FAQs
Xero allows us to complete bookkeeping tasks far more efficiently than many other platforms. This reduces the time spent on each client’s books, helping us keep costs down.
Xero also has the ability to lodge activity statements and file pay runs with the ATO. You can even pay superannuation without leaving the platform. This streamlined approach improves efficiency and makes the process simpler and more convenient for clients.
A bookkeeper ensures your financial records are accurate, up to date and properly organised. This means fewer errors, clearer reporting and less stress at tax time.
Good bookkeeping helps you understand your cash flow, track expenses correctly, stay compliant with GST and payroll obligations, and make informed business decisions.
It also saves you time so you can focus on running and growing your business, rather than managing receipts and reconciliations.
No. Balanceable Pty Ltd is not a registered BAS or Tax Agent though we do sometimes employ individuals who are as bookkeepers.
For businesses registered for GST and/or PAYG withholding, we review all transactions and prepare a draft activity statement in Xero for your review. Each draft is checked by our team before being sent for approval.
Once you’re satisfied, you can lodge directly within Xero with just a few clicks. It's simple.
By using Balanceable, you maintain control of your lodgements while potentially reducing the cost of having an agent lodge on your behalf.
This approach keeps your books accurate and compliant, while ensuring all lodgements are handled appropriately.
A bookkeeper manages the day-to-day financial records of your business — reconciling transactions, maintaining accurate data in Xero, processing payroll and keeping your accounts organised and up to date.
An accountant typically focuses on higher-level services such as tax returns, compliance, financial reporting and strategic advice, using the information prepared by your bookkeeper.
If your accountant is handling your day-to-day bookkeeping, you may be paying higher accounting rates for work that can be completed more efficiently by a dedicated bookkeeper. Many accountants work alongside bookkeepers — and in some cases, partner with services like ours — to ensure their clients’ records are accurate before year-end reporting.
In simple terms, a bookkeeper keeps your records current and organised, while your accountant uses those records to provide tax and advisory services.
If you’re running a business — even as a sole trader — you can benefit from proper bookkeeping. You don’t need to be a large company to need accurate records and clear financial visibility.
In fact, smaller businesses often gain the most value. Good bookkeeping helps you understand cash flow, stay compliant with GST and payroll obligations, and avoid costly mistakes as you grow.
Whether you’re just getting started or already established, keeping your books organised early makes everything easier down the track.
Pricing depends on your business and the work required. Ongoing services are usually hourly, while onboarding or catch-up work may be fixed-price. We focus on efficient bookkeeping and streamlined processes to keep costs reasonable, with pricing agreed upfront.
Yes. We work exclusively in Xero to ensure consistency, efficiency and accuracy across all client accounts.
If you’re currently using another platform, we can guide you through a smooth transition.
Yes. If your books are behind or contain errors, we can assess the situation and provide a clear clean-up plan.
Clean-up work is quoted separately depending on complexity.
Balanceable has moved away from physical documents and is a paperless business. We use Hubdoc (a Xero company) to collect, process and securely store receipts, invoices and statements. You can learn more here.
Hubdoc is a document collection and management tool that integrates directly with Xero. It allows you to upload receipts, invoices and statements digitally via email or the mobile app.
Hubdoc extracts key information from your documents and securely stores the original copies in the cloud, helping keep your records organised, accurate and audit-ready.
Hubdoc is included with your Xero subscription at no additional cost.
Xero subscription pricing varies depending on the plan you choose and the features your business requires. Their lowest retail plan starts at $35. You can view current Australian pricing directly on Xero’s website: https://www.xero.com/au/pricing/
Xero partners can also access partner-only subscription options such as the Cashbook and Ledger plans, starting from $6.50 per month. These plans are designed for businesses with simpler requirements, including those not registered for GST, and provide a cost-effective way to maintain accurate records within Xero.
If preferred, we can include your Xero subscription within our billing so everything is consolidated into one simple monthly payment.