The importance of a small business owner having a handle of your finances and cash flow cannot be stressed enough.
As mobile bookkeepers on Australia’s Gold Coast, we see some true horror stories of small business owners who are so busy in the every day running of their business that they have no idea whether or not they are making any money.
Most accountants are looking at figures from last financial year
Time and time again a small business owner will tell us that they have a great accountant who helps them with business decisons. However, have you considered this? More often than not, your accountant is looking a last year’s figures, So what is happening in your business right now?
One client was convinced that he was doing “OK with his business. Even when we explained the figures to him he said that we didn’t know what we were talking about, because he was extremely busy with plenty of work, and getting ahead.
We are not financial planners or tax agents, so why should we understand his figures. He did not accept that his business was going down hill.
Six months later his business was closed and his creditors forced him into bankrupcy. Could his accountant have seen that coming? Maybe or maybe not.
By outsourcing a bookkeeping service, as a small business owner, you can focus on what you do best, and still have a handle on the financial status of your business. With accurate and upto date figures, you can go and speak with your accountant and be given guidance on the futiure direction of your business.
Take advantage of this service of bookkeeping for Small Business Owners, contact us right now
1st Quarter: 28/10/10


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