Eternity Group

Business services — Bookkeeping

Xero Bookkeeping Services

Accurate Xero bookkeeping, disciplined bank and clearing reconciliations, correct GST coding and clean month-end reporting — records kept BAS-ready and year-end-ready by a Chartered-Accountant-led practice.

Book a Bookkeeping Scoping CallView Fees
  • Xero bookkeeping
  • Bank reconciliation
  • Clearing accounts
  • GST coding
  • Month-end reporting
  • BAS-ready

Eternity Group Accountants provides business advisory and BAS services as a registered tax agent (TPB 25523469). Information on this page is general in nature and does not take into account your specific business circumstances. Engagement scope, fees and deliverables are confirmed in a written engagement letter before work begins.

Who it's for

Businesses that want a Xero file they can actually rely on.

Bookkeeping services for owners who are tired of guessing whether the numbers are right. Whether you run the books yourself and want them reviewed, or hand them over entirely, the goal is the same: a reconciled, correctly coded file that holds up at BAS and tax time.

Owners running their own Xero

You enter the day-to-day but want the reconciliations, GST coding and clearing accounts checked so nothing compounds into a year-end mess. We review the file, fix what needs fixing, and keep it on track.

Sole traders and contractors

ABN income with a manageable transaction volume but no appetite for the admin. We keep the Xero file reconciled and the GST coded correctly so the quarterly BAS and the individual return follow on cleanly.

Sole trader tax return

Growing Pty Ltd companies

Past the early stage where do-it-yourself bookkeeping stops scaling. Reconciled accounts and clean reporting that keep directors informed and the year-end company return free of clean-up work.

Small business accountant

Trades and service businesses

Higher transaction volume, job-based invoicing and staff on the books. We keep the file reconciled and the GST coded each period so you can quote and run jobs rather than chase paperwork.

What this service covers

Reconciled, correctly coded, and reported clearly.

The quality standard behind our bookkeeping. Each element exists to make the file trustworthy — so the numbers you see, the BAS you lodge and the return you sign all come from the same reliable source.

Xero bookkeeping

Coding · chart of accounts · bank feeds

Transactions coded to the correct account and GST treatment, with a chart of accounts that suits how you actually run the business. We review bank feeds, set up rules where they help, and keep the file structured so reports make sense rather than sprawl. Where the Xero set-up itself needs attention, our Xero set-up and migration work can scope that first.

Reconciliations

Bank · credit card · loan · clearing

Every connected account reconciled to the statement, with duplicate and unmatched transactions resolved. Critically, we check clearing and suspense accounts so they do not quietly accumulate balances that distort the balance sheet. A reconciled file is the difference between a feed that imports data and a record you can actually trust.

GST review

Coding accuracy · BAS-ready records

GST coded correctly as we go — capital versus expense, GST-free and input-taxed items, and overseas purchases with no Australian GST. Getting this right through the year means the quarterly BAS is a review, not a reconstruction, and avoids the GST surprises that come from a file pulled together at the last minute.

Month-end reporting

P&L · cash position · owner summary

A concise month-end pack: profit and loss for the period, current cash position across accounts, and a plain-English summary written for the owner. Enough to make decisions on. Where you need richer, decision-support reporting, our management reporting builds on the same reconciled file.

Why it matters

Clean books are the foundation everything else stands on.

Bookkeeping is rarely the reason a business owner loses sleep — until tax time arrives and the numbers do not add up. The value of disciplined bookkeeping services is not the data entry; it is what reliable records make possible everywhere else. A reconciled, correctly coded Xero file feeds straight into your BAS agent lodgement, your management reporting and your year-end return, so each piece of compliance is a continuation of clean work rather than a clean-up exercise.

Because we are a Xero accounting practice as well as your bookkeeper, the people keeping your books understand how every coding decision flows into the BAS and the tax return. GST treatment, capital versus revenue, and account classification are settled with the year-end position in mind — not left as isolated entries that someone else has to unpick later. That single line of sight, from bank feed to lodged return, is what makes a file genuinely BAS-ready and year-end-ready.

It also makes the wider relationship easier. When your accountant already holds reconciled numbers, conversations about tax planning and structure start from facts rather than guesswork, and the annual accounting and tax work is faster and more predictable. Good bookkeeping is the quiet foundation that makes the rest of the picture sharper.

What to watch

The bookkeeping issues that quietly cost you later.

Unreconciled clearing accounts

Clearing and suspense balances that build up unnoticed are one of the most common causes of a distorted balance sheet. We check and clear them each period so the file reflects what is actually happening.

Auto-coded bank feeds left unchecked

Bank rules and feed suggestions are useful but not infallible. Left unreviewed, they push transactions to the wrong account or GST code. We review rather than rubber-stamp what the feed proposes.

GST coded the wrong way

Overseas subscriptions with no Australian GST, capital purchases, and GST-free items are routinely mis-coded. The error surfaces at BAS time as a discrepancy. Coding it right as we go avoids the scramble.

A year-end clean-up every July

If your accountant rebuilds the file before every tax return, you are paying twice and trusting numbers nobody checked through the year. Keeping the books reconciled monthly turns the return into a review, not a rescue.

How we work

From file health check to a file you can trust.

A clear path from wherever your books are now to a reconciled, correctly coded Xero file that stays that way.

File health check

We review the existing Xero file for unreconciled accounts, mis-coding, clearing balances and any backlog, and agree the chart of accounts and reporting format. Where a catch-up is needed, it is scoped and quoted up front.

Reconcile & code

We reconcile every bank, credit card and loan account, resolve duplicates, clear suspense balances and code transactions to the correct account and GST treatment. Anything unusual is flagged for you to confirm.

GST & balance-sheet review

A review pass over GST coding and balance-sheet control accounts so the records are genuinely BAS-ready. This is what turns a quarterly BAS into a quick review rather than a reconstruction.

Report & maintain

A concise month-end report goes to you, and the file is kept reconciled period to period so the BAS, management reporting and year-end return all run off the same clean source.

Frequently asked questions

Bookkeeping services — common questions.

This page describes the bookkeeping services and the quality standard behind them — Xero set-up reviews, reconciliation discipline, GST coding and reporting accuracy. The monthly bookkeeping package is the recurring engagement that delivers that work on a fixed cadence and fee. If you want the ongoing arrangement, the package page covers cadence, scope and how the fee is structured; if you want to understand how the work is actually done and to what standard, this page is the right place. Most clients read both and then book a scoping call.

Related

Where bookkeeping fits in

Reconciled books are the foundation the rest of the work runs on. If you want the ongoing arrangement rather than the service overview, start with the monthly bookkeeping package.