The Dangers of DIY Bookkeeping

Bookkeeping starts with the recording of all day-to-day transactions – expenses, petty cash, invoices, wages, taxes, payments, receipts etc.

This is fairly tedious and time-consuming stuff for a busy owner, so the task is often left to last, or delegated to an office junior, or the owner’s spouse.

When it comes the time to pay creditors, or do BAS, that’s when the stress piles on! By trying to do it all yourself, you’ll waste valuable time, and possibly make costly mistakes leading to penalties for late or incorrect lodgment of returns, or for exceeding your overdraft limit.

That’s where a professional bookkeeper can come and save you tons of time and stress and do all those day-to-day tasks for you. Would you rather be doing data entry, bank reconciliations, cash forecasts, payroll, creditors, BAS, and producing timely financial statements, or would you just like to get on with working in the business you love?

If you answered yes to the latter and you want to use your time, skills and expertise to manage and control your business, with better information at your fingertips, give us a call or email us today.

We love bookkeeping, so you don’t have to!

* Warning: assembling flat pack furniture may be harmful to your sense of humour!

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