FAQ's
Q: I have chosen Offsite Bookkeeping Services. What documents do i need to send to The Bookkeeping Firm?
A: You must send us by post or email the following documents:
- Accounts payable invoices (phone bills, rent, utilities etc)
- Accounts receivable invoices (all client invoices)
- Expense receipts (fuel, stationery, staff amenities, staff incentives etc)
- Incoming and outgoing Payment remittance slips/advise (all debtor & creditor payments)
- Bank deposit slips (copy of your deposit book/slip is fine)
- Bank and credit card statements (or provide us with an online log on & password to access your companies statements only online)
- Payroll information (timesheets, sick/holiday hours used etc)
- Any new employee personal details (only if we are processing your payroll) such as TFN, address, DOB, superannuation membership details, bank account details, hours of work per pay period, pay rate (hourly/annual salary), employment terms (F/T, P/T, casual, contractor etc)
Q: What is the difference between on-site and off-site bookkeeping?
A: On-site bookkeepers are sent by The Bookkeeping Firm to the client's office and they then carry out the bookkeeping work there. In off-site bookkeeping services, the data is to be sent to The Bookkeeping Firm by email or post and then the bookkeeper will complete the records on the firm's premises.
Q: Which bookkeeping service would suit me best?
A: This can vary from one company to another depending on the size and needs of your business. The Bookkeeping Firm can provide you with a casual / part time / full time contract bookkeeper (on-site or off-site) on a temporary or ongoing basis. The Bookkeeping agreement (contract) can be modified to suit exactly what your business requires. Click here to contact us and find out exactly what we can do for you.
Q: Should I employ a full time bookkeeper or should I hire a contract bookkeeper?
A: Let's have a look at the differences in cost:
When employing a full time bookkeeper you can expect to pay a salary between $40 - $50k plus 9% superannuation for a competent employee.
You also have to consider the additional costs associated to employee entitlements such as sick leave, public holidays, annual leave and now community service leave .
You then have to add Workers Compensation Insurance costs and the cost of advertising the position itself.
Then on top of that there is all the hours you've spent reading resumes, replying to applications and carrying out interviews.
So all in all, once you add these expenses up, you can be expecting to pay around $12 - $15k on top of the employees initial salary!
When engaging the services of a Contract Bookkeeper through The Bookkeeping Firm you will immediately see the difference in cost to your business as there are no excessive salary costs, no superannuation, no annual leave, sick leave, public holiday costs or workers compensation and you don't have to spend $$$$$'s and a heap of your time on advertising and interviewing.
You only have to pay for the time they spend on your book's (minimum hours do apply).
This leaves you more time to maximise your business profits, instead of costing you time and money.
I know which one I'd be opting for!!
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