Lawbridge AssociatesAccounting & Bookkeeping
Monthly books that are actually ready when you need them — for a GST return, a loan application, or your own year-end accounts — not reconstructed under deadline pressure from a shoebox of invoices.
What is Accounting & Bookkeeping?
Bookkeeping is the ongoing recording of every sale, purchase, payment and receipt in your business; accounting turns that record into the statements — ledgers, trial balance, profit & loss, balance sheet — that a bank, an auditor or the tax department actually reads. Most small businesses run into trouble not because they under-report, but because their books are recreated after the fact, from memory and loose invoices, once a GST return or loan application forces the issue.
Who Needs This
- Proprietorships and partnerships without an in-house accountant
- Businesses that need clean books to support a bank loan or working capital limit
- GST-registered businesses whose monthly returns depend on accurate purchase/sales data
- Companies and LLPs that need statutory books maintained for annual filing and audit
Why It Matters
Your GST returns, your income tax return, your loan application and any audit all draw from the same underlying books. When those books are maintained monthly instead of reconstructed annually, mismatches get caught while they’re still a quick fix — a missing purchase invoice, an unreconciled bank entry — rather than a scramble at year-end or a discrepancy a lender’s credit team flags after the fact.
Key Benefits
- Monthly books ready well before any GST, TDS or loan deadline
- Bank and cash reconciled every month, not once a year
- Debtor and creditor ledgers kept current, so collections don’t get forgotten
- Financial statements ready in the format a bank or auditor expects
Our Scope of Assistance
- Monthly or quarterly bookkeeping from your sales, purchase and bank records
- Bank reconciliation and cash book maintenance
- Debtor / creditor ledger and inventory-linked accounting where applicable
- Payroll accounting for staff salaries and statutory deductions
- Year-end finalisation — trial balance, P&L, balance sheet
- MIS reports for owners who want a monthly snapshot, not just year-end numbers
Documents Required
- Sales and purchase invoices for the period
- Bank statements (all operating accounts)
- Cash payment/receipt vouchers, if cash transactions are involved
- Payroll and salary records, if staff are employed
- Previous year’s financial statements, for an ongoing engagement
Our Process
Share records
Send monthly sales, purchase, bank and cash records — physical or digital.
Entry & reconciliation
Transactions recorded and bank/cash reconciled each month.
Monthly report
A summary — P&L snapshot, outstanding debtors/creditors — shared with you.
Year-end finalisation
Books closed and finalised into the year’s financial statements.
Handover
Statements shared in a format ready for your return, audit or loan file.
Government Fee & Professional Fee
Government fee
Not applicable — bookkeeping and accounting are professional services, not a government filing.
Professional fee
Varies by transaction volume, number of bank accounts and whether payroll is included. Contact us for a quote.
Typical Timeline
Ongoing monthly bookkeeping is delivered on a rolling monthly cycle once records are received; year-end finalisation timing depends on how current the books are and when the last reconciled period was — indicative only, confirmed once we’ve reviewed your records.
Common Mistakes to Avoid
- Waiting until GST return or ITR deadline to reconstruct a year of transactions
- Mixing personal and business bank transactions in the same account
- Not reconciling bank statements monthly, so errors compound unnoticed
- Treating cash sales as “informal” and leaving them out of the books entirely
Frequently Asked Questions
My books haven’t been updated in over a year – can you still help?
Yes — this is a common starting point. We work backward from your bank statements and invoices to reconstruct the missing period before moving to a regular monthly cycle.
Do you provide accounting software, or work with what I already use?
We can work with records you already maintain (spreadsheets, an existing software, or physical registers) — REQUIRES CONFIRMATION on specific software support for your case.
Is bookkeeping different from what my GST return filer already does?
A GST return only needs sales/purchase summaries; full bookkeeping additionally tracks your bank, cash, debtors, creditors and gives you an actual profit & loss picture.
Do I need audited accounts if I’m a small proprietorship?
Not unless you cross the turnover threshold that triggers a tax audit, or a lender specifically asks for audited/certified statements.
Can you prepare statements a bank will accept for a loan application?
Yes — we prepare financial statements in the format banks typically require for loan assessment.