In-house accounting and financial recordkeeping can be done if you have an exceptional budget, but what if you are a start-up company that needs to keep overheads low?
In another scenario is you may run a land surveying business with most of your employees as experts in the field of surveying. You other staff members include the cleaner, security guard, receptionist, secretary, and office manager. None of them are experts in bookkeeping and with such then you will want office staff to only do the basic recordkeeping without having to be concerned with payroll management and the annual financial statements.
In such a scenario, just as with the first, you will benefit from making use of our bookkeeping services, Bryanston based. Rather than having to employ a full-time bookkeeper and thus add to cost to company with more computers, software, licences, training, payroll management and employee costs such as leave, medical benefits and UIF, you can ensure that your company’s accounting is up to date at all times and save money at the same time.
Importance of accurate and up-to-date financial records
One of the pressing concerns for small business owners is the amount of red tape that they have to deal with daily. For many, there’s simply no time to focus on record keeping. Unfortunately when you want to sell a business, the records will be essential for a successful sale. If you want to apply for finance, the investors or banks will want to review your company’s books. Then there’s SARS as well, requiring up-to-date and accurate financials.
Indeed, for you to manage your business more effectively and maximise on opportunities, you need to have insight into your monthly spending, income and savings. You need to have excellent reporting done to ensure better budgeting and forecasting capacity. Unfortunately, focussing on the accounting side of the business means time lost that you could have spent building new client relations, developing a product line, and expanding your market.
Types of functions forming part of the bookkeeping services we offer from our Bryanston offices:
Considering that we have an entire team to handle from your monthly bookkeeping to your payroll management services and your year-end financial statements, you have to agree that it makes sense to focus on the core business while our independent team ensures accurate financials.
You save on the costs associated with in-house bookkeeping and minimise the risk of incorrect financials. At the same time you will have records at hand for an overview of your current financial status. Our team is here throughout the year and you won’t have to deal with people not at work and records that are not available.
Streamline your business functions and make more profit by making use of our bookkeeping services offered from our Bryanston office.