Bookkeeping & Payroll Services for Small Businesses

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  Every business needs a great bookkeeper! Bookkeeping is one of the universal realities of being in business. Along with marketing, networking and website maintenance, keeping the books is one of those universal jobs that if left to get frazzled can really cause great harm to a business. So it makes sense to engage assistance to do basic bookkeeping. But exactly what services can you expect them to provide? We look at the 5 core roles of a good bookkeeper that will benefit you greatly. Keep Your Day to Day Finances Organised Knowing your cash flow requires knowing what is coming into to your business and what is going out on a regular basis. This means keeping track of your company’s daily accounting matters and this can be time consuming, frustrating or downright impossible depending on how little you understand about the process. Outsourcing to a bookkeeper means you get someone who is always looking after this aspect of your business so that you can focus on others. I...

  It is important that you can differentiate between what your profits are, and what your cash flow is… Cashflow is the life-blood of your business; it’s what allows you to pay off your bills and staff and keep the business afloat! Here are 5 quick and easy ways that you can improve your cash flow today! 1. Make it painless by invoicing immediately! The sooner the invoice is out the better. Be proactive and punctual with your invoicing. If you wait too long, the business that owes you may not have the amount within their budget anymore, or worse, they’ll forget the invoice altogether! 2. Automate your process so that everything is available in one system! Automate your invoicing process so that you can auto-generate any recurring invoices, resulting in faster payments which equals better cash flow! This complimented by the online-based payment services available such as E-way and Ezidebit will be your ultimate weapon! 3. Create clear payment rules in your terms and cond...

  Many businesses continue to remain with their Bookkeeper as they are not familiar with the latest technology advancements that could be saving them thousands of dollars every year. Lets be truthful here. Many Bookkeepers will not be sharing information of the latest technology advancements as they may not be fully informed on cloud based accounting systems or they believe that the old model works. They think it's like a turkey voting for Christmas! The old style bookkeeping clearly does not have the client best interests front of mind. This is costing you, as the business owner, money and time that could be invested in other areas. If you are paying a bookkeeper an hourly rate, you are rewarding them for being inefficient! So, how do you know if it is time to update your Bookkeeper? Here are 7 reasons: 1.      Are you collecting every receipt manually and placing them in a bag or envelope to give to your Bookkeeper every month. 2.    ...