• Team Cinch

Getting real value from your bookkeeper

As tax time rolls around once more, we can't help but notice in that all bookkeeping practices (not just ours) are taking on a few more clients than usual. Why not? It's seasonal work right? You need the bookkeeper to plug the numbers before you can take everything off to the accountant and find out how much tax you owe this year. You get a bill first from your bookkeeper, then the accountant and then the ATO. YUCK!!

You see, if this is you, you're business is playing defence. If you're taking a big box of receipts and invoice books into your bookkeeper and asking them to churn out some totals for a fee, you're really not helping yourself - just the tax man. When you get those totals 2-3 months after the end of the financial year, you're a good 6-9 months too late to make any valuable decisions for your business. How can you manage your business if you don't *know* your business?

Plus, you're not getting the full value from your bookkeeper. We bookkeepers have changed quite a lot in the last 10 years. No longer are we destined to sit enslaved to our calculators plugging away at meaningless numbers we know you won't look at only to be blamed when a big tax bill comes in. Nope - we are specialists in our own right. A good bookkeeper can help you understand your business. A great bookkeeper can give you advice on GST, business systems and integration, cash flow, budgeting, compliance and point you in the right direction of HR and tax advice.

When we get to know your business on a regular basis we can identify opportunities for you to improve your business processes, save money and earn more. And, at the end of the day, it really doesn't cost you anything. Get your paperwork done at the end of the year and it's a cost of doing taxes. Invest in a professional bookkeeper and watch your business grow.