As a business owner, you’re great at what you do. Whether you sell goods or you sell your 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.
A bookkeeper can free up your valuable time so that you can focus on 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. Alternatively, if you are thinking of using your accountant to manage your bookkeeping, you will pay ‘accountant's rates’ for a bookkeeping job being done. By contracting a bookkeeper to keep your books up to date you will reduce your costs dramatically.
The benefits of using a contract bookkeeper are:
This provides you with more time to focus on your core business to generate more sales
There is no need to employ someone with all the additional expenses of an employee
You only pay for the bookkeeping time you need
Having invoices and statements sent out in a timely manner can help the cashflow
A bookkeeper can also follow up on your customers for overdue payments to reduce bad debts
Gives you peace of mind that your books are compliant, accurate and up to date
Powerful reporting can give you an indication of where your sales are headed
Reporting can be provided to advise you what sells better over other products/services and where you generate the most profit
With a bookkeeper’s accuracy, loading your information may find errors in the past where you are still owed money
Start growing your business and free up your valuable time today by using a contract bookkeeper to manage your bookkeeping requirements.