SMSF Bookkeeping & Accounting Service
A Self Managed Super Fund (SMSF) is a retirement planning that allows you greater flexibility and control over savings and investments. A SMSF is a private super fund that you manage yourself as the trustees of the fund and hence responsible for complying with the super and tax laws.
Hirani Accounting provides SMSF bookkeeping and accounting services to the Australian Accounting Firms.
Our Senior Accountant has experience in working on all major SMSF compliance. We assist you with all the accounting required for your superannuation fund and keeps the books ready for the SMSF audit.
How it works
In order to prepare current year accounts for your SMSF we need following documents to commence the work:
- Last Year’s SMSF Financial Statements, Tax Return and signed Audit Report
- Bank statements for the full year (by each month)
- Assets holding statements
- Annual Tax Statements
- Investment Strategy
- Insurance policy
- Contribution information for each member
A sneak peek in the crucial functionalities of the SMSF Accounting :
- Posting and processing of super fund transactions.
- Roll-over of existing fund balances into the newly setup fund books.
- Processing admission and retirement of members and also respective roll-overs components.
- Maintaining pension records and preparing of pension schedules for eligible members.
- Preparing annual super fund financial statements including operating statement, statement of financial position and notes to financial statements.
- Generating relevant super fund reports like investment summary report, investment income report, investment movement report etc.
- Preparing member benefit statements.
LET’S TALK ABOUT THE NEW PROJECT
Our excellent team is ready to work on your books of accounts.