Cloud Accounting™

Wrap around accounting services transforming basic entries into a full financial picture

Cloud Accounting is a simple, ‘no manual’ accounting service. Combined with off-site support by Matrix on Board, Cloud Accounting provides best practice financial management via secure and access-anywhere internet software.

Clients choose the level of Matrix client care based on their organisations’ needs and budgets.

Cloud Accounting is adaptable Financial Management for non-profit organisations remote or on the move providing transactional processing, payroll, reconciliations, reporting, an outsourced CFO, preparation for audits and full year-end accounting.

Transactional processing

• Accounts payable – supplier invoices
• Accounts payable – process EFT payments
• Accounts receivable
• Reconciliation of online donations/receipts

Payroll

• Process payroll and EFT payments to staff
• Maintain employee entitlements
• Process salary sacrifice deductions
• Ensure FBT compliance and prepare annual return
• Prepare, lodge and distribute annual payment summaries

Reconciliations (monthly or quarterly)

• Bank reconciliations
• GL and balance sheet reconciliation
• Maintain fixed asset register
• Reconciliation and payment of super
• Reconciliation and lodgement of IAS
• Reconciliation and lodgement of BAS

Reporting

• Preparation of management reports by cost centre and against budget
• Provide analysis and commentary on significant variances and key influences on performance

Year‐end

• Preparation of funding acquittals
• Year‐end accruals and adjustment
• Liaison with auditor
• Preparation of statutory accounts
• Finalise accounts to trial balance

Outsourced CFO

• Mentoring your in-house finance staff
• Strategic advice to CEO and Board
• Coach managers/CEO/Boards in reading financial reports