Sports Accounting Australia provides accounting services, business process system implementations, bookkeeping, and financial analysis, with simple and effective packages to suit your needs. We are a CPA public practice with CPA and CA qualified staff, a registered BAS Agent and certified partner of Xero, MYOB, Calxa, Lightspeed, ApprovalMax, Employment Hero, Dext and Weel.
At Sports Accounting Australia, our customers are our partners, and we reach our goals together. Contact us today to discuss your specific requirements.
We know that detailed planning, informed risk management and clearer analysis contribute to better results for your sporting organisation. The services we offer are fully customised to according to your club’s needs – creating close partnerships and alignment with your financial goals.
Data entry of documents (income and expenses) into financial system. Ensure accuracy of data entry, correct classifications for taxation matters, and improve reporting quality by providing detailed analysis and variance commentary.
Complete review of data entry for compliance, reconciliations and provide any adjustments required to complete the requirements of your Business Activity Statement (BAS) and Instalment Activity Statements (IAS).
We will help you to establish a budgeting process for your business and ensure that it can adapt to your evolving needs.
Process or validate your payroll. Assist with setting up new employees and administering the final pay for terminated employees. Complete a review of your payroll files for accuracy and compliance. Assist with the calculation of leave provisions to comply with your audit requirements and prevent any unexpected end of year adjustments.
Organisations change every day, and performance targets and measures in a budget often become outdated before the year even commences. By forecasting regularly, you can redefine your targets and measures to be more relevant to current organisation conditions. Regular forecasting enables your organisation to get a handle on your performance before it is too late to make strategic changes.
Providing a monthly report pack, detailing your current month and year to date results against prior periods, budgets and forecasts. Balance sheet, cash and debtor/creditor positions included enabling informed action. Timely reporting is important to ensure the reports reviewed are current, and decisions can be made quickly to avoid or improve situations that actually arose. Reporting against variances is a great way to highlight your financial strengths and weaknesses.
Balance sheets are reviewed and validated each month, via supporting evidence to each balance sheet item, to ensure that no nasty surprises are found at year end. Incorrect balance sheet accounts can then be adjusted to ensure reporting is accurate. Reconciliations are a must for any audit, and provides comfort that business accounting is being adhered to correctly
Attend the meetings to offer quality advice to the financial results, and offer suggested improvements.
Closing the books for the end of year, and satisfying the audit requirements. Collection of supporting documents, and liaising with auditors to complete adjustments to obtain an unqualified audit report.
Why not use Xero as your small business accounting package? It is simple, affordable and will provide all the functions that you need to run your business. Xero is used by businesses worldwide to manage finance, payroll, banking, invoicing, purchasing and accounts payable. Sports Accounting Australia is certified adviser and can implement Xero to help you manage your day-to-day finance.
Generally reporting alone on monthly cycle does not provide enough detail on why and how the organisation has ended up in certain situations. An analytic review of the results will provide further details, and solutions to problems can be developed to avoid future occurrence, and improve your organisations efficiency.
Detailed analysis of business case decisions. Detailing the benefits and effort required for major decisions, so business decision makers can make informed decisions in the right path for the business. This would typically be for major events, sales contracts or change in business structures / systems.
Review current business process, and offer more efficient solutions for staff members to work within. Documenting process’s (work procedures) is very handy for the event of new staff changes, and ensuring all staff are following the most efficient business process. Business process improvement will lead to reduced errors & costs.
Providing a “what if” analysis provides decision makers within the organisation the tools to make better informed decisions. Many decisions are made based on assumptions, and by reviewing minimum, maximum & expected results, the impact of not meeting certain KPI’s on the financial outcomes will be better understood and potentially improve decisions made.
Prepare and execute committee and board presentations.
Our team members are experienced professionals, Certified Practicing Accountants and are specialists in sports accounting and management.
B. Bus CPA
B. Commerce (Accounting/IT), CPA
Business Services Manager
B. Information Systems
B. Commerce (Accounting)
DECF & BTS accounting
B. Bus CPA
B. Business (Accounting), CA
B. Commerce (Accounting & Economics)
B. Business (Accounting)
Sports Accounting Australia has been helping sports organisations with their finance and business planning for years, to great effect. Some of these case studies testify of the added value we can bring to our customers.
Developed overall and individual program budgets improving transparency over coding and improved clarity of both overall business performance and programs.