Easy, Fast, Efficient, and Affordable!
Local accountants and bookkeepers are a useful lot—when you can find one with enough space in their schedule to take on a new customer. The problem is that everyone (and their dog) is starting up a business of some description. The world of online businesses is flourishing like mad, too, and you can buy anything you can imagine, and then have it shipped right to your door.
There is no doubt that these geniuses and creatives are fulfilling a need. However, all the enthusiasm in the world won’t protect them from suddenly finding themselves buried under endless paperwork.
Did I pay that bill for the company phone? How about heating, electricity, gas? Are they going to shut off the mains soon?
Businesses Need Accountants
From the smallest outfit to the largest, unless you have a dedicated staff, bookkeeping and accounting are distractions from the everyday work that you need to manage. Even if you have someone designated to handle it, do they have the knowledge to take advantage of all the reporting options and get the best deal for your business?
Worse yet, are they handling so many little jobs that the books never even get touched until the end of the month? And by that time, do you still have all of your receipts; do you know who has paid, and who is dragging their feet?
Struth…that sort of hit, miss, or go past is far too dodgy. You’re going to get nailed with penalties, fines, or a tax review come year end. And it’s completely unnecessary.
Online Accounting—The Modern Answer
The folks here at Push Digits have been professional international accountants for more than two decades. Our whole purpose is to help you solve problems! We come from diverse backgrounds and cultures and this means we have an incredibly broad array of experiences to share with you. We can keep right on top of your books so you always know what’s going on.
Better yet, even with all the talent waiting to help you, it is still about 75% cheaper than hiring locally. You don’t need to pay full-time wages, raises, vacation pay, gratuities, overtime, or training costs. You don’t even need to provide a desk, a chair, or a parking spot!
You want to know that you didn’t miss your own bill payments, and reminders can be programmed into the software, but you also want to know that Rick-down-the-road still owes you $184 for what you sold him last month. You can make sure you send out the bills when they’re due, and then know when they’re paid. Delinquent accounts that you forgot about do you no good at all.
That’s why we provide all the required software to manage your accounting properly. We will set you up with an excellent business accounting package called Xero, which connects you with banks, accountants, bookkeepers, customers, suppliers, and all of your records.
Xero allows you to conduct your business on the go (even via smartphone if desired). It integrates easily with Point-of-Sale (POS) apps so you can accept debit or charge cards anywhere you can get an internet connection; it includes customer relationship management (CRM) software, inventory-management, and even allows individual job-tracking, along with over 700 more useful utilities.
It will accept e-mailed bills from your suppliers directly, and enter them automatically. That means you can see everything that is due at a glance, and decide which ones to pay. Xero also works online on the clouds so you never lose anything! It comes complete with your own private login credentials, too.
We provide Xero packaged with a programme called Hubdoc, which is a sophisticated “document collection & management” application that is easily linked with Xero. No more chasing down paper work, or lost productivity, when you need to create a report. Now everything is conveniently located in one place. Essentially it drags you right into the 21st century with document digitisation so your records are always safe.
Private & Secure
It is important to note that your Hubdoc account is also opened in your own name, with your own access and security codes. You simply grant us access to perform the work on your behalf. Most conveniently, Hubdoc is already connected to most Australian banking institutions. This makes it easy to automatically transfer statements and records to cloud storage, which makes accounting and record keeping as simple as can be.
Together these form a complete package. Through Hubdoc you will upload your ordinary documents (invoices, bills, etc.,) and they will be saved in your own personal cloud storage server. This means that you are not sending any private data to us here at Push Digits.
For you own peace of mind, if you ever decide to end our association, we won’t have any access to your data. It’s safe, secure, and private; it is totally within your own control.
I Have A Question
Not a problem, mate. Alongwith our accounting & bookkeeping package we include access to our online video conferencing room of Cisco Webex. Better than a phone call, you can speak face-to-face; you can share your screen to illustrate something; or you can easily share a document for interpretation. Ordinarily that would be a $50/month value, but we included it free for all our international customers.
Of course we are a registered company in Australia, but our experts work in the home office so we are together to help people all over the world. Sometimes folks worry that speaking internationally will be a problem, but you know it’s no worse (and probably better) than cellular service in Woop-Woop!
Remember, Parkes Observatory? During Apollo 11 they were sometimes the only connection to the astronauts. And they often had to deal with about 3 seconds of round-trip wait time from capsule communications with NASA.
Satellites are a lot closer, so the delay in an international call is 0.3 seconds, something that you wouldn’t even notice. Better yet, we answer calls 24 hours per day, or respond to messages within 30 minutes. It’s just as good as having your accountant or bookkeeper nearby, except he’s never likely to have gone bush when you need him! With Push Digits you always get an answer!
Why Does International Make Sense?
Here’s the thing: Whatever your business model, there’s an excellent chance that it can be exported. There is a truly massive audience out there waiting for your intricate opal-shard jewelery, or your handmade carryalls, or your most sophisticated business offerings. Staying local may fetch enough business to keep the larder full, but true wealth waits for those that are ambitious.
Of course it’s scary to contemplate because the rules are so different in each country. Luckily for you and your needs, we know more about how the world of finance works internationally than virtually any company you could point to.
I only want to work locally
It doesn’t matter if you want to keep your business entirely “local” or whether you want to conquer the entire world market. We can answer all of your accounting questions, no matter which jurisdiction you are in, or which one you want to deal with. The big thing to remember is that we can save you up to 75% of the usual costs associated with getting your bookkeeping or accounting managed.
Push Digits has been around for more than 20 years as a leading Accounting firm. Our customers love the fact that we conform to the International Financial Reporting Standards (IFRS) because it means that they can do business anywhere in the world with no worries.
And in all honesty, the simple fact of the matter is that we are really, really good at what we do. Our clients are perfectly happy to relate all the good things we have done together. We save them money, we save them time, and we make it easier for them to grow their business. Have a look at our Testimonial page, and see for yourself.
At Push Digits we are all about making things work seamlessly. SaaS, or Software as a Service, is dominating because people use so many different devices to accomplish their tasks. Someone using an Apple/iOS device might create a document that can’t be read by someone else using a Windows™ based desktop or Android™ tablet. When all employees use software designed to work across all platforms that is the end of incompatibility.
- Virtualised Bookkeeping and Accounting as a Service is an important innovation; it is designed so that new startup companies never have to hire an accounting staff at all. It keeps money from getting tied up in things that don’t advance growth;
- We can arrange Chief Financial Officer (CFO) services to analyse your data and provide advice for monetizing, advancing, and enhancing your business;
- Naturally, we can provide VAT and general Tax Consultancy;
- We can provide auditing and assurance services;
- We can help with company formations;
- And don’t forget Business Valuations and Feasibility Studies before mergers or acquisitions!
- Service-for-service, it is always going to cost less to use an online provider. Economy of Scale provides access to expertise from multiple disciplines. We can give you answers that you couldn’t obtain elsewhere;
- We can supply all necessary accounting/bookkeeping services; there is no need to approach multiple organisations to achieve your goals. Everything can be done in one place;
- Do you spend weekends going over the books? No more. Now you can spend some quality time with your family and friends instead of eating cold pizza in the office trying to solve problems. You’ll receive routine & relevant reporting so you always know what is going on;
- We’re available all day, every day, answering your calls fast, and providing answers you need, without ever keeping you waiting;
- We do everything for you that a full time accountant would, beginning with payroll, right through to data entry, reporting the numbers, and to the preparation of accounts for year-end or tax season.
Bookkeeping Key Features
- Sales and purchases processing;
- General ledger transactions posting;
- Bank reconciliations;
- Cost centre reporting;
- Generation of monthly Profit & Loss Account, Balance Sheet, Trial Balance, and General Ledgers.
Having accurate management accounts will give you the information to make informed business decisions. They help you manage your cash ﬂows efficiently, and identify trends in your business, which will help to move your business forward.
Management Reporting Pack key Features
- Balance sheet and income statement (with accompanying notes);
- Cash flow statement and projections;
- Detail on administration and direct costs;
- Debtors/Creditors analysis;
- Inventory analysis;
- Ratio and Graphical analysis.
Preparing for year-end audit is a consuming task. We’ll handle:
- Preparation of year-end statutory ﬁnancial statements for audit;
- Lead schedules of Balance sheet accounts in preparation for audit;
- Liaising with your auditors to ensure smooth completion of audit.
We secure financial operations by monitoring & approving account processing, recording, and reporting, by supervising staff.
- We streamline your accounting and administrative systems in a professional manner;
- Meet accounting financial standards by providing accounting department annual budget information, monitoring expenditures, identifying variances, and implementing corrective actions;
- Maintain cash flow by monitoring bank balances and cash requirements as well as investing excess funds;
- Approves cash disbursements by verifying cheque amounts against invoices, including authorizing cheques and wire transfers;
- Accomplishes accounting and organization mission by completing related results as needed.
This consulting activity is designed to improve an organization’s operations and consequently add value. It’s a comprehensive, disciplined approach that yields practical suggestions to enhance a company’s value.
Our specialists are focused on bringing you the insight and foresight across your business as a whole, to tackle the future head on. We strive to be strategic business advisors by focusing on continuous business improvement and assist you to achieve your business objectives.
- Financial audit and accounting;
- Internal controls;
- Operational audit;
- Risk management.
Ultimately, Online Accounting is nothing to be afraid of—it’s Easy, Fast, Efficient, and Affordable! It keeps you on top of things; it prepares you for the future; it makes your business better.
Give us a call today. We’ll show you why online accounting is The Better Way!
Frequently Asked Questions (FAQs)
Absolutely not! At PushDigits we are solving a long-standing problem. The business world is growing very fast and companies are having trouble locating local talent to manage their affairs. Young people are focused on training in the computer sciences, and far too few are interested in an accounting career.
Consequently, local accounting talent is far over-capacity because there aren’t enough accountants to go around, and those that are ready to go can’t manage the sheer volume of people that need accounting services as people continue to open thousands of new businesses every year.
As the world changes to a small-manufacturer or service-based culture (from a traditional large-manufacturer style) there is a very long lag time until local supply can meet local demand. We’re filling that gap. And
Outsourcing Online means that large accounting firms with extra capacity can support hundreds or thousands of new businesses, but without the necessity of attending a business in person. Clients of such outsourcing firms gain access to a wide variety of abilities and talents usually reserved for massive corporations—it creates a level playing-field so you can compete with much larger companies.
Once a client is set up, an Expert Accountant’s skills are only needed for a short time, daily or weekly. This means they can work on many different accounts, giving each one all the time they require, and providing excellent service.
By sharing one well-paid expert accountant with many companies, the cost savings can be passed along. More importantly, the customer doesn’t have all the associated expenses of a fulltime employee, such as salary, vacation time, office space, equipment, parking spots, or maybe air travel from office to office.
Depending on what you wish to accomplish, you should (obviously) look for a company with expertise in the areas you need. If, for example, you need 24/7 access to your accountant because you deal with many times zones, then you’ll need a firm that is available when you need them.
If you conduct business internationally, then you’re going to need a company that has expertise in foreign tax laws, policies, and so much more. In either of these cases, a small local firm probably isn’t up to the task.
First of all, Outsourced accounting is a real money-saver! You can reduce your accounting costs by as much as 75% over traditional solutions. Cloud-based accounting software and other advancements in technology have made it possible for all companies to gain the benefit of outsourced accounting and bookkeeping services provisioned by huge companies with incredible resources.
PushDigits is a worldwide respected accounting firm because we do so much international business. We know international trade laws, jurisdictions, policies, VAT & general tax law intimately. We also understand regional oddities, such as the Free Trade Zones around Japan, China, the UAE, and many other political areas around the world. Transferring air cargo duty-free at many stops around the world is a huge advantage for businesses.
Wherever you choose to conduct business in the world, our diverse group has insight and knowledge about that area. Our expertise is the most important reason to choose PushDigits.
Typically customers identify these as their favourite benefits:
- No infrastructure and administrative hassles
- Amazing cost savings
- Flexible pricing
- Access to our skilled resources
- Increased efficiency
- Transparency in operations
- Complete data confidentiality and security
- Quick turnaround time
Our clients consist of all sizes from small to medium sized to big corporations. Typically, we serve companies with annual revenue up to $50 million, and they come from all across the business spectrum. Our expert chartered accountants have experience in every industry, including banking, trading, manufacturing, investments, real estate, Owners Associations, e-commerce, consulting services, marketing, petroleum, and much more!
We’re not new to the business of international outsourcing. We have communications set up so that we are just a video call away, answering 24 hours per day, or responding to messages within 30 minutes. Unless you’re married to your accountant, you can’t even obtain that level of service locally.
We maintain efficiency with automatic reports to keep you up-to-date on the financial state of your company. Our communications allow you to speak to us, face-to-face, any time of the day, to share desktops, or documents whenever needed, and to obtain answers within minutes.
We work everywhere—from Albania to Zimbabwe—wherever we are needed. That is the advantage with virtualised accounting. It isn’t dependent on borders or physical access. It’s a part of the modern world where you transfer skills and knowledge rather than physical objects. Currently, however, the largest majority of our clients are based in the UAE, GCC, Australia, and Pakistan.
We have established strong security policies and procedures and have implemented measures to make sure that all of the data, network, and workstations are secured. We are continuously developing and enhancing these security practices.
Your data is preserved on a secure cloud-based server, safe from prying eyes. You never need to send any data directly to PushDigits. More importantly, all the software that we supply is in your name, with your personal access codes, not ours.
It is up to you to grant us access to work on your data. If you decide to discontinue our relationship at any time, your data remains utterly private, and we would have no access to it.
For example, with Hubdoc, it uses “bank-level security” to ensure your data is safe. This includes 256 bit encryption, SSL/TLS and a Premium Extended Validation certificate—as well as monitoring and verification from McAfee & TRUSTe—the most relied upon industry standards in data security.
Encryption is the key! Banks now use a minimum of 256-bit encryption, not like the old days of 16/32/56/64 or even modern RSA128 bit. In the days of Windows XP, with 64-bit encryption, you were fairly safe, but modern computing power can now break such a code in less than five minutes.
Depending on the intrinsic weaknesses of a given algorithm, 128-bit has been cracked in less than five weeks. 256-bit could take years to crack. And if you change your encryption every month, criminals have to start from the beginning again. It really is safe.
No. In fact you will achieve greater control of your accounting records and they will be in order, which supports you in running your business effectively. To ensure your control, we also enable you to approve & authorise transactions while leaving the administrative work to us.