Do you wonder what bookkeeping is all about? Sometimes clients present the most interesting challenges, just by a simple request to rescue themselves from their financial woes.
“Can you organise a Profit and Loss [P&L] and a Balance Sheet, I need it to get a car loan!”
“Can you organise a Profit and Loss [P&L] and a Balance Sheet, I need it to get a car loan!” A client asked recently. Simple enough, until you start looking into the ins and outs of the paperwork. Expenses don’t seem to correspond with bank records. Credit card statements not matching with vouchers, private spending on the business account, business expenses from personal finances.
Bookkeeping can be such fun! And then it can be a bookkeeper’s nightmare until everything all falls into place, and we exchange the shoebox of receipts and dockets for a neat and ordered filed set of accounts, so that the client can find any piece of documentation in an instant.
Yes, sometime bookkeeping is like being a detective, following a trial of clues until the mystery is solved, the books balance, and the P&L and Balance sheet reveal all!
Next BAS due
