Posts from 2017-01-09

Why outsource your Bookkeeping?

 

People usually set up their own business because they are passionate about, and skilled in, the area that their service or product provides. However, the nature of owning a business means you are dragged away from such activity by the mundane tasks required by all business owners, especially the financials. After the first hurdle of raising revenue for your new venture comes the pressure of money management, budgets, expenses, etc. In addition, new businesses don’t usually have the capital to take on full time finance managers and so find themselves taking on this role. This is usually new territory for many business owners, and in the absence of a financial manager, outsourcing your bookkeeping can save you valuable time that you can put back into your business.

To get the most out of your business you must have a clear plan for the future and set goals accordingly. Having up-to-date financial statements allows you to gauge how lofty or realistic your goals are. Any effective planning is made in conjunction with good knowledge of the company’s finances.

Online bookkeeping allows business owners instant access to their records, from any computer via the internet. It reduces stress as your records and reports are available at any time. This also allows to you deal remotely with your accountant, over the phone, freeing up your time to concentrate on your business.

Having a cloud based bookkeeping system will give us at Office Assist access to you bookkeeping along with your accountant and of course yourself.  Outsourcing your bookkeeping to a company like Office Assist will free you from the tasks of invoicing, lodgements, following payments, etc, you can do what you do best and let us do what we do best. 

A full time finance manager will require an annual salary. In addition, they are entitled to four weeks holiday pay as well as other employment rights. Outsourcing of your bookkeeping means you do not need to take on staff.  An outsourced bookkeeper is trained in this area and can complete tasks in a lot less time than your staff.  Effective bookkeeping requires good time management.  Not keeping on top of tasks can lead to fines or losing suppliers.  Having it outsourced to Office Assist will ensure that all tasks are done in a timely manner.  We will follow up on your clients/customers for payment, thus keeping your cash flow going and preventing fines. 

Office Assist will work with your accountant on your behalf to ensure your business finances are an area you really don’t have to worry about.

Call us on 06332466 or email for further information info@officeassist.ie or call in, we will be glad to discuss all your bookkeeping needs.

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