Most small business owners and sole traders spend hours, if not days, entering and recording data into their Business Accounting System (BAS). This leads them to not being able to provide the best quality service to their customers. All businesses require BAS accounting services to protect the business. To advise, help and maintain accuracy, being associated with a BAS services company is a must. Although there are a plethora of BAS service providers, partnering with an experienced and efficient organization like Flatworld Solutions (FWS) is vital.
Flatworld Solutions' BAS business accounting services help you keep your business finances on track, while you as the owner can focus on the core competencies of your business. Our huge workforce is driven by professionals who are experts in accounting, taxation, and bookkeeping. To help our customers in their BAS services, we have partnered with some of the leading accounting solutions providers like Quickbooks, Hubdoc, Freshbooks, ZohoBooks, Gusto, T Sheets, and many more.
BAS Services We Offer
Our clients around the globe outsource BAS services to us to partner with the best accounting service provider in the world. Our comprehensive solutions include collections, invoicing, credit card management, bank reconciliation, bill payments, and more. We also offer a full range of bookkeeping services to small business owners that cover all your accounting needs, including -
Bank reconciliations allow business owners to get a clear picture of their cash flow, which allows them to make better decisions. Our bank reconciliation services include -
- Data entry from bank accounts to the accounting software on a daily, weekly, and monthly basis
- Settlements of all transactions cleared, open checks, and open deposits
- Matching the balances for financial review
- Cash reporting
Credit Card Management
Credit cards can be tricky to manage which results in late payments and incorrect amounts being paid. Not managing credit cards properly can become a burden to the business. Our credit card management services include -
- All transactions made by credit cards to be entered in an accounting software every month
- All credit cards to be settled according to its statement
- Credit cards will be paid on time to avoid late fees and interests
Flatworld Solutions will help you in your receivables and manage the data. Our tools make it easy for you to stay in touch with us and send information even while on the go. We will turn your data into an invoice and send it back to you for approval using your platform. Our accounts receivable services include -
- Make an effective invoice system
- Gather data to create invoices
- Send invoices to customers once approved
- Sending statements to customers after a 30-to-60-day period
- Place collection calls to customers
With our strong accounts payable system, we can pay all your bills, and manage all your vendors. By using our accounts payable system, you can control the cash flow, get discounts and keep your documents organized. Our Accounts Payable services include -
- Building a robust purchase order system
- Vendor balance reconciliation
- New bills are entered into the accounting software on a daily, weekly, or monthly basis
- Prepare bills once payments are approved
Flatworld Solutions BAS Accounting services will help you prepare, review and file your sales tax. Our team will help you get organized with reports and prepare the due cash payment. We will also help rectify prior sales tax returns that have been filed incorrectly. Our Sales Tax Returns services include -
- Reviewing transactions
- Determine liability
- Prepare sales tax returns
- Send approval for cash requirements
- File the returns with the state
We have partnered with some of the best people in the business. With companies like Gusto, you are in safe hands where matters of payroll are concerned. We connect with the software provided by Gusto and manage reports, payroll transactions, and manage all payroll services. Our Payroll services include -
- Access to online software
- Complete payroll solution
- Direct deposit for employees
- Completion of payroll tax returns
- Providing a payroll specialist
As a BAS service provider, our team of financial experts will provide you with daily, weekly, and/or monthly reports and keep you updated on your finances. Our financial reporting updates include -
- Balance Sheets
- Balance reconciliation
- Monthly reviews
- Statement of Income
- Financial reports
We can with the help of our team help you file your tax returns as well as create a tax return strategy. Our tax returns services include -
- Preparation of Income-tax
- Representation for IRS
- Tax planning
- Creation of entity
We also provide other services like -
- CFO services which include: cash-flow forecasting, budget analysis, labor optimization, debt planning, expense reporting, and more
- Management Accounting, Statutory Compliances, lodging of BAS electronically, and consulting services regarding GST, fringe benefits tax, withholdings, installments, fuel tax, preparing installment activity sheets, loan accounting, asset management, inventory maintenance, and superannuation obligations.
BAS Services Process We Follow
As a leading BAS services providing company, we ensure 100% accuracy and quality in the outputs. We have a set process for the preparation of business activity statements. We follow a simple and easy-to-understand process flow. The steps involved in our BAS accounting services process are -
01. Files Received
Send your accounting books to us via email or upload them on our FTP server
Once we receive your books, our team of financial experts will analyze your books and data
03. Identify Areas of Improvement
We will look at all your business accounts, structure, most recent tax returns and identify the areas of improvement
We will review your current internal procedures and make recommendations accordingly. We will get in touch with you for any issues or variances
As soon as we enter your data into our system and the entries are made, we will send you a tally sheet for your verification
06. Balance Sheet Preparation
We will then prepare your balance sheet for you and a finalized copy will be sent to you
Industries We Serve
Other Services You Can Benefit From
Why Outsource BAS Services to Flatworld Solutions?
Flatworld Solutions has been offering professional BAS agent services for 20 years. We have catered to hundreds of clients around the globe with varying needs. We provide a full range of BAS services to make sure your accounting services are on the right track. Furthermore, when you choose us as your BAS service provider, you get access to a plethora of advantages, such as -
Not only do we provide you with the latest technology in BAS accounting services, but these services, technologies, and tools are also available to you at an affordable cost. We provide you with services that are tailored to your business needs. We provide you with the flexibility of paying only for the services that you need at a monthly rate.
Dedicated Accounting Team
When you sign up with FWS, you are provided with a dedicated accounting team who will oversee the financial aspects of your business. Our team will provide you with detailed financial statements, recommendations, and insights for your business.
As a BAS services providing company, Flatworld Solutions provides you with solutions that have been designed keeping in mind your requirements and budgets. Our tools and reporting methods are easy to use and understand. We use innovative and efficient platforms to help your business grow and thrive.
24/7 Customer Support
As our client, you will get access to experienced accountants and hands-on customer support at any time of the day along with access to the latest BAS solutions.
Knowledgeable and Qualified Team
We have some of the most talented and skilled teams. Our pool of skilled accountants and financial advisors can help businesses with all their business accounting services. Our team includes bookkeepers, accountants, and financial experts who are trained and qualified.
Save Time and Resources
By using our BAS services for small businesses, we help business owners save a lot of time. We take over almost all of your accounting needs and free your time so you can focus on your core business.
We have the required skills, bandwidth, and resources to scale up and down as per the requirement of the company and the accounting process.
Latest Accounting Tools
We have access to the latest in accounting and financial tools, technology, and software, which helps us provide you with the best quality services.
Flatworld Solutions ensures that BAS services provided by the team are compliant and as per the accounting standards set by the IFRS (International Financial Reporting Standards) and developed by IASB (International Accounting Standards Board).
We work with a range of companies and organizations that are growing; this makes Flatworld Solutions one of the top recommended BAS service providers for affordable, efficient, and tailored financial services and solutions.
Client Success Stories
Accounts Payable Services to a Leading Customer
A leading customer was looking for a partner who could help them with accounts payable services. Our team at FWS delivered the services within a quick time.
Financial Back-office Support Services
A leading client was looking for a reliable and efficient financial back-office service providing company. We provided the client with cost-effective services.
Outsource BAS Services to Flatworld Solutions
If you are a small business or a sole trader and do not have the time or in-house skill force to manage your company's accounting services, then hiring professional BAS agent services is the perfect choice for your business. And if you are in dire need of BAS business accounting services, then Flatworld Solutions is the right choice. Our BAS solutions and services are designed to make the accounting process simple and empower you as a business owner with the necessary tools that are required to make well-versed and knowledgeable financial decisions. Staffed by skilled professionals, we are ready to assist your business at the highest level.
To know more and get a customized plan for your business, contact us now.