Financial Services

Accounting, payroll and accounts management

Microwise staff have extensive experience in the following:

• General ledger and bank account reconciliations.
• BAS (Business Activity Statements).
• Payroll – timesheet input, bank file preparation, report generation, on-costs and plant hire journals, workers compensation claims, superannuation, termination payments, payroll tax returns.
• Monthly and other reports.
• FBT returns.
• Insurance and risk management.
• Rates –
  • Prepare alternative rating structures and estimates for consideration, prior to raising yearly rates.
  • Create new rating items and options and apply to relevant properties.
  • Raise yearly rates and export file for printing notices, or print in-house.
• Valuation management –
  • Load new or supplementary valuations.
  • Process supplementary valuations and issue supplementary rates notices.
  • Process Rate Remissions on Rates and import/export Rate Remission data.
  • Changes of ownership registered at Titles.
  • Process export lists.
  • Create Private Schemes, raise instalments and print instalment notices.
• Debt recovery –
  • Review outstanding debts and follow up with initial contact in the form of letters and or phone calls and possible lodgement with debt collection agency, as per Council’s preferred procedure/policy/legislation.
  • Payment arrangements – review and follow-up as per Council’s preferred procedure/policy.
• Direct debit payments –
  • Create an agreement and application form to suit Council and assist with advertising eg: flier or newsletter to ratepayers.
  • Create table extracts from Propertywise database for any Propertywise applications eg: for rates – KPI collection, rateable properties by classification and breakdown of rateable properties by year by classification.
• Set up General Manager’s Roll – enter individual data to Property Associates and create an extract for the Electoral Commission ready for elections.
• Split properties waiting for separate valuation – after C/Ts are issued, create new properties for the purpose of charging services, issue letters with supplementary rates notices.
• Review exempt and partially exempt properties in view of changes to legislation allowing for rating of such properties. Follow up with letters and supplementary rates notices for any rateable properties.
• Rural addressing.

Financial strategy, planning and reporting

To assist in councils’ financial management strategies and reporting, Microwise can assist in developing:

• Annual financial statements.
• KPI (Key Performance Indicator) reports.
• ABS (Australian Bureau of Statics) reporting.
• Investment management policies.