Do you barely manage to have time running your own business and multitasking to do the accounting of your books? You don't like bookkeeping but you feel like you don't have a choice but to do it yourself? But bookkeeping is not that hard, or is it?
It’s actually more than just recording your transactions, as it requires a lot more of your time, skills and knowledge on how to do it the right way, as doing it correctly will give you the right results. Accuracy is key to making important management decisions, as accounting is the language of business.
Now the question is, does your business need a professional bookkeeper to do your accounting? Ask yourself these questions:
1. Do you have the time to be your business' bookkeeper?
You have to manage your business all day, every day, but do you still want to use hours of your time at the end of the day accounting for your transactions, instead of spending time with your family? Or perhaps use that time to grow your business more? A trained and experienced bookkeeper will not take very long to complete the bookkeeping of your transactions.
Benefits of hiring Ray's: Ray's bookkeepers are certified and qualified to do your accounting, with years of experience and training. You'll get up-to-date records which you can access at any time to make key business decisions.
2. Do you like bookkeeping?
Other people may find this task boring and confusing that will require the following skills:
Accurate data entry skills - this is required when recording your business transactions.
Basic math skills - there's no accounting if there's no math, at least the basic operations.
Keen to details - this is necessary to avoid errors, confusions, double entries or payments.
Being an organized person helps. It's not only about recording, keeping your records and filing in an organized way is also essential, especially when you need to retrieve or review your records for the many deadlines that you need to comply with.
Kind of tiring, right?
Benefit of hiring Ray's: You can use your time on something that you like to do more. Ray's will let you enjoy your time while giving you peace of mind.
3. Do you need to outsource bookkeeping services?
Ask yourself, are you familiar with the basic accounting terminologies and able to understand their differences? If not, then doing it yourself will be hard. Managing your accounts and understanding your transactions to control your cash flow will require some qualifications and experience, those that bookkeepers have. It's not just plain recording, this should be in line with best accounting practices too to account for your income and expenses properly.
Benefit of hiring Ray's: Remember that errors can cost your business or ultimately lead to a fine with the IRAS. Don't be ashamed to answer No to these questions. We will be here to help you at Ray's Accounting. Subscribe now to Ray's bookkeeping services. We will help you save time, get accurate reports to help you grow your business with peace of mind.
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