There is no simple answer to this question – the fact is that anyone can do their own
bookkeeping. This might sound crazy coming from a Bookkeeper but with modern, digital
software making this even easier most sole traders with simple income and expenditure
can indeed do their own bookkeeping.
The question that most small business owners should be asking is ‘is doing my own books a
productive use of my time?’ Every hour/day/weekend you spend on your bookkeeping is time
you aren’t productively earning for your business.
It doesn’t stop there – while you are happily processing your income and expenses and
possibly even your tax return, are you keeping up to date with compliance changes? Tax
thresholds? Are you claiming all the tax-deductible expenses you are entitled to?
I think once you get to the stage where bookkeeping is the bottom of the to do list and
never moves up or becomes a stress that keeps your business from progressing, you’re
overdue a chat with a bookkeeper about how they can help you.
We offer no obligation consultations to discuss your bookkeeping needs – however big or
small, so contact us to arrange a coffee or chat.