To some, the term ‘Bookkeeper’ conjures up images of a crusty old caretaker-type with a penchant for hoarding a collection of dusty tomes in a library of some long-forgotten British manor.
The truth is, Bookkeeping is an essential part of running any modern business and vital to its financial success.
The origins of Bookkeeping can be traced back to the early Chinese dynasties with their Suanpan or ‘counting tray’ and even earlier to ancient Mesopotamian times with the introduction of the Sumerian abacus. Using simple counting methods and recording practices meant business owners could keep track of their financial dealings with customers and suppliers.
Through the ages and as trade and commerce flourished, there have been improvements to how financial information is recorded. Largely, though, ‘Double Entry’ bookkeeping — introduced by Franciscan monk Frater Luca Bartolomeo Pacioli — had been the norm since the late 1400s until last century when companies began to see the benefits of computerising their bookkeeping.
Today, there are numerous software packages designed to make Bookkeeping easier. So much so, a lot of single/sole traders and SMEs opt to do their own bookkeeping rather than relying on the services of a Bookkeeper.
However, there are dangers and often expensive consequences if you get it wrong. Misreporting and lateness in lodging compliance documents with the ATO can severely disrupt and penalise your business. Not to mention the frustrated calls (and hefty bills) you’ll probably get from your accountant at the end of the financial year if your books aren’t up to scratch.
That’s why using a professional bookkeeper is such a good idea — no matter what size your business. A Bookkeeper who specialises in major software packages like Xero and MYOB; who can lodge your monthly BAS statements; who works hand in hand with your accountant; who knows about ATOs compliance requirements; and who can save you some money in the long run.
And that’s where we come in.
Being Accountable Bookkeeping Service is an experienced, accredited Bookkeeping Service and BAS Agent. Our team can do everything your business requires from a bookkeeper — either at your office or ours.
We do it with minimum fuss, on time, at a reasonable cost, and to a professional standard that others can only aspire.
Most importantly, though, we take care of your bookkeeping so that you don’t have to. And that means you can concentrate on what you do best — running your business.
Being Accountable is on Facebook!
Keep up-to-date with the latest happenings, tips and tricks, promotions and industry news from Adelaide’s premier bookkeeping business.