Business Activity Statements
BAS Due Dates:
- 1st Quarter: 28 October 2016
- 2nd Quarter: 28 February 2017
- 3rd Quarter: 28 April 2017
- 4th Quarter: 28 July 2017
Small Business Bookkeeping Services
When managing a small business it is important to focus on what makes your business profitable and unique. Do what you love and don’t waste time on activities that you are not good at and don’t enjoy. Save yourself the stress and hassle, as well as saving money, by outsourcing these activities. You can outsource a range of activities from administration and accounting to marketing and bookkeeping.
In terms of small business bookkeeping services, this is an important element of your business you need to be across. You need to ensure that your paperwork is in order, your bills are paid on time, your BAS is lodged on time and is accurate, your cash flow is managed and more. Not doing this can lead to small business failure!
And let’s face it, bookkeepers love bookkeeping. Having an experienced and qualified bookkeeper on hand to manage the paperwork involved in running a small business allows you to free up your time and focus on revenue generating activities. Not only can bookkeepers do your paperwork a lot faster and more accurately than you can, they are also up-to-date with all of the latest laws and regulations.
Plus you can save money by not paying full-time or part-time wages and benefits to an employee. Not to mention the lost productivity costs that come along with hiring employees onto the payroll. By outsourcing your bookkeeping, you only pay for what you need and the work that is done.
With the range of cloud accounting and bookkeeping software now available, it is even easier to outsource your bookkeeping. Your business information is easily accessible anywhere, anytime and on any device if you have internet access. There is one data file with shared data access so that you, your bookkeeper or your accountant can all work on the file at the same time knowing the data is current. This means that real-time information is available and you can be clear on your cashflow all year round. Even if you do he books yourself, you may want your bookkeeper and accountant to login and check that you are complying with all of the relevant laws and are claiming appropriate deductions at tax time.
Consider outsourcing the following bookkeeping tasks for your business:
– Bank and Credit Card Reconciliations
– Accounts Payable
– Accounts Receivable
– Debtor Follow-up
– Data entry and filing
– Budgeting and Cash Flow Management
– Management Reporting
If you are looking for an experienced bookkeeper who can be trusted to undertake your small business bookkeeping, give Irena’s Bookkeeping a call on (02) 9011 5337