Get some balance
back in your life
We’ll take care of your accounts while you take care of yourself! Start the weekend early, spend more time with the kids or dust off that sporting equipment and head out with your mates.
in your business
We can simplify your accounting through smart and efficient tailored solutions. Eliminate manual tasks and duplication by implementing the right accounting software and business systems for you.
when you need them
Always have a clear picture of how your business is performing. Be secure in the knowledge that your financial results are accurate and up-to-date allowing you to make the best decisions.
Get back to focusing
on what you do best
Let a professional accountant complete your monthly accounts. We can get things done quickly, efficiently and accurately leaving you more time to build your business and get some balance back into your life.
to the future
Don’t wait until year-end to look at accurate, complete results for your business. Make informed decisions and plan for the future. We can help with budgets, forecasts and cashflow forecasts.
The benefit of an in-house
accountant without the fixed cost
Not ready to employ a full time accountant but want the insight and advice they can provide? Let LBA fill this role in your business on an ‘as needs’ basis. We can prepare reporting packs, provide analysis and commentary on your business results and attend monthly management meetings.
Trying to do the accounts yourself while running your own business? Leave the admin to us. We can get your accounts up-to-date in no time. Our bookkeeping services include invoicing, debt collection, entering supplier invoices, coding credit card purchases, preparing payments for authorisation, bank reconciliations and management of your fixed asset register.
Payroll is a complex area of accounting. Are you confident you are getting the calculations right and meeting your obligations as an employer? We can process your payroll, track employee entitlements, help with superannuation, undertake your annual reconciliation of wages and prepare payment summaries for your employees at year-end.
Are you getting your Business Activity Statements (BAS) right? We can review the GST coding in your accounts to check the tax treatment is correct, reconcile GST and PAYG Withholding accounts, prepare the BAS for your sign off, and then lodge it with the ATO. BAS Agents are given extended deadlines to lodge on your behalf and we can also deal with any ATO queries.
Monthly management reporting
To ensure your accounts are accurate they should be reconciled regularly. We can perform this service for you and prepare any month end journals to ensure your financial information is always accurate and complete. We then analyse the result and compare it to budget or forecast, and prepare dashboard reports that show your business’ key performance indicators. This is presented to management with commentary in plain English.
Budgets, forecasts and cashflow
We offer a suite of planning services. We can help you build a budget for the year and report against it monthly. We can prepare templates so you can update forecasts quickly and easily. We can also assist you with complete reforecasting if circumstances change significantly during the year. We can help you keep an eye on cashflow by translating your budget or forecast into a cashflow forecast using your payment terms and estimates of capital expenditure.
Accounting system implementation
We specialise in helping businesses choose and implement systems to streamline the back end of their business. From changing or setting up accounting software to finding a front end solution that integrates, we can help make your processes more efficient and robust. We manage the implementation and provide you and your staff with training and/or ongoing assistance.
Founder and director Ally Wilson began her career in Chartered Accounting specialising in private businesses.
Obtained her CA qualification and gained valuable tax and accounting experience.
Skills and Development
Worked with a diverse range of businesses from design agencies, motor dealerships, book and magazine publishing businesses to retail furniture, construction and property investment entities.
Life Balance Accounting
Passionate about working hard but maintaining a good work/life balance, Ally started Life Balance Accounting to assist business owners in getting their lives back under control. By providing the full range of in-house accounting services LBA gives small businesses the benefit of an internal accountant without the fixed cost.