Why hire a professional bookkeeper?

If you already use cloud software solutions like Xero or MYOB, you might think outsourcing your bookkeeping is unnecessary. While theses platforms are a great resource for small businesses, a professional bookkeeper can help you get the most out of your bookkeeping technology.

These days, professional bookkeepers do much more than just simple data entry. Some key indicators that your business may benefit from bookkeeping services include:

  1. Your customers are slow paying or you are often behind in paying your bills.

Overdue invoices can seriously affect your business’ cash flow, particularly if it’s for a large amount. Attempting to reconcile invoices with slow paying customers can be a nightmare. Likewise, to track cashflow accurately, you need to be paying your bills in a timely manner. A professional bookkeeper can help you manage both customer and supplier invoices, allowing for accurate record keeping.

  1. You don’t have time to manage your books because your business is growing fast.

When your business grows, so too does the time it takes to manage your books. A professional bookkeeper can make transactions and documentation easy, relieving you of the burden and making it easy to find what you need, when you need it.

  1. You don’t quite understand what the figures mean for your business.

Accounting and bookkeeping services are always evolving, and keeping up to date with best practice is difficult – not to mention time consuming. A professional bookkeeper is experienced and informed, and able to help you identify new ways to maximise your business and returns. 

At Figure 8 Accounts, our professional bookkeepers can help you save time, working with you in the way that suits you best. Contact us today to find out how we can help.

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