why do i need a bookkeeper
When I could do it myself?
KEEP YOUR FOCUS ON CORE BUSINESS NEEDS
As director, your time and energy should be devoted to strategy, marketing, funding and other key areas that require your focus over the daily operational tasks of a business.
STICK WITH WHAT YOU KNOW
Not many business owners have a working knowledge of accounts payable, accounts receivable and taxes. It’s better that a professional handles those aspects of the business.
That way, mistakes will be less likely, as well as issues that could cost you more money.
WORK LIFE BALANCE
Did you get into business to spend your evenings and weekends doing the books? Or to give yourself more freedom to do the things you love?
ESCAPE THE TEDIOUS
You likely have no passionate feelings about tallying up payroll or paying the bills. However, your Bookkeeper may enjoy those tasks, so it makes sense to hand over these areas to someone who does them — and does them well — because of that motivation.
Between keeping the business moving forward, putting out the daily fires that pop up and staying balanced, something most likely gets left out along the way. And that often ends up being the bills that need to get paid. Put a bookkeeper in charge to give you the confidence that everything has been handled on time.
ENSURE ACCURATE FILINGS
The last thing you want is to get audited or have the taxman after you just because you forgot to file your GST and it was inaccurate because you rushed.
Because you are so busy, you may not realise that people owe you money. A Bookkeeper can stay on top of this and send out reminders to make sure your cash flow remains optimal.
TIME IS MONEY
Although you may think you save money by doing everything yourself, the fact is that a professional bookkeeper actually saves you more. That’s because there is a reduced level of risk for human error, lack of knowledge, missed payments and tax obligation due dates and delayed accounts receivable.