Three ways to help your bookkeeper (and your business)

Here are three ways to help your bookkeeper that will help your business as well.

Avoid running personal expenses through the business. Not only is this a bad idea for tax reasons, it messes up your cash flow projections and makes it harder for you to get a clear picture of your financial performance.

Avoid submitting expenses after reconciling is finished. If you only hand over your receipts at the end of the month, you are making it more difficult for your bookkeeper to keep track of and accurately balance your accounts, this increases the risk of double entry.

Respond to queries as soon as you can. Bookkeepers often work under a lot of time pressure, especially regarding due dates for tax and superannuation. By responding quickly you ensure your company remains in compliance and all due dates are met.

By doing these things you will save time, money and headaches. This doesn’t just benefit your bookkeeper, it will make your business better. For help with your bookkeeping or business needs, contact us today.

Disclaimer

This information is intended to be general in nature and is not personal financial advice. It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided having regard to your objectives, financial situation and needs.