Xero-Focused Bookkeeping Practice with Growth Potential

About the Business

This bookkeeping business has operated since 2011, providing fully remote bookkeeping and financial administration services to approximately 25 clients across multiple Australian states. The Xero-focused practice mainly services small and trade-based businesses, including plumbers, electricians and small residential builders, with services covering bookkeeping, payroll, BAS and IAS preparation, reconciliations, compliance and management reporting. Most clients are on monthly fixed-fee arrangements, with some long-term clients retained since the business's establishment.

The business operates from home with no commercial premises or lease and is supported by the owner/Registered BAS Agent and two casual staff. Its digital systems include Xero, Xero Practice Manager, Xbert, Hubdoc and Dext, allowing the team to operate remotely. Client retention is supported by a high level of service, availability and communication, while selected clients also receive additional administrative support.

There is further potential to grow through increased service provision (cash flow forecasting, budgeting, KPI analysis, strategic financial guidance, etc.) increased marketing, digital advertising, BNI (Business Network International) networking and referral opportunities, as new clients have historically been generated primarily through word-of-mouth referrals. The business would suit an existing bookkeeping or accounting operator looking to expand its client base, with the vendor willing to provide a three-to-six-month handover and training period.

*** Please note: We have used stock photos to protect the confidentiality and goodwill of the business. The pictures are indicative only.