Frequently Asked Questions
In addition, good records are needed by the ATO for taxes; your local bank, should you wish to get a loan; your suppliers to establish credit and by any potential partners or buyers of your business when you want to expand or retire. Clearly, bookkeeping is a major piece of the puzzle that can establish or destroy any business, as well as add clarity to your financial picture.
Bookkeeping principles are the same whether your company is large or small. Unfortunately, small businesses usually have limited funds to devote toward bookkeeping services. Many times, small businesses try to perform their own bookkeeping, thinking this will save them money. However, quite often the accountant has so many questions that the work has to be done over. Regrettably, the intended savings can end up costing the business owner not only much more money, but lost time.
The other option is for you to have a professional who understands your needs, as well as the needs of your accountant, take care of your bookkeeping. Focus your time and energy on building your business and your profits; let us focus on your bookkeeping.
For many companies it’s just more cost-effective to outsource the bookkeeping and tap into the resources and expertise of a professional. This will free up valuable time for you to focus on business strategy, goals, reduce operating costs, spend time with your current clients, obtain new ones or give you some much needed personal time. We’re always happy to help out with your bookkeeping needs.
The one thing you can count on is that the amount of time you’re charged is completely accurate. If we stop working on your account for any reason, the time is recorded and started again once the work resumes.