Bookkeeping

If you’re like most business owners, you’d rather do almost anything other than your bookkeeping and accounting. You know you need to keep your records in an organized, timely and complete fashion. That’s the law. And if your books aren’t up-to-date, it’s hard to make the right decisions. But you’ve got so many other things to do and not enough time to do it all.

Bookkeepers

You didn’t go into business to spend hours trying to organise receipts, handle piles of paperwork or manage a confusing spreadsheet. Just like fixing a vehicle or preparing a will, bookkeeping and payroll need to be handled by professionals. Our team have the expertise to take this pain away from you. Andrews Datax will make sure your accounts are in good shape, your reports make sense and your business remains compliant.

Small businesses

All successful businesses owe some of their success, in part, to their foundation of accounting and bookkeeping. A startup or business in its early stages needs to get this setup right from the start. We help small business owners by getting them set up on an accounting platform. We’ll make sure you understand how to use it by providing ongoing support. If you’re wanting to do your own bookkeeping we’ll be there to guide you. Andrews Datax then comes in to prepare end of year tax work and financial statements. We also act as your own sounding board, to make sure you’re still on the right track.

Growing businesses

Is your business at a stage where you’re ready to hand over the bookkeeping? Maybe you’re too busy or you’re just sick and tired of doing the bookkeeping yourself. Andrews Datax can help. Outsourcing the bookkeeping function to us allows you to focus on what you do best – running your business! We’ll handle all the accounting, bookkeeping and tax which frees up your time and can even save you money.

Larger businesses

Our team also have the expertise to work with larger businesses who often have an internal bookkeeping and accounting department. We work closely with your existing team to deliver strategic advice, tax consulting, compliance and assistance to the internal accountant or bookkeeper.

Why bookkeeping and accounting are important

Keeping your books and accounts up to date has these benefits:

  • Helps you manage your cash flow
  • Saves taxes because all your expenses have been captured
  • Estimate your upcoming tax liability so you’re not surprised
  • See where your business has been and where it is now
  • Helps you make the right decisions for your business
  • Provides the information needed by banks and other lenders
  • Helps avoid problems in case of an audit by the tax authorities

If your books and records aren’t organized and complete, a government tax agency might not allow all your deductions. This could mean extra taxes due plus interest and penalties.