One of the most common concerns of people who wish to start a business is bookkeeping. It can be more of a chore than you need it to be at times. You can't find the time to do it yourself, and because you're not sure what you're doing, it takes much longer than you expected.

Our Bookkeeping team can help support you by giving you back time. Our Training team can upskill you to do it quickly and accurately yourself. 

Here are some reasons why you need good bookkeeping practices:

1. You know you are claiming the right tax deductions, and paying just the right amount of tax - not too much tax.
2. You can claim back the right amount of GST, to reduce your BAS payment.
3. By having a routine set to each week complete your data entry, you will be able to use the rest of your week doing the things that you can do - so schedule in a specific time each week and stick to it.
4. If your bookwork isn't up to date, you may end up double-paying bills, which costs you money in the bank, plus time chasing up for a refund or a credit to your account.
5. When you are organized with your finances the relief of having things up to date can be quite physical and emotionally rewarding... for every day where you "should" do something and you are not, you are stressing.
6. No more lost sleep, worrying about when / where or what you owe for tax.
7. Scammers like to prey on the un-organized, so by keeping your books up to date, you can know if you have or haven't paid a bill, and easily check if bank details change for a supplier. 

While you may believe that doing everything yourself saves you money, hiring a professional bookkeeper will save you more money. Because time is precious, it is more important to invest it in your business ideas and objectives.

Interested in how maximize these benefits? set up a  meeting time to see how we can work together.

Schedule now!