Benefits of well-kept financial records

• Reliable financial information for decision-making
• Reliable financial information for ease of obtaining finance
• Ability to monitor spending and performance
• Ability to assess spending and performance against budget to measure the success of operations
• Potential to lower the cost of accountancy fees at tax time
• Accurate and easily accessable data for income tax returns, BAS and industry lodgements

Small businesses start modestly, handling multiple tasks on their own. But as their business grows, these responsibilities become burdensome and time-consuming, distracting them from their core strengths and passions.

One essential element is the imperative need for meticulous record keeping. Although it may seem monotonous and lacking excitement, maintaining accurate records is a legal obligation that offers numerous advantages. Having a skilled bookkeeper on your team can greatly assist you in meeting your legal record keeping obligations and ATO lodgement requirements.

In addition, a bookkeeper can provide valuable insights into the performance of your business. If you find yourself short on time or feeling overwhelmed by bookkeeping and administration tasks, outsourcing these responsibilities can alleviate your concerns and allow you to focus on generating new ideas and innovations.

YK Bookkeeping comprises a small group of committed bookkeepers, overseen by Yana Kalugina. Yana possesses a deep passion for aiding the success of small business clients as well as fostering creativity and accomplishments of those striving to achieve their aspirations. Yana's impressive academic background and diverse industry experience enable her to provide top-notch service that is customized to meet your specific requirements.