By clicking on each question below, you will reveal the answers and an explanation for each, so that you are ready to take the next step.
Do you enjoy the bookkeeping?
Awesome! We do too. There is always something so satisfying about looking at the numbers and getting an account to balance.
It takes a lot of energy and time to run a successful business. You start finding yourself spending a large portion of your day or week keeping the financial records of the business up to date, just so you remain compliant and that you don't receive any penalties. This is why outsourcing your bookkeeping can be benificial. So that you can concentrate on growing a profitable business and also have free time for the fun stuff.
Do you find bookkeeping confusing?
Staying compliant and up to date with your bookkeeping can be very time consuming. No matter how much research you do, reading the many articles on the ATO website regarding legislative and regulatory requirements, you may find yourself lost within the words because without proper training and experience it all seems so confusing. The law is constantly changing and you need to ensure you keep up to date with the changes.
We eliminate the confusion by having the regular training to understanding and apply all the ATO legislative requirements which will free your time and ensure your business remains compliant.
Have you had some training as a bookkeeper? Are you good at understanding all the compliance requirements? Maybe you can consider using our services on a quarterly basis, just to check that your BAS lodgements are accurate, that your coding everything correctly and in real time, and that you are applying all the laws without error.
Are you sure your bookkeeping is entered correctly?
That’s excellent! You must have had some prior training. Have you had your work checked? We tailor our services based on your individual business needs. For business owners who do their own bookkeeping, we offer a detailed bookkeeping health check, so you can ensure your records are correct.
That's ok. You can’t be an expert at everything. There are so many rules surrounding the do's and don'ts of GST alone. If you do your bookkeeping to save money on the cost of a bookkeeper, you could potentially be missing out on GST credits, or even be making mistakes that could cost you greatly at the end of the year, as your Accountant will need to make adjustments. These adjustments are then charged at a accounting rate. In the end, it works out to be more cost effective to have your accounts entered correctly by a BAS Agent, which also gives you the added bonus of peace of mind.
Are you behind in your bookkeeping?
As your business grows, so does the paperwork. If you don’t keep your account up to date and there are financial issues that have not been identified early, you can be headed for trouble without even knowing it. We help businesses catch up on their compliance, falling behind on your bookkeeping is a positive sign that you need a bookkeeper.
That is super! Keep up the great work. You are in a good position (providing your accounts are correct) to understand your business finances better and prepare for future growth. Well done.