Frequently Asked Questions
How much experience does Maximum Pro Bookkeeping have?
Max has more than 10 years of bookkeeping experience, working with businesses across a wide range of industries throughout Australia.
What qualifications does Max have?
- Registered BAS Agent Licence
- Certificate III Bookkeeping & Accounting
- Certificate IV Bookkeeping & Accounting
- Advanced Diploma Business Management
- Advanced Diploma Sports Management
- Xero Certified Advisor Level 1
- Xero Certified Advisor Level 2
- Xero Certified Payroll Specialist
- Payroll System Certification
- BAS & IAS Certification
Does Maximum Pro Bookkeeping guarantee accuracy?
The business emphasises:
- Accurate bookkeeping
- Reliable reporting
- Compliance with ATO requirements
- Professional service
- Consistent communication
- Long-term client relationships
What is Single Touch Payroll (STP)?
Single Touch Payroll is an Australian Government reporting system requiring payroll information to be submitted to the ATO every pay cycle.
Maximum Pro Bookkeeping manages STP setup, reporting and compliance to ensure businesses avoid penalties.
What does payroll involve?
Payroll involves more than paying employee wages. Maximum Pro Bookkeeping manages payroll processing, including:
- Calculating wages, overtime, allowances and deductions
- Managing PAYG withholding and superannuation
- Tracking leave entitlements and accruals
- Maintaining employee records
- Supporting employee onboarding and terminations
- Preparing payroll reports
- Reporting payroll information to the ATO through Single Touch Payroll (STP)
By keeping payroll accurate and up to date, businesses can pay employees correctly, meet their reporting obligations and reduce the administrative workload.
What are accounts payable services?
Accounts payable services include:
- Managing supplier invoices
- Scheduling payments
- Monitoring due dates
- Cash flow management
- Supplier reconciliation
What are accounts receivable services?
Accounts receivable services include:
- Customer invoicing
- Payment tracking
- Outstanding debt monitoring
- Collection reporting
- Cash flow improvement
What is bank reconciliation?
Bank reconciliation involves matching accounting records with bank statements to ensure all transactions are accurate and complete.
Regular reconciliation identifies errors early and provides accurate financial reporting.
What is medical billing and reconciliation?
Maximum Pro Bookkeeping provides specialist bookkeeping support for medical practices by managing:
- Medicare reconciliation
- HICAPS reconciliation
- Private Health Fund payments
- Medical billing
- Practice financial reporting
What are CFO services?
CFO services provide strategic financial advice, including:
- Business performance analysis
- Cash flow planning
- Financial forecasting
- Profitability reporting
- Growth planning
- Business decision support