December 8, 2017

Why bookkeeping is important

Why bookkeeping is important Organising your finances seem overwhelming but it is one of the most essential functions of any business, no matter how large or small. According to a report published by CPA Australia, the major factor behind failure of many businesses is bad management of their financial records. Here are some of the reasons why bookkeeping is important for the survival and growth of your business and why you should keep proper books: Monitor where your money is going: When you keep proper accounting records you know exactly where your money is going and how much you are spending in each area of your business. Not checking your expenses on regular basis can result in spending too much money in certain areas and not enough in others; and the end result being not having enough left over to cover those expenses that are vital to the success of […]
December 7, 2017

Why You Need A Bookkeeping Expert In Your Business

Why You Need A Bookkeeping Expert In Your Business The need for a bookkeeping expert in both small and medium-sized businesses is a must if they want to grow to the next level. Experts that have a good understanding of the environment in which the business operates can advise on the expenditure of funds, budgeting, planning, and forecasting of the business growth.  It helps them to offer advice and suggestions to the business owners. Unfortunately, most SMEs face financial constraints that make it difficult for them to hire and maintain experts. In this post, we’ll look at reasons that makes it mandatory for SMEs to hire bookkeeping expert. It Saves Time Bookkeeping and accounting is a complicated subject that is anchored by rules that can only be understood and implemented by experts. SMEs should hire a bookkeeping expert to help them save their valuable time keeping business records.  By partnering […]