A great bookkeeper can do more than just data entry
They can improve cash flow by keeping track of sales, customer payments and debt management. They can monitor payroll requirements including sick and annual leave accruals as well as superannuation and payslips.
A good bookkeeper can also help you with budgeting and preparing monthly budget analysis reports.
Do you review your balance sheet and profit & loss reports monthly? A good bookkeeper will ensure that your balance sheet is up to date and in line with your previously submitted accounts.
Having the right set up is vital and a good bookkeeper with be able to streamline your MYOB chart of accounts to be compatible with your accountants requirements. This will also eliminate costly end of year changes and minimise your accounting costs.