Importance of Bookkeeping

Bookkeeping is a profession that helps small businesses grow and gives business owners the confidence that they are on the right track of making profits.

When it's Tax time, you seek a professional accountant and ask him or her to lodge the tax return for your business, then the accountant will ask you to pay extra amount of money to do the bookkeeping work first and after few weeks your business Tax return is lodged, BUT did you ever ask yourself shouldn't I know my net profit before tax time, shouldn't I see how my business performance every week, month or quarter?

Many of small businesses opt to do all their financial work by themselves thinking they are saving costs, but do you know it is the opposite?! The time spent on bookkeeping work can be spent on other important tasks such as making plans for growth, marketing, networking, reviewing your sales strategy, etc.

Do you know when contracting a bookkeeper is more beneficial than hiring one. Think of how much savings on leave, super, PAYG will be when you contract an external bookkeeper.

ATO has recently implemented Single touch report, and this must be applied by employers and report their employees' and other payments online using one of any registered accounting software. Bookkeepers are trained to help you lodge payroll and apply all the elements needed when reporting. For more details, please click the link here

Not convinced yet, why not calling us and let us know what do you think?