Bookkeeping Tips For Tradesmen

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Bookkeeping Tips For Tradesmen

Ask any tradie what holds them back in business, and often the answer will be paperwork.There is no better (or should we say worse) killer of time than having to sit at the kitchen table completing your Business Activity Statement (BAS) each quarter.

Aside from doing your BAS there are all the other painful jobs such as issuing and chasing invoices, reconciling bank statements and crunching the numbers.

As your business grows you might decide to outsource some or all of these tasks to a bookkeeper Melbourne.

Given that a typical bookkeeper Melbourne will charge a lower hourly rate than the average tradesman, it makes very good business sense to outsource your books and BAS.

So why do many tradies choose not to use a bookkeeper, but still complain about paperwork? We don’t know!

Why Consider Hiring A Bookkeeper Melbourne?

Let’s take a look at the pros and cons for a tradie using a bookkeeper.

Do-It-Yourself

  • Costs you nothing but time
  • Greater risk of making a mistake
  • Can take up many hours of your time

Use a Bookkeeper Melbourne

  • Costs anywhere from $80 per month upwards
  • Experience should lead to greater accuracy
  • Frees up your time to earn more on the job

There is another factor which is also worth considering, and that is the hands-on nature of managing your books on your own. By doing your own books and BAS you can get a clearer picture of how your money moves around.

Some people love this and some people hate it, so whether you see this as a pro or a con will depend on your own feelings.

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