In an ideal world business owners would have the time and expertise to wear all the necessary hats in their business, completing all of the tasks required of them in the hours available to them... and complete them to a high standard.

The reality however, is that keeping up with industry trends and changes in legislation across all areas of your business can be an impossible task - this is where a bookkeeper can add real value to your business: 

- Organising and categorising your expenditure and documentation in a timely manner so that your financial records are current and relevant
   - especially important in today's economic climate if you are wanting to secure finance.  

- Determining what expenditure is a claimable business expense and applying their knowledge to ensure you benefit from all claimable     business expenses available to you (depreciation, entertainment rules, motor vehicles, use of home office allowances, travel etc)  

- Capitalising purchases when appropriate (for instance did you know that from the 17th March 2020 until the 16th March 2021 the limit
   has risen from $500 to $5,000?) and determining the correct Depreciation treatments and rates.  

- Advising on best practices to adopt with regards to managing your finances, assisting with budgets, reporting, cashflow forecasts, and tax   
  obligations.  

- Assisting with reducing debtor days, monitoring cashflow and working towards meeting the goals of your business plan. 

- Completing your GST, FBT, Financial Statements and Tax Returns in conjunction with your Accountant to ensure you meet your
   obligations under the Income Tax Act 2007 and its amendments.  

These are just some of the ways that a bookkeeper can assist you to meet your business goals and add value to your business. 

Having accurate financial reports and someone who understands them on your team enables you to make informed decisions about what is best for you and your business.