Bookkeeping Services Geelong

What do Geelong bookkeepers do?

A bookkeeper is someone who records the financial transactions for your business. They help put financial information into a standard way to enable your accountants to more easily meet your tax obligations.

When should you hire a bookkeeper in Geelong?

Running a business can be very busy, often managing accounts is not your key skill. By hiring a bookkeeper they can manage this process enable you to have more time to focus on building your business.

How much do Geelong bookkeepers cost?

Costs will vary, often bookkeepers will be paid on an hourly basis to attend your business. Call a few bookkeepers you are interested in and ask them about their fees.

Can a Geelong bookkeeper use my accounting system?

Some Geelong bookkeepers may be specialised in one particular software, unless you're willing to migrate your accounting system you need from one who is happy to use your particular software.

How is a bookkeeper different to an accountant?

A bookkeeper is more focused on day-to-day transactions whereas an accountant's more focused on higher level monthly, quarterly and yearly base accounts.

Why is it important to have accurate records?

By keeping accurate records it will enable you to understand your business. By having accurate records it will help you meet your tax obligations as well. If, in the future you decide to sell the business having accurate records will help someone decide whether or not to purchase your business.

Why should you outsource your bookkeeping services Geelong?

Outsourcing your bookkeeping services in Geelong has several advantages. It can enable you to save money and cuts down overheads by not needing full time staff to manage the books. You will be accessing a specialised bookkeeper whose role it is to ensure they are up to date on the current rules and most efficient ways of managing your books.

What is Xero, is it suitable for small business bookkeeping Geelong?

Xero is a cloud based accounting application which can be utilised to manage a businesses accounts. It is suitable for a range of business sizes from small business bookkeeping Geelong all the way through to medium sized businesses.

What is a BAS?

A BAS stands for Business Activity Statement. This is statement that must be generated for businesses to comply with their GST reporting obligations.

Can a Geelong bookkeeping firm do my payroll?

Yes, most bookkeeping in Geelong will be able to manage a payroll solution for your business.

What are tips for finding a bookkeeper Geelong?

Finding a good bookkeeper in Geelong should start by making a short list of potential options, these can be gather from researching online and also asking any fellow business owners you know for their recommendations for a Geelong bookkeeper. Once you have a list, contact each bookkeeper and set out what your requirements are and find out if they are happy to take on your work level. Undertaking this process should give you a good perspective and help with choosing bookkeepers Geelong suited to your business.

Is a MYOB bookkeeper Geelong suitable for a small business?

Yes, MYOB is very suitable for the needs of a small business. By finding MYOB bookkeepers Geelong they can assist in setting up the software to enable your business to streamline its bookkeeping processes.