Why use a bookkeeper?

As a business owner, you’re great at what you do. Whether you sell goods or services, your time is valuable. If you are trying to juggle the normal day to day selling, collecting of outstanding money and updating your books, you soon find yourself working longer hours and not having the time to grow your business.

You need to know where your cashflow is at and if you’re constantly focusing on your bookkeeping, you don’t have time to focus on your core business.

Employing a bookkeeper on your payroll as a part time or full time staff member can be costly. There are additional overhead costs such as PAYG, superannuation, holidays, a desk, a computer and so on. And if you are thinking of using your accountant to manage your bookkeeping, you will pay ‘accountants rates’ for a bookkeeping job being done which can be very costly. By contracting a bookkeeper to keep your books up to date will reduce your costs dramatically.

Here are some benefits of using a contract bookkeeper:

Saving your valuable time by having them manage your bookkeeping for you
> Provides you with more time to focus on your business to generate more sales

Reduce your overheads in a cost effective manner
> There is no need to employ someone with all the additional expenses of an employee
> You only pay for the bookkeeping time you need

Increase your cashflow
> Having invoices and statements sent out in a timely manner can help the cashflow
> A bookkeeper can also follow up your unpaid invoices to reduce bad debts

A bookkeeper has an improved knowledge of bookkeeping therefore ensuring no errors in your books
> Gives you peace of mind that your books are compliant, accurate and up to date

Increase sales opportunities to improve your profits and grow your business
> Powerful reporting can give you an indication of where your sales are headed
> Reporting can be provided tell you what sells better over other products/services
and where you make the most profit

Lost income can be found
> With a bookkeepers accuracy, errors may be found where you are still owed money