Bookkeeping: Robina Bookkeepers, Gold Coast0415 453 536 – MYOB,Quickbooks, Robina, Varsity Lakes, Reedy Creek and Mudgeeraba

Outsource your bookkeeping to free your time to do what you do best

One advantage of the introduction of the GST was initially to force you to review your finances on a quarterly basis resulting in a greater awareness of your ongoing financial position.

This has led to many small businesses in and around Robina, and Varsity Lakes utilising a computerised accounting software package such as MYOB or Quickbooks to do the hackwork and present you with the necessary reports and if required even the BAS itself.

However, owning the software does not make you a bookkeeper, and whilst the software companies have done their best to make the packages easy to use, the operator still needs a basic understanding of bookkeeping.

We’ve helped many small business owners with book-keeping, and we can help you. By outsourcing your bookkeeping needs you can free up your time to do what you do best in working your business, while we do what we do best, working on the bookkeeping side of your business

The work of a bookkeeper is not the same as that of an accountant. Indeed, many accountancy firms employ or subcontract bookkeepers to prepare the figures for their financial reports.

Bookkeepers enter all the data, invoices, receipts, dockets, and match up the money that comes into a business with the money that goes out of the business.

The bookkeeper will reconcile the bank accounts, make sure that all the figures entered into the general ledger match the figures on the bank statement.

Accountants will look after the taxation matters of a business – they are professionally qualified and keep upto date with all the updates and changes in tax laws and rulings from the Australian Taxation Office

The finer points of accounting and taxation are best left to the professionals whose job among other functions is to keep you updated with changes in taxation as well as maximise your deductions. Your book keeper should be able to prepare a reconciled trial balance.

You can do the bookkeeping yourself if you have some knowledge of simple bookkeeping and know your way around a computer, but many small business owners do not have the time or the inclination to do the necessary bookwork each week

He regarded the bookkeeping to be an unnecessary expense

Many small business owners struggle with keeping their bookwork up to date. Yet good record keeping is an essential part of any successful small business. Contact Us HERE for details.

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.

We recently had a client who knew his business so well, that he boasted one client accounted for more than two – thirds of his business turnover.

When we presented the figures, he was shocked to learn that the client actually accounted for less than a third in terms of income, and was actually taking up about 80% of his time.

The business owner had no idea of where his business was, he hadn’t looked at sales figures, had a vague idea about his pending orders, and was heading for collapse.

Yet he took no notice of our warnings, because he regarded the bookkeeping to be an unnecessary expense, and only wanted the minimum of bookkeeping services.

Six months later he closed the doors on his business, before the creditors declared him a bankrupt. So he lost his whole business for the sake of a few hundred dollars in bookkeeping fees that he regarded as an expense.

Good record keeping should be the life-blood of your business, so ensure that you have a good bookkeeping system in place. Contact Us HERE for details

Do you know if your bookkeeper is looking after you ?

1) Are you accounts receivable / payable upto date and in order?
2) Is your bookkeeper giving you reports of accounts receivable / payable weekly?
3) Are you invoices being sent out on time?
4) Is your bank account being reconciled daily?
5) Is your accountant happy with the bookkeeping? (And his fees don’t include bookkeeping work that the bookkeeper should have done)

If your bookkeeper’s behind in any area, then you need to find out why – it could be:
a) S/he’s got more work than time available
b) S/he’s slow
c) S/he’s may not be up-to-speed with the software and needs a refresher course
d) there may be other problems that S/he’s not told you

Contact Us for an initial appraisal