Panacea WFS provides outsourced bookkeeping for Australian businesses and accounting practices. Our CA-led team codes transactions, reconciles bank and credit card accounts, manages payables and receivables and produces monthly management accounts, working directly in your accounting software.

What’s included

• Transaction coding with GST tax codes applied correctly
• Bank, credit card and clearing account reconciliations
• Accounts payable and receivable, including aged listings
• Month-end checklists, accruals and prepayments
• Monthly management accounts and reporting
• Catch-up and clean-up bookkeeping for files that have fallen behind

Built to make BAS time easy

We close each month with reconciled balances and a short query list, so the file is ready when your BAS falls due. When BAS season arrives, our BAS and GST preparation support picks up from a clean ledger instead of a backlog.

Works in your software

We work in Xero, QuickBooks, Zoho Books and other platforms. Using something else? We will train on it.

For accounting practices

Practices can use us as dedicated staff, for project and hourly work, or on a white-label basis where we prepare the work and you deliver it under your own brand. See how we work with accounting firms.

Questions Australian clients ask

Can you catch up on books that are months behind?

Yes. We take on catch-up and clean-up work as a project, bring the file up to date and reconciled, and then move to a monthly routine if you want ongoing support.

Do you need our accounting software login?

We work inside your file using the credentials you provide, so your data stays in your own system. Access is limited to your named team.

Who checks GST coding?

We code transactions to the correct tax codes and flag anything unusual in a query list. Final review of GST positions stays with you or your registered agent before the BAS is lodged.

Start with a free consultation. Email consult@panaceawfs.com with a short note on your volumes and systems, and a senior advisor will come back to you with the right engagement model and a fixed or hourly quote.