You started your business because you know a lot about plumbing or hairdressing or coffee or building. You didn’t start your business because you know a lot about numbers…so why are you doing all the invoices, receipts and spreadsheets yourself?? Your time is precious so why not hire a bookkeeper so that you can devote your time to the parts of your business you excel at? But, you may be wondering, what does a bookkeeper actually do? Well, firstly, great question! Secondly, read on and I’ll tell you.

Data Entry

This might sound simple enough, but it can be a big time-eater if you do it yourself. There’s also a big room for error here if you try to rush it (being a time poor business owner!) which can cause all sorts of issues. Your bookkeeper will record all of your transactions, allocate them to the correct accounts and produce regular reports so that you can see how your business is doing.

Invoices & Receipts

Producing invoices, handling receipts and processing payments is something that your bookkeeper will do for you. We all know that sending out invoices straight away can get you paid faster, so this is going to save you time AND money.

Generate Financial Reports

Your bookkeeper will handle all of those pesky reports and then explain them to you so that you can use them to make decisions within your business. The more information you have about your business, the better your decision making will be.

BAS

If lodging your Business Activity Statement (BAS) gives you a huge headache each quarter, it’s time to hand it over to your bookkeeper who will handle this for you. Phew!

Payroll

If you have employees then you’ll be glad to know that your bookkeeper can take your payroll tasks off your hands. No more checking timesheets or calculating things like superannuation or payroll tax for you! Your bookkeeper can sort this out to make sure your business is doing all the right things.

Software Set-Up

If you’re ready to get set up with some accounting software but have no idea where to start, your bookkeeper has got you covered. Your bookkeeper is an expert at this and can make it easy as pie to transition. Our favourites are QuickBooks Online and Xero - we can set you up and show you how it can transform your business.

Compliance

The main advantage of using a bookkeeper rather than DIYing it, is that your records will be nice and accurate. So if the ATO ever comes knocking at your door to do an audit, you can breathe a sigh of relief knowing that everything will be okay.

What Does a Bookkeeper Do?