As a small business owner, you may start off by doing everything yourself. However, as the business grows and develops you may find yourself spread thin. There are some tasks that you may need assistance completing. Evaluating what area is lacking is vital in determining where to seek help. An area of business that is often overlooked is the bookkeeping/accounts.
Your Books Are Not Up To Date
This probably seems like an obvious sign but when you get in the mindset of “I’ll get to it” or “I’ll do the bare minimum and fix it all next time” you are clearly falling behind. If you leave everything till “later” or tax time, you find yourself in a world of stress and likely run into financial issues. Including a decrease in cashflow or budgeting errors. This can be prevented by hiring a Bookkeeper to stay on top of the workflow.
Unsure Of Regulations Or Financial Obligations
Another sign you may need a Bookkeeper is if you find yourself feeling a little lost or confused regarding compliance or legislation. When it comes to your business ensuring you meet all government regulations and obligations is very important. With tax compliance becoming more complicated, this area is best left to a qualified professional.
You’re Spending Too Much Time On Bookkeeping Duties
If you are increasingly being taken away from running your business because you’re spending a large portion of your time managing financial records a Bookkeeper can help you. They can take care of processing invoices, chasing debtors, producing reports, reconciliations, payroll etc. You will take a sigh of relief when you finally delegate responsibility.
Accountant Performing Bookkeeping Duties
Chances are you are paying your account more many than you need to. As accountants typically don’t update financial records, prepare BAS or other such compliance tasks. By hiring an experienced bookkeeper, they will be able to perform all these tasks at a lower price point.
So now that you have identified that you need a Bookkeeper what’s the next step? Don’t complicate your life further by adding another task to your busy schedule. Leave it to the professionals and contact The Recruitment Alternative. We offer low-cost flat fee recruitment solutions to all sized businesses, without compromising on quality.
Our experienced staff will take a detailed job brief to ensure we find the right fit for your organisation. Take the first step towards reducing your workload and finding a quality Bookkeeper by contacting us on 1300 548 546.