According to statistics small businesses in New Zealand contribute a huge $60 billion to the country’s economy every year. If you are a small business owner yourself, you’ll know the importance of keeping accurate accounts to track the income & expenditure of your business. However, if you have limited resources and a small pool of staff you might not have the time available to dedicate to your finances. Enlisting the services of an accountant in Wellington will minimise the risks that are involved with mismanaged accounting practices and will save you money, time and hassle. Here’s why.
1. Save money
Outsourcing your accounting to a third-party company might seem daunting, especially if you have built your business from the ground up and kept everything in-house. However, delegating accounting duties elsewhere could save you money in the long run, especially as you won’t need to hire and train a full-time member of staff to handle your finances for you.
What’s more, you won’t have to rely on your existing staff to manage your accounts if they have other important business duties that are required for the upkeep of your business. A third-party accounting team can tailor a solution based on the needs of your company, saving you a great deal of money in the process.
2. Save time
There are likely a million-and-one things that you need to be getting on with if you own your own company. Outsourcing your accounts can free up time and allow you to focus on other areas of your business which might need attention, such as marketing, sales, customer service or business expansion. You don’t have to outsource all of your accounting work if you don’t want to and many accountants in Wellington will customise their services based on your circumstances.
3. More accurate book-keeping
Third-party companies specialise in accounting and bookkeeping so numbers, figures and stats come naturally to them. You can expect the highest quality work if you choose the right accounting company in Wellington – especially as they will be able to forecast financial trends, review your finances, file important documents like your tax return and use computer programmes like MYOB software to manage the finances of your Wellington business.
4. It’s easy
Some businesses think that transferring their accounts to a third party is a long and laborious process but this couldn’t be further from the truth. However, you will need to choose an accountants in Wellington that places an emphasis on security, especially when sending important and sensitive documents. You should always choose an accounting company that you can trust and one that has a good reputation when it comes to customer service.
Looking for an accounting team that can help lighten the financial load? Provide you with expert advice, guidance and solutions that you can count on? Count On Us are Wellington accountants that specialise in a wide range of services for your small business. Contact them today on www.countonus.co.nz to find out more.
Contact our friendly team at Count On Us to make a booking!