Are you a bookkeeper?

Bookkeeping is the operation which is the essence of a business framework; it involves processing the documentation for company’s business transaction. The people who do such filing are known as bookkeepers.

Following are the work that a bookkeeper performs:

  • Recording financial transactions
  • Posting debit and credits
  • Producing invoices
  • Maintaining and balancing subsidiaries, balance sheets, and historical accounts
  • Completing payroll
  • Check figures, postings, and reports for accuracy
  • Reconcile or note and report any differences they find in the records

Why is bookkeeping important?

Bookkeeping is an accounting operation which needs to be performed by professionals who are quite trained. It needs to be performed under a strict paradigm by treaty provided by law and business owner. Many companies hire non-professionals with low experience which burdens a company’s accountant bill. Public accountants offering bookkeeping service, charge fee of the accountant making it non-affordable by many consumers. Different companies work under the different system, and some require bookkeepers just to meet acquiescence caliber, and other need encyclopedic services of auditors to look into every account of their company.

Bookkeeping in Melbourne:

If you are running a business in Melbourne metropolitan area to manage your account, all you need is to seek professional advice at Bookkeeper Melbourne Co. Bookkeeper Melbourne Co has been providing their dexterous advice to business in Melbourne, Australia for more than 20 years.  They own proficient and experienced professional accountants. They enable you to react with the pace of the business world, in a way that is easy to understand, easily applicable, accurate and up to date. Bookkeeper Melbourne Co covers businesses at small scale, large scale and as well as non-profit organizations.

All you need is to contact Bookkeeper Melbourne Co by calling them at 1300 629 454 and avail their following exceptional level bookkeeping services.

  • Onsite
  • Offsite
  • Payroll services
  • Accounting services

Onsite Services:

In onsite services, bookkeepers are available for on desk services in your office premises which are affordable and done without delay. Bookkeeping service is provided for minimum 4 hours/day, charged hourly and by using MYOB, QuickBooks, Excel, and XERO.

Offsite Service:

The bookkeeper provides services from their office with fixed payments. They assemble company’s finance, fax or scan.

Payroll Services:

Bookkeeper Co assesses, analyze your payroll promptly to give accurate results and allow you to execute them in a cost effective manner. All implemented processes and procedures endure reassessment, adjustment, fine tuning and final testing. With an expertly implemented financial system, your business is maximized for cost minimization. If your preferred software is MYOB or QuickBooks, then payroll can be processed in there as well. They can even pay your third parties including your employees, superannuation funds, and Australian Taxation Office. Click here.

Accounting:

From board reporting, financial analysis, tax planning and cash flow forecasting to accounts and payment processing (payables/receivables/payroll), Melbourne Bookkeeper Co offer the most profitable bookkeepers. For loan valuation, Mortgage Broker Co are the loan specialists to secure the best possible interest rate and repayment terms on your loan. All accounting services are provided by registration with the company by calling them on 1300 629 454.

Bookkeeping and Record Keeping Basics

Proper bookkeeping is extremely important for the success of a business. If you do not do that, you’d be wasting your money. You’d also not be able to expand your business. The reason why you should design a proper bookkeeping routine is that bookkeeping enables you to manage your business and lets the tax agencies know about your business activity.

Bookkeeping softwares are used by some small scale companies to keep records of their accounts and financial dealings. You can also do that but to you have to be sure that it’s saving you time and you can focus on running your business. It happens that bookkeeping can be more efficiently handled on paper than on bookkeeping softwares that may not be that reliable.

For this purpose, you could hire a bookkeeper. I say, it’s best to hire an efficient bookkeeper for your business because this way you’d have someone to take care of all the financial records for you and help you understand everything about your business records. I have a few tips to give you on hiring a reliable bookkeeper.

Tips on Hiring a Bookkeeper

Unprofessional bookkeepers can cause serious damages to your business. You’d need to be sure that the person you’re hiring is able and can handle your accounts and financial dealings with responsibility. You’d need to know the following things before you hire a bookkeeper.

● First thing you should know is if your bookkeeper Melbourne has enough experience bookkeeping for businesses like yours. He should have a certificate IV in financial services. Professional bookkeepers are a member of one of the many Bookkeeping Associations in Australia.

● Your bookkeeper Melbourne should be able to create easy to comprehend financial reports.
● Make sure that your bookkeeper is comfortable with your accounting system. If not, do not work with him.
● Whether you need a part-time service or a full-time service, you should hire bookkeepers according to your need.
● See if he has a proper insurance or not.
● See how’s his review history. Reviews are not entirely reliable. But it’s okay to still look into them.
● Know where your bookkeeper Melbourne wants to work. Onsite, offsite or remotely.
● Be clear on what you want to pay him.

Your bookkeeper will keep the following basic records of your business for you while you concentrate on running and expanding it.

1. Revenues and Expenses

Your bookkeeper Melbourne would keep a revenue and expenses journal or a ledger to keep a record of the amount of money coming in, and going out and where it is going.continue reading…

2. Cash Expenditures

Bookkeepers account for the amount of capital spent on your business every year. There are two ways to do that. 1) Write a reimbursable cheque or 2)Keep a cash record.

3. Inventory Records

Keeping your inventory records saves you from pilferage. It also helps you keep track of buying trends.

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4. Accounts Receivable

This depends on how and when your customers pay you. If they pay you at the time of the delivery of the item, there’s no need of a accounts receivable tracking system. But it they are supposed to pay you later sometime, this is a must! This system helps you keep the history of what your customers owe you.

5. Accounts Payable

In easy words, it’s the opposite of accounts receivable. Keeping a record of what you owe and until what date helps create good credit.
You can look into the webiste, http://bookkeeperco.com.au/ for the best bookkeepers in Melbourne.

Reasons to Switch to Online Bookkeeping Services

Many companies are still hiring a bookkeeper to maintain the books of the business. Normally, these bookkeepers are getting paid like any other employee, and also need to have some benefits along with their salaries. But, what most companies don’t know, is that there’s online bookkeeping services that companies can make use of, that will ensure that all books will be maintained and correct. If you didn’t switch to online bookkeeping services yet, you might want to know more about these reasons. Read more at http://bookkeeperco.com.au/

Using experts

When you’re using online bookkeeping services like www.bookkeeperco.com.au, you will have all the expert advice that you can get. Not only will you know that your books are up to date and correct at all times, you will also have the peace of mind that you have the best possible experts behind you and your business.

Hiring bookkeepers that have experience and that are experts, are normally costing businesses lots of money, and if your business is relatively new, you will not be able to afford to hire a real expert bookkeeper for your business. Except if you’re making use of an online bookkeeping service.

Reasons to Switch to Online Bookkeeping Services

You will have more time for the business

There’s even some business owners that prefer to do their books themselves. They don’t trust anyone else with the books, or they don’t have the necessary money to be able to pay for bookkeepers. And, bookkeeping takes lots of time. Time that a business owner don’t have.

If you’re hiring online bookkeeping company for maintaining your books, you will have more time to spend on the business side of the business and don’t need to spend as much time in front of the books. You will be able to focus to make a success out of the business and you will have the best possible people that’s looking after the books of your business.

Will have the most experienced bookkeeper

It is really important to have the most experienced bookkeeper that will maintain and updating your books regularly. It is really hard to find an experienced bookkeeper that will work in a smaller company, or that will be prepared to take a smaller salary.

Not every business can afford the most experienced bookkeepers, and when you’re hired an online bookkeeping company, you don’t need to struggle with your business with a bookkeeper that doesn’t have any experience in your type of business. Or, even worse, a bookkeeper that doesn’t have any experience in bookkeeping.

Switching to online bookkeeping companies can be a really great decision for any company. The great thing about hiring an online bookkeeping company, is that you will have the best possible bookkeeper’s right at your finger tip, without paying too high salaries. Not all the businesses and companies can hire personal bookkeepers with the best qualifications or experience. However, if you’re hiring a bookkeeper in Melbourne, you will the most experienced and highest qualified bookkeeper’s without worrying about paying salaries at the end of the month.

An Online Bookkeeper Can Be Your Most Valued Employee

An online bookkeeper can be your most valued employee and if you didn’t consider it before to start making use of an online bookkeeper, then you should maybe consider it. There’s many reasons on why you should rather make use of an online bookkeeper than hiring a bookkeeper on your payroll. Here some valuable reasons on why it is such a great idea for your business to have an online bookkeeper. Read more at http://yfsmagazine.com/2013/08/23/top-5-benefits-of-outsourced-bookkeeping-for-small-businesses/

You don’t have to train them

Training a bookkeeper in Melbourne takes time and lots of effort. And, then we don’t even talk about the money that you need for the training. If you have a bookkeeper on your payroll, you need to make sure that she understands everything about your business and about the latest bookkeeping technology that you can use.

If you’re making use of an online bookkeeper company like www.bookkeeperco.com.au, you don’t need to train them in anyway. They will have the necessary knowledge about the latest bookkeeping technology and they will have the knowledge about your company that other, normal bookkeepers won’t know.

Have expert advice right at your fingertips

Another great thing about making use of online bookkeepers is that you will have the best expert advice right at your fingertips. You don’t have to pay extra for someone to come and give your great advice about your business to make the books better, and to make your business grow.

Using online bookkeepers will let you have access to this service, for free. This is because you just need to pay one fee per month, and it includes all the services that the bookkeepers can provide to make your business grow. If you have any questions about your books and your financial status, you can just ask your online bookkeeper.

An Online Bookkeeper Can Be Your Most Valued Employee

You will have less errors

Do you really realize how many errors you or your bookkeeper make a monthly basis? Errors that can cost you lots of money and even some problems with employees that’s getting paid less than what they should get paid.

When you’re using online bookkeepers in Melbourne, you will have the service of qualified and really experienced bookkeepers. This makes the chances of getting any errors very slim. The less change there are to get some errors, the bigger the change is a successful and growing company. And, you don’t have to pay extra because you want to have the expertise of a professional and experienced bookkeeper.

An online bookkeeper can be your best employee for sure. It will not need more training, you don’t have to pay high salaries for their expertise and you will have all the advice, without paying anything. There’s many reasons on why an online bookkeeper is such a great asset in any business. There is just no comparison in making use of an online bookkeeper and having a bookkeeper in your company. If you don’t make use of an online bookkeeper in Melbourne, then you should most definitely think about hiring an online bookkeeping company for maintaining your books.