Bookkeeping for Growing Melbourne Businesses

Small Business Bookkeeping Services in Melbourne

Fixed-fee, accurate and fully managed bookkeeping that keeps your business organised, compliant and ready for EOFY reporting early — thanks to clean, up-to-date records all year round.

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Accredited. Connected. Trusted.

Certified Melbourne Accountants Backed by Australia’s Leading Platforms

Trusted by Melbourne’s medical professionals, ecommerce brands, and local service businesses. We simplify your tax, accounting, and growth strategy.

Our Bookkeeping Approach

Proactive Bookkeeping Built Around Your Business

Bookkeeping isn’t just data entry — it’s the foundation of every smart business decision. At 42 Advisory, we keep your numbers accurate, up to date and clearly organised so you can understand your position and act with confidence.

We handle your weekly, monthly and quarterly bookkeeping, payroll and BAS/IAS obligations while keeping everything clean, coded correctly and fully compliant. With a dedicated manager and an expert Melbourne-based team, you get clear communication, fast turnaround times and zero surprises.

Because your records stay accurate all year, your EOFY financials and tax return can be completed early and without the usual rush, giving you clarity and peace of mind long before most businesses even start their documentation.

Our goal is simple: make bookkeeping reliable, transparent and stress-free — so you have the financial clarity you need to grow.

Key Areas We Cover

Bookkeeping & Compliance Services

Xero Bookkeeping & Software Setup

We set up, optimise and maintain your Xero file for accuracy, automation and streamlined workflows.

Bank Reconciliation & Coding

Keep your books accurate, compliant, and up to date — without the manual grind.

At 42 Advisory, we combine smart automation with expert review to ensure every transaction is coded correctly and reconciled against your bank feeds in real time.

Our structured quality-review process catches anomalies early, flags duplicate or mis-coded entries, and keeps your ledger audit-ready at all times.

Whether daily, weekly, or monthly, your reconciliations are monitored by both our systems and your dedicated Melbourne-based accountant — giving you total clarity and confidence in your numbers.

Payroll Processing & Award Interpretation

Accurate, compliant, and effortless payroll — every time.

At 42 Advisory, we manage payroll for employees and contractors across all modern awards, including overtime, allowances, and timesheet processing. Our system automates calculations, updates pay rates in line with Fair Work changes, and ensures every payment is coded correctly for tax and superannuation.

We are also preparing for the shift to Payday Super, under which super must be paid on the same day as wages. Learn what this means for your business in our latest article → Read our guide to Payday Super

Superannuation Management

Superannuation made simple and fully compliant.
We ensure your employees’ super contributions are processed accurately and on time — every pay cycle. From SuperStream setup to ATO-compliant reporting, we handle approvals, reminders, and lodgements so you never miss a due date.

Our proactive payroll systems also include payday super automation, ensuring contributions are paid at the same time as wages — not quarterly — helping you stay ahead of new ATO requirements and avoid late-payment penalties.

Learn more about how Payday Super changes the game for Australian employers in our latest article

BAS & IAS Lodgement

Stay compliant, confident, and ahead of every deadline.

At 42 Advisory, we manage your BAS and IAS preparation, review, and lodgement with precision — ensuring every figure is backed by correctly coded GST, PAYG, and payroll data. Our team checks each return through a structured two-step quality process, combining automation with expert review before submission to the ATO.

Whether you lodge monthly or quarterly, we track all ATO due dates, reconcile discrepancies before they escalate, and help you avoid unnecessary penalties.

Need to plan ahead? View the key BAS and IAS due dates for 2026 →

TPAR Reporting

Ensure your Taxable Payments Annual Report (TPAR) is accurate, compliant, and submitted on time — without the year-end scramble.

At 42 Advisory, we manage the full TPAR process for businesses that pay contractors in construction, cleaning, courier, IT, and security services. Our systems automatically track reportable contractor payments throughout the year, so your figures are ready well before the ATO deadline.

We reconcile data against your bookkeeping records, verify contractor ABNs, and complete submission directly through the ATO portal — ensuring full compliance and zero surprises.

If you operate in the building or trades sector, learn how we help contractors and developers stay compliant → Construction Industry Accounting & Advisory

WorkCover & Payroll Reporting

Stay compliant and confident with accurate WorkCover declarations and payroll-based reporting.

At 42 Advisory, we prepare and lodge your annual WorkCover remuneration declarations, verify wage categories, and reconcile payroll data to ensure all figures are correctly reported to WorkSafe Victoria.

Our systems automate payroll and wage reporting throughout the year, reducing manual errors and last-minute adjustments, while our Melbourne-based team conducts a quality review before submission.

Management Reports & Insights

Turn your numbers into strategy.

At 42 Advisory, we go beyond bookkeeping to deliver clear, actionable financial insights through tailored management reports and visual dashboards.

Each report connects your profit, balance sheet, and cash flow data — helping you understand performance trends, identify opportunities, and make confident decisions.

For forward planning, we integrate 3-Way Forecasting to model future cash flow, tax, and growth scenarios, so you can see the financial impact of decisions before you make them.

Learn more about our 3-Way Forecasting and Advisory Approach →

For Melbourne Small Businesses

Built for Simplicity. Powered by Accuracy.

We help you stay compliant, save time and keep your books clean — with fixed fees, cloud-based workflows and a dedicated expert who knows your business. From payroll and reconciliations to BAS, super and reporting, everything is handled consistently and transparently, so you get clear numbers and confident decisions all year round.

Founders, Clinics, and Brands Who Trust Our Numbers

What Our Clients Are Saying

Very professional, highly recommended!!!

Paul M
Extreme MMA

42 have been outstanding for our clinic. They handle our Tax, BAS, payroll, and complex medical structures with absolute precision.

Belinda C
PM of Family First Medical Centre

As an online retailer, our sales move quickly across multiple platforms. 42 Advisory built clear reporting, managed our inventory accounting

Katerina P
CEO of Watches of Mayfair

Fantastic service and such an easy experience from start to finish. My accountant made everything clear and stress-free. Highly recommend!

Maria P
Founder of MWM Pilates

Predictable Accounting. Smarter Business.

Clarity Through Fixed Fees

At 42 Advisory, we don’t believe in surprise bills or hourly uncertainty.

Every small business we partner with enjoys a fixed-fee structure — meaning your accounting costs are predictable, transparent, and tailored to your business size and goals.

It’s how we make smarter financial advice accessible to every Melbourne business owner, from cafés to construction firms.

One Dedicated Bookkeeper, Full Clarity

Work directly with a dedicated bookkeeping manager who understands your business inside out — not a rotating offshore team. Get consistent communication, reliable processing and full visibility over your numbers, whenever you need it.
Clear records, clear answers, clear direction — the 42 way.

Accurate, Proactive & Always Up to Date

We don’t just “do the books.” We keep your Xero file clean, your payroll compliant, your reconciliations current and your BAS/IAS ready — so your EOFY reporting can be completed early and without stress.
Reliable, transparent bookkeeping backed by a team that thinks ahead.

Built for Melbourne Small Businesses

From trades and cafés to clinics, ecommerce and professional services, we specialise in helping Melbourne SMEs stay compliant, organised and confident. With accurate bookkeeping, correct award interpretation, on-time super and clear reports, you always know where your business stands.

Why Choose 42 Advisory

Tax Advisors Who Do More Than Crunch the Numbers

Clean, Accurate Books With No Guesswork
We don’t just “enter transactions” — we keep your Xero file spotless, reconciled and audit-ready at all times. From daily coding to month-end reviews, you get books that are reliable, consistent and crystal-clear. No messy files, no unknowns, no surprises.

Payroll, Super & Awards Done Properly
Payroll should never feel risky. We handle awards, EAs, allowances, timesheets, STP, superannuation and compliance with care and precision. Whether you have one employee or a full roster, everything is processed on time and correctly — every pay cycle. Learn more about Payday Superannuation →

Streamlined Systems & Smart Integrations
We help you get more from cloud bookkeeping with the right tools — Xero, Hubdoc, Dext, POS systems, job management apps and payment platforms. Smarter systems mean less admin, fewer errors and a smoother flow of information throughout your business. Read about Shopify integration →

Smarter Accounting Starts with Knowledge

Insights & Resources for Melbourne Business Growth

Designed For Growth

One Partner for Bookkeeping, Compliance & Confident Business Decisions

Small business owners need more than a bookkeeper who ticks boxes — they need a partner who understands their goals and keeps their financial data clean, accurate and decision-ready. At 42 Advisory, we combine proactive bookkeeping with ongoing guidance so you always know where your business stands and what comes next.

From day-to-day coding and payroll to BAS, superannuation, reconciliations and reporting, we keep your books accurate and compliant all year round. Because your data stays clean, your EOFY financials and tax return can be completed early, giving you clarity and space to plan — not panic.

Whether you’re growing, streamlining or just getting started, our Melbourne bookkeeping team ensures your systems run smoothly and your numbers stay reliable — with the calm, predictable support you’d expect from a firm called 42.

What We Offer

Explore Our Core Services

YOU MAY NEED TO KNOW

Frequently Asked Questions – Bookkeeping Services

What are bookkeeping services?

Bookkeeping services involve the accurate recording, categorisation, and reconciliation of a business’s financial transactions. This includes managing income, expenses, bank reconciliations, payroll processing, and preparing records for BAS, GST, and financial reporting.

What are outsourced bookkeeping services?

Outsourced bookkeeping services mean engaging an external professional bookkeeper or accounting firm like 42 Advisory to manage your day-to-day financial records, rather than employing an in-house bookkeeper. This approach provides access to expertise, systems, and controls without the overhead of internal staff.

What is full-service bookkeeping?

Full-service bookkeeping covers the complete management of your financial records, including transaction processing, reconciliations, payroll, superannuation, BAS preparation, reporting, and ongoing compliance support. It is designed to give business owners financial clarity without needing to manage bookkeeping internally.

What is included in bookkeeping services?

Bookkeeping services typically include:

Bank and credit card reconciliations
Accounts payable and receivable
Payroll and superannuation processing
GST and BAS preparation
Financial reporting (P&L, balance sheet, cash flow)
Managing "accounts" mail inbox

The exact scope depends on your business's complexity and reporting requirements.

How do bookkeeping services work?

Bookkeeping services operate through cloud-based accounting systems such as Xero. Financial data is processed regularly, reconciled against bank feeds, reviewed for accuracy, and reported on a monthly or quarterly basis. At 42 Advisory, bookkeeping integrates directly with advisory and tax planning.

How much do bookkeeping services cost in Australia?

Bookkeeping services in Australia typically range from $300 to $2,000+ per month, depending on transaction volume, payroll size, reporting requirements, and complexity. Fixed-fee arrangements are common for established small businesses seeking certainty.

How are bookkeeping services priced?

Bookkeeping services are priced based on:

Number of transactions
Payroll complexity
Frequency of reporting
Compliance obligations (GST, PAYG, super)
Industry-specific requirements

Fixed-fee pricing is preferred for businesses that value predictability and accountability.