How Mt Gravatt Bookkeeping Was The Key to Unlocking This Real Estate Agency’s Success

The founder of a new real estate agency in Mt Gravatt knew running his own business would bring plenty of challenges, so he engaged a local bookkeeper to ensure the finances were done right from the start. Between managing listings, employing staff, and chasing clients, he knew that having an organised system was going to give him a strong foundation to build on and allow him to focus on just setting up and growing his business. 

He reached out to us at Darcy Bookkeeping & Business Services in Mt Gravatt to set up their books from scratch and get everything organised from day one. By taking a proactive approach, the agency started with accurate, efficient books, making it easier to track transactions, manage payroll, and stay on top of GST and BAS. This gave the owner enough time to lay the groundwork for a smooth-running, professional business right from the outset.

What Our Mt Gravatt Bookkeeping Service Delivered

We started by setting the agency up on Xero bookkeeping software. This included creating employee profiles and setting up payroll, superannuation, and leave entitlements. Right from the onboarding stage, the owner knew his team would be paid accurately. We also registered the business for GST, ensuring everything was fully compliant with the ATO. 

From there, we provided ongoing full-service bookkeeping. This included regular bank reconciliations, quarterly BAS lodgements, and end-of-year tax preparation. We also generated reports such as profit and loss statements, balance sheets, and cash flow summaries so the owner always had a clear picture of his finances.

By having the foresight to outsource financial management to professionals from the very beginning, the agency avoided a lot of the last-minute stress, costly mistakes, and potential penalties that many new business owners run into. Most importantly, he had peace of mind that the financial side of the business was taken care of, so he could focus all of his energy on doing what he did best.

To summarise, our Mt Gravatt bookkeeper managed:

• Setting up Xero from scratch, including employee profiles, payroll, superannuation, and leave entitlements
• Registering the business for GST
• Regular bank reconciliations and maintaining accurate records
• Preparing and lodging quarterly BAS and end-of-year tax reports
• Generating financial reports such as profit and loss statements, balance sheets, and cash flow summaries
• Ongoing full-service Xero bookkeeping support in Mt Gravatt

The Value of a Dedicated Mt Gravatt Bookkeeper

With everything running smoothly behind the scenes, the Mt Gravatt real estate agency is thriving, and the owner has never had to deal with bookkeeping errors, non-compliance issues, or missed payments. 

The Xero accounting system continues to function efficiently. Staff are paid on time, GST and BAS are lodged correctly, and all reports are handled by qualified professionals. Instead of worrying about administration, the owner can focus fully on his passion for property and growing a strong reputation in Mt Gravatt.