This document compares traditional bookkeeping and accounting methods to cloud-based solutions provided by TJS Accounting Co. Traditionally, business owners spent many hours each week on invoicing, bookkeeping, and tax tasks. With TJS, bookkeeping is done automatically through daily bank feeds, invoices can be created and viewed on mobile devices, and tax returns are prepared and filed with minimal client input. TJS also actively manages debtor payments, avoiding bad debts and keeping businesses cashflow positive. The traditional methods cost business owners significant time, money, and stress, while TJS offers affordable monthly packages and hands-off services.

1. Cloud Accounting Solutions For Your Business

2. The Old Way - Bookkeeping
Monday – Friday
Work all day 7am – 6pm
Monday – Friday 8pm...
Sit down at the computer to do your days invoicing
Saturday....
Pay bills, log onto internet banking & see which invoices have
been paid
Pass information to wife / girlfriend / mother / bookkeeper for
data entry
Average Weekly Hours = 77

3. The TJS Accounting Way - Bookkeeping
Create an invoice on the job using your mobile phone or iPad
View your paid & unpaid invoices at the same time from your
hand held device
Bookkeeping already done by TJS Accounting Co. thanks to daily
bank feeds – view your businesses current profitability from
your hand held device
Average Weekly Hours = 55
(saving of 22 non chargeable hours!)

4. The Old Way - BAS
End of quarter – BAS form arrives in mail
Phone your Accountant & make an appointment
Get your invoices, receipts & bank statements together...
Can’t find them all so just gather what you've got.
(Miss out $$$ of claimable GST)
Get busy with work so miss Accountants appointment
Miss the due date for your BAS return
Make another Accountants appointment
Receive penalties and interest from the ATO

5. The TJS Accounting Way - BAS
End of quarter – TJS Accounting Co. phones you to ask if you
used cash to pay for any receipts
You receive your completed BAS return – review, sign and return
to TJS Accounting Co.
BAS return lodged

6. The Old Way – EOFY Taxation
End of financial year – too busy to think of tax
Nearing Christmas - Phone your Accountant & make an
appointment
Get your invoices, receipts & bank statements together...
Can’t find them all so just gather what you've got.
(Miss out $$$ of claimable deductions)
New Year arrives - Receive your annual tax return
Large tax bill – not enough PAYG Instalments paid during the
year to cover your tax
Receive penalties and interest from the ATO

7. The TJS Accounting Way - EOFY Taxation
May, before end of financial year – TJS Accounting Co. phones
you to discuss your year so far
July – TJS Accounting Co. phones you to discuss your business
& personal taxation affairs
Receive your completed tax return(s); review, sign and return to
TJS Accounting Co.
Tax return lodged – no ATO Penalties or interest

8. The Old Way – Business Cashflow
Multiple overdue invoices by non-paying debtors
No time to call debtors / send statements / demand payment
Not enough funds available to pay BAS & Taxation liabilities
18 months later see your Accountant & write off bad debts
Loose $$$$$$

9. The TJS Accounting Way
Business Cashflow
Debtor exceeds payment / trading terms
TJS Accounting Co. phone you to query outstanding amount
TJS Accounting Co. send statement to debtor
TJS Accounting Co. follow up debtor with reminder phone call
Payment of invoice is received
You have funds available & save $$$$$
You keep happy relationship with client, receive repeat
business and client pays on time!

10. The Cost To You – The Old Way
Hours of your non - chargeable time
Phone calls / travel / stationery, ink & paper
Interest on overdrafts
Bookkeeping Fees / Wages
Extra Accounting fees
ATO Penalties & Interest

11. The Cost To You – TJS Accounting Way
Tailored packages to suit your needs
from as little as $150 per month

12. Cloud Accounting Solutions For Your Business
Phone: (03) 9770 2255
Email: info@tjsaccounting.com.au
Web: www.tjsaccounting.com.au