Signs you need a bookkeeper

Many small business owners start off doing everything themselves, however as business grows, they find themselves in need of assistance completing certain tasks. Bookkeeping is a critical responsibility in your business that you can easily hand over to a professional, enabling you to focus on other business matters.

So, are you ready for a bookkeeper? Here are the signs pointing to yes.

You need more time to work on your business

If you’re regularly sacrificing business development time to do your bookkeeping, it might be a good time to employ a bookkeeper. Doing so will free you up from banking, chasing money, reviewing invoices and checking transactions, so you can work on further growing and improving your business.

Your bookkeeping is not up-to-date

Falling behind on your bookkeeping is a definite sign that it’s time to employ a professional to look after it for you. If you leave everything until BAS or tax time, you’ll likely run into financial issues that could have easily been prevented with the help of a bookkeeper.

You don’t know what you’re doing

When it comes to your business, it’s incredibly important to ensure you comply with regulations, obligations and continuing changes such as those in superannuation law. These responsibilities can become quite complex, so if you think your books and processes could be inaccurate, it’s time to enlist a bookkeeper.

Your paying an accountant for performing bookkeeping duties

Accountants are more expensive than bookkeepers, so if you’re paying one to prepare your BAS, update financial records or deal with other compliance requirements, you’re likely paying more than you should be.

Do any of these signs ring true for you? If so, get in touch with us and learn more about how SWAG Bookkeeping can help.