Top Reasons Why You Need to Hire a Professional Bookkeeper

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Top Reasons Why You Need to Hire a Professional
Bookkeeper

• firstbookkeeping.com.au

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• Starting a new business is an exciting time!
  You have so much to do create a logo, design
  your marketing, pull together your store, shop or
  office, hire staff, order inventory and office
  supplies... and so on, and so on. It's hard to
  keep up!
•  
• Money is always tight when you're starting a
  new business. You don't want spend money where
  it's not necessary. After all, money is going to
  be tight for the next little while.

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• That's why many new business owners "save"
  some money by doing two things
• Do their own bookkeeping Gold Coast, and
• Use a spreadsheet like Excel to do it with.
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• It would to too harsh to say that these are
  big mistakes. After all, you want to avoid
  unnecessary expenses. And if you don't have the
  money to pay a professional right now, well,
  that's reality.
•  

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• You can get your business set up correctly.
  Whether it be a sole proprietorship or
  corporation, setting up various accounts is
  important, including
• Creating all the accounting categories you'll
  need to track your activities
• Sales tax accounts with the tax man
• Payroll source deductions with the tax man

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• You avoid huge mistakes that you'll have to
  pay to have corrected down the road.
• We've spent hours fixing mistakes such as, not
  knowing the difference between an asset and
  expense.
• If meals and entertainment expenses happen, do
  you know how to correctly record sales taxes?

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• You establish bookkeeping Gold Coast habits
  early.
• Create a special place where all receipts are
  gathered
• Learn how to annotate them so you'll know how
  they'll be categorized
• Turn them over to be processed each month
• Expect regular reports about your Business's
  Financial Story

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• You free up time for tasks closer to the
  "core" of you business.
• What makes you more money Sitting down in front
  of a computer doing data entry, or talking with
  prospective and existing clients? No-brainer!
• You take some worry away.
• Getting a call or letter from the tax man saying
  this or that remittance hasn't been done is
  stressful. Avoid this.

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• You start early to make business decisions
  based upon updated financial numbers.
• When it's time to make a large expenditure, or
  hiring someone, you have to know your numbers.
  They will help you make better business
  decisions.
• You compare month-to-month and year-over
  year.
• Proper bookkeeping Gold Coast professional
  services come with a lot of reports that reveal
  how you are doing. By starting off the right way
  you have access to all this information right
  from the beginning.

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• You'll be ready for your accountant, and he
  or she will charge you less money.
• By presenting your accountant with a "clean" set
  of books you are doing yourself and he or she a
  favour.
• Your accountant wants to look things over make a
  few adjustments based on your consultations, and
  get the tax return into the tax man.

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Thank You
Bookkeeping Gold Coast