Carol Hill
Hi there, I am the founder and owner of Odyssey Bookkeeping. My career of over 35 years has provided me with opportunities in various fields including: Purchasing & Logistics Management, Inventory Management and Administration & Bookkeeping. Additionally I have previously been a small business franchise owner. With this experience I can relate to owners of small business and I know how to run the back office. I am a registered BAS agent & Bookkeeper and a member of the Australian Institute of Bookkeepers. I offer remote log in service, or I can come to you*. I am a MYOB Partner & STP champion, and a certifed Xero advisor. I look forward to meeting you and working with you to tailor a package to suit your business bookkeeping needs.
Our Services
DAY TO DAY
Spend your time on what you do best, growing your business.
Odyssey Bookkeeping can replace your back office by undertaking the following duties:
- Payroll - Input timesheets - calculate & track leave entitlements, tax & superannuation, and issue payslips. Our preferred software is also capable of providing Single Touch Payroll.
- Data entry - Input of all business related transactions including Purchase orders, Invoices, Sales orders, Payments received & payable, Stocktake data entry.
- Debtor Management - Improve your Cash Flow by being paid on time. Odyssey Bookkeeping can professionally represent your business pursuing payments due.
- Mobile service with pick up and delivery *within 50km of 2745
REPORTING & BAS
Odyssey Bookkeeping can work with you to ensure your GST, PAYG & Superannuation obligations are met.
- Reconcile your accounts and prepare & lodge your BAS (Business Activity Statement) with the ATO.
- Electronic Lodgement - because we are a Licensed BAS Agent we can lodge your BAS electronically. We can also electronically track & process your Superannuation commitments.
- Printed GST and Superannuation reports are supplied with each lodgement.
ANNUAL REPORTING & KPI's
Odyssey Bookkeeping will prepare your accounts and annual reports in readiness for your accountant.
- PAYG Payment Summaries will be prepared and electronically issued to your staff.
- Annual Reports will be prepared based on your requirements.
- Odyssey Bookkeeping will work with your accountant to ensure your business meets ATO requirements.
- Odyssey Bookkeeping can facilitate the development of, and report on Key Performance Indices to chart and measure your business activities and performance.
News & Tips
HOME-BASED BUSINESS
BUSINESS PERFORMANCE
HOME-BASED BUSINESS
If you operate your business as a sole trader or partnership, you can claim a deduction for the costs of running your business from home. There are two types of expenses for your home-based business. These are running expenses and occupancy expenses. Whether you can claim running expenses only, or both depends on whether you have an area of your home set aside as a "place of business".
If you operate your home-based business as a trust or company the business should have a genuine, market-rate rental contract (or similar) agreement with the owner of the property. This will determine which expenses the business pays for and can claim as a deduction. If there isn't a genuine rental contract, there may be tax implications for you and the business.
ato.gov.au/homebasedbusiness
SUPERANNUATION
BUSINESS PERFORMANCE
HOME-BASED BUSINESS
If you are an employer, you need to pay super contributions for your employees electronically (electronic funds transfer or BPAY®) and send the associated data electronically.
The data is in a standard format so it can be transmitted consistently across the super system – between employers, funds, service providers and the ATO. It's linked to the payment by a unique payment reference number.
This means you can make all your contributions in a single transaction, even if they are going to multiple super funds.
All employers should be using SuperStream. When this is not the case, help can be sought from your tax agent or bookkeeper, or you can speak to your superfund.
BUSINESS PERFORMANCE
BUSINESS PERFORMANCE
BUSINESS PERFORMANCE
Even though you may set your own business targets, report and take action based on KPI's, it is always a worthwhile exercise to periodically evaluate how your business measures up in comparison to the industry standard. It's a great way to check if your business is on track. If your business is within the benchmark range, you can generally be satisfied that you are doing just as well as your competitors. Keeping in mind that location and business circumstances will impact your data.
By using ATO tools Odyssey Bookkeeping can provide you with ATO reports where you can see how your small business compares to the industry standard.
Provided we are able to collect the required data from your records we will be capable of presenting you with a report based on your industry benchmark ranges as reported by the ATO.
Inquire with us by completing the Contact us action or simply give us a call.
