Freelance Bookkeepers – Smart Choice for Small Business
Do you need a freelance bookkeeper? It may be a question you’re pondering, or you may not even have thought of it before- but the why and the who of who is handling your vital accounting track record is something that should concern every small business owner.see and read our latest blog post to get updated.
Do I need to hire a bookkeeper?
You need to have a certified, accredited professional ready to handle your financial affairs, yes. However, there’s no particular reason that this person needs to be a regular member of staff. Financial function is a very specific and specialized area of work, of course, and unless you yourself are actually rained in the field it’s rather inadvisable to try and keep costs down by handling this yourself.
Even if you are fully qualified and competent in the financial world, do remember that every moment you spend on your accounts is a moment you’re not growing the core of your business. It may not be right for you to handle your own books.checkout their official website at bookkeeperco.com.au
Yet very few businesses, especially small businesses, are able to carry the financial cost of a permanent bookkeeper on their staff. For the most part, the person will be an underutilized member of a firm during certain periods of the month, and when you have to save every penny keeping someone on the staff roll 24/7 is likely not a wise idea.
So how can I budget my needs and my cash flow?
It’s not as hard to juggle this need to keep your overheads down with the need to have sound financial handling and advice on tap. A freelance bookkeeper can help you keep your financial records immaculate and ensure your tax obligations are filed on the relevant dates without bogging down your payroll. As most modern outsourcing setups also work on a monthly service fee rather than a per-hour charge, it’s also easy enough to budget this as a monthly expense that will likely save more than it costs.
Why use a bookkeeper at all, though?
Without a sound knowledge of your financial position and a good solid set of financial records, your business will not flourish. In fact, poor handling of financial records has been the source of the death of a lot of smaller businesses. Whilst it is tedious and time consuming, it’s also a complex field it’s essential to know how to navigate correctly. Legislation and tax law is often updated, as are rates and more, and it can be tough to stay on top of these changes even when you are in the field, let alone when you are uncomfortable with financial terminology and unsure of your facts.
Overall, it’s considerably easier to hand your accounts to a professional whose very job it is to stay up to date and compliant with the law. The cash flow, balance sheet and income statement you receive from such individuals will be trustworthy and reliable and enable you to make sound financial decisions for the future growth of your business. Opt for a freelance bookkeeper today.