MYOB Bookkeeping Hazards
There’s a number of MYOB bookkeeping hazards that commonly occur when we come across new Mandurah bookkeeping clients.
Having an inaccurate set of bookkeeping records can create some challenges dow the track
As a result there’s some Mandurah small business owners that discovered their bookkeeping has become a nightmare for a number of reasons:
Any successful business owner will tell you that if you don’t have the skills or the passion to carry out certain tasks in your business, then you shouldn’t be doing them – One of these areas is the bookkeeping.
Quite simply some people seem to be “naturally gifted” with numbers, whereas others would rather crawl through the desert on broken glass than do their own bookwork
It’s totally unproductive to be getting frustrated and stressed out when you can outsource your bookeeping to a professional bookkeeper
An inexperienced bookkeeper can quickly become a liability in your business though making innocent errors, taking more time than is necessary, or simply not having the expertise
You can quickly come unstuck because a well-meanng friend or relative has offered to do your bookwork at “mates rates” or even for free.
Even some so-called “professional” bookkeepers just do not have the experience or expertise to be “let loose” on your accounts. They may be recently qualified and tell yo that there’s new legislation requiring bookkeepers to become registered BAS Agents before they can lodge your Business Activity Statements.
Before engaging a freelance bookkeeper ask them how many clients they have and how long they’ve been freelancing
MYOB software is not simply “plug-and-play” so that simply installing it into your computer will not mean you are ready to do your bookkeeping – you’ll need to enusre that the chart of accounts are correctly set up, and all the tax codes are correct for your specific business. Failure to do that can result in you paying the Australian Taxation Office (ATO) more than is necessary.
