Your local First Class Accounts bookkeeping expert.

We handpick our expert bookkeepers and train them well so you get the best advice to keep your business running smoothly.

We have the latest training in Australia’s MYOB and Xero software so you receive the most accurate bookkeeping.

Take control of your cashflow with accurate monthly reporting.

We’ve served Australians longer than any other bookkeeping franchise so you can know you’re getting a better-quality service.

Cherry Xiao – Turramurra

Interest Areas: Accounting Setup, Bookkeeping, BAS & GST, Payroll, Software Training, Tax

Languages: English

My name is Cherry Xiao, and I’m the owner of First Class Accounts Turramurra.
I have over eight years of experience in Accounting, Bookkeeping & Financial Analysis. Why does this matter? Because it means I will bring a wealth of knowledge to your business.
I’ve worked in a variety of accounting roles across a wide range of companies and decided to open my own business in 2019. I get immense satisfaction from helping as many people as possible to achieve success. I work with clients across a range of industries like the professional services industries (medical practices, legal and accounting firms, for example) and trades and services. My background is also in retail, and I help many clients establish their retail businesses, making sure they are compliant and helping them develop procedures and budgets that put them on a successful, profitable path.

Bookkeeping and accounting can be very daunting to new business owners, and it can be hard to give it the attention it deserves when you’re business is busy and expanding. Hiring a bookkeeper with a wealth of experience means you can stop worrying about the little details and focus on what you want to do in your business.

I focus on making sure your business has good practices in place, to make it easier on you to manage day-to-day. A lot of clients come to me with issues that have built up over time, or with books they think are in good order, but they are struggling with cash flow. I take the time to understand my client’s needs, then devise a system that manages their daily accounting while working on ways to improve their business and streamline their bookkeeping processes. I also work closely with new businesses to establish best-practice from the very start, ensuring their entrepreneurial vision is achievable. I know a good start (correct procedure and manuals and good control) makes a difference.

With my Master’s degree in Financial Analysis, my in-depth knowledge of Excel, MYOB and accounting law, my CPA qualifications and my passion for helping people, I will be an asset to your business.

Specialist in Bookkeeping services

Weekly, monthly, quarterly and annual accounts

Reporting the earnings of a business by stating all relevant income and all expenses that have been incurred to generate that income.

Reporting all ATO lodgements to keep you ATO compliant.

Such obligations include the need to complete an IAS or BAS, which can be done monthly, quarterly or annually.

EOFY Processes including finalisation of STP

End of financial year processes including reconciliation of accounts and inputting Tax Agent’s adjustments

Payroll Services inc PAYG Withholdings, and STP setup

Ensure your staff are paid the correct rates and paid according to the correct hours worked.

End of Payroll year process including STP

Ensuring all your payroll accounts balance and any discrepancies are corrected, prior to lodgement with the ATO.

Management reporting, consolidations and analysis

Key information about the financial state of your business in language you can understand.

Set up and maintenance of accounting systems

Including Inventory & Payroll and keeping all reconciliations up to date.

Software Training

Training and support in all Accounting Software products (MYOB, Reckon, Intuit and Xero) and associated app/addon training

Bank Reconciliation

Maintain all bank accounts, bank feed setup and keep them reconciled.

Cost analysis and controls

Generating profit and loss reports as well as balance sheet to be informed at all times.

Data input manual or automated processes

Making sure all information is entered and bank reconciliations are up to date.

Debt Management

Making sure receivable accounts are monitored and collected on time.

Cash Flow Management

Monitoring income and expenditure to establish your immediate cash flow.


Setting up budgets to help you run your business.


  • Successfully completed the First Class Accounts Accredited Bookkeeping Training Program
  • Fully trained in accounting software such as MYOB, Xero & Reckon One.
  • Fully registered and authorised to trade as a First Class Accounts professional bookkeeper
  • Member of the Australian Bookkeepers Association (ABA)
  • CPA qualified
  • Bachelor of Professional Accounting
  • Master of Financial Analysis

Trusted by Businesses across Australia

Cherry from First Class Accounts is reliable, knowledgeable in her field and professional when communicating to us. She patiently helped me to put a new accounting system in place,streamlining my accounts practice which suits my business model seamlessly. It is her level of professional service and incredible accessibility that impressed me. We would have no hesitation to refer her service.

Scott Zhuo

Xinda Australia Pty Ltd

Cherry has very reliable skills. She is so patient and friendly with fairly reasonable rate of charge. It’s much easier to run my business with her help. I will definitely recommend her service to my friends.

Jason Tang

Cosyflooring Service Pty Ltd

Serving clients in Turramurra and surrounding areas

  • 2077 Hornsby
  • 2076 Wahroonga
  • 2074 Turramurra
  • 2159 Galston
  • 2079 Mount Colah
  • 2080 Mount Kuring-gai
  • 2081 Berowra
  • 2082 Berowra Heights
  • 2083 Brooklyn

Contact us for a free 1 hour initial consultation

Book an appointment using our online system or call us.