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  • Writer's pictureJasper Wong

What is Financial Admin?

Financial Admin encompasses the recording of financial transactions, preparing documents for transactions and ensuring that a business’ financial data is reliable.

Tasks include:

  • Controlling the budget

  • Writing financial reports

  • Providing money for projects

  • Responsible for the overall fiscal management

  • Accounting

  • Financial reporting

  • Bookkeeping, Payroll, Tax/BAS lodgements

What Financial Administration included on the day to day?

  • Keep track of sales, purchases, payments and receipts.

  • Work on the design maintenance and review of internal business processes.

  • Organise, collate and record financial data on a day-to-day basis and store this information in general ledgers.

  • Record the financial information of your business in a standard way, so that accountants can also access it.

  • Managing all business activity ATO lodgements.

  • Providing timely and accurate reports.

  • Payroll, STP and Superannuation lodgements.

What are the benefits of Financial Administration?

  • Equip business owners and operators with information about how their business is tracking at any given time.

  • Stakeholders have a good experience with interacting with the business. For example, suppliers get paid on time, invoices are issued in a timely manner and lenders and shareholders have accurate and reliable information to make decisions.

  • Businesses have the right information to make informed decisions.

  • Businesses have the correct information to make lodgements with the tax authorities.

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