2plus2 Bookkeeping

We have our IT gurus updating our computer and email systems this afternoon.
I am still contactable by phone 0407 022 422, so please call if you need anything.
Thanks for your understanding...

The due date to submit worker service returns is 31 July. Avoid non-compliance penalties, and if you need a hand with completing your return, please give 2plus2 Bookkeeping a call TODAY.

TOP 3 MYTHS ABOUT BOOKKEEPING SERVICES
Bookkeeping is an extremely important aspect of any business. Despite this, there are so many myths surrounding what a bookkeeper does, and the real value they bring to a business. As well as this, they often get confused with accountants, who do a very different job. Because of these myths, many business owners miss out on the benefits of a bookkeeper.

So, we are going to bust 3 of those myths to help you make a more informed decision regarding bookkeeping:

1. Accounting software can do the bookkeeping for you...
This is one of the top misconceptions in the bookkeeping profession. Many business owners think that accounting software can do it all, and they don’t need to hire a bookkeeper or an accountant for their business. Used effectively, this software can be a very important and useful tool in managing a business and maximising the performance of a business. However, this software is a tool. Providing me with some great tools such as cordless drills, lathes and chisels does not make me a carpenter.

2. Only big businesses need bookkeepers...
Business size doesn’t matter when hiring a bookkeeper. No matter whether your business is small or large, businesses at every stage need bookkeeping services. Bookkeeping is important for the long-term growth of the business and helps you to make the right business decision based on your business books.

3. Bookkeeping is only needed during tax time...
Bookkeeping is not just meant to be done at the end of financial year. Your business requires accurate financial reports in situations like:
• Applying for a loan
• Making sound financial decisions
• Handling cash flow
Don’t see tax time as an excuse to work on your books just that single time during the year. Bookkeeping, when done on a regular basis, will be a source of invaluable financial reports that you can rely upon by managing your books correctly.

Conclusion
Bookkeeping is vital for most small businesses. Outsourcing massively reduces the time you will need to spend managing your business’s finances, so you can focus on pursuing opportunities to grow your business.
Call 2plus2 Bookkeeping today - we would love to chat and show you how outsourcing your bookkeeping can take away that stress and help your business grow.

MONDAY MOTIVATION…
Let’s get on top of those overdue invoices owed to you.
You’ve done the work, but have no payment !!
Unpaid invoices are an unpleasant fact of life for many small businesses - they create cashflow pressure and stress.
These unpaid invoices are REAL assets, so don’t give up on them - act quickly !!
Or, if you simply don’t have the time or resources to follow up on unpaid invoices, and feel uncomfortable about doing it, then give 2plus2 Bookkeeping a call. We can set up a communication and alert system, make those painful calls for you, and get your cash flowing back in.

Here are a few tips on how to chase overdue payments:
#1 Send statements – statements are a great way to prompt customers to pay up; they can see all their outstanding invoices at a glance. Make sure you offer convenient payment methods.
#2 Use auto reminders – automated courtesy reminders are a gentle nudge to see if an invoice has been overlooked, and are often enough to get the invoice paid. A word of advice though - make sure you have checked off all your bank transactions BEFORE sending reminders (no-one likes to get an email saying they haven’t paid, when in fact they already have!!)
#3 Pick up the phone – don’t beat around the bush with email reminder, after reminder, after reminder. Call and speak to your customer; find out directly why the payment hasn’t been made and how much they can pay today. Often a call is all that is necessary to get things resolved, and it can preserve customer relationships.
#4 Unfortunately, there may be some who don’t respond to all your attempts. The next steps are to send a formal Letter of Demand or consider using a Debt Collection Agency. There are rules and regulations around both of these options, and did you know you can actually face criminal penalties if you break consumer protection laws in trying to recover a debt?
#5 Don’t forget to always note your customer’s file with a contact log, and stick to your battle plan – polite persistence is the key.
Remember, if you’d much rather be doing anything else than chasing overdue invoices, let 2plus2 Bookkeeping help you get your hard-earned cash flowing back in – call us TODAY.