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Level 10, 401 Docklands
Dr Docklands, VIC 3008
info@accountsnextgen.com.au
1300 NXT GEN (698 436) (24x7)
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Accounting and Financial Reporting

Financial Reporting Services is in charge of preparing numerous financial reports and tax returns, as well as assisting in the management of various financial operations.

In today’s world, running a business can be difficult. Business owners are pulled between revenue-generating activities that provide a competitive edge and operational and financial responsibilities within the organisation.

Having accurate and trustworthy information about your company’s financial health frequently reduces the time it takes to respond to any business difficulties that necessitate fast decision-making.

Do you also fail to measure your firm's financial status and sustainability accurately?

Are you sceptical about investing on in-house financial reporting?

Are you looking for a team that'll help you run your business smoothly?

We build our NextGen staff around you and your venture, using a whole-of-business approach to accounting, taxation, and financial solutions.

Whether your company is a local start-up or an international expansion, our well-trained accounting and compliance specialists can tailor services to your needs, allowing you to focus on core business while having an efficient and effective accounting function that provides you with timely, accurate, and reliable financial data and reports.

We take the complexities and simplify them for you to understand, so that you can get back to running a successful business!

Some accounting and financial reporting services we offer :

01.Annual Financial Statements:

Financial statements should be comprehensible, relevant, reliable, and comparable in order to offer information about an enterprise's financial status, performance, and changes in financial position that is valuable to a wide variety of users in making economic decisions.

02.Periodic Management Accounts:

These can be bi-annual, quarterly, or even monthly accounts. These accounts can be customised to meet management's specific information needs. Management accounts allow you to: Compare your accounts against original budgets or forecasts and to improve your resource management.

03.Application for R&D:

R&D refers to the activities that businesses engage in to create and introduce new products and services. It is frequently the initial stage in the development process. Typically, the goal is to bring new products and services to market and increase the company's bottom line.

05.Tax Planning:

Tax planning is the analysis of a financial condition or plan to ensure that all parts work together to ensure that you pay the least amount of taxes feasible. A tax-efficient plan is one that reduces the amount of money you pay in taxes.

04. Taxable Payment:

The Taxable Payments Annual Report (TPAR) was created to help you generate reports based on information gathered from payment documents. TPAR is a reporting requirement for businesses who pay contractors for related services. If you pay contractors, you must declare how much you spent and to whom. This is a relatively recent need for organisations, but it pertains to the growing trend of hiring contractors rather than full-time employees.

06.Reporting Payroll and Super Reconciliation:

Payroll reconciliation is the process of comparing your payroll register to the amount you want to pay out to your employees to ensure that the figures match. The most basic way to think about it is to double-check your calculations to ensure that you are paying your staff correctly.