News & Tips

XERO’s Advice - 04.02.16

Recently XERO, one of the leading accounting software companies released an article outlining why their clients should consider hiring a bookkeeper. They believe that to use their software effectively, for most small businesses, hiring a professional bookkeeper is essential for three reasons;

1. They save you time – Unless you already know a lot about bookkeeping, it’s unwise to take on this work yourself. Processing receipts, expenses and payments is only part of the work. They know how to assign expenses to particular clients. They’ll take all the numbers, enter them into your accounting software, and make sense of them. A good bookkeeper knows how transactions should be treated to provide useful business reports. It’s a skilled job, and your bookkeeper will do it much more efficiently than you can.
2. They understand your business – Because they deal with the day-to-day accounts, bookkeepers have a deep insight into your company’s finances. By sharing this insight with you, they can help you work out where your business should be going. They can flag any issues in time for you to do something about them. A good bookkeeper watches over your finances and helps you steer clear of trouble.
3. They help you manage your cash flow – accountants provide a valuable service, particularly when it comes to strategic advice, annual returns, and tax issues. But they don’t usually see your accounts every day. A good bookkeeper will keep a close eye on your accounts on a regular basis. This will help keep your cashflow under control, which is vital for business growth.

For more information on what XERO advises about Bookkeepers visit our website admintehcniqs.com.au
Or to Visit the origonal XERO post visit www.xero.com