Who’s Running Your Business While You’re Keeping The Books?
As a business person, the time you spend finding and servicing your clients is valuable to you. You need up-to-date bookkeeping reports to provide you with the kind of information that will facilitate the decision-making necessary to build your business.
Whether your bookkeeping is currently “in a shoebox”, done manually or computerized, we can help you with personalized service in accounting software selection, general ledger setup, transactions entry including payroll and conversion of current accounting information to a computerized accounting system.
Using a bookkeeper will allow you to spend more time developing your own business and let you safeguard that quality time you want for your family. Many new business owners think it's not going to take much of their time because they don't have many transactions at first, so they'll do their own bookkeeping to save the cost.
In many cases one of two things happen... they end up with a shoebox full of receipts at the end of the year that they still don't have time to do anything with, or they don't have the time to properly learn the program they've chosen to use and then run into problems.
Bookkeeper or Accountant?
Depending on how complex the business is, will determine whether or not a bookkeeper, accountant, or both are needed. If things are complicated (retail businesses are a prime example), an accountant may be able to not only set up the books for the business as well as maintain them.
But for those with simpler financial accounting needs, a bookkeeper might be the least expensive option for the majority of the work needed. And it is much cheaper than employing a full time bookkeeper working on-site.
Bookkeeping, commonly referred to as keeping the books, is the process of keeping full, accurate, up-to-date business records. Proper bookkeeping can help businesses effectively manage cash flow, stay abreast of profits and losses, and develop plans for the future based on financial trends.
Furthermore, accurate bookkeeping is required by your local SARS office.
Bookkeeping involves making a record of the monies received by a business as well as the monies paid out. It encompasses money a company owes to vendors, employees, tax agencies, contractors and any other individual or entity.
Likewise, accurate records of amounts owed to a company by outside individuals and organizations are also recorded in a company's books.