As soon as you start to think about starting your own business, a bookkeeper can help you take the next steps. We can discuss your options for accounting software, accounts payable and receivable requirements, payroll set up, compliance with BAS, PAYG and Superannuation, training, installation, ongoing data entry and reconciliations, reporting and make recommendations to accountants and other financial professionals.
Sure, and if you have a good understanding of double-entry bookkeeping and how each item you enter will effect other areas of the Profit & Loss and Balance Sheet, accounting software, Tax, Superannuation and STP requirements, then you'll probably do a really good job.
But if not quite sure of all those areas and you'd like to ensure that they are fully understood, worked in accordance with and all obligations are met, then you might like to seek the services of a professional bookkeeper and Registered BAS Agent to take support you.
I often say, "how long is a piece of string" when asked this question. Not to be evasive, I too prefer to plan and budget, but just to be honest. Over the 13 years I have been in private practice I have yet to encounter any two businesses that are run exactly the same.
In the interests of fairness, DJBK charges for time spent on your bookkeeping. Time spent depends on how many bank accounts the business has, how many staff, which specific tasks are undertaken by DJBK, availability of information required to complete data entry, and the list goes on.