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Bookkeeping for Age Care
With over 9+ years of experience, we are a trusted partner for accounting and bookkeeping services in the US. Whether you’re a startup, a small business, or an established enterprise, our services can meet the unique needs of your industry. Our deep understanding of US regulations and best practices can empower your financial journey and drive you toward long-lasting success!
Hire Remote Team
Business Tax return filing by Certified
CPA / Enrolled Agent
(Starts at $350)
QuickBooks And Xero Certified Experts
50% Reduction In Costs
Bookkeeping and Accounting for Aged Care business
- Bookkeeping and accounting play a crucial role in the success of any aged care business, regardless of its size or type. These functions involve the daily recording of financial transactions and analysing financial data to make informed decisions. Accurately tracking expenses related to patient care and effectively managing cash flow are essential aspects of bookkeeping and accounting for aged care businesses. However, managing these tasks internally can take time and effort. That’s where outsourcing to a reputable bookkeeping and accounting firm, such as Meru Accounting, can provide significant benefits. This explores the importance of bookkeeping and accounting for aged care businesses, the benefits of outsourcing, how to find a reputable firm to handle your financial needs and how Meru Accounting specializes in Elder Care business.
The Basics Of Bookkeeping And Accounting For Aged Care Businesses
The Benefits Of Outsourcing Your Bookkeeping And Accounting
- Cost saving: Outsourcing eliminates hiring an in-house accountant or bookkeeper, reducing expenses related to salary, benefits, and overhead costs.
- Improved accuracy: Professional firms have trained staff specialised in financial record-keeping and tax preparation, minimising the risk of costly errors
- Time saving: Outsourcing allows you to focus on running your aged care business instead of managing finances, freeing up valuable time.
- Access to expertise: Reputable firms have the expertise to provide accurate financial reports, enabling informed decision-making for strategic growth.
- Cutting-edge technology: Outsourcing grants access to advanced software and systems, streamlining processes, ensuring data security, and providing real-time reporting capabilities.
- Increased efficiency: Outsourcing bookkeeping and accounting enables aged care businesses to save money, enhance accuracy, and operate more efficiently, staying ahead of competitors.
How To Find A Reputable Bookkeeping And Accounting Firm?
Meru Accounting Specialises In Elder Care Bookkeeping
- Elder Care Bookkeeping – Meru Accounting has a deep and qualitative understanding of the aged care business and its nitty-gritty. We help our clients manage cash flows and costs to make their business viable and also to know the financial position of their business.
- At Meru Accounting, we deeply understand the aged care business and the business nuances of the senior care business.
- We assist in managing receivables, ensuring that cash receipts are perfectly managed for business. Software that you can use for your aged care business.
- Also, we help you integrate the operational software with your accounting system so you can have efficient reporting using both methods.
- We provide bookkeeping services on a day-to-day basis to get all the transactions.
- We are assisting you in converting your traditional accounting software to Xero, which increases accounting efficiency and helps you better manage your accounts.
- We help you with payables management and tracking the due date for making payments and making payments on your behalf so that your terms with the creditors are always good.
- We track and record every invoice, receipt, record, and bank transaction and ensure that everything is noticed.
Conclusion
Managing the bookkeeping and accounting aspects of your aged care business can be overwhelming, especially if you’re not experienced in finance. But with the proper knowledge and resources, it doesn’t have to be daunting.
Outsourcing your bookkeeping and accounting functions to a reputable firm like Meru Accounting can help you save time, reduce stress, and ensure compliance with tax regulations. You can also benefit from cost savings without compromising quality by leveraging offshore talent.
By improving your financial management practices, you’ll be better equipped to focus on providing high-quality care services for seniors who need them most. So don’t wait any longer – contact Meru Accounting today!
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
Help you with switching from your traditional software to Xero and Quickbooks.
- Cost-saving.
- Access to skilled and experienced professionals.
- Better management of books of accounts.
- Decreased chances of errors.
- Improve business efficiency.
- De-burdens in-office employee’s dependency.
- Better turnaround time.
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.
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