Bookkeeping is the recording of financial transactions. These transactions include sales purchases, income and payments by an individual or organisation. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.
There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system. But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.
Many Bookkeepers in Brisbane and other cities of Australia are providing all types of Bookkeeping solutions to individual clients and businesses. Accurate Bookkeeping is critical because:
Bookkeeping and Bookkeepers services are helping organisations to cut down costs and increase profits. The secret to a successful business is doing what you’re good at and outsourcing what you’re not. Here are five advantages of using our Bookkeeping Services.
Hiring a Bookkeeper can be more cost effective than hiring casual or part time staff to do your bookkeeping. There is no need to purchase and maintain computer systems, buy expensive accounting software and upgrades or invest in expensive training and development of staff. Office space does not need to be allocated to a staff member and there is no superannuation, leave entitlements or any other costs that a full or part time employee incurs.
A Bookkeeping Service has the expertise and know-how to look after your accounts and let you focus on the day-to-day running of your business. Bookkeepers should be flexible and schedule meetings around your busy work schedule and be able to produce reports and figures at a moment’s notice to accommodate any last minute meetings.
Bookkeeping services put you in control of your cash flow, reduce tax liabilities and maximise profits through management controls. Bookkeeping services can provide a regular reporting service and keep processes up-to-date.
By outsourcing your bookkeeping, you can rely on the expertise, knowledge, and experience that using an outside consultant brings to a business. When you work with a bookkeeping service you are ensuring that you have a knowledgeable specialist on your side that will use all of their expertise to your businesses’ advantage and reduce any tax liabilities for your business. You can be confident that the bookkeeping is done accurately and will not incur any penalties for late lodgement or inaccurate data.
Hiring a Bookkeeper gives you peace of mind that a regular reporting system is in place, processes are up to date, you are managing your cash flow, paying invoices on time and chasing up any unpaid invoices.
Hiring a Bookkeeper or Bookkeeping services should be seen as an investment for your business, not an expense. By employing B B Whitehouse Group as your bookkeepers, you can be confident that your bookkeeping is managed by a specialist with up-to-date knowledge of any tax legislation to save you money, reduce your tax liabilities, streamline your business and maximise your profits.
Please contact B B Whitehouse Group for all types of Bookkeeping work. We are known as reliable Bookkeepers in Brisbane and other parts of Australia.
B B Whitehouse Group provide Bookkeeping in Brisbane, Toowoomba, and all over Queensland and Australia for small businesses. We provide fast and cost effective Bookkeeping service to small businesses - locally or we can travel to you!
By allowing us to do the Bookkeeping for you, you will save chargeable time of your staff. The result - financial gains for you and your business!