Most small to medium businesses survive with a part-time bookkeeper. For some small businesses, this is all they need.
However, too often this bookkeeper is a spouse or friend with the best intentions, but lacking the training and experience to do the job efficiently and effectively. If you are ‘doing the books’ yourself, you need to ask yourself a simple question, “would I give myself a haircut or would I pay someone else to do it?”. If you prefer to pay someone who has been trained in what they do to cut your hair, then why not pay someone who has been trained to keep your ‘books’ in order.
Swan Valley Tax & Accounting can take care of this important task for you and add value to your business in the process. We may charge more per hour than your current bookkeeper, but we can often perform the task more efficiently and add valuable insights into your business which can save you money in the long term. Our bookkeeping service has the added support of our experienced, CPA qualified accountant to mentor them and review your business.
One great product that we use that can assist you with this is Xero. Xero is an online accounting software designed for small business. Xero offers 3 clear advantages over other record keeping options.
- You can have automated bank feeds from most banks that transmits your daily transactions straight into the accounting software.
- It’s online, so both you and your accountant can access it anytime and anywhere there is an internet connection.
- The fees are billed monthly and includes all ongoing upgrades, meaning no more issues with out of date versions.
Click here to find out more about how Xero can help you business or for a free Xero trial. We can also support MYOB and Quicken.