Bookkeeping & Payroll Services for Small Businesses

  Hiring a bookkeeper can be the most important decision you will make in your business. Ask yourself the following 2 questions and it will help you in making a more informed decision. Can your small business afford an individual bookkeeper? If you’re thinking about hiring an individual bookkeeper, there are a few things to keep in mind first. Unless your business is very small and you can easily handle all the bookkeeping yourself, it’s probably not a good idea. Here are four reasons why: If you are paying someone to attend your office, you are inherently paying them for their travel time and breaks as they spend time in your office. Unless you are proficient in various accounting and financial software programs, you’ll be placing a huge amount of trust in this individual’s abilities. An individual bookkeeper is unlikely to be familiar with your industry and the specific needs of your business. Hiring an individual bookkeeper means ...

  On a day to day basis, the team at iKeep are helping business owners with a clear picture of how their business is performing. Part of helping business owners is demystifying the hype in the media about what is happening in the economy, so we decided to speak with the experts in our network to make sense of what’s going on in property, in crypto and the stock market. If you are interested in attending one of these complimentary events, tickets can be found here. Property Discussion (watch the video) In this session we held a discussion with David Kenney of Hall Chadwick and Chris Gray of Your Empire. We started by discussing David’s experience around maximising the value of a business and how to realise this when the time is right. The discussion then flowed to Chris to talk about various strategies on how to build a property portfolio, and how this can be an achievable goal for someone who is living in Sydney. Crypto Discussion This session has been designed to be...

  When most people think about starting a new business, one of the first things that come to mind is how they’re going to manage their finances. The reality is that many start-ups don’t have any experience in this area and will need to find someone who can help them out. In this blog post, we’ll discuss why should you outsource your bookkeeping. How much can you expect it to cost? And 3 benefits of outsourcing your bookkeeping needs for start-up founders. Why should start-ups consider outsourcing bookkeeping? There are probably more valuable things you can be doing in the start-up phase of your business than learning the difference between a debit and a credit. Generally, a founder juggling the responsibility of sales, product, cashflow, human resources, compliance and more – many of these things can drain the enthusiasm they had for their business. By out-sourcing key roles to professionals, you will have more time for growing your business and generating new ideas that can he...

Bookkeeping is the process of recording financial transactions, understanding the details, and preparing summaries to be able to generate accurate reports. A bookkeeper can work for a company or as an independent contractor. If you are considering becoming or hiring someone to handle your bookkeeping needs, then this blog post will answer all your questions about what it takes to become a qualified bookkeeper! What is Bookkeeping? It is simply the activity or occupation of keeping records of the financial affairs of a business. Bookkeeping is the process of recording financial transactions, understanding the details, and preparing summaries to be able to generate accurate reports. Bookkeepers are individuals who manage all financial data for companies. Without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within the company. A bookkeeper can work for a company or as an independent contractor. Bookkeepers play...