Accurate and up-to-date financial records are important part in the success of a business, it requires daily tasks to maintain these records. When you as a small business owner try to save money by doing your own bookkeeping, you’ll often find that your time becomes more valuable doing other things and fall behind with your record keeping.  When you outsource your bookkeeping, you free yourself up to spend your time doing what you do best.

Hiring a bookkeeper inhouse isn’t always the best solution.  Technology has changed the way we do business, it’s more practical to outsource the day to day bookkeeping to a professional bookkeeping services firm.  Cloud-based accounting applications allow you to access financial data online, providing up to date financial information any time.

Five good reasons to outsource your bookkeeping:

1. Security/Confidentiality. The financial information of your business what you as the owner of the business want kept private and secure. Finding an employee, you can trust to do the job well, stay with the company long term, and maintain confidentiality is not easy. Outsourcing to an online/cloud bookkeeping service with strong client references can give you peace of mind.
2. Focus on your Business.When you try to save money by doing your own bookkeeping you are spending valuable time and energy that could be better used growing your business. By outsourcing your bookkeeping, you free yourself up to spend time doing what you do best. You can focus on business goals and growing your business.
3. Saving money. Saving money is one of the top priorities for every business. Employing staff is expensive, you save money on paying full-time or part-time wages and benefits to an employee, you also save on lost productivity costs. The bottom line is by outsourcing your bookkeeping, you only pay for what you need. You also save on overhead costs like office supplies, computer and software expenses. A professional bookkeeper should have all the equipment and software, thus saving you money.
4. Expert resources on your side. By outsourcing your bookkeeper services you’ll have access to a team of skilled professionals having a wide range of experience, best practices and implemented systems in place. This ensures that your financial records are accurate always and up to date.
5. Tax and Audit Ready Financials. At end of financial year, there is no concern over whether the books are accurate or questioning the integrity of the financial data. Compliance with regulations will be dealt with professional manner, your outsourced bookkeeping services will help to make sure there is no doubt about the data.

Whether your business needs current financial figures to present to a bank or just needs help with keeping up to date on accounting tasks. An easy solution is to outsource your day to day bookkeeping to a professional bookkeeping service firm.

At EJS Accounting we can handle your day to day bookkeeping and payroll from as low as $82.50/week.

To find out more about how you can outsource your bookkeeping, contact EJS Accounting at info@ejsaccounting.com.au for more information!