Should you a hire a bookkeeper?
Should you hire a bookkeeper? Meet Sabrina, she is a busy mum, running her business from home.
Her business is getting busier and she is spending more of her time on admin tasks. Sending invoices, matching payments and doing GST are becoming a burden.
She started as a hobby business 16 months ago, doing her accounts on a spreadsheet was simple and made sense. Now that she has grown, her spreadsheets are becoming a nightmare to deal with. Mistakes are starting to happen.
Last financial year, one of her formulas were wrong and her profit and loss calculated wrong. This mistake wasn’t picked up until her accountant completed her end of year accounts. Now she has a massive tax bill and accountant bill to pay.
Her accountant and her networking group suggested she should hire a bookkeeper.
Sabrina found us via word of mouth and approached us about outsourcing. She wanted to know how a bookkeeper could help her get back on top of her finances.
Her criteria was to get her setup with an online accounting system that would;
- Streamline her accounts
- Allow her to work from anywhere
- Her accountant could login for end of year accounts
- Made doing her accounts easy
The less she had to worry about it, the better! Her husband is getting fed up her with worrying about the tax bill she has to pay and how she would get back on top.
After an initial discussion, we found that Xero would be the best option for what she needed;
Xero allows her to work together with us and her accountant, in real time.
Connectivity and Convenience
Sabrina can access her financial information from anywhere. This means she can sit in the car, while waiting for her children, and check her accounts.
One of Sabrina’s favourite features is the visibility over her finances. Without any effort, she can see what invoices and bills she has outstanding, and adjust her budget accordingly.
One of Sabrina’s biggest issues with doing her accounts on a spreadsheet was the lack of insights and tools. With Xero, she can focus on looking after her customers better.
Since Sabrina came to us and moved from spreadsheet to Xero, her accounts are no longer a nightmare. She loves how easy it is to create an invoice and how easy it is for her customers to pay her. Sabrina still hates doing her bank reconciliation and GST which is fine, because we do that for her!
Are you ready to reduce your admin burden and get back on track?
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