What Is Bookkeeping?
Bookkeeping is simply the process of keeping an accurate record of the money coming into and going out of your business.
That includes things such as:
sales
customer payments
supplier bills
business expenses
bank transactions
payroll transactions
GST information.
Good bookkeeping keeps this information organised and up to date.
Why Does It Matter?
Many business problems start with poor records.
If your bookkeeping isn't current, it becomes harder to know:
how much money you're making
what customers owe you
what you owe suppliers
how much GST may be payable
whether your expenses are increasing
whether the figures you're looking at are actually correct.
Good bookkeeping gives you a reliable starting point.
Who Is This Service For?
Our bookkeeping services may suit:
sole traders
start-ups
small businesses
growing businesses
companies
family businesses
professional service businesses
business owners who simply don't have the time to keep their books properly organised.
How SKC Accounting Can Help
Depending on what you need, we can help with:
recording business transactions
bank reconciliations
accounts payable
accounts receivable
maintaining your general ledger
organising financial records
payroll-related bookkeeping
preparing records for BAS and taxation
cloud accounting support
reviewing existing bookkeeping for problems or inconsistencies.
You may need regular bookkeeping support, occasional assistance or help cleaning up records that have fallen behind.
We can discuss what makes sense for your business.
Benefits to Your Business
Reliable bookkeeping can help you:
save time
keep your records organised
understand your financial position
prepare more accurate BAS and tax information
identify problems earlier
make decisions using information you can trust.
Common Questions
Can't find your question? Email us.
Can I do my own bookkeeping?
Yes. Many small-business owners do, particularly when they're starting out.
The important thing is that the records are accurate and kept up to date. As the business becomes busier or more complicated, professional bookkeeping may save considerable time.
How often should bookkeeping be done?
It depends on the business. Some businesses need weekly attention while others may be comfortable with monthly bookkeeping.
The important thing is not to allow records to fall so far behind that they stop being useful.
My bookkeeping is already behind. Can you help?
Yes. We can review what is available, identify what needs attention and discuss a practical way to bring the records up to date.
Continue Learning
What Accounting Records Do I Need to Keep — and for How Long?
My Bookkeeping Is Months Behind — Where Do I Start?
Do I Need Accounting Software When My Business Is Still Small?
How Often Should I Reconcile My Business Bank Account?
Service Delivery Disclosure
SKC Accounting Financial & Advisory Services Pty Ltd trading as SKC Accounting is a licensee of Platinum Accounting Australia Pty Ltd (Platinum). Platinum is a Registered Tax Agent (Tax Agent No. 24683431). Tax agent services, including the preparation, review and lodgement of tax returns, and BAS/GST services requiring registered-agent authority, are provided through Platinum under the applicable engagement arrangements. For more information, please visit Platinum Accounting Australia.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.