What is bookkeeping?

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper.

Why do I need bookkeepers?

For new businesses

The first 12 months is critical for any new business, with the majority of start up failures occurring within this initial 12 months. Most business owners generally have the skill set to run the operational side of their business, but lack the knowledge or skills to perform administrative tasks such as bookkeeping and managing their financials. It is critical that new businesses set up their accounting systems correctly from the outset in order to alleviate the stress and time burdens associated with poor systems. By engaging a good bookkeeper, new businesses can ensure they manage their cash flow, monitor their businesses health/performance and in turn make sound business decisions. They can also save costs by being able to complete their activity statements in a timely manner. Utilising a quality bookkeeper eases the stress of building a new business as it frees up business owners to focus on what they do best – the operational side of their business.

For existing business

The bane of most small and medium business owners’ existence is ensuring their financial records are in order. It can be a very time consuming process, which in itself is extremely costly. With limited hours in the working day, many small business owners get bogged down with tedious administrative tasks such as bookkeeping, which limits the time they can devote towards growing their business and driving their sales. Most small business owners do not have the required knowledge of legislation or good accounting systems, which leads to stress, a lack of compliance or inaccurate data.

Why choose us?

Minicapital is committed to building long-term relationships with our clients. Our clients are our priority – they appreciate the reliable, flexible and responsive approach we bring to our work. We use only modern technologies and methodologies, therefore we can offer our services by cost-effective and customer-friendly way. You can monitor all of your accounting activities online from any smart phone, tablet or computer via internet anywhere in the world. Your records will be updated on a regular basis, any reports of which you can view and print at your convenience any time any day. Our customers are not tied to a time or place, because all documents and reports run efficiently and easily via our Online-service.

 

 

 

 

Outsourcing your bookkeeping to us, you get the tools to success. We love bookkeeping so you don’t have to.