Accounting

Services

Increasing your organisation's financial position and becoming your ultimate business.

Your

ultimate...

Our Avid Accounting team is passionate about numbers and loves the detail to build your organisations financial story. An ultimate business is where financials are future focussed.

Did you know New Zealand is regarded as a business-friendly environment, as reported by the World Bank Doing Business Report in 2018? In achieving this accolade, New Zealand has a very strong regulatory and compliance business environment that requires highly specialised expertise. 

At Avid, we pride ourselves in delivering high quality accounting services that are technically sound, expertly reviewed to ensure full compliance with the Inland Revenue and other Government departments.

Our

services...

We provide the Ultimate Accounting Service to meet your changing business requirements.

Virtual Chief Financial Officer

Most businesses simply cannot afford to hire a Chief Financial Officer until they are turning over many millions a year. This means the owner must be all things ‘finance’ in the business. A Virtual CFO simply means engaging with us to be involved regularly in your business so you have a ‘partner’ beside you to take some of the load off.

We custom build a plan to help you. This can include weekly, monthly or quarterly meetings with us, regular financial reporting with insights and our thoughts, help setting goals and helping you stay accountable to them and working with you to strengthen your banking relationships. A Virtual CFO also involves helping you understand the financial controls in your business and making them stronger.

Preparing an annual budget and having a forecast prepared for what the budget will mean to your cash-flow is best practice in any business. It’s what our most successful clients do every year. Do you ever ask yourself when you’ll be able to get money out of the business? Or do you ask why the profit you make each year never seems to match to cash in the bank? Talk to us about what this means and how to get a better handle on the cash in your business. In addition to helping you with preparing a cashflow forecast we have a Cash-flow Management service which is designed to help you improve your understanding of all things Cash so that you can maximise your cash-flow. It will allow you to predict large cash outflows and respond to changes in your business.
Partner with us and we will ensure your business achieves its full potential. We offer you our expertise and support to allow you to run your business more effectively. Regular management reporting gives you a whole new way of understanding and approaching your business. Giving you the tools for business longevity and growth. We believe that every business should have a 3 year financial budget to plan where you want to be heading. This gives direction to entire team as to what the business is trying to achieve so you are all working in sync. We’ll also create, manage and update a rolling 12 month 3 way forecast of profit & loss, cashflow and the balance sheet so you always know what the future financial performance and position of the business looks like, based on what we already know today (committed sales and costs). This is about bringing the future into the present so you can do something about it.
We will work with you to define the Key Performance Indicators that underpin the success of the business. These will be a combination of financial and non-financial measures. We’ll put these into a separate report each quarter and again provide our analysis on the results, and work with you to improve the results over time. We’ll host a Quarterly face-to-face meeting to address anything you want to discuss with us as your professional advisers and anything that we have identified as areas that will benefit from some closer attention, guided by the reports which will be presented in the meeting.
Accounting Services
We can prepare these efficiently and at any time during the year. We make sure the information contained in the financial statements is useful and meaningful to you. Plus, we can talk you through them without speaking ‘accountanese’. It’s important you understand what your financial statements are telling you and we like to meet with you each year to help you learn more. You can have peace of mind that we will produce and deliver a full set of financial accounting statements including;
  • Profit and Loss statement,
  • Balance sheet, and
  • A Statement of Accounting Policies which provide a breakdown of your taxable income.
Partner with us and we will ensure your business achieves its full potential. We offer you our expertise and support to allow you to run your business more effectively. Regular management reporting gives you a whole new way of understanding and approaching your business. Giving you the tools for business longevity and growth. We believe that every business should have a 3 year financial budget to plan where you want to be heading. This gives direction to entire team as to what the business is trying to achieve so you are all working in sync. We’ll also create, manage and update a rolling 12 month 3 way forecast of profit & loss, cashflow and the balance sheet so you always know what the future financial performance and position of the business looks like, based on what we already know today (committed sales and costs). This is about bringing the future into the present so you can do something about it.
We will work with you to define the Key Performance Indicators that underpin the success of the business. These will be a combination of financial and non-financial measures. We’ll put these into a separate report each quarter and again provide our analysis on the results, and work with you to improve the results over time. We’ll host a Quarterly face-to-face meeting to address anything you want to discuss with us as your professional advisers and anything that we have identified as areas that will benefit from some closer attention, guided by the reports which will be presented in the meeting.
We love surprises like cake in the staff room, but not the surprise of tax to pay. We will give you plenty of warning and time to plan for any upcoming tax payments so there are no unwanted surprises. But there is much more to tax planning than eliminating the surprises – it’s is also about planning to pay less total tax through getting your business and personal structure right. We make sure no hard-earned profit is left on the tax man’s table.
We love surprises like cake in the staff room, but not the surprise of tax to pay. We will give you plenty of warning and time to plan for any upcoming tax payments so there are no unwanted surprises. But there is much more to tax planning than eliminating the surprises – it’s is also about planning to pay less total tax through getting your business and personal structure right. We make sure no hard-earned profit is left on the tax man’s table.
We love surprises like cake in the staff room, but not the surprise of tax to pay. We will give you plenty of warning and time to plan for any upcoming tax payments so there are no unwanted surprises. But there is much more to tax planning than eliminating the surprises – it’s is also about planning to pay less total tax through getting your business and personal structure right. We make sure no hard-earned profit is left on the tax man’s table.
Bookkeeping Services
Our bookkeeping services are designed to save you time and take the pain out of your day to day business requirements.
We will prepare and submit your GST returns meaning that you will be kept up to date with your GST liabilities and keep Inland Revenue Department happy. We’re not just filing a bunch of numbers; we take a 5-step approach to our GST service which is outlined below.
  1. Create a recurring job so we never miss a deadline
  2. Send a questionnaire to find out if anything unusual has occurred in the last period
  3. Carry out a check of the transactions to ensure correct internal coding, and to maintain regulatory compliance with GST returns
  4. As your business advisor, we are continuously ensuring the technical complexities of your GST registration basis is in order
  5. Once the GST return has been completed, we will
    • Send you a finalised GST return with amount owing or refund due, within one week of the due date
    • File the GST return online with Inland Revenue Department, on time, every time.
PAYE can be very tricky and getting it wrong could cost you. We can take the filing arrangements off your hands and make life a little less cloudy. We can support a number of Payroll systems including Smart Payroll, Xero Payroll and others.
We will work with you to define the Key Performance Indicators that underpin the success of the business. These will be a combination of financial and non-financial measures. We’ll put these into a separate report each quarter and again provide our analysis on the results, and work with you to improve the results over time. We’ll host a Quarterly face-to-face meeting to address anything you want to discuss with us as your professional advisers and anything that we have identified as areas that will benefit from some closer attention, guided by the reports which will be presented in the meeting.
Some clients need more managing than another’s when it comes to settling your invoices. We’ll make sure they are chased up professionally and sensitively to get cash into your bank account whilst maintaining excellent relationships.
We will check each supplier statement to ensure that invoices have been received and processed on Xero. We will request any outstanding invoices from suppliers and enter them accordingly.
Taxation Planning
Getting the right tax advice at the outset can leave you with more money in your pocket in the long run. From negotiating the T’s and C’s of a business sale or purchase, to buying or selling property or a significant business asset, getting the right advice is key to maximising your tax position. Which at the end of the day means you pay less tax.
Company Administration
You need to comply with New Zealand laws when you incorporate a company, including reserving a company name, appointing directors, issuing shares and registering for tax. We take all the stress and strain away from you.
We will prepare and submit your GST returns meaning that you will be kept up to date with your GST liabilities and keep Inland Revenue Department happy. We’re not just filing a bunch of numbers; we take a 5-step approach to our GST service which is outlined below.
  1. Create a recurring job so we never miss a deadline
  2. Send a questionnaire to find out if anything unusual has occurred in the last period
  3. Carry out a check of the transactions to ensure correct internal coding, and to maintain regulatory compliance with GST returns
  4. As your business advisor, we are continuously ensuring the technical complexities of your GST registration basis is in order
  5. Once the GST return has been completed, we will
    • Send you a finalised GST return with amount owing or refund due, within one week of the due date
    • File the GST return online with Inland Revenue Department, on time, every time.

Support for your

industry

Tourism

Retail

Hospitality

Construction

Primary
Industries

Manufacturing

Sue Baty

Accounting Director

We’re focussed on you, our valued client. Quality is paramount. Little things matter. That’s how our accounting team obtains results.

  • Delivering depth in traditional accounting services
  • Working in-house as a Financial Controller
  • Delivering leading technology to generate results which are timely and accurate
  • Xero Certified


My professional background is supported by 20 plus years of experience in the accounting field, including holding senior positions in multi-national companies, as an accounting partner and working across a range of New Zealand SME’s.