LedgLink Solutions

Accountants Growing Small Business
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20/220 Boundary Road
Cherrybrook 2126
New South Wales  Australia
Tel 1300 532 957
Fax (02) 9875 5736
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Accounting Service

How our Accounting Service works
 cpa.JPG LedgLink Solutions
is a CPA Practice

The table below details how LedgLink and the Client work together through the accounting cycle.

For a more detailed explanation of each step or task in the cycle, please click on the information icon.

Click for more info on the current item
Step The Client Data Flow LedgLink
Upfront Bookkeeping

1

Provides paper documents and any relevant manual records

The Client's Bank can provide electronic statement records where authorised

 

Client provides Accounting Data to LedgLink

More info on data capture  

Data enters the records

Reviews postings for any GST, income tax or GL coding issues

 

2
Reviews, investigates and clarifies any coding issues

 

LedgLink seeks clarification on coding issues from the Client

More info on coding correction  
Prepares a report or file of coding issues to be clarified by the Client

 

3
Returns corrected records to LedgLink for completion of coding
Client returns resolved coding issues to LedgLink. LedgLink completes data entry.
Completes coding

The BAS Cycle

4
Reviews the BAS return

 

 Ledglink prepares BAS Return for client review

For more info on BAS Returns
Compiles BAS return for Client review and authorisation

 

5
Authorises lodgment of BAS return

Client authorises LedgLink to lodge BAS Return

For more info on BAS Returns  
Lodges BAS return with the ATO
Financial Reporting and Income Tax returns

6

  

 

For more information on the interim accounts pacl  

 
Compiles interim financial report packs each reporting cycle and the annual accounts pack at year end

also

Prepares tax return at year end

7

Jointly reviews the interim financial report pack with LedgLink

Adjusts the current year budget as appropriate

Prepares next years budget in last quarter of the current year
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For more info on management review meetings  

Organises quarterly management review meetings that are tied to the presentation of the interim accounts

8

Jointly reviews annual accounts

Jointly reviews tax return

Adjusts the new year budget as appropriate

 

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For more info on management review meetings

Presentation of annual accounts and tax return at annual management review meeting

 

9
Authorises lodgment of the interim or annual accounts

Authorises lodgment of the tax return
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Lodges with ASIC where required


Lodges with the ATO

 

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Copyright 2006 - 2008 LedgLink Solutions ABN: 32 096 414 139
Principal: graham Stewart

Liability limited
by a scheme approved
under Professional
Standards Legislation		 COE_logo_blue_120208_minimised.GIF