Frequently Asked Questions
Why do I need bookkeeping?
Businesses of all sizes need to keep accurate financial records to ensure they meet their financial obligations. As businesses grow, this becomes even more important when making important business decisions.
Why should I outsource bookkeeping?
Outsourcing your bookkeeping gives you time to focus on other areas of your business. Most business owners don’t have the skills to manage their bookkeeping and are unaware of their obligations with compliance, reporting and contributions such as BAS, IAS, Payroll and Superannuation. Your bookkeeper will manage this for you.
Can’t my accountant or data entry person do my bookkeeping for me?
Some accountants do offer bookkeeping services, but most prefer to focus on the higher end processes such as legal and tax management. They also charge considerably more than a bookkeeper. Some data entry staff are able to enter data but are limited to what they are qualified to do. Our bookkeepers are qualified and certified to be able to provide a complete service.
What is the difference between a Bookkeeper and an Accountant?
A bookkeeper is predominantly responsible for recording the day to day transactions of a business. Generally, an accountant is engaged to provide a business advice at a higher level, such as structuring, tax planning and compliance.
Where a business engages their accountant on a proactive basis, it is beneficial if the bookkeeper works alongside with the accountant to ensure all the business’ transactions are recorded and transacted in accordance with the accountant’s advice.
What services can you provide?
We are able to satisfy almost all of your requirements. Including;
- General Bookkeeping
- Payroll, PAYG and superannuation
- BAS and GST
- Accounting systems and setup
- Software training and support
How much will outsourcing bookkeeping cost?
As no two business is alike, we offer a free consultation to see how we can assist you with your bookkeeping requirements. We can then customise a package suitable to your business. Click here to book your FREE appointment.
What software does Insightful Bookkeeping use?
We have the capabilities to proficiently perform on almost any software. Insightful Bookkeeping is a partner with Xero and MYOB. If you do not have software set up, we can suggest the most appropriate alternative and provide you with training and support.
Can you work at my premises?
Of course, we can comfortably work at your premises or from a remote location. It is entirely up to you.
What areas can you service?
With the access of cloud based accounting, we can service almost anywhere in Australia.
What if I have another question?
Simply click here and send us a message and we will answer any questions you may have.