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It’s never been more important to have good business management practices in place. This also includes with the day to day management of your books. As a small business owner, you’re probably keeping a close eye on every cent you spend. However, it might mean that you are actually spending too much time micro-managing your finances and not investing in hiring people to help you in your business. Hiring a bookkeeper can be a great investment for any small business.
What Does a Bookkeeper Do?
A Certified Bookkeeper will take care of your daily business financial management. They’ll make sure your books are up to date, balanced and reliable data is available so they can support the best possible decision making for your business.
All of the frustrating financial tasks that you hate and that take up so much of your your day, they love doing. Admit it, you did not go into business to play with numbers, they did and they are a lot faster and more efficient at it than you are. You are much better earning, doing what you actually got into business for.
Hiring a Bookkeeper Saves You Time
Unless you’re a bookkeeping guru, you may find your bookkeeping to be a minefield and complete waste of time. Chances are, you’ll put off your bookkeeping until its a massive chore and GST is due tomorrow!. This means it takes up more time and you like it even less. Even if you do enjoy it, doing this day-to-day book work is dragging you away from the parts of your business where you should be focusing your energy and passion. Your time is valuable right?. So, you are much better investing your time in value-adding activities like sales.
A Certified Bookkeeper will be more efficient than you, they won’t spend all day reconciling bank accounts and delving into paperwork. They’ll have it done in a matter of minutes. They won’t have as many errors and overall, they will save you time, and money, not to mention take away your stress and white noise.
Your time is valuable and it is worth investing in a Certified Bookkeeper.
A Bookkeeper is on Top of Your Cashflow
Hiring a bookkeeper means that you’ll always have someone with an eye on your cashflow.
They’ll help you get paid. Many small business owners have a number things to get on and do. It’s easy for things like invoicing and accounts receivable to be forgotten and put aside right?. It is essential to your business survival that you send out invoices as soon as the job is completed. It is equally as important to follow up with late payers to see what’s going on. These calls are just a friendly, personal reminder that the invoice is outstanding and due for payment. You might feel bad doing this, which is why its the perfect task for your friendly, professional bookkeeper.
Your bookkeeper will also ensure that you don’t end up getting any of those calls from your creditors. They’ll ensure that your bills are paid on time.
Is there any better investment in your business than one that makes sure you’ve always got cash flowing and money in the bank? Timing is everything.
Certified Bookkeepers are Experts
Hiring a bookkeeper can provide you with insight into your company’s financial position. If you’re short on cash, overspending in certain areas or struggling to collect outstanding monies, your bookkeeper will tell you. They can also work with you to help remedy these issues. If there is something you don’t understand about your business finances, your bookkeeper can help to explain it to you, they can even explain it all in plain English.
Hiring a Bookkeeper is an Investment in Your Business
With a Certified Bookkeeper on board, you can sleep easy knowing your business books are in the hands of a professional.
Remember, not all bookkeepers are created equal. I am a Certified Bookkeeper with the Institute of Certified New Zealand Bookkeepers and hold a Silver Bookkeeping badge.
Want some help with your bookkeeping? Get in touch with us today.