01/12/2014 QUESTION: Do I still need a bookkeeper for my
business to assist with my record keeping though I know how to use an
accounting software such as MYOB or XERO or similar?
ANSWER: There is more to
bookkeeping than just entering data and you must know how to post your
business transactions or items correctly under their categories (or what
is known as “Account Lists” or “Chart of Accounts”). For example, some
items can be classified/categorized as assets and depreciated while
some should be posted or recorded as an expense against income.
These are situations where a trained and
professional bookkeeper will know and can actually save you money from
undetected errors if left untouched for a long period of time.
Correcting numerous posting errors at year end will mean you are paying a
highly costly bill to an accountant than necessary.
Visit www.bbizsolution.co.nz for more information on how a Bookkeeping Pro can assist you with your business finances.