In a tight economy you need to ensure that you have a handle on what money you owe and to whom, and what money is owed to you and by whom.
As a small business owner in Campbelltown, Bankstown, Sydney CBD and Northern Beaches you need to ensure that you have a handle on your cashflow. If you do not have a bookkeeper, or book-keeping system in place then contact us here for details
If you do not use an accounting software package such as Quickbooks or MYOB, if you do not use a bookkeeper, or have a bookeeping system in place then you could be heading for disaster. Unlike Kevin Rudd’s government, most likely you do not have an unlimited supply of cash,
Read more… »
Many small business owners in Sydney struggle with keeping their bookwork up to date. Yet good record keeping is an essential part of any successful small business.
As a successful Sydney business operator, how can you make an informed decision about your business if you don’t know where you are at financially with your business? You may have an excellent understanding of your business, and can say that you have all the information in your head. That’s why having a bookkeeper as part of your team is so important.
Since many small business owners can not afford a full time bookeeper, they choose to outsource their book-keeping requirements. That’s where our team of Sydney bookeepers can help with your bookeeping.
Read more… »
It’s tempting for small-business owners in Sydney to want to handle their own bookkeeping and tax preparation. After all, there is a lot of excellent accounting software such as MYOB or Quickbooks out there to help them.
And many business startups begin with a few partners who do everything, hiring outside contractors only when absolutely necessary.
But just because you can do something such as the book keeping or the paperwork, doesn’t mean you should. There are indirect costs involved with everything that falls into the do-it-yourself category.
These include the time you spend doing it yourself instead of tending to other business matters, and the possible missed opportunities that come with not having something handled by a full-time expert in that task.
Read more… »
Happy New Financial Quarter!
For some business owners the BAS is a pain in the neck
As we enter Q2 for 2008/09 the world of finance seems to be in turmoil, but guess what? The Australian Taxation Office still want you to lodge your Business Activity Statements.
Regardless of what’s happening (or not) in Wall Street or George Street, businesses around Campbelltown and Bankstown still need to get their bookwork sorted out for the quarter ending September 30 2008, to have the BAS done by 28 October 2008.
Are you struggling with your bookkeeping?
For some business owners the BAS is a pain in the neck, so they brush it aside and put it in that special place, the “TOO DIFFICULT Pile”
Trouble is, that really doesn’t fix the bookwork, and without a bookkeeper, or someone who’s got a handle on the bookkeeping, those Northe Beaches business owners that are not addressing the problem may soon find that they get fan mail from the ATO.
Contact Us today, and we’ll help you get your bookkeeping sorted out
PS – We are not Registered Tax Agents, we are recognised BAS service providers by the ATO
We were approached by a client who’s been using her accountant to do her bookkeeping!
The accountant had set up everything for her, but things had got out of hand. We organised for one of our bookkeepers to go and see her, and let us sort out the mess.
In her wisdom, she decided that she’d speak to her accountant before we started. Then she came back to us explaining that the accountant would look after everything.
Maybe she doesn’t realise that accountants too outsource bookkeepers, and then add a nice little (big) markup to add to their profits – so the client actually ends up paying more fees for less work.
Anything that you can do that will save them time, such as keeping your books in good shape, will save you money.
You can dramatically reduce your accountant’s bills by taking care of your own day-to-day finances.
Ever wondered why your accountants’ eyes light up when you present them with a shoebox full of dockets at the end of the financial year?
The accountants will charge their time to you and pay bookkeepers rates to get the work done. So the accountant has just made a very nice profit from a business owner who desperately needs to tighten up business operating costs.
If you’ve been told that hiring a bookkeeper is expensive, then contact us for a free appraisal of your bookeeping needs
Subscribe
2nd Quarter: 28/02/12