Let us track, record and deposit all your customer payment methods. Receiving through customer payments or through money transactions are just some of the ways that we can allocate.
Bank deposits may be set up by us, for you, using a variety of types such as group payment types, cheques, visa, cash and so on. With an undeposited funds account we can pool all your received payments before they have been cleared at the bank, linking it to ensure that all received payments are allocated to the correct account.
Tradie Bookkeeping Specialists will take the guesswork out of your payment recording, keeping your administrative system efficient and running smoothly. Some transactions can become a little tricky: trading receivables with payables, recording a customer’s down payment or deposit or possibly even recording a bad debt.
If you sometimes trade using a bartering system or a split between cash and trade, Tradie Bookkeeping Specialists will ensure that this is recorded so that you have a more accurate idea of the associated income and expenses and also ensure that your record keeping of these type of transactions are compliant.
If a customer makes multiple payments over a period of time, we know exactly how to show the liability on the balance sheet as well as how to track and report on all payments. By recording your customer payments correctly, we ensure that there are no issues such as overstated income, paid invoices still outstanding in your system and difficulty reconciling deposits. All payments, even if only part payment, should be recorded. We will keep track of your open balances and ensure that partial payments are correctly allocated.
In short, we can and will take the pain out of your payment recording process so that you can get back out in the field.
OUR TRADIE BOOKKEEPING SERVICES:
Recording Transactions Services
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