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Whether you are a sole trader, a growing small business or a multinational company, being able to easily take a snapshot of your finances at any given time is vital. You may want to take out a loan or just keep track of your expenses, bookkeeping is essential to keeping your records up-to-date and report ready when you want them. If you can easily see where your business is headed, it’s easier to make the necessary changes to help you achieve your goals, minimise risks, and overcome challenges.
Bookkeeping is the process of record keeping, which differs to accounting but has many tangible & intangible benefits when carried out by Oracle Accounting, such as:
Everyone seems to be time poor these days and seemingly has no time to do the things that they know need doing. It becomes a knot in their stomach but they just don’t know where to start or who to go to. The longer they leave it the worse it gets and then they start getting letters from the ATO and then it becomes a head-in-the-sand scenario and more anxiety that they know how to deal with, and then of course its going to cost a lot money because there’s a lot of catch-up and probably interest and penalties from the ATO. Unfortunately tax and compliance stands still for no man or woman. So why leave it undone and until the last moment? The gods will not favour your business if you fall behind with your record keeping. So how to fix or avoid this scenario?
At Oracle Accounting, we believe that having a bookkeeper who also happens to be your accountant, is the key to a successful business. We can if it is your preference, tailor-make a bespoke solution just for your business as we know, one size does not fit all. Having Oracle Accounting take care of your bookkeeping processes will improve productivity and create greater levels of transparency, so you can focus more on strategic decision-making and making money for your business.