Are you a tradie and wondering what the best way to track your finances is? There are so many things to consider, including whether you need a specific bookkeeper or not? It is advisable, especially for tradies and small businesses to have a particular bookkeeper. Here is why:
Save your Money
This is about hiring and paying your bookkeeper, and how to minimise the inevitable expenses. Every time you hire a new bookkeeper, they will have a different rate than the last one. No matter the circumstances, price rates will be inconsistent, and constantly sourcing a new bookkeeper everytime you need financial advice is costing you unnecessary resources.
When you have a specific bookkeeper, they discuss their rates at the beginning of your engagement and time working together. If the rates change for whatever reason, they will notify you before you are ready and decide if you will continue working with them.
Save your Time
With a specific bookkeeper, you will also save on time. The bookkeeper will come at the agreed time, all the time, and you will not have to waste extra time looking for a bookkeeper every time you need bookkeeping or tax advisory related issues.
Unique Bookkeeping Plan
With a specific bookkeeper, you will develop a unique way of keeping your records and bookkeeping franchise. When you have a unique way of keeping records, there is a high possibility that you will understand what the record and transactions entail on a deeper level. You will understand the figures and the balance sheets that are on your desk, and be able to better manage your finances.
Building Trust
This is more of a personal reason and a way to develop peace of mind. People can be cunning, and trusting someone with your bookkeeping can be difficult. However, with a specific bookkeeper, you will be able to build trust with them the more you work together. In due time, you will be able to entirely give them the responsibility of bookkeeping taking a lot of the pressure off of yourself.
They have an Idea of what your Business Entails and Have Records
This one goes hand in hand with saving time. With a new bookkeeper, you will find yourself telling them about your business from scratch. Having to spend time explaining prior problems, tax details, and other monetary related topics. You will also have to dig deep for all your records. Finding a specific bookkeeper will save you time and resources as they have all of your documents and know what your business is about.
Here at Shoebox Books and Tax we encourage tradies and small businesses to have bookkeepers. Having a bookkeeper near you saves you a lot, and we also offer tax advisory services at a fair rate. We ultimately offer a unique bookkeeping franchise for your business and also help you understand the figures.
Contact us shoeboxbooks.com.au/contact-us
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