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Accurate Accounts

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Perth, WA
Accurate Accounts

Helping business owners get their numbers in order and make sense of their management accounts and financial reports. We don’t just enter the data.

Accurate Accounts based in Perth, offer cloud-based paperless bookkeeping services to help small businesses grow. We are passionate about numbers and specialise in helping business owners make sense of their financial situation so that they can make informed decisions while doing what they do best. That is delivering their goods and services to their customers for a profit. We are dedicated to the

success of your business and understand that every business is unique. We take the time necessary to understand your business, why you exist, and what you want to achieve, which enables us to create personalised bookkeeping packages to suit your specific needs. The Accurate Accounts team consists of highly experienced certified bookkeepers, registered BAS agents and qualified accountants who provide professional, reliable and trustworthy bookkeeping services saving you time and money while staying compliant with ATO requirements and accounting standards. We understand and interpret it into meaningful facts and figures that you can make sense of, regardless of your mathematical ability or financial understanding. Our budgeting services help you to spend money strategically and our cash flow forecasting identifies issues well in advance to proactively manage your business's cash flow needs. Our clients have seen a powerful impact on their productivity, growth and bottom lines since outsourcing their bookkeeping to Accurate Accounts and we believe that you will too. If you are in business and looking for a bookkeeper who always puts you first, and really cares about nurturing a long-term relationship with you, then contact us today for a free no-obligation consultation.

27/08/2026

Running a business is like steering a ship through unpredictable waters. To stay on course and avoid hidden risks, you need absolute visibility over your numbers. Instead of guessing, you must be able to confidently assess three critical areas of your operations:

🔹 The true stability of your daily cash flow.
🔹 Your ability to withstand a temporary shutdown or severe delays in payment.
🔹 Your actual profit margins compared to your competitors.

By regularly reviewing key financial metrics, such as liquidity, profitability, and leverage, you can accurately gauge your overall business health. The old saying "what gets measured gets managed" is incredibly relevant here.

Monitoring these numbers is all about actively steering your business towards long-term growth and bulletproof resilience.

At Accurate Accounts, we help you translate these complex ratios into clear, actionable strategies. Reach out to our team today on (08) 6243 1623, and let's ensure your business is equipped to handle whatever the market throws at it!

𝙋.𝙎. 𝙆𝙚𝙚𝙥 𝙖𝙣 𝙚𝙮𝙚 𝙤𝙪𝙩 𝙛𝙤𝙧 𝙤𝙪𝙧 𝙣𝙚𝙭𝙩 𝙥𝙤𝙨𝙩 𝙬𝙝𝙚𝙧𝙚 𝙬𝙚 𝙙𝙞𝙫𝙚 𝙙𝙚𝙚𝙥 𝙞𝙣𝙩𝙤 𝙋𝙧𝙤𝙛𝙞𝙩 𝙖𝙣𝙙 𝙇𝙚𝙫𝙚𝙧𝙖𝙜𝙚 𝙍𝙖𝙩𝙞𝙤𝙨.

25/08/2026

Your profitability and leverage ratios are the ultimate report card for your business. They tell you not just how much money you are making, but exactly how efficiently you are using your available resources.

𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗮𝘁𝗶𝗼𝘀
Think of these as snapshots of your business's ability to generate profit relative to its turnover. They act as the pulse check on your financial health at any given time. Here is a quick primer on the big three:

🔹 Gross Profit: This is your net sales minus the cost of goods sold. It is the raw profit before subtracting any operating expenses.
🔹 Operating Profit: Take your gross profit and subtract your selling and administrative expenses. This tells you what you are left with before considering other income or taxes.
🔹 Net Profit: This is your operating profit plus any other income, minus any additional expenses and taxes. It is your true "bottom line."

𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗥𝗮𝘁𝗶𝗼𝘀
Leverage ratios assess your ability to meet financial obligations by comparing your debt to various financial metrics. A popular one is the debt ratio, which measures the percentage of your business's assets that are financed by debt. For example, a business with $1 million in assets and $250,000 in debt has a debt ratio of 25%, showing it clearly holds more assets than debt.

Understanding these specific metrics can seem daunting, but knowing what to measure and how to make sense of the information to inform your business decisions is incredibly important. Mastering your management accounts and financial reports is what separates stagnant operations from resilient, growing businesses.

20/08/2026

Many small business owners severely underutilise the wealth of insights sitting right inside their accounting software.

Unearthing these hidden avenues for growth within your existing operations not only saves you substantial resources, but it also allows you to capitalise on the groundwork you have already laid. By leveraging your existing knowledge base and financial history, scaling your operations actually becomes a much simpler process.

Even if active growth is not currently on your immediate radar, planning for it is absolutely vital. Without a clear forward trajectory, your business is at serious risk of plateauing, or worse, actively going backwards.

You do not need to guess your next move. By analysing and dissecting your financial data, Accurate Accounts empowers you to make confident, strategic decisions based on a solid understanding of your true potential.

Reach out to our team today on (08) 6243 1623, and let's unlock the growth hiding in your numbers!

18/08/2026

The accounting method you choose directly impacts your business growth.

You can use either cash accounting or accrual accounting to record and report your financial transactions. The right choice depends entirely on the size of your business, your long-term goals, and your regulatory requirements.

Here is a simple breakdown of the pros and cons of each method:

𝗖𝗮𝘀𝗵 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 (𝗠𝗼𝘀𝘁 𝗼𝗳𝘁𝗲𝗻 𝘂𝘀𝗲𝗱 𝗯𝘆 𝘀𝘁𝗮𝗿𝘁-𝘂𝗽𝘀 𝗮𝗻𝗱 𝘀𝗼𝗹𝗲 𝘁𝗿𝗮𝗱𝗲𝗿𝘀)

The Pros: It is incredibly straightforward. Transactions are recorded exactly when they are received or paid, giving you an immediate view of your cash flow. It also offers tax benefits, as you only report income when the cash is actually in your hands.

The Cons: It provides a very limited view of your overall financial health because it ignores accounts receivable and payable. This makes accurate, long-term strategic planning quite difficult.

𝗔𝗰𝗰𝗿𝘂𝗮𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 (𝗜𝗱𝗲𝗮𝗹 𝗳𝗼𝗿 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀)

The Pros: It provides a highly accurate representation of your financial health by recording revenue and expenses when they are incurred, regardless of cash flow. This aligns your revenue with your expenses and makes long-term planning much more precise.

The Cons: It is significantly more complex and usually requires professional assistance. It can also create cash flow challenges, as you may need to pay tax on revenue before the physical cash has actually landed in your bank account.

Choosing the right method for your operations is a critical decision. Whether you are brand new to business or already well-established, you need the right setup to scale effectively.

13/08/2026

The true financial cost of doing your own bookkeeping will shock you.

Many small business owners handle their own accounts to save money, but the reality is that DIY bookkeeping carries a hidden cost. Here is a simple way to figure out exactly how much you are actually spending to do it yourself:

𝗦𝘁𝗲𝗽 𝟭: Determine the number of hours you spend managing your bookkeeping each week.

𝗦𝘁𝗲𝗽 𝟮: Multiply those hours by your standard hourly charge-out rate.

𝗦𝘁𝗲𝗽 𝟯: Take that number and multiply it by 50 (the approximate number of working weeks in a year).

The resulting figure is exactly what it costs your business in lost revenue to manage your own books.

Stop losing valuable hours to data entry. Reach out to the Accurate Accounts team today at (08) 6243 1623 or send us a message, and let us give you your time back so you can focus on growth!

11/08/2026

At Accurate Accounts, we do much more than just basic bookkeeping and data entry. We actively partner with small business owners to translate confusing financial reports into clear, actionable insights.

Our proactive approach is designed to prevent exactly that. We dive into your numbers to identify hidden risks, highlight new avenues for growth, and give you the absolute confidence to make informed, strategic decisions.

Reach out today for your free review and recommendations. Call our team on (08) 6243 1623 and let's turn your data into your biggest asset.

06/08/2026

Taking cash payments in your business is perfectly fine, but what you do with that money next matters immensely.

It is incredibly important to record every single transaction and deposit the physical cash into your business bank account or petty cash before you spend it. Taking cash from a customer and immediately using it to buy supplies or pay bills is a fast track to bookkeeping chaos.

Consider this scenario: you take a cash payment from a client and immediately use those notes to buy office supplies on your way home. If you forget to record the cash income or lose the receipt for the supplies, that expense effectively disappears. Your recorded income becomes inaccurate, you miss out on a perfectly valid tax deduction, and your bookkeeper is left trying to figure out why the accounts do not balance.

Additionally, failing to establish a clear paper trail directly affects your tax management. The ATO requires precise reporting of all business income and expenses, and these untracked cash movements can quickly lead to penalties.

Maintaining organised, accurate financial records is the key to your long-term success. It ensures your books balance perfectly and saves you from the massive headache of resolving easily avoidable discrepancies down the track.

04/08/2026

You have just finished a massive job for a client. The work was flawless, and they are thrilled. But instead of sending the invoice right away, you tell yourself you will "do it on the weekend."

Weeks go by, the invoice is still sitting in your drafts, and your cash flow takes a massive hit.

Late invoicing is one of the most common bottlenecks for small business owners. When you delay sending the bill, you automatically delay getting paid, which forces unnecessary financial pressure onto your operations.

You do not have to spend your weekends catching up on invoicing. With cloud accounting software like Xero, we can help you set up automated, on-the-go invoicing so you can bill your clients the second the job is done!

30/07/2026

Did you accidentally buy your weekend groceries on the business card again?

When you are running a small business, the line between your work life and personal life gets blurry. But that blur should absolutely never extend to your bank accounts.

Using your business card to pay for a personal coffee, or using your personal account to buy office supplies, might seem harmless at the time. However, mixing these finances creates a massive headache when it comes to categorisation and tax time. It takes your bookkeeper twice as long to untangle the mess, which ultimately costs you more in accounting fees.

The golden rule of clean bookkeeping? Keep them completely separate.

If your accounts are currently a tangled web of personal and business expenses, do not panic. The team at Accurate Accounts can help you clean up the mess and set up a simple, stress-free system moving forward.

Reach out today on (08) 6243 1623 and let's get your accounts organised!

28/07/2026

𝗬𝗼𝘂𝗿 𝗽𝗿𝗼𝗳𝗶𝘁 𝗮𝗻𝗱 𝗹𝗼𝘀𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗹𝗼𝗼𝗸𝘀 𝗴𝗿𝗲𝗮𝘁, 𝗯𝘂𝘁 𝘆𝗼𝘂𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝗶𝘀 𝗲𝗺𝗽𝘁𝘆. 𝗪𝗵𝘆?

It is one of the most frustrating moments for any small business owner: looking at a Profit and Loss report that shows a healthy profit, only to check the bank balance and wonder, "𝙒𝙝𝙚𝙧𝙚 𝙞𝙨 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙢𝙤𝙣𝙚𝙮?"

The truth is, profit and cash flow are two completely different things.

Your business might be highly profitable on paper, but if your cash is tied up in unpaid invoices, excess stock, or massive loan repayments, you will still struggle to pay your team or yourself. Understanding the timing of cash moving in and out of your business is just as important as your profit margins.

If you are tired of the disconnect between your reports and your bank balance, we can help. At Accurate Accounts, we specialise in cash flow forecasting to give you total visibility over your actual cash position.

Send us a message today, and let's get your cash flow matching your profit!

Address

3 Rosslyn Street, West Leederville
Perth, WA
6007

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61432097969

Website

http://www.accurateaccounts.com.au/

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