“Why Every Small Business Needs a Bookkeeper (Even If You’re Just Starting Out)”

Starting a small business can be exciting, right? With all the passion, purpose and plans for growth, so much drive and motivation. But there’s also so much work Solopreneurs do behind the scenes to get business off the ground and keep it running. You put so much work in that some areas may get neglected or not thought of...

Bookkeeping is often one of these areas. For some new business owners, it’s often put in the “I’ll deal with it later” basket, until tax time comes around and the receipts are in a shoebox (or missing altogether!)

Whether you’re just starting out or already trading, a bookkeeper is one of the best investments you can make for your business.

Here’s why:

1. Clean, up-to-date books keeps you in control

It can be easy to lose track of your income and expenses when you're running a busy business. A Bookkeeper helps you stay on top of your financial situation, keeping track of where your money is going.

That means no surprises when it’s time to pay your BAS, super, or tax. Instead, you’ll have confidence in your numbers and peace of mind knowing your accounts are up to date.

2. Saves you time (& stress!)

   
   

   Time is one of your most valuable resources. Every hour you spend sorting invoices or reconciling accounts or processing payroll is time you could be spending growing your business, connecting with clients, or taking a well-earned break.

   
   

   When you invest in a bookkeeper, you buy time and clarity.

   
   

3. Helps you make smart business decisions

   
   

   Good bookkeeping gives you accurate financial data to base your decisions on. You will be able to understand your businesses finances better to make decisions such as hiring someone, upgrading equipment, applying for a grant or loan.

   
   

   A professional bookkeeper gives you the insights you need to make those decisions with confidence.

   
   

4. Keeps you compliant with the ATO

   
   

   The ATO has specific rules for reporting income, GST, superannuation, and payroll. Even small errors can lead to penalties or unnecessary stress.

   
   

   A qualified bookkeeper helps ensure you’re meeting your compliance obligations and that your records are always ready for your accountant or tax agent.

   
   

5. You don't have to do it alone...

   
   

Running a business is overwhelming. You wear every hat and perform every role to keep your passion (business) running.

Let a Qualified, Professional, Compliant, Affordable & Friendly Bookkeeper help you!

At Yinydamarra Innovations our first consultations are FREE! This is my way of welcoming and supporting you without the extra stress.

By Nerinda Warner