Business owners are in charge of a lot of things.
This is especially true for small business owners. Compared to owners of big businesses who have people at their beck and call, small business owners are a bit lonely in comparison!
However, here’s the good news: if you’re a small business owner, you can lighten your load by outsourcing your bookkeeping.
Getting someone else to do your books is a practical and cost-efficient alternative to DIY or in-house bookkeeping.
The only problem is that many small business owners are reluctant to relinquish control. Some might even hang onto beliefs that are flat-out wrong!
Here at Maximum Business Solutions, we don’t believe business owners should be held back by myths. Today, our Melbourne bookkeepers are busting some of the most common myths about outsourced bookkeeping!
Bookkeeping myth #1: Outsourcing means overseas
Don’t let the word “outsource” deceive you.
While many people automatically think of jobs going overseas whenever they hear this word, with outsourced bookkeeping, that’s not always the case!
When we say “outsource”, all it means is that you’ll be working with a third-party for your bookkeeping needs. Nowhere does it say your partner needs to be an overseas provider!
There are many professional bookkeeping services such Maximum Business Solutions based right here in Melbourne. All our bookkeeping services are done here in our Beaumaris office.
With us, you don’t have to worry about your books being sent offshore. You’re guaranteed to work with someone who:
- Understands Australian financial standards
- Has a deep understanding of both federal and state-level taxes
- Understands your market and provides advice about your options
Bookkeeping myth #2: outsourced bookkeeping is more dangerous
When it comes to outsourced bookkeeping, one of the fears that many business owners have is that their financial information and data aren’t safe.
Take it from us, though: we hold your data with the exact same level of protection and care that we take for all of our clients.
You can trust your Melbourne bookkeeper to keep your any financial related info about your business under lock and key.
Security measures have been put in place in our system to guarantee the safety of your information. Additionally, our bookkeeping experts understand the importance of keeping things confidential – it’s in our code of conduct, after all!
Bookkeeping myth #3: your bookkeeper can’t be trusted
It takes a certain level of trust to hand over your books to a third-party service provider.
With Maximum Business Solutions, you can be confident that your trust isn’t misplaced. As we mention above, your financial information is 100% safe with us.
Moreover, we won’t only fulfil all your bookkeeping requirements and needs, but we’ll also make sure that you and your business receive the highest level of customer service from us.
We’re always keeping you in-the-loop regarding:
- Your accounts
- Your cash flow
- Your bookkeeping processes
- Your options going forward
We try our best to offer completely above-board service by providing regular reports and are always within your accountant’s and your reach. That way, you can confidently place your trust in us without worry.
Bookkeeping myth #4: dealing with a third-party slows things down
Bookkeeping is a lot of work. Oftentimes, it’s a major time sink. That much is a given.
What’s not true however is the assumption many business owners hold about how working with an outside business slows things down.
Here’s the thing, though: a professional bookkeeper is simply much quicker at balancing your books – your Melbourne bookkeeper does this for a living, after all!
Few small businesses have the money to hire a dedicated in-house bookie. Many pass it off to another staff member, or the owner tries to tackle it themself.
Simply put, not all of us are qualified bookkeepers. Taking it in-house can mean learning on-the-fly, making and correcting mistakes.
All of these can add up, making DIY bookkeeping the slower option by far!
You may also want to check out this article about questions to ask your bookkeeper and why they matter.
Are you a small business owner looking for a bookkeeper in Melbourne to outsource your bookkeeping to?
Call Maximum Business Solutions today!
Many business owners completely brush off the option of outsourcing their bookkeeping. Oftentimes, it’s because one (or more) of these myths.
Fortunately, you know better now!
As a business owner, you need to find ways to maximise your business potential and growth. If you ask us, outsourcing your bookkeeping is one of the best ways to go about it.
If you are interested to learn how Maximum Business Solutions can help fulfil your bookkeeping needs, give us a call on (03) 9589 0128 or leave us a message and we’ll be in touch!