Does my Startup really need a Bookkeeper?
Stephen Clifton – 30-May-2019
The straight answer? YES! One of the first things on your Startup list should be to hire an experienced Bookkeeper. An NCA Bookkeeper will not only provide these baseline services (bookkeeping, software advice) you require all year round, but so much more! They will help you reduce risk such as employment risk and ATO risk, help you understand your business and manage business performance, assisting with bank finance and ensuring internal controls are in place
So how will a Bookkeeper actually help me?
You’ll be setup correctly from the start.
Reduce risk with employment and the ATO – A Bookkeeper will help ensure you have the correct documents in place for any ATO activity and ensure you are compliant with FairWork.
Which accounting software should you choose – It’s imperative that you identify which accounting software integrates with your current operational software. This is where your Bookkeeper should have a solid understanding of which software will best suit your needs and integrate seamlessly into your business world. There are so many options available now that researching these individually is a very time consuming task. Bookkeepers have their fingers on the pulse with software so therefore will be able to select the best accounting software to suit your business needs.
Accuracy of your financial data.Business is a fast-paced game. Every day, you, as a business owner are required to make decisions, and often, quickly. The ability to make informed decisions, which will lead to desired outcomes is dependent upon the availability of accurate and up-to-date financial information. Regardless of whether the decision involves moving into a new office space or launching that new product, having your updated financial information is vital. Entering your business transactions daily & accurately can influence decisions which will help your business thrive or falter.
They will save you time enabling you to focus on what matters most.
If you started your own business, it’s likely that you’re passionate about running it and concentrating on the tasks you love doing. But if you’re like most business owners, you’re not so interested in recording all the details of every financial transaction. So why not leave this to a Bookkeeper who is passionate about numbers?
They will enable you to make better business decisions.
Every successful business owner learns from experience—not to mention failure, which can be the greatest of all teachers. While it’s true that “you don’t know what you don’t know”, you can change this by having regular business performance reports and budgets to help guide you to the right decision.
How NCA Can Assist
Here at NCA we offer our affordable service packages where you have the opportunity to select the service/s required into a weekly, monthly or quarterly bill. As part of this package we can include ongoing business performance reports and or meetings to act as a financial mentor for your business. Whether you are growing, maintaining or looking to get into something new we have the expert staff to assist in this process. Please contact us here for further information.