You didn’t start your business to spend hours reconciling receipts, juggling spreadsheets, or chasing missing invoices.
But here you are: midweek, midnight, still staring at your books!
Bookkeeping can be a heavy burden for small business owners, sole traders, and startup founders.
You need bookkeeping support from bookkeeping pros (like those at GeekBooks)!
Getting help managing your business finances takes the pressure off you and lets you stay focused on running and growing your business.
What Is Bookkeeping Support?
Bookkeeping support is professional assistance managing the day-to-day financial recording tasks essential for any business.
- Tracking income and expenses
- Creating and sending invoices
- Chasing overdue payments
- Managing and paying bills
- Bank and credit card reconciliations
- Payroll processing
- Superannuation accounting
- BAS preparation and lodgement (if registered for GST)
- Maintaining accurate financial reports (profit and loss statements, cash flow statements, and balance sheets)
- Accounting software set up and training
5 Signs Your Business Needs Professional Bookkeeping Support
- You’re Always Behind: Your books aren’t up to date, turning BAS and tax time into a last-minute panic and increasing the risk of late lodgements and missed deductions.
- Your Time is Draining Away: Bookkeeping tasks are taking time away from business running or eating into your free time, leading to missed business opportunities and burnout.
- Compliance Worries: You’re unsure if you’re meeting ATO deadlines for Single Touch Payroll or superannuation, or lodging BAS correctly. The result? Potential fines, penalties, and unnecessary stress.
- Frequent Errors: Noticing mistakes in records, bank reconciliations not balancing, and supplier/customer payment issues. Such errors can lead to incorrect tax reporting, cash flow problems, and damaged business relationships.
- Unclear Financial Picture: You don’t have a clear view of your income, expenses, or overall cash flow, making informed decision-making difficult.
6 Benefits of Outsourcing Bookkeeping Support
- Stay Up To Date: Your books are maintained regularly, so you’re always ready for BAS, tax time, or any financial review.
- Save Time: Outsourcing bookkeeping support frees you from daily bookkeeping tasks, giving you more time to run your business, focus on growth, or enjoy time for yourself or with your family.
- Ensure Compliance: A professional bookkeeper helps your business meet ATO deadlines, manage superannuation and Single Touch Payroll correctly, and stay compliant year-round.
- Improve Accuracy: With expert oversight, your financial records are accurate, organised, and reliable, reducing the risk of costly errors.
- Make Smarter Decisions: Up-to-date reports give you a clear picture of your cash flow and financial health, helping you make informed business decisions.
- Use Resources Better: Hiring an in-house bookkeeper is expensive, considering salary, benefits, and training. Outsourced in-person or online bookkeeping is often cheaper, while still giving you access to expert bookkeeping support.
Choosing the Right Bookkeeping Support Partner in Australia
Ask these questions when comparing bookkeeping support options.
Qualifications
- Are they a registered BAS agent (if they’ll be handling BAS)?
- Do they have a Certificate IV in Accounting and Bookkeeping?
- Are they members of the ICB (Institute of Certified Bookkeepers) or CPA (Certified Practising Accountants) Australia?
Experience
- Do they understand your industry?
- Do they have experience with businesses of your size?
Technology
- Are they proficient with popular cloud-based bookkeeping software?
- Are they certified partners with major accounting software providers like Xero, MYOB, or QuickBooks?
- Do they offer set-up and training to help you get started or streamline what you already use?
Communication
- How often will they communicate with you?
- Are they responsive?
- Will they explain things clearly?
Services
- Do their packages match your needs, whether invoicing, payroll, BAS lodgement, cash flow reports, or software training?
- Can they offer more support as your business grows?
Pricing
- Is their pricing structure hourly, fixed-fee, or package-based?
- Are there any hidden costs?
Local Knowledge
- Are they based in Australia and therefore familiar with ATO deadlines, GST, superannuation, and Single Touch Payroll obligations?
- Do they stay up to date with changes to Australian tax law and reporting requirements?
- Have they worked with businesses in your state before?
- Can they offer guidance relevant to Australian small business challenges?
Get Personalised Bookkeeping Support from the Experts at GeekBooks
For the very best bookkeeping support, you need GeekBooks.
We offer virtual accounting and bookkeeping services to businesses all over Australia.
Location is no barrier!
We’ll take care of all your business accounting and bookkeeping so you don’t have to.
You’ll get a clearer picture of where your money’s going, what’s coming in, and how to make smarter decisions.
We’re Xero and MYOB certified partners, too, which means we’re trained to help you get the most out of the platforms you already use, or help you set them up if you’re just getting started.
AND we offer a 30-day money-back guarantee to show our commitment to your satisfaction!
Looking for “a bookkeeper near me (virtual!)” or “bookkeepers in Sydney”?
Contact us today by completing this online booking form or calling 02 9158 3591.