A Good Bookkeeper Will Save You Money

oprah signing her own business cheques

Oprah claims she still signs her own cheques; well the ones over $100,000 anyway.

Oprah Winfrey still signs her own cheques — at least the ones over $100,000 anyway. “I think it keeps you grounded and aware of what’s coming in and going out,” she told the Wall Street Journal earlier this year. “I sit in on the boring tax meetings; I handle the money wiring.”

As far as business advice goes, it’s pretty good.

Many business owners make one of two mistakes: They spend too much of their time doing work, such as bookkeeping and filing activity statements, when they should be doing work that generates revenue; or they outsource everything to other people, and have no idea what’s happening in their business at all.


You only have to pay *enough* attention

To run a successful business, the challenge is to cede just enough control to your bookkeeper and financial advisors, while still retaining enough to know what’s happening — how much money you’re spending, and on what.

Regardless of whether you use a junior bookkeeper, BAS agent, accountant, or all three, you should be paying enough attention that you’ll pick up on errors, become aware of the areas you’re spending too much money, or the areas that you’re overpaying for; so you can make the appropriate changes.


Cloud-accounting training

This means working closely with your bookkeeper to stay on top of things. All businesses need a bookkeeper, but not all businesses have a good one. And a good bookkeeper is a must.

So what makes a good bookkeeper? A good bookkeeper is transparent about their services and willing to share their knowledge with you. This might be emotionally intelligent observations about ways you might improve your cashflow, for example.  They’ll show you how to perform certain tasks that won’t inhibit your productivity, but will ensure you’re still keeping an eye on how your business is performing “under the hood.”

They’ll teach you how to use their services in combination with technology to run your business efficiently, and save you money. It’s your version of Oprah signing her own cheques.


Consider One-to-One Bookkeeping Training

One-to-one training is great because you can ask as many questions as you want and work out specific issues in your business. It’s a great option too when combined with online training courses. Find out more about our cost-effective one-to-one training options with National Bookkeeping.

 Why Combine One-to-One Training with a Training Course?

Tracey-ONeill-Xero-Certified-BAS-Agent-Bookkeeper-for-bookeeping-training-and-consultingI’ve been a Bookkeeper for more than 20 years and find more and more business owners are asking for training because today’s bookkeeping tasks aren’t quite as easy as the software companies make out. Learning how to use bookkeeping software one-to-one combined with an online course is a great way to learn because, as a trainer, I cover all the topics my clients need in a logical order which follows the flow of the course and which will also help them in their daily operations, but clients can also learn what they need to specific to their own situation.”

— Tracey O’Neill, Registered BAS Agent and Bookkeeper, QuickBooks Pro Advisor