We know what a Bookkeeper does and what their day-to-day responsibilities look like. But how do these job duties translate as benefits for a business? Great bookkeeping goes beyond refined record keeping and balanced books.
- The benefits for a business to engage a Professional Bookkeeper are greater today, especially with technology. Whilst aBookkeeper maintains financial books and ensures their accuracy, by integrating business operations with the reporting and record keeping, business can be more efficient and streamlined. Technology steps in to make the job easier.
- Hiring a Professional Bookkeeper maximises accuracy. With training, resources, support and experience, professional Bookkeepers ensure accurate financial reports and data.
- Bookkeepers free up time in a business owner’s schedule to concentrate on the core functions of the business and to consider things like business development, refining workflows, and boosting the outcome of a business.
- In the event the ATO investigates a business, having solid business records on hand, produced by integrated streamlined business and bookkeeping systems is a huge plus. Often, the investigation process is a simple review of your records. But things can become much more challenging than necessary if the records are missing, in parts or out of order.
- Bookkeepers develop and improve business systems by applying their expertise in systems, compliance, and software.
While a Bookkeeper does not make financial decisions for a business, they can help a business to achieve success, while providing an overall view of where the money is coming from and where it is going.
Bookkeeping is integrated business system management: It is working with the business – and the best technology based solutions that apply to the business – to improve their business efficiency, which leads to achieving the other purposes of bookkeeping; effective business process, technology based efficient solutions, efficient and streamlined record keeping, efficient and streamlined invoice generation, and purchase processing.
In having a Professional Bookkeeper on the team, a small business gains an expert, allowing the business owner to focus on what they do best. Having an expert means the business wins!
