Zero Discrepancies. 100% Balanced to the Cent. BAS-Ready Every Week.

Rigorous weekly reconciliations across all bank accounts, credit cards, and merchant gateways to eliminate audit risks.

Reconcile My Ledgers →Chat with us Or call (03) 9802 5800

Taxnet accountant performing bank reconciliation and ledger verification

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Audit-Proof Accounting

The Hidden Leak

Why Small Discrepancies Turn Into Big Accounting Bills

When transactions are quickly 'OK'd' in Xero without matching receipts or correct tax rates, errors compound. Business owners end up missing thousands in valid GST credits, or worse, paying GST on non-taxable income transfers between their own accounts.

Taxnet audits every line item. We verify tax invoices for expenses above $82.50, ensure correct depreciation thresholds are applied, and reconcile loan balances against bank amortization schedules.

Maximized BAS Refunds

Every allowable input tax credit claimed legally.

Faster Tax Lodgement

Clean year-end handovers save thousands in CPA fees.

Zero-Variance Methodology

Comprehensive Balance Sheet Reconciliations

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Cent-for-Cent Balance

Every bank, savings, loan, and business credit card account reconciled against physical bank statements to eliminate mysterious balance discrepancies.

Flawless GST Input Tax Credits

Meticulous categorization of GST on expenses to legally maximize your GST refunds and avoid overpaying on quarterly BAS lodgements.

Merchant Clearing (Stripe/Square)

Specialized reconciliation of merchant clearing accounts (EFTPOS, Tyro, Stripe, PayPal) separating merchant fees from gross sales.

Zero 'Suspense' Account Clutter

We investigate and clear out unallocated transactions so your balance sheet reflects clean, audit-proof truth rather than guesswork.

ATO & BAS-Ready Packages

Quarterly reconciliations finalized weeks ahead of deadlines, ready for immediate BAS lodgement by our registered tax agents.

Internal Fraud & Error Safeguards

Continuous ledger surveillance identifying duplicate vendor debits, unexpected direct debits, and unauthorized card charges.

Proactive Guidance

Peace of Mind with Certified Registered BAS Agents

You didn't start a business to spend Friday nights matching bank feeds. With Taxnet, you have a dedicated Australian bookkeeper backed by CPA partners who inspects your ledgers on a weekly rhythm.

When your quarterly BAS is due, there is no mad scramble. Your reports are balanced, verified against ATO benchmarks, and lodged seamlessly with extended registered agent deadlines.

Request a Free Ledger Audit →

Taxnet bookkeeper consulting with Australian business owner on financial reports

Clarity

Frequently Asked Questions

Why do bank feed reconciliations often get out of sync in Xero?+

Bank feed glitches, duplicate imported transactions, manual journal entries, or transactions deleted by mistake can cause the Xero statement balance to drift from your real bank balance. We perform deep bank statement audits to find and fix historical discrepancies to the exact cent.

How do you handle missing receipts for expenses?+

We implement cloud capture tools (Dext/Hubdoc) so receipts are snapped immediately. For any uncaught transactions, we flag queries via a clean monthly summary rather than bombarding you with daily emails.

Why is merchant reconciliation (Stripe / EFTPOS) so difficult?+

Payment processors batch hundreds of customer payments together and deduct their transaction fee before depositing net funds into your bank account days later. If you simply code the bank deposit as sales income, your revenue is understated and merchant fees are unrecorded. We reconcile the gross vs. fee breakdown accurately.

Can you fix backlogged reconciliations from previous financial years?+

Yes. We frequently rescue ledgers that haven't been reconciled for months or years, rebuilding historical bank statements, catching up on GST, and restoring order.