Frequently asked questions
Though it may be possible for you to fulfil your bookkeeping requirements.. Is it really worth it? Time spent on bookkeeping could instead be spent on operating your business or spending quality time with your family.
Another consideration is the accuracy and reliability of your bookkeeping capabilities. Are you up to date on the latest tax laws? Are you able to understand how a reconciliation effects your profit? By engaging Agyle’s services, you ensure accuracy, and our qualified chartered accountants will help you understand your company’s financial situation.
Choosing to work with an organization like Agyle, instead of hiring an internal bookkeeper, boils down to cost and skillset. Our bookkeepers are qualified Chartered Accountants with extensive knowledge of all tax compliance issues, enabling them to add significant value to your business. Additionally, Agyle’s services are often more cost-effective than hiring a full or part-time employee.
That is really up to you, At Agyle, we provide a detailed quotation, and you have the freedom to choose the specific services you desire. This can range from an all-encompassing solution, where you won’t need to lift a finger, to a more tailored approach where you continue to handle some of your business’s bookkeeping requirements
Unfortunately, this is a very difficult question, to provide a quotation we need to understand your business’ scale and complexity. Luckily, Agyle offer a complimentary initial consultation at your business premises, during this time we will gain a thorough understanding of your business, allowing us to provide a detailed quotation with no obligation to continue using our services.
Allow Agyle to lodge BAS’ and minimise your risk of misstating claims with the ATO
This depends on the information available in your accounting file, if you have been setup by Agyle, there will be limited work required by you in the lodgement process.
As Agyle has usually setup a client’s accounting system, the cost for preparation and lodgement of compliance work will be below market price.
A virtual CFO provides the experience and expertise which normally costs in excess of $100K for only a fraction of the cost. It allows small to medium businesses to enjoy the benefits of having a Chief Financial Officer without having to employ someone internally. Other benefits include helping improve profitability and providing guidance on making informed decisions about your company’s financial future.
Unfortunately, this is a very difficult question, to provide a quotation we need to understand your business’ scale and complexity. Luckily, Agyle offer a complimentary initial consultation at your business premises, during this time we will gain a thorough understanding of your business, allowing us to provide a detailed quotation with no obligation to continue using our services.
The main service an Agyle CFO will provide are the monthly management meetings, where your financial performance from the prior month is analysed and discussed. At these meetings our team will provide further, business specific information tailored to your unique requirements. This may include job or product costing, budget vs actual analysis or expenditure review.
Changing your business structure down the track can have significant complications, cause you to be required to pay extra tax, and therefore create a load of additional administration. All of this, however, can be avoided by planning ahead by working with Agyle.
There are a number of various business structures, these include:
Sole Trader
Partnership
Company
Trust
Not-for-profit
This depends entirely on your business; what are its plans for growth? Will you have staff? Will you have business partners?
Your business plan will determine the best structure, and Agyle can advise on this.
Agyle will analyse your business needs and recommend the best product applicable to your situation. In most cases, a few products are tabled and you are able to choose the best match for your business.
99% of cloud based applications are much more user friendly than the current desktop systems you may be using. Agyle will also provide training for any system changes and provide a how-to guide/ step by step guide for anything difficult.
Usually cloud technology comes out cheaper than its desktop counterpart, with cloud computing, you can simply scale a subscription up and down according to requirements and adjust IT expenditure to reflect immediate needs.
Yes! The hard yards you put in for the first few weeks learning and implementing the system will save you thousand of hours over the next 5 years
