Using a Bookkeeping Service in Gawler - An Expense or an investment

How can you make an informed decision about your business if your bookkeeping is not upto date and you don't know where you are at financially with your business?

As a successful Gawler business operator, you may have an excellent understanding of your business, and can say that you have all the information in your head.

That's why having a bookkeeper as part of your team is so important. Contact us for more details

Good record keeping should be the life-blood of your business
Since many small business owners can not afford a full time bookeeper, they choose to outsource their book-keeping requirements. That's where our team of Gawler bookeepers can help with your bookeeping.

We recently had a Hewett client who knew his business so well, that he boasted one client accounted for more than two - thirds of his business turnover.

After going through the paperwork, and bringing his book-keeping upto date in order to lodge his Business Activity Statements, we presented the figures.

This small business owner was shocked to learn that the client actually accounted for less than a third in terms of income, and was actually taking up about 80% of his time.

The business owner had no idea of where his business was. He had never requested any reports from his bookkeeper, he hadn't looked at sales figures, had a vague idea about his pending orders, and was heading for collapse.

Yet he took no notice of our warnings, because he regarded the bookkeeping to be an unnecessary expense, and only wanted the minimum of bookkeeping services.

Six months later he closed the doors on his business, before the creditors declared him a bankrupt. So he lost his whole business for the sake of a few hundred dollars in bookkeeping fees that he regarded as an expense.

Good record keeping should be the life-blood of your business, so ensure that you have a good bookkeeping system in place. Whilst the increasing amount of reporting required by the ATO for GST and BAS purposes may seem to be a negative for your business, the necessary bookkeeping can generate reports that can be a bonus to the management of your business.Contact us for more details