Top Reasons Why You Need to Hire a Professional Bookkeeper - PowerPoint PPT Presentation

About This Presentation
Title:

Top Reasons Why You Need to Hire a Professional Bookkeeper

Description:

Spending money frivolously is a foolish way to kick off a new business. Spend money only where you have to. When it comes to your bookkeeping Gold Coast, spend money wisely by starting this important responsibility off on the right foot. – PowerPoint PPT presentation

Number of Views:28
Slides: 11
Provided by: arvnsmul
Category: Other

less

Transcript and Presenter's Notes

Title: Top Reasons Why You Need to Hire a Professional Bookkeeper


1
Top Reasons Why You Need to Hire a Professional
Bookkeeper
  • firstbookkeeping.com.au

2
  • Starting a new business is an exciting time!
    You have so much to do create a logo, design
    your marketing, pull together your store, shop or
    office, hire staff, order inventory and office
    supplies... and so on, and so on. It's hard to
    keep up!
  •  
  • Money is always tight when you're starting a
    new business. You don't want spend money where
    it's not necessary. After all, money is going to
    be tight for the next little while.

firstbookkeeping.com.au
3
  • That's why many new business owners "save"
    some money by doing two things
  • Do their own bookkeeping Gold Coast, and
  • Use a spreadsheet like Excel to do it with.
  •  
  • It would to too harsh to say that these are
    big mistakes. After all, you want to avoid
    unnecessary expenses. And if you don't have the
    money to pay a professional right now, well,
    that's reality.
  •  

firstbookkeeping.com.au
4
  • You can get your business set up correctly.
    Whether it be a sole proprietorship or
    corporation, setting up various accounts is
    important, including
  • Creating all the accounting categories you'll
    need to track your activities
  • Sales tax accounts with the tax man
  • Payroll source deductions with the tax man

firstbookkeeping.com.au
5
  • You avoid huge mistakes that you'll have to
    pay to have corrected down the road.
  • We've spent hours fixing mistakes such as, not
    knowing the difference between an asset and
    expense.
  • If meals and entertainment expenses happen, do
    you know how to correctly record sales taxes?

firstbookkeeping.com.au
6
  • You establish bookkeeping Gold Coast habits
    early.
  • Create a special place where all receipts are
    gathered
  • Learn how to annotate them so you'll know how
    they'll be categorized
  • Turn them over to be processed each month
  • Expect regular reports about your Business's
    Financial Story

firstbookkeeping.com.au
7
  • You free up time for tasks closer to the
    "core" of you business.
  • What makes you more money Sitting down in front
    of a computer doing data entry, or talking with
    prospective and existing clients? No-brainer!
  • You take some worry away.
  • Getting a call or letter from the tax man saying
    this or that remittance hasn't been done is
    stressful. Avoid this.

firstbookkeeping.com.au
8
  • You start early to make business decisions
    based upon updated financial numbers.
  • When it's time to make a large expenditure, or
    hiring someone, you have to know your numbers.
    They will help you make better business
    decisions.
  • You compare month-to-month and year-over
    year.
  • Proper bookkeeping Gold Coast professional
    services come with a lot of reports that reveal
    how you are doing. By starting off the right way
    you have access to all this information right
    from the beginning.

firstbookkeeping.com.au
9
  • You'll be ready for your accountant, and he
    or she will charge you less money.
  • By presenting your accountant with a "clean" set
    of books you are doing yourself and he or she a
    favour.
  • Your accountant wants to look things over make a
    few adjustments based on your consultations, and
    get the tax return into the tax man.

firstbookkeeping.com.au
10
Thank You
Bookkeeping Gold Coast
Write a Comment
User Comments (0)
About PowerShow.com