Benefits of a qualified bookkeeper

  1. Avoid Incorrect Invoicing
    Errors in Invoices can cause issues with obtaining payments and errors in your inventory stock. A good bookkeeper can not only ensure the Invoices are correct but also monitor your Aged Receivables and follow up on unpaid accounts.
  2. Meeting ATO Deadlines
    There are specific dates for lodging taxes and other requirements. Missing a date can cost you penalties and other charges. With a good bookkeeper the only thing that you have to worry about is getting all the information to them on time and they take care of the rest.
  3. Correctly classifying items for tax purposes
    Tax laws are revised and updated periodically. What is classified as an item under a particular tax bracket or rule may change. A good bookkeeper keeps abreast with the latest tax rules and understand items that may be tax deductible for your business.
  4. Knowledge of how your accounting software works
    Inaccuracies in handling the accounting side of the business can potentially lead to more losses than you think – not to mention government penalties. Accounting software works best if the correct data is input. A good bookkeeper understands this perfectly and the advantage is that you don’t have to worry at the end of your financial year.