Close

Online Accounting

Online accounting is a software service that is delivered over the internet. Unlike packaged software, there is no program to buy and install on your computer. Instead, users log in and access the system through the internet. An online accounting service we recommend is Xero, a NZ company who maintain and upgrade the system automatically.

The biggest advantage of online accounting is that it provides access anywhere and any time. This is particularly useful for businesses who have remote employees, external accountants or business owners who travel a lot. It also substantially reduces input error and double entry of information between the bookkeeper/owner and the external accountant.

In addition, online accounting does not require a large up-front investment in software or support contracts (which can get quite expensive) and it eliminates many of the usual IT hassles like installing upgrades, networking users to the system and making backup files.

Logicca will help train you or your staff on Xero and ensure we will review the accounts until we feel comfortable they are being accurately inputted and reconciled.

Online accounting is vastly more secure than traditional software as application service providers have far greater data protection measures than most companies have in-house.

Logicca plans and pricing

Logicca has three plans that can be tailored to suit your individual business needs – Logicca Nurture, Logicca Growth and Logicca Thrive.
They reflect the various stages of the business cycle – as the business grows, so do your compliance and accounting requirements.

Logicca Nurture

From

$250

Monthly

  • Includes monthly subscription to Xero Small or Medium
  • Initial training and set up by qualified accountants
  • Regular support via email and telephone, ensuring your information is being accurately entered while you adjust to the new system
  • Quarterly review of your accounts
  • Review and lodgement of your quarterly Business Activity Statement
  • Annual preparation and lodgement of your business income tax return
  • Preparation of annual management accounts
  • Annual meeting to discuss the accounts and additional areas

 

Logicca Growth

From

$500

Monthly

  • Includes monthly subscription to Xero Small or Medium
  • Initial training and set up by qualified accountants
  • Regular support via email and telephone, ensuring your information is being accurately entered while you adjust to the new system
  • Quarterly review of your accounts
  • Biannual meetings to run through the accounts and any business issues you may be experiencing
  • Review and lodgement of your quarterly Business Activity Statement
  • Annual preparation and lodgement of your business income tax return, including reviewing overall group tax position to ensure tax minimisation
  • Preparation of annual non-reporting entity financial statements including review of bad debts, tax deductibility of repairs and maintenance, preparation of the depreciation schedule, reconciling balance sheets items and considering potential Division 7A loan issues

 

Logicca Thrive

From

$1,000

Monthly

  • Includes monthly subscription to Xero
  • Initial training and set up by qualified accountants
  • Regular support via email and telephone, ensuring your information is being accurately entered while you adjust to the new system
  • Quarterly review of your accounts
  • Quarterly meetings to run through the accounts and any business issues you may be experiencing
  • Review and lodgement of your quarterly Business Activity Statement
  • Annual preparation and lodgement of your business income tax return, including reviewing overall group tax position to ensure tax minimisation
  • Preparation of annual non-reporting entity financial statements including review of bad debts, tax deductibility of repairs and maintenance, preparation of the depreciation schedule, reconciling balance sheets items and considering potential Division 7A loan issues
  • Run payroll, all quarterly and annual payroll reporting
  • Calculation and payment of state-based payroll tax obligations
  • Assist in developing business KPIs and enhanced customised management reporting
  • Assist in developing business plans and budgets