The warning signs that you need to find a bookkeeper ....
Do you find yourself wondering if it might be time to find a bookkeeper? Here are five warning signs that
it might be time to take this step ...
 |
Your banker or business adviser has
requested financial statements. If this happens and you do not have your bookkeeping records in order
you need to act fast. The trick will be to find a bookkeeper who can get this information processed
fast enough to meet the timeline. |
 |
You are getting angry phone calls
from suppliers looking for payment. Everyone can miss paying an invoice now and then. But if you are
consistently late paying your suppliers, you risk losing your credit privileges and your business may
be in peril if you can't purchase your materials. |
 |
You don't know how much money you
should have coming in. If you can't keep track of your accounts receivables you won't know if people
are late paying you. Unfortunately some customers may take advantage of this if they know they can get
away with paying you late. |
 |
You've hired an employee and need to
pay them. Once you've crossed the threshold of not being able to run your business on your own, you
must find a bookkeeper who can take care of payroll for you. |
 |
You are having problems keeping track
of your business and personal expenses. This is a huge red flag. If you get audited and you have not
kept careful records, the Tax Office may disallow certain expenses even if they were genuinely business
related. Also you can easily miss out on business expenses that you could be claiming if you tend to
lose receipts. |
So if you have encountered any of the above warning signs, consider it time to find a bookkeeper.
|