Jim’s Bookkeepers provide bookkeeping services, which range from the basics to the more complex. There are range of factors that influence the selection of bookkeeping service provider, like cost, compliance, efficiency, experience, referrals, etc. How do you decide?
Bookkeepers come in all different shapes and sizes with different levels of expertise and experience so it’s important to know what to look for. This list represents just some of the bookkeeping services performed by any member of our team. Knowing these tasks will be completed expertly and presented in an easy to understand way that you and your accountant will both love is what makes the difference.
Balance your books with the bank’s records.
Help with cashflow by keeping track of money going in and out of your business.
Lodge on time and avoid tax office penalties.
Calculate the correct amount.
Keep track of what you owe so there are no nasty blow outs.
Make sure you claim the correct GST amounts.
Collect your debts faster and easier.
Keep track of who owes you what.
Be prepared for tax time by knowing how much profit is recorded. If profit is low (or non existent) make changes that will improve the situation quickly.
Avoid hefty penalties by ensuring you comply with relevant regulations.
Don’t get lost in the maze of Government requirements for compliance.
Because you need an expert
Small enterprises may find it difficult to employ a full time bookkeeper to maintain their accounting systems. They have to maintain an accounting system as they are required by law to do so. They have to pay their share of taxes hence it is imperative that they maintain a proper accounting system. The enterprise needs to know where they can cut costs and at the end of the day, know if they have made a profit or loss.
To help enterprises that find it difficult to employ a full time bookkeeper, there are accounting firms that provide bookkeeping services as the case may be. The bookkeeping services that are offered will cover all aspects of accounting that is required for that enterprise.
Sales turnover, expenses and last of all the most important, the profits of the enterprise will be ready for perusal by the management. Bookkeeping services are very popular and the tax authorities will not come calling if your accounting books are in order.
Outsourcing the bookkeeping services will allow more flexibility for the owner to concentrate on his business. The accounting books must be maintained in proper order to minimize hassle from the authorities.