It’s a fact of business life that all business’s need the bookkeeping process completed. The question that a lot of business owners needs to ask is? Do you?

1. Do your bookkeeping yourself?

2. Have an accountant complete the bookkeeping task for you?

3. Outsource the bookkeeping function to a professional bookkeeper?

Let’s look at each of the options and discuss them in detail,

You could do it yourself, which may appear to save you money, but unless you are an expert in bookkeeping you will give up a lot of valuable time, time that could be spent on the tasks of your core business, for example it could mean getting out and meeting new clients.

By doing the bookkeeping yourself you rob yourself of valuable time, time taken up working In the business and not on it.

You could engage your accountant to complete the books; maybe you think this might be the preferred option?

Keep in mind that most accountants would get a bookkeeper to complete the bookkeeping for you, but would charge you a higher rate. So the accountant is not “personally doing the books”.

The thing to keep in mind is that a bookkeeper does not replace the need for an accountant, the two functions work hand in hand, a good bookkeeper will prepare your books so that they are ready for the accountant.

The accountant can then focus on completing the financial reports and tax returns, as well as giving you advice.

Outsourcing the bookkeeping task to a professional bookkeeper is the smart thing to do, this way you will be able to spend more time working on your business rather in it, having your books completed by a professional bookkeeper will allow you to secure more and more clients and grow your business, rather than spending hours and hours making sure your business is compliant and meeting its obligations with the ATO.

Think about this:

Why should you pay a bookkeeper on a time basis, paying on a time basis puts you the business owner at a disadvantage.

What if the bookkeeper you engage is slower than say the next bookkeeper? With a fixed price bookkeeper you know you are getting value for money as the bookkeeper working on a fixed price will have a benchmark or standard to live up to.

By having a benchmark, you have a gage to test the bookkeeping services delivered, you get what you pay for, no nasty surprises when the invoice arrives.

If it takes your bookkeeper more time than another bookkeeper to prepare and do your books, why should this be your problem and why should you have to foot the bill?

For a free obligation quote on your bookkeeping requirements give us a call on 1300 700 496 or contact us on info@wealthconcerns.com.au

Netstarter - Ecommerce Web Design, Search Marketing & Digital Strategy