Bookkeeping & Payroll

Whether you're a sole operator or managing a team of skilled tradespeople and apprentices, Anchoram’s Bookkeeping Team is here to support you. We understand that your time is spent on-site, in transit, or focused on your trade, leaving little room for administration and bookkeeping, which can easily fall behind.

At Anchoram, we offer a range of bookkeeping services tailored to your needs, including:

• Xero Accounting Software – Setup, maintenance, and ongoing support. 
• Payroll Management – Staff onboarding, timesheets, and payroll processing.
• Job Profitability - Set up and regular reporting 
• Scheduling Software Integration – Setup and maintenance of Xero Add-Ons such as Project Management and Tanda. 
• Compliance Support – Integrated Activity Statements (IAS), Business Activity Statements (BAS), Taxation Payments Annual Reporting (TPAR).
• Insurances Maintenance and Reporting - Workers Compensation and others. 
• Accounts Payable Management – Organising supplier payments for streamlined processing. 
• Accounts Receivable Assistance – Managing client invoices and payments. 
• Cloud-Based Document Management – Secure storage and easy access to business documents. 

By having an Anchoram Bookkeeper on your team, you can offload the burden of accounting tasks while staying on top of your finances. Simply use our mobile app to capture tax invoices as you go, or have your suppliers email them to us directly. Once onboard, we’ll schedule regular payment review dates, providing you with a consolidated list of payables that can be processed with a single banking transaction for maximum efficiency.

Running a medical or health service practice is demanding, with staff often balancing multiple responsibilities. In many cases, medical staff and receptionists handle bookkeeping tasks alongside managing patient interactions and daily operations. However, bookkeeping requires specialised expertise to maintain accuracy and compliance. As a trusted partner, we provide reliable financial management services to support your practice’s success.

We are experts in Xero which is a powerful tool for managing payroll, accounts payable, receivables, and overall accounting. You may require Xero add-ons for inventory management, staff scheduling, or industry-specific functions. At Anchoram, we help seamlessly integrate these tools, ensuring optimal financial management and compliance. Having an Anchoram bookkeeper ensures your financial records remain up to date, giving you full control over your practice’s finances.

Our services include:

• Accounts Receivable Management – Accurately calculate revenue earned by individual medical officers or health service consultants through Recipient Created Tax Invoices (RCTI). 
• Accurate Financial Reporting – Access real-time financial insights when needed. 
• Business Performance Analysis – Gain a clear understanding of your financial health. 
• Industry Benchmark Reporting – Compare your practice’s performance with industry standards. 
• Budgeting & Cash Flow Support – Stay ahead with effective financial planning. 

Your dedicated bookkeeper works closely with you and your team to keep your financials up to date, ensuring timely payment processing and efficient bookkeeping. 

We recognise that it might be intimidating for those who are new to the franchising to expect to comprehend all of the compliance and administrative requirements. Building the greatest foundation and starting down the proper path are crucial. By working with Anchoram right away, you can be sure that your franchisees will receive the best accounting, payroll, and administration services available.

Our staff of certified bookkeepers has worked with a wide range of franchise groups for a long time. We can provide your group with professional bookkeeping services whether you are a business format franchise, such as a fast food or other brand restaurant franchise, real estate franchise, retail franchise, or services franchise. 

We take the time to understand the unique operations of your Franchise group, allowing us to seamlessly integrate our bookkeeping team into your business. Our onboarding process typically involves the following steps:

1. Evaluating your current processes 
2. Recommending ongoing services and refining existing workflows for optimal efficiency
3. Offering competitive pricing tailored to your needs 
4. Implementing our team to ensure a smooth and hassle-free transition from your existing services

Once onboarded, our standard services include: 

• Setup and integration of Xero Accounting Software with a standardized chart of accounts and consistent reporting across the group 
• Access to additional software tools for document management, inventory tracking, payroll, staff scheduling, and point-of-sale systems 
• Support for budgeting and cash flow management 
• Accounts Payable – organizing and processing regular supplier payments 
• Accounts Receivable – generating sales invoices and managing payment collections 
• Comprehensive financial reporting for individuals and multi-site operations 
• Benchmark analysis – comparing group members' performance against industry standards 
• Compliance management – including IAS, BAS, workers’ compensation, and tax returns 
• On-demand financial reporting 
• Clear visibility into business performance and financial health