If you’re a business owner, chances are you’re already flat out with day-to-day activities like managing staff, attracting new customers and finessing your product or service offerings.
Sitting down to do your own bookkeeping is probably the last thing you feel like doing at the end of a busy day. And while it’s tempting to ask a staff member to manage the books, they may not be as efficient or accurate as a trained bookkeeper.
It’s no surprise, then, that bookkeeping is one of the most common activities business owners outsource. A good bookkeeper can save you time and money, while freeing staff to focus on doing what they do best: growing your business.
In this article, we’ll list a few key things to consider when looking for a bookkeeper, and share some helpful information on the best bookkeepers in Canberra.
What makes a great bookkeeper?
The best bookkeepers help you understand your business’ financial situation so you can make informed decisions, minimise cash flow issues and grow sustainably. They also tend to have a few traits in common, including:
- Organisational skills. Bookkeepers need to be highly organised to meet deadlines and manage routine and repetitive tasks like expense tracking and invoicing. Your bookkeeper should know where all financial records are held and retrieve information for you quickly.
- Experience. Your bookkeeper should have experience working with similar businesses – both in terms of size and industry. They should also be familiar with your chosen accounting software (i.e. Xero, MYOB, QuickBooks), and the ins and outs of things like PAYG, payroll tax and GST.
- Reliability. Bookkeeping can be time-sensitive, especially when it comes to the end of the financial year. Look for a bookkeeper you can rely on to deliver what you need when you need it.
- Interested in your business. Your bookkeeper should take the time to learn about your business and how it works. This can be a big help when it comes to invoicing (if your bookkeeper handles invoicing), as well as for identifying potential financial issues.
- Tax expertise. Ideally, your bookkeeper should be quite the expert when it comes to taxes. That way, you can rest easy knowing you are prepared to claim your deductions and expenses.
- Accuracy. When it comes to your business finances, accuracy is a must. Investing in inaccurate record keeping could cause even more problems further down the track.
What else would you add to this list? Share your thoughts in the comments section below.
The best bookkeepers in Canberra
RiotACT’s editorial team has combed through 20 years of on-site comments to compile a list of the most recommended businesses according to you.
To be listed in our Best of Canberra series, each business needs to have consistently received positive feedback on RiotACT and maintain a minimum average of 4/5 stars on both Google and Facebook reviews.
Putting your bookkeeping on autopilot might sound too good to be true, but that’s exactly what PAQ Group aims to do. It’s a progressive bookkeeping and payroll services solution that takes the stress out of bookkeeping. Armed with the latest technology, its team offers fixed-fee ongoing bookkeeping and payroll packages that suit your individual business needs.
What makes PAQ Group unique is its focus and belief in regular communication, reporting and becoming one of your trusted advisors. And the results speak for themselves: according to Google Reviews, PAQ Group is Australia’s number one rated bookkeeping business.
PAQ Group’s bookkeepers are certified BAS agents and certified Xero advisors, so you can be confident that your finances are in safe and experienced hands.
As Facebook user Steve Lowe writes in their review of PAQ Group, “Brilliant. Justin is on top of his game and provides an easy to understand dashboard of how your finances are tracking. Highly recommended.”
After proudly servicing the Canberra region for 30 years and attaining almost 100 years worth of experience between them, the team at RSM certainly know the ins and outs of bookkeeping. They offer a full suite of specialist advisory services based on strong local knowledge but informed by international best practices, allowing them to keep up-to-date with contemporary methods.
In their business advisory services you will find a comprehensive range of bookkeeping services at your disposal, from payroll structuring to superannuation services, to practical and qualified financial management advice to help you make sure your sheets are properly balanced and that you are meeting all of your requirements.
Completely Taylored, established in 2016, is one of only a few organisations that works with a team-based approach at no extra cost, making it a more affordable option for all your bookkeeping needs. Founded on the principles of “Freedom, Flexibility and Functionality, the team of industry experts at Completely Taylored is committed to providing you with effective and efficient business solutions.
Because of their team-based approach, you are given the opportunity to receive a level of service and care that is second to none as the advice you receive draws on every team member’s specialisations, including sales, accounting, marketing, management and bookkeeping.
Completely Taylored’s bookkeeping services are comprehensive and thorough, and they can help you with a wide range of obligations from processing payrolls, debt collection, managing accounts payable and receivable, End of Financial Year tidy-ups and additional trust administration services.
As Facebook user Pamela Gonzalez writes in their review, “Completely Taylored has a great team. The variety of experience of Courtney and her staff, ensures that the work is done in a timely manner. From working with Real Estate Agencies, childcare centres, or other small businesses, they have it covered.”
Figures Matter tailors its bookkeeping services to suit your needs, compliance requirements and budget. Whether you need help with payroll, invoicing, superannuation or migrating from MYOB to Xero, Figures Matter’s Xero bookkeepers and registered BAS agents have the skills and experience to help.
Google reviewer Shane Evans had this to say about their experience with Figures Matter’s bookkeeping service, “I’ve been working with Figures Matter now for three years. They consistently provide an exceptional service and I would recommend them to any business looking to outsource their book work.”
For accurate, meaningful, and organised bookkeeping services, you cannot go wrong with the experienced team at Everest Business Consultants. These experts offer a comprehensive range of affordable bookkeeping services, from day-to-day activities to training staff and more. If sound record-keeping is what you are looking for, get in touch with the bookkeepers at Everest – they have experience with MYOB, Quick Books, XERO, Saasu, and Bank Link software, among others.
As Google reviewer Taylor Victoria writes, “Such an amazing help right from the start! Sanjay helped me set up my business correctly from day 1 and is setting me up for success in the future. He set up my Quickbooks for me, showed me how to make my invoices and is helping me with absolutely everything I need.”
Are you looking for financial help and advice for yourself or your business? Check out our articles on the best tax accountants, the best auditors and the best financial planners in Canberra for a guide to our city’s top services.
Your experience with bookkeepers in Canberra
Thanks to our commenters who have provided insightful feedback. If you believe we have got it wrong, please let us know.
Have you worked with a great bookkeeper in the Canberra region? Have they helped you gain more time to work on growing your business? We want to know about it. Share your experiences and feedback in the comments section below.