Keeping Company FAQs

Keeping Company is an award-winning Australian bookkeeping and accountancy firm, recognised as Bookkeeping Firm of the Year at the prestigious Australian Accounting Awards 2020, 2022

At Keeping Company, we’re not just accountants, we’re business people too. With years of impactful experience in navigating the market, we know what it takes for a company to build towards and achieve success. We offer an expert blend of strategic financial and business advice, grounded in real world business experience, to help your business achieve its goals.

We’re trusted by some of Australia’s most exciting fast-growing businesses, thanks to our extensive expertise, thorough approach, and personal attention and care.

Keeping Company can handle your accounting and bookkeeping end-to-end including streamlining your accounting processes; balancing your books; processing payroll; managing accounts receivable and accounts payable; tax planning; processing superannuation; preparing budgets and forecasts; assisting with cash flow; lodging BAS/IAS; managing compliance; preparing financial and management reports; assisting with raising capital; providing Xero training; integrating Xero with other software such as inventory, online payment services or POS; preparing tax returns; and CFO/business advisory services.

Find out more about Keeping Company’s key service areas

As a first step we will undertake a thorough onboarding process which includes meeting with you to do a comprehensive review of your current processes and requirements. If you’re not already on Xero we will handle the migration to Xero. We will clean up your accounts and identify opportunities to create efficiencies. This process takes around 1-2 weeks. Once everything is set up, you will be appointed a dedicated account manager who will be your point of contact for anything you need going forward.

Keeping Company will require information on your requirements and processes upfront to ensure a smooth onboarding process. We recommend you prepare the following to share with us at the onboarding stage; current accounting processes, list of reporting requirements and frequency; collectibility of aged receivable balance; payability of aged payable balance; superannuation requirement for contractors; payroll tax liability; FBT liability; fixed asset register; business Insurance and workers compensation details; payroll filing; superannuation payments; if the entity is a trust, trust minutes signed before the end of financial year; if the entity is a not for profit, copies of grants; and list of software to be integrated with Xero.

Outsourced bookkeeping and accounting services refers to an arrangement where your business engages an external firm to handle your business’ bookkeeping and accounting on your behalf. Instead of managing your finances in-house, a team of experts is contracted to take on this responsibility for you.

This approach frees up time and creates efficiencies in your business, reduces the costs compared to employing a bookkeeper or accountant in-house, gives you the flexibility to scale your investment up or down as required, pairs you with an entire team of experts with greater knowledge, and unlocks opportunities for more sophisticated financial governance.

Keeping Company’s services are competitively priced with a high ROI, and are tailored according to your business’ specific needs. Compared to the costs of employing someone in-house, Keeping Company’s costs are substantially less. We offer both fixed fee and retainer arrangements based on your needs.

We are also an excellent alternative to working with the big four accounting firms when your situation is more complex – such as raising capital – providing a similar service for a fraction of the cost.

Keeping Company primarily works with high-growth startups and SMEs, who are typically underserved and overlooked by other firms.

Keeping Company’s leadership team has decades of experience founding and running small and medium sized businesses – our refined value proposition is ‘for founders, by founders’. We add enormous value to up-and-coming businesses because we’ve been there – we know the headaches that come with financial governance, seeking funding or tackling staffing issues.

We are proud to work with some of the most exciting high-growth businesses in Australia today. Check out our client case studies for more information.

We also have extensive experience working with not for profit organisations.

As an innovative, digital-led business, Keeping Company only works with industry leading software Xero. Xero represents the best accounting software available today. As a cloud-based accounting software solution, Xero connects you with your financial information anytime, anywhere, on any device. Xero is intuitive and easy to use. It can be integrated with thousands of other apps, giving you the opportunity to fully customise the experience for your business.

For those clients already on Xero, we unlock the full potential of the Xero software for your business including customisation, app integration and reporting. For those new to Xero, we help you adopt Xero and ensure your migration to Xero is seamless with minimal downtime.

Our knowledge of Xero is so extensive that we have been engaged by one of the big four accounting firms as well as one the largest legal firms in Australia to train their teams on Xero.

Keeping Company is based in Sydney, Australia but works with clients based all over the country. By leveraging cloud technology, we are able to provide expert accounting and bookkeeping services virtually.

Keeping Company is a registered tax agent (licence no. 25223250). Several members of our team are Chartered Accountants which means they have completed extensive post-graduate qualifications and complete continuing education to remain at the forefront of accounting practice. We are members of CPA Australia, Chartered Accountants Australian & New Zealand (CA ANZ) and The Tax Institute.