Running a trade or service business means wearing all the hats: you’re quoting, on the tools, chasing clients, and somehow doing bookkeeping too.
But here’s the kicker: doing your own books could be costing you more than you think.
Here are 5 signs it’s time to hire a bookkeeper and focus on your trade:
Your books are always “a bit behind”.
If you keep saying, “I’ll do it this arvo”, but the numbers keep piling up, it’s a red flag. And the longer your books stay unsorted, the messier they get.
Late invoices, unmatched expenses, and missing receipts make tax time stressful and can lead to missed deductions or ATO fines.
You’re spending nights doing admin instead of with family or friends.
Your evenings should be for chilling out, not sorting out those bills from Bunnings.
If you’re stuck in front of Xero after a full day on site, it’s time to remind yourself why you started a business in the first place.
You’re not sure where your cash is going.
Do you know your profit on each job? Or if your cash flow can handle a quiet month?
If not, hiring a pro will help you make sense of your numbers so you’re not flying blind.
Tax time feels like a nightmare.
If June comes around and you’re scrambling to find receipts or you’re stressing about BAS lodgements, it’s a sign your books aren’t as clean as they need to be.
With a good bookkeeper, you can stay ATO-ready all year, so tax time’s no drama.
Your competitors are growing faster than a rat up a drainpipe.
Wondering how your competitors are landing jobs left and right when your business isn’t growing as fast as you’d like?
It’s probably because they’re not doing everything themselves. When you let someone else do the bookkeeping for you, you can free up so much time to focus on things that bring in the money.
As a business owner, your time is worth more than the hours spent stressing over numbers. And your personal time? Even more important.
When you hire a bookkeeper, you’re making a smart investment in your business and your life.
I assure you, once you try it, you’ll wonder why you didn’t do it sooner.
Cheers,
Val
P.S. Want to free up your time for more important things? Let’s have a chat about how I can help.