The answer is simple – because you have better things to do!
Lets be honest, most business owners hate doing the bookwork.
When you think about it, it’s a tedious, time consuming process that brings you no monetary return, unlike working in your business.
The reality is that you need to have an awesome accounting system to:
- Ensure you record all your income and expenses
- Make sure you get your BAS correct
- Keep the ATO happy
- Keep your Accountant happy
- Most importantly, be able to use your system to make quality decisions about your business rather than flying by the seat of your pants.
Most business owners are great at what they do in their business but lack the knowledge of legislation and/or good accounting systems. This leads to stress and the overall hatred of doing the bookwork.
It’s never too late to implement efficient systems and engage a good bookkeeper, Bookkeeper Hub can take off where you left off – bring you up to date, ensure your systems capture all the information and give you timely reports & lodgements.
Most importantly, your time is spent on operating your business, doing what you do best, not administrative tasks that you don’t enjoy.
Photo credit: Storyblocks