Financial Statement Preparation & Bookkeeping Services (6)

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Effect of financial statement and bookkeeping in
Australian Government
The financial statement and bookkeeping to
businessmen are very important as they look after
their financial matters. Still, they need to file
the financial matter on their own once a year.
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Financial Statement Preparation Bookkeeping
Services
The general purpose of preparing financial
statements is to provide information about the
operations, financial position, and cash flows of
an organization. Accordingly, bookkeeping
services aim to create a record of financial
transactions that can be summarized for various
uses. Thus the purpose of Financial Statement
Preparation Bookkeeping Services is to prepare
financial statements and create a record of
financial transactions.
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Financial Statement Preparation Bookkeeping
Services
To perform basic transaction and business
financial reporting functions, Australian
businesses have traditionally used bookkeepers as
an outsourced service. Recently the Australian
Government introduced the concept of a registered
BAS Agent. This concept of Australian Governments
has several implications for bookkeepers and
businessmen who use a bookkeeper to prepare their
financial reports for Business Activity
Statements (BAS) on their behalf.
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Financial Statement Preparation Bookkeeping
Services
The role of the bookkeeper has not been
regulated. Greater emphasis is placed on minimum
standards of qualifications from the Australian
Governments recent measures to undertake BAS
lodgement. To perform their transactional and
data entry role, businesses will continue to be
able to use bookkeepers. Under these new
measures, bookkeepers that are not registered as
an agent have a bad effect.
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https//aaataxagentservices.com.au/
Financial Statement Preparation Bookkeeping
Services a company also needs to file financial
statements once a year. All entities except small
proprietary companies must prepare financial
statements. These consist of a balance sheet, a
profit and loss statement, and a cash flow
statement. The investors, analysts, creditors and
the entities themselves use financial statements
as it is one of the principal sources of
information.
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Contact Us
Contact Name - AAA Tax Agents, 7 Tussock Drive,
Ropes Crossing NSW 2760 ABN 19 193 850
310 info_at_aaataxagentservices.com.au 0452 064
151 Visit Us http//aaataxagentservices.com.au/