What is a bookkeeper?
What is a BAS agent?
How is a bookkeeper different from a BAS agent?
What is the difference between a bookkeeper and an accountant?
What is a balance sheet?
What is a profit and loss (P&L)?
What is the difference between a balance sheet and profit and loss?
What is cash flow and why is it important to business?
What is the difference between cash flow and profit?
How do I know if my business is making a profit?
How much does a bookkeeper cost?
What does a qualified bookkeeper do for your business?
What do good bookkeeping processes include?
What can I do if my business is failing?
What is Financial Literacy & why is it important?
Think of it this way. You may not be qualified or have experience as a hairdresser, but you can purchase a pair of scissors and you can operate them. Over time you may learn the tricks of the trade, and you may even become good at cutting hair. But along the way you’ll probably suffer through some very sad haircuts and you may end up at a salon paying exorbitant prices for a fix-up. Occasionally it might take months (or years) to recover from a botched haircut. Bookkeeping is the same. There are many things you need to know and a range of experience you need to have in order to be a good bookkeeper. You also need to keep up to date with changes in payroll, tax, GST, PAYG and other ATO legislation.
Until 2010 pretty much anyone could call themselves a bookkeeper. They still can, but it is now illegal to charge a fee for providing a BAS service unless registered as a ‘BAS Agent’. Specific academic qualifications and substantial levels of experience are required for registration as well as participating in ongoing professional development. Always ask for a BAS Agent number if you’re going to hire a bookkeeper.
We have hourly bookkeeping fees and fixed package rates. Since we tailor our book keeping services to suit your needs, we need to have a chat with you to discuss which business solutions will best suit you.
A number of factors go into how we work out bookkeeping service rates: The size of your organisation, the type of business you’re in, whether you’re behind in your bank reconciliation, cash flow management and BAS, and also whether there are bookkeeping jobs you need to do yourself.
We’ve found that some clients are keen to have support with their bookkeeping processes; set-up and regular reviews of their bookkeeping software, training, advice on how to organise receipts and invoices, and assistance with BAS preparation, while others want a certified bookkeeper to provide a fully outsourced book keeping service that uses a specific accounting package.
