As a bookkeeper we are a money saving asset to your business.  Our rates are usually less than yours and we can do the work in a quicker and more timely matter.  We know our jobs and how to save you from any unnecessary expenses, we can keep you up to date on new issues in regards to your profession and tax.

We allow you to make money by hiring a professional bookkeeper.

“Knowledge is power” even when it comes to the small details.  “If you don’t have a bookkeeper, you’re probably not being as strategic as you could be in how you spend your money”.

Entrepreneurs keep a lot of the financial details of their business in their heads.  Doing so has its advantages:  No new software to learn, no danger of a system crash that loses all y our data, and you can tweak your budget as often as you need without sitting down at a desk.

But when you don’t have a system and some processes in place, unpleasant surprises can pop up, goals can be easily missed and important paperwork forgotten.  Getting a better handle on your money can help you to make and keep long-term goals, smooth out the seasonal ups and downs of your cash flow and maybe improve your profits.  It can also help you to stay out of trouble with the Australian Taxation Office.

BAS date due is far too late to make changes that may improve your tax situation.  But now? The timing is perfect.

“The main reason to think about GST and tax now rather than at the tax deadline is doing so now allows for planning and strategies that can reduce taxes when the deadline does arrive.”

Some small business owners view bookkeeping as a burdensome task that takes them away from running their business.  It makes others nervous and they may second-guess their knowledge and skills in fear of the ATO knocking on their door.

You don’t have to be intimidated or bored by accounting.  Successful business owners don’t view bookkeeping negatively.  They have adopted a few basic procedures to stay on top of the paperwork.  By doing so, they save time, money and a lot of stress.

1.  Use account software such as MYOB, Xero, Quickbooks…..

2.  Scan your receipts, business cards and other important paperwork

3.  Separate personal accounts from business accounts.

4.  Avoid cash

5.  Go paperless

6.  Meet with your CPA at least twice annually

7.  Hire a Professional bookkeeper.

To maintain sufficient books and records they must be pursuant to Seciton 286 of the Corps Act.

Is it ok to change your Bookkeeper

Sometimes your needs outgrow your current situation.  You may feel obliged to stay with your present bookkeeper as you have been with them for a long time.

They say change is as good as a holiday.

Maybe your outlook has changed and you want to grow.

So Yes it is OK to change.

Is your Bookkeeper Qualified

Always check their credentials.  See or ask to see their Certificates and insurance papers.

Ask for a reference, client or accountant.

Does your bookkeeper know your field

Always ask specified questions about your field to the bookkeeper.  Ask what field they are stronger in.  E.g. trades, retail, cafes, construction, mining etc.