Business Bookkeepers - Bookkeeping
A competent bookkeeping service can be a valuable asset to a small to medium business.
Businesses with a turnover between $100,000 to $3 mil are usually too small to have an office person fulltime looking after accounts payable and receivable. A bookkeeper would maintain these functions as well as providing accurate bookkeeping and providing accurate financial statements.
Bookkeeping provided in this manner by book keepers is invaluable to business. It provides an opportunity for a business to remain government compliant as well as keeping employee costs down.
An offsite bookkeeping service does not tie up valuable resources – and is very cost effective because superannuation and PAYE withholding is not payable. This is a cost effective alternative for the business, and assists with cash flow.
A good bookkeeper will not only maintain timely payables and receivables, but provide a payroll service for the employees, maintaining accurate holiday and personal leave accrual. Provide accurate reports which enables the business to remain cashflow positive by providing accurate bookkeeping records.
Once the financial records are passed to the bookkeeper the business owner is able to concentrate on running the business.
The following services should be provided by a government certified bookkeeper:
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Having customers pay in a timely manner |
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Paying accounts in a timely manner – having a good credit rating |
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PAYE withholding reporting Superannuation reporting |
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Accurate so as to produce trustworthy financials |
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Profit and Loss statements – cash flow statements |
