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Expertise and Accuracy: Bookkeepers should be trained professionals who specialise in managing financial records but many can over complicate things by creating too many accounts within your accounting system. This can create a very messy and complicated set of affairs for you come tax time. At TCB we focus on setting things up right the first time (or cleaning things up and keeping your accounting system clean). So that tax time can be as painless as possible. We also are well versed in accounting principles to ensure that your financial data is accurately recorded, categorised, and organised. This accuracy is crucial for making informed business decisions and maintaining compliance with tax regulations.
Time-Saving: Bookkeeping can be time-consuming, especially if you're not familiar with the processes and software involved. By delegating this task to us, you free up valuable time so that you can invest in growing your business, developing new strategies, or simply enjoying your personal life.
Focus on Core Activities: As a business owner or professional, your expertise lies in your specific field, whether it's providing a service, creating products, or managing a team. Outsourcing bookkeeping allows you to concentrate on your core activities, which can lead to improved efficiency and productivity.
Financial Insights: TCB Advisory not only records transactions but also provide insights into your financial health. We can create reports that show where your money is coming from and going to, allowing you to identify trends, make informed decisions, and plan for the future.
Reduced Stress: Managing financial records, especially as a business owner, can be stressful and overwhelming. Handing over this responsibility to a bookkeeper can alleviate that stress, giving you peace of mind that your finances are being managed professionally.
BAS Preparation: A bookkeeper can assist in preparing and organising your financial records for BAS preparation. Having well-organised records can make the BAS process smoother and reduce the risk of errors that could lead to penalties.
Cost-Effective: While any bookkeeper comes with a cost, it's often more cost-effective than trying to manage your finances on your own. The time saved and the avoidance of costly mistakes can outweigh the expense.
Business Growth: Accurate financial records are crucial when seeking funding, loans, or investors. A bookkeeper can provide clear financial statements that demonstrate your business's stability and potential for growth, making it easier to secure funding.
Long-Term Planning: With accurate financial data and insights, you can make well-informed decisions about your business's future. A bookkeeper can help you create budgets, forecast revenue, and plan for expansion or other strategic initiatives.
TCB Advisory's preferred software is Xero.