You have an accountant, do you really need a bookkeeper?
Both accounting and bookkeeping are essential to a successful business.
What does an accountant do?
Your accountant focuses on the big picture of your business's finances. They provide strategic advice, tax planning, take care of tax filing and ensure your business is compliant with legislation.
They prepare end of year financials, a yearly record of your company's financial position.
They calculate your tax liability and may act on your behalf to file returns with the IRD.
Some business owners choose to use their accountant to prepare their GST returns and file them with the IRD.
An accountant may action on a business owner's behalf to file annual company returns with the Companies Office.
However, your accountant needs accurate, up-to-date financial data to ensure they can give you the very best advice based on your numbers.
What does a bookkeeper do?
Bookkeepers are uniquely placed to support business owners on a week by week, month by month basis by helping them take care of regular financial tasks.
Bookkeeping is the foundation for your accounts, unlike annual compliance work your accountant completes a few times a year, bookkeepers keep in touch with your business on a more regular basis, offering day to day support.
A bookkeeper gets to know your business so we can analyse transactions and assign them to the correct account.
We're quick and accurate, so, while you pay for our service, it's less than you'd pay an in-house bookkeeper.
We can organise your receipts and important records, cloud based accounting systems offer file saving capacity ensuring your supporting documentation is secure and accessible.
We ensure all those accounts sitting behind the scene, balance.
Monthly accruals ensure those all transactions in a relevant month are captured.
With your accounts up to date, it's a simple process to prepare and file accurate GST returns, we can do that for you.
With everything up to date, we produce monthly accounts so you know how your business is tracking.
The benefits of accurate and timely data:
With up-to-date financial data, and regular reporting, we will help you stay on top of your cash flow, expenses and income.
You will gain a clear picture of your financial health at any point in time making it easier to plan and make decisions.
No more waiting until financial year end for your end of year financials to find out how your business is tracking.
A bookkeeper can save you money
As qualified and professional bookkeepers we can deliver accurate and timely accounts on your behalf to your accountant. Minising the time and expense taken in filing your end of year accounts and calculating your tax liability.
You’ll save time.
With less time spent on bookkeeping, you’ll enjoy less stress and more time to focus on your clients and business success.
You might even increase your profits.
One survey shows that, on average, companies’ profits increase 16% after they hire bookkeepers. The extra time (and sleep) allows focus on other areas of your business (like increasing profit).
Why choose Officeoutworkz for your bookkeeping and accounting services?
We believe that small business owners deserve financial clarity and confidence.
Our mission is to provide reliable bookkeeping and accounting services that not only free up your time and reduce stress but also enable you to make informed decisions that drive your business forward.
We’re here to ensure you have the financial insight and support you need to focus on what you love — growing your business.
We offer an obligation free discovery call so you can get to know us and we can learn about your business. Take the first step towards financial clarity and contact us today.