Bookkeeper Melbourne
in Bookkeeping - 06 Jun, 2017
by Basic Bookkeeping - no comments

There could be a lot of reasons you need to hire a bookkeeper. Maybe your last one quit or your staff is overloaded. Whatever the reason, the simple fact is you’re not getting the financial information and business intelligence you need to make accurate, timely decisions.

If you get the right bookkeeper and processes in place, you get the right information. Even if you’ve decided outsourcing your bookkeeping is better than taking on the hiring risk, you need to find the right service to help you.

So what’s the first thing you should look for?

  • Are the bookkeepers experienced in their field and have got the ability to give you accurate financial records?
  • Are the bookkeepers familiar with your field of business?
  • Do these bookkeeping people have the needed ability to reconstruct the lost or erratic records?
  • Are they responsible and answerable to some professional financial body?
  • When they take
in Bookkeeping - 09 Jan, 2017
by Basic Bookkeeping - no comments

It’s an interesting time to be a bookkeeper. The Australia economic reform is currently focusing on being a prominent player in the world of business, with the working class is changing global politics, and the new debate being robots can uproot our jobs.

The latest CEDA reports shows that more than 5 Million jobs equal to 40% percent of Australian jobs today are at a high like hood of disappearing in the next 10 t0 15 years, due to innovations and technological advancements.

This begs many questions for bookkeepers one of the jobs quoted as being at the risk of irrelevance. Generally bookkeepers have access to more than 500 add-ons and integrations using tools such as Xero, meaning technology automate the time-consuming tasks.

So with the power bookkeeping at pay, can robots really take our place.

Robot and a dream  

Let’s review the real terms, for instant the people …

in Bookkeeping - 30 Jul, 2016
by Basic Bookkeeping - no comments

When it comes to hiring a new bookkeeper Melbourne it’s a relatively simple task but for many they aren’t overly convinced a bookkeeper is needed. Sometimes you think it’s best to save money and avoid hiring expensive bookkeeping services however in the long run they could end up saving your business. Organization is crucial in the business world and it is never easy to achieve this which is why every business owner must consider hiring a professional bookkeeper.

Do You Want To Run The Risk Of Disorganization?

Hiring a bookkeeper may not seem like such a necessary cost for many owners but when it comes to your company it’s truly necessary. Keeping your company organized is hard at the best of times and if your books aren’t in good order then it could potentially cause disorganization. You can’t be sure what money is coming into the business and what money …

in Bookkeeping - 02 Feb, 2016
by Basic Bookkeeping - no comments

Bookkeepers Melbourne are fast becoming a sought after service, yet there are still thousands who don’t believe, they need to look at these services. It is strange since bookkeeping is quite a skilled area and something which many struggle with. If you own a business, you do need to consider hiring a bookkeeper but why, why should you consider a bookkeeper?

Keeping Things in Order

Hiring a bookkeeper Melbourne doesn’t always seem such a necessary step in business however, it really can be. It is hard to run a business and ensure the bookkeeping matters are settled and handled in a professional matter. If you can’t do it, then you probably have to train someone within the office to do this and it can get very messy, very quickly. That is why you need to consider hiring a bookkeeper. Bookkeepers are the best people to use when you want to …

in Bookkeeping - 18 Sep, 2015
by Basic Bookkeeping - no comments

Bookkeeper keeps on using the various tactics and techniques of keeping the business balance. One among them is “double entry bookkeeping”. Double entry is the tactic of bookkeeping in which every transaction is made to give two of the opposite evidences on it.

It is a system of accounting in which each and every transaction comes with dual corresponding values. One comes in positive unit and the other in the negative unit. This is how, double entry bookkeeping gives the transactions two parts. And these two parts in turn affect two ledger accounts.

What will be the double entries?

As we are saying double entry bookkeeping will contain dual entries and their effect so a question will arise what these two entries are. Let me clear you that these two entries will be:

i. Debit entry

ii. Credit entry

From the above discussion it is clear that whenever we transact …

in Bookkeeping - 18 Sep, 2015
by Basic Bookkeeping - no comments

If we look at 20 cases of relationship between the bookkeeper and the business owner, we will find the consistency in 2%. The reasons embrace lack of understanding, bad strategic plan, lack of flexibility and non-enchanting pay scales of the bookkeepers.

Here the ball comes in the court of the business owner. He would have to understand the worth of a book keeper and he would have to be flexible in this regard. Let us look at various perspectives for sake of getting a way about how to work remotely with a bookkeeper.

Prefer quality over quantity of work:

Many of the business runners do a very complicated mistake at this point. They hire the bookkeeper and then start expecting him to work like a magic. Most of the business runners outs multiple duties on the shoulders of bookkeeper by keeping in mind “we are paying heavy to him”. No, …