PC. Doyourbooks ensures your data is encrypted and stored securely and only accessible by you or your doyourbooks appointed bookkeeper.

What software can I use?

Doyourbooks works exclusively with MYOB.

Do I have to leave my current accountant?

Of course not. Doyourbooks online bookkeeping services are is designed to complement and enhance the services offered by your current accountant who will be grateful for the accurate bookkeeping provided by our experienced bookkeepers.

Does my accountant have access to my books?

It is up to you whether your accountant has his/her own access to your books via the Internet. By granting them access to your files, you remove the need to have to send everything to them on disk, freeing up your time and theirs. Your accountant can also access your files at their convenience to run necessary reports to provide you with more accurate financial advice.

How much will online bookkeeping services cost?

You can have doyourbooks managing your accounts for up to 50% less than it costs to hire a fulltime bookkeeper.

After an initial set up fee of $3000 that includes hardware, training and needs consultation, your monthly ongoing fee will start from $500 per month.

Contact us for more information and a precise quote based on your needs.

How can outsourcing provide greater results and reduce costs?

As doyourbooks online bookkeeping services are staffed by experienced bookkeepers and accountants, we are expert at what we do. We have developed appropriate controls, procedures and systems that standardise what we do to ensure the accurate and timely processing of all your accounting data.

Finding the right bookkeeper can be difficult and expensive. Doyoubooks provides you with an army of bookkeepers at a fraction of the cost of hiring a full time bookkeeper.

How do I find out more?

We welcome the opportunity to answer your questions on how doyourbooks can make a real difference in your business. Click here for all our contact details