News & Tips

Bookkeepers! Save You MONEY - 18.02.16

Why do Bookkeepers save you money?

Your business is important to you, your family and your future. Make the long hours you work count. Find out how your house keeping can make money management easier. 

Over the next 5 weeks, you will discover why  Bookkeepers can save you money, which will help your business grow.

Accountability and Tracking

The Bookkeepers trained eye looks at income and expenses as a whole. Business owners then have a platform to view net profit and cash flow. Over a period of time a bookkeeper will be able to analyse costs, prepare budgets and keep you up to date and and knowledgeable about your spending.

Your time is valuable. Plan to plan. Take the pressure off.

Preventing Avoidable Errors

If you have already started tracking income and expenses or have admin staff doing this for you, it may be good to ask, am I doing this correctly? As entrepreneurs, we tend to want to wear all the hats but often we can’t. Doing your own Bookkeeping may save you money in the present but cost you thousands to correct later.

Payroll Mistakes

Payroll is a huge money guzzler! Running the risk of doing it incorrectly can lead to huge penalties and costs for rectifying mistakes. Outsourcing payroll to a qualified bookkeeper can save the hassle.

Paying Your Bills

Often times, outsourced bookkeepers also offer bill pay or invoicing options. If you struggle with keeping up on all of your bills, it may save you hundreds of dollars a year in late payments and early payment discounts if you hire a bookkeeper.

Or if you want one less thing to worry about, you can save “time-money” by not having to keep up with your money/cash flow. There are many options to ensure that a system of “checks and balances” is still in place if you decide to go this route. How much is your time worth? It may be worth the investment of an outsourced service.

Lack of Employee costs!

Outsourcing a bookkeeper instead of hiring an employee can save money as well. Hiring a contract bookkeeper SAVES the overheads of payroll taxes, PAYG and SGC superannuation. Often you will find that outsourcing fees are significantly lower than hiring another employee.

Hiring a Bookkeeper such as Pam from admintechniQs can save you the hassle of, and the possible risk of having to make adjustments to the ATO. At admintechniQs we are available all business hours Monday to Friday and also on call 24/7 to sort your Bookkeeping needs.