Blog

Bookkeeping for Defence contractors requires an understanding of both worlds – Defence and bookkeeping. It doesn’t sound like much, but when you hire an Australian bookkeeper specialising in Defence contractor bookkeeping, you will wonder why it took you so long.

Defence contractor bookkeeping requirements – security

The first big difference with Defence contractor bookkeeping is the increased security requirements outlined in your contract and associated documentation. Whilst not usually considered critical security information, the definitions of Commonwealth records or other parts of your contract can catch your bookkeeping records.

At Lucy Pedley Bookkeeping we offer a range of solutions to support you in meeting these security requirements.

• 100% onshore guarantee. Our Australian bookkeeping team will complete all your bookkeeping here. We never offshore anything at LPB.
• Your digital ecosystem. Many clients opt to provide us with an email address within their ecosystem (Dropbox, Google, Microsoft Suite) to ensure all information remains within their security bubble rather than an open email platform.
• Minimal personal records. Personal information is only ever stored in the necessary location within your accounting software, never on our servers or systems.
• Trusted software platforms. No cheap shortcutting or using programs that offer ‘too good to be true’ pricing. Just the big names you know and trust.

Australian bookkeepers who understand Defence contracting

Most certified bookkeepers offer similar services, which means choosing the right one is about value alignment and industry understanding. Defence has its own language and working realities that can be difficult for outsiders to follow or fully understand.

I was a Navy wife for 20 years, so I speak the language of Defence, understand the realities of being part of the Defence force, share your values, and translate acronyms with ease.

• Straight-talking, fluff-free communication –no one has time for fluff.
• Stress-free bookkeeping by professionals who are experts in their field.
• Accurate, well-kept financial books –without accuracy, why hire a bookkeeper at all?
• Collaborative partnerships towards your money management goals.

Australian Bookkeeping services for Defence contractors

Most of our Defence contractor clients enjoy working with us as a trusted business partner supporting all their regular bookkeeping requirements. Services include:

• Reconciliations and monthly account management.
• Payroll processing including payroll tax lodgement in all states. Let us worry about the different thresholds, complexities, and submission dates.
• Preparation of payments including PAYG and Super. All you need do is review and approve.
• IAS and BAS reconciliation, preparation, and lodgement.
• Processing of invoices due for payment, including overdue follow-up so you don’t have to.
• Liaison with Accountants. Preparing accounts at end of year for submission and assisting with enquiries as necessary.

We also offer practical advice. If you have a finance related goal, we support you in reaching it with savings and cashflow management solutions.

Don’t just take our word for it

We know it’s easy to say we understand Defence bookkeeping, but you would rather hear it from a happy client. Here’s what Ben Mailler (Director, Wincx) had to say:

 “I first partnered with Lucy in 2015 when we needed an experienced bookkeeper to support an innovative and rapidly growing Defence consultancy business. I loved her responsiveness, attention to detail and willingness to work flexibly with a group of engineers who loved innovation and automation. I also appreciated her proactive and forthright approach, including keeping us on track when we were overcomplicating processes or systems. When we sold the business a few years later, Lucy had established herself as an integral and highly trusted member of the team.

 Given the trust Lucy had established and her understanding of not only what was important to us, but also a business operating in the Defence environment, it was without hesitation that I reached out to Lucy for support when starting several new businesses. Having her as part of our team lets me, the other directors and ops staff focus on delivery and driving business growth knowing that our books are accurate, up to date, our activity statements are prepared and lodged, and our staff and creditors are paid accurately and on time.

 I would highly recommend Lucy to any business that wants a true partner to support their bookkeeping and related needs.”

For an Australian bookkeeper you can trust, contact Lucy at Lucy Pedley Bookkeeping today or comment below for an obligation-free consultation.