Small business owners often try to do their own bookkeeping, but not hiring a professional can cost big bucks down the road. Bookkeeping is probably the last thing you thought about when you decided to run your own business. Unfortunately, for many business owners it can eat up your time and make running a successful business that much harder. Yet, there’s hope and it starts with organisation.
Proper bookkeeping practices are important to the operation and survival of any business. Without it, your business is susceptible to not only to cash flow issues, but potential legal problems as compliance is required. A great bookkeeper knows how to identify and prevent problems before they happen. Someone who has a formal accounting education and gets to know your industry is likely to understand policy, procedure, strategy and ethics to help you meet compliance and industry regulations.
Outsourcing your business bookkeeping to professionals helps free up valuable time that can be put toward growing your business. Back-end operations can be extremely taxing from operating daily tasks that keep your business running. Having an in-house accounting department can lead to a conflict of interest or sweeping issues under the rug. But, when you outsource to bookkeeping professionals who are not just trained in bookkeeping, but know accounting, and have a reputation to maintain, you can mitigate risk.
Bookkeeping is our bread and butter at BPO Connect and our staff are trained in Australian accounting, so we’re more than just bookkeepers. Accountants use our services to provide reliable bookkeeping to their clients without worrying about the overhead costs associated with adding more staff.
If you’d like to learn more about our cloud bookkeeping solutions for small businesses, please ask us for our bookkeeping brochure. Give us a call or fill in our web form!