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  • #977895
    LucyLu
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    When you, as a business owner, look for a bookkeeper what do you look for? What would make you leave your current bookkeeper?
    Also, if you are using bookkeeping service at the moment how did you find them and what do you love/hate about them?

    If you are not using a bookkeeper can you please explain why not?

    Any input is greatly appreciated.

    Lucy Lu

    #1102829
    MyGreatIdea
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    I don’t use a bookkeeper because I can do it myself.

    Wendy :)

    #1102902
    MyGreatIdea
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    I don’t use a bookkeeper because I can do it myself.

    Wendy :)

    #1102831
    AdvancedPetSitting
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    My accountant does everything for me. At the end of each quarter I give him all my stuff and he deals with it and prepares my BAS. Works really well for me.

    #1102904
    AdvancedPetSitting
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    My accountant does everything for me. At the end of each quarter I give him all my stuff and he deals with it and prepares my BAS. Works really well for me.

    #1102833
    King
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    It only takes 10-12 hours every three months, so it would seem like a decadent luxury to pay someone to do it.

    #1102906
    King
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    It only takes 10-12 hours every three months, so it would seem like a decadent luxury to pay someone to do it.

    #1102835
    JacquiPryor
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    Hi Lucy,

    I don’t use a bookkeeper because I can do it myself; I have my accountant attend to end of year ‘stuff’ but do the rest myself during the year.

    But if I was to use a bookkeeper – I would most likely locate them either by asking on this forum if anyone has any recommendations, or I would use Google to find someone local to me.

    All the best,

    #1102907
    JacquiPryor
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    Hi Lucy,

    I don’t use a bookkeeper because I can do it myself; I have my accountant attend to end of year ‘stuff’ but do the rest myself during the year.

    But if I was to use a bookkeeper – I would most likely locate them either by asking on this forum if anyone has any recommendations, or I would use Google to find someone local to me.

    All the best,

    #1102837
    Steve_Minshall
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    King, post: 114518 wrote:
    It only takes 10-12 hours every three months, so it would seem like a decadent luxury to pay someone to do it.

    I agree and also in the early years I don’t think you can really learn how your business ticks if you don’t get your hands dirty with the book keeping.

    If you don’t understand the process that is all the more reason to learn while you still have a simple enterprise.

    Last financial year my accountant (end of year tax only) overstated my income by nearly $50k. I was only able to spot this and get it corrected because I was intimate with the book keeping for the business. Otherwise I would have been happy thinking that I had a much more successful year than I really did and pay an extra $20k in tax for the delusion.

    So many entrepreneurs get excited about the marketing when so much of the action is at the numbers.

    #1102909
    Steve_Minshall
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    • Total posts: 518
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    King, post: 114518 wrote:
    It only takes 10-12 hours every three months, so it would seem like a decadent luxury to pay someone to do it.

    I agree and also in the early years I don’t think you can really learn how your business ticks if you don’t get your hands dirty with the book keeping.

    If you don’t understand the process that is all the more reason to learn while you still have a simple enterprise.

    Last financial year my accountant (end of year tax only) overstated my income by nearly $50k. I was only able to spot this and get it corrected because I was intimate with the book keeping for the business. Otherwise I would have been happy thinking that I had a much more successful year than I really did and pay an extra $20k in tax for the delusion.

    So many entrepreneurs get excited about the marketing when so much of the action is at the numbers.

    #1102839
    travelmaster
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    I do use a bookkeeper because it allows me to spend all of my time on what I do best – sell travel. The cost of hiring/using one every three months is insignificant comparing to what it would cost in time and money for me to figure it (bookkeeping) out for myself.
    How did I find one – through BNI. Can strongly recommend him.

    #1102912
    travelmaster
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    I do use a bookkeeper because it allows me to spend all of my time on what I do best – sell travel. The cost of hiring/using one every three months is insignificant comparing to what it would cost in time and money for me to figure it (bookkeeping) out for myself.
    How did I find one – through BNI. Can strongly recommend him.

    #1102841
    HammockFG
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    We don’t use a book keeper because a) we’re financially minded so it’s not too overwhelming & b) our needs are very simple – we don’t have to wade through invoices and reconciliation etc. If it ever got otherwise we would quickly pass it on.

    We work with small businesses doing it themselves however and have in the past introduced them to bookkeepers – for which they have been extremely grateful. For these people, it seems they just never knew who to reach out to, or they started out small so felt they didn’t need it, and when their businesses grew and it became overwhelming, it was just a part of their routine.

    I think if you can show them and make them realise how much work goes into it, and the time they are spending on that rather than on what they are better at doing and prefer doing, it’d be a winner. No-one we’ve ever referred on to a book keeper has been anything but pleased with their decision to do so!

    #1102914
    HammockFG
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    • Total posts: 136
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    We don’t use a book keeper because a) we’re financially minded so it’s not too overwhelming & b) our needs are very simple – we don’t have to wade through invoices and reconciliation etc. If it ever got otherwise we would quickly pass it on.

    We work with small businesses doing it themselves however and have in the past introduced them to bookkeepers – for which they have been extremely grateful. For these people, it seems they just never knew who to reach out to, or they started out small so felt they didn’t need it, and when their businesses grew and it became overwhelming, it was just a part of their routine.

    I think if you can show them and make them realise how much work goes into it, and the time they are spending on that rather than on what they are better at doing and prefer doing, it’d be a winner. No-one we’ve ever referred on to a book keeper has been anything but pleased with their decision to do so!

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