Next Dimension’s strength lies in relieving our clients of routine bookkeeping tasks while providing the reassurance of expert advice on important and complicated matters.
With our extensive experience, we can dovetail our services so that our clients retain control and confidentiality where they need it. Our clients are given a truly individual, needs-based service.
Xero conversion
Converting your existing accounting system to Xero will revolutionise the way that you operate.
As Xero partners, we have the experience to review your current accounting system and then integrate all relevant information into a new Xero Cloud Accounting Platform.
Our team will help you identify and install Xero add-ons that are relevant to your business and can streamline your operations.
Your new Xero platform will save you time and money along with providing real-time oversight of your finances.
We will set up your new account, making it easy for you to monitor and navigate your continued success with a fresh perspective.
Wherever you are, our team can ensure that Xero technology will work for you and bring you access and information when you need it.
Xero add-ons and integrated cloud systems
As Xero experts, we know the best add-ons and integrations for your business or not-for-profit.
We can provide advice, integrate, and help train your team to use up to date add-ons and integrations that are powerful and effective.
You will be surprised by the efficiencies that can be achieved when technology is implemented in the right way.
We continually monitor the best solutions for our clients and knowing about the latest add-ons and integrations is one of our key strengths.
Bookkeeping
Next Dimension will balance your books, allowing you to run your business. Our professional team will ensure that all your bookkeeping systems and processes are fit for purpose and function efficiently.
We can assist you with the following functions:
Accounts Payable
Accounts Payable and creditor matters can be streamlined with Next Dimension’s bookkeeping services, leaving you free to approve bills for payment.
We record bills from suppliers and reconcile monthly statements in Xero. We can be engaged to manage your regular creditors payment schedule.
Where the client requires more involvement we can also:
- Manage workflow and automation rules in DEXT and ApprovalMax
- Suggest technology to safeguard payments, including the latest apps.
Accounts Receivable
Accounts Receivable and debtor matters can be streamlined with Next Dimension’s Accounts Receivable services.
We set up clients with systems for an automated and structured debtor collection process. The automatic payment reminders in Xero will improve your cashflow.
We reconcile deposits against invoices issued.
We can regularly monitor for debtors and advise of collectability issues.
Payroll
Next Dimension will lift the burden of payroll tasks from you and your team, setting up automated cloud functions to deliver a smooth, timely payroll.
We can:
- process payroll, including payslips and tracking entitlements
- reconcile superannuation payments
- reconcile the Year End payroll and calculate actual wages for the workers’ compensation declaration annually.
Where you manage your own payroll, we can assist just in matters as required – such as first and final pay calculations – or help out with complex payroll issues and get the best advisers involved.
When requested we can manage other client tasks, such as timesheet approvals, salary sacrificing, employee payments and superannuation and filing STPs.
We can work on client tasks directly or through our trusted partners.
Assistance with financial audits
Next Dimension will manage the year-end financial audit process by working with our clients’ external auditors. We liaise with the external auditors right from the audit planning stage to audit completion. We will collate and provide all finance-related documentation requested, respond to all auditor queries and review the prepared financial statements prior to final sign-off.
Grant acquittals
The Next Dimension team has extensive experience working with not-for-profit organisations that hold government contracts and those that are recipients of government grants.
We develop systems and processes that monitor obligations and outputs under contract.
We also work with clients to develop budgets for grant applications and acquittal calculations that satisfy the requirements of the most detailed acquittal process.
ASIC and company secretarial
The Next Dimension team is experienced at assisting our clients to satisfy ASIC compliance requirements.
When acting as your company’s ASIC Agent, we receive electronic correspondence, provide a registered address and update ASIC details as requested.
Our company secretarial services will also ensure you stay on top of all reporting obligations.
Advice
As active supporters of our clients, we provide minor ad-hoc advice on bookkeeping matters. Next Dimension can act as a sounding board when you need to resolve accounting issues.
Benefits of working with Next Dimension Accounting
- Although the paper-based accounts era is long gone, we know many smaller organisations such as NFPs are struggling to update their systems. Next Dimension is experienced at upgrading bookkeeping systems so clients can transition comfortably to a new era and reap the benefits of modern flexibility and low overheads.
- Next Dimension Accounting is a fully costed service. When we quote our accounting service fees they are inclusive of relevant accounting software and minor-ad hoc advice.
- We will specify included subscriptions for software – including the essentials such as Xero, DEXT and ApprovalMax – within our engagement letter.
