Archives for Bookkeeping category
Have you ever thought how mental accountig can affect your Ormeau business? Or why many of us are willing to spend more money for a product purchased with a credit card, than with cash?
It’s all to do with our capacity of mental accounting.
What is Mental Accounting?
Quite simply we’ll use an example of buying a concert ticket for $120. We show up to QPAC only to find we’ve lost the ticket in transit. Do we Read more… »
We’ve talked before about the benefits of a cheap Ormeau bookkeeping service, and were reminded once more by a prospective client in Pimpama looking for a book-keeper
He was very keen to have a bookeeper come in and show him how to do his bookkeepering, and train him to use MYOB so that he could raise invoices etc. Suddenly he was more focused on the Read more… »
Our ormeau Bookkeeping Team are getting all our clients ready for June 30, the end of finanial year
There’s many reasons why you should get your bookkeeping upto date before the end of the financial year on 30 June 2010.
Often clients are devastated when they discover how much tax they have to pay because they didn’t plan for the FYE (financial year end). Leaving it until after 30 June is too late.
We are not tax agents or accounts, but our team of mobile Ormeau bookkeepers can certainly help you get your paperwork upto date so that you can at least have three quarters of the 2009/2010 financial year upto date and ready to visit your accountant before the end of June 2010
Imagine Bookkeeping with an abacus?
For many people the abacus is a very slow calculator – yet to others, using an abacus is quicker than using a pocket calculator. For a large Swedish flat-pack homewares store, the abacus is merely a children’s toy
Whilst visiting China almost twenty years ago, we experienced a totally ironic sight.
In a department store the chinese were selling pocket calculators across the counter.
When a customer went to make a purchase, the shop staff would grab the abacus to calculate the transaction!
Imagine that: selling a pocket calculator and using an abacus to conduct the transaction!!
It seems that the abacus has been around for at least 2000 years.
Possibly originating in China or Babylon, the abacus was common in the Roman empire.
As mentioned, the abacus is still very much in evidence in China, as well as Japan (as the Soroban), and even Russia (the schoty).
Happy whatever day, Australia
Australians love an excuse for a public holiday.
Since this year it falls on a Tuesday, it seems that for many people, there’s little option but to take Monday off, and make it a long weekend!!
Enjoy yourselves, have a good time, relax, and get on with living in Australia
Thanks, girls, whoever you are. And thanks to the photographer, where ever you are – Happy Australia Day
Business Activity Statements BAS are due on 2 March 2010 for businesses that report their GST obligations quarterly in Ormeau, Yatala, Coomera, Eagleby and Beenleigh, South East Queensland, Australia,
With the Christmas holiday period over for many small businesses, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2009) to get your BAS lodged on time.
If you are struggling with your bookkeeping and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now
You may use MYOB or Quickbooks accounting software – or even some other syatem for your bookwork. We can assist you with any challenges, or even just releave you of the burden of the book-keeping
Our bookkeeping Service has clients in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh,South East Queensland, Australia, Contact us here for details
When potential clients contact our Ormeau bookkeeping service, they often ask us: “what is your hourly rate for bookkeeping?” and whether we use Quickbooks or MYOB
They then try to make a comparison by phoning up other bookkeeping services around Coomera and Eagleby in the belief that they can hunt around and find a bookkeeper charging a better rate and therefore make the assumption that by paying a lower rate for bookkeeping services they will save money.
On the surface, this may be a logical thought process. Mathematically, it ‘s a simple equation: The job takes “X” hours @ “defined rate” = Total Cost of bookkeeping services
Therefore by finding the lowest “defined rate” = You’ll lower the total cost of book-keeping.
However, there are a number of variables in this equation. How do you ascertain whether both bookkeepers will do the same amount in the allocated “x” hours?
How do you know that the quality of work will be the same?
There may be a number of reasons why a bookkeeper is charging a lesser rate:
1) The bookkeeper needs the work
2) The book-keeper lacks experience / confidence
3) The bookkeeper does not know the true value of their service
4) The bookkeeper has lower overheads
The bookkeeping raterefers to the amount of money that consumers have to give up to acquire that bookkeeping service.
Whereas the Cost refers to the amount paid to produce that service. The cost represents the sum of the value of the overheads – offices, labour, travel, experiences and expertise.
So when the client asks the hourly rate, do they really want to know how much the bookkeeping will cost? And if they focus on the COST, are they looking at bookkeeping fees being an expense or an investment into their business
A bookkeeping expense could be the result of trying to save money on bookkeeping fees by engaging the cheapest bookkeeper, where as investing in a bookkeeping service that has expertise, experience, and higher fees may produce better results for your business and ultimately save you time and money overall
When enquiring about bookkeeping in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh,South East Queensland, Australia, remember the difference between hourly rate, cost and price.
There are a number of factors that you may wish to consider when looking to outsource an Ormeau mobile bookkeeping service. Like many Ormeau business operators, your time is very valuable, and finding opportunities to do your bookkeeping always seem to be overtaken by other tasks needed to run your business.
The first benefit of having an Ormeau professional bookkeeper come in and do the bookwork is that we won’t be distracted by other incidents that occur during the day in your business
Secondly, we do bookkeeping everyday, are skilled, well practiced, experienced and more than likely faster than you would be
Thirdly, we can most likely streamline the bookkeeping process for you, take away the stress and pressures of doing the bookwork, and free up your time to focus on what you do best in your Ormeau, Yatala or Beenleigh business, and more importantly give you back some time that you can be spending with your family
You ask about an hourly rate.
We believe the question that you really want answered is “How much will it cost me to outsource my bookkeeping?” – that depends if you regard your bookwork, and having a handle on the financial side of your Ormeau, Yatala or Beenleigh business, as an expense or an investment.
Our clients regard our Ormeau bookkeeping service as an investment into their business for reasons mentioned above. You could be looking at anywhere from $150 per week, $300 per month or quarter, depending on the VOLUME of paperwork moving across your desk – an hourly rate really doesn’t answer your question.
We’ve come in behind bookkeepers at a third of the rate, taken four times as long, made heaps of errors, and ended up costing the client heaps – so cheapest isn’t necessarily the best
The easiest way we could give you a quote is to review your existing MYOB or Quickbooks file, and make an estimate based on your first year’s trading (not turnover, but number of transactions recorded)
We can have a chat, so that I can get a better idea of the amount of work involved in your bookkeeping, and therefore give you more of an idea of a budget for the bookkeeping in your Ormeau, Yatala or Beenleigh business
Our professional team of MYOB / Quickbooks experienced contract bookkeepers provide all aspects of bookkeeping at your premises or ours
For small businesses in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh, South East Queensland, contact our Beenleigh team of mobile book-keepers now
Whether you use MYOB / Quickbooks, or you need Software Training for your small business in and around Ormeau, Yatala, Coomera, Eagleby and Beenleigh, South East Queensland, Australia, we are here to help. Contact our Ormeau team of mobile book-keepers now Read more… »
Business Activity Statements
Quarterly Due Dates:
After reading our FREE report you'll STOP throwing money away on accounting fees
Here's 10 things that you can apply in your business IMMEDIATELY
Claim Your Free Report here
Subscribe