Why bookkeeping is essential for your small business

As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, they deal with the organisation, the recording and the reporting of financial transactions of a small business.

Simply put, a bookkeeper clears the way for the accountant to work with your business strategically. This means: keeping track of daily transactions, sending and managing invoices, handling the accounts payable ledger, keeping an eye on cash flow, and preparing the books for the accountant.

It is important to align your business with a bookkeeper who specialises in the areas you most need guidance and assistance with, this may be to help train staff in using online accounting or POS systems or give you advice on business processes.

For related articles and resources, read more from our Software Partner Xero https://www.xero.com/au/resources/small-business-guides/bookkeeping/run-your-business/

Considering engaging a Bookeeper? 

AGS offers a full service Bookkeeping platform which can provide you with many benefits to your business ( and finding that ever so important work-life balance! ) 

Find out more here or via bookkeeping@agsfinancialgroup.com.au


Published : 11 Aug 2021