If you are a small business owner, then you know that keeping track of financial reports, accounting software and accounts payable and receivable can be a huge task. If you are looking for an easier way, then you need one of the best bookkeepers in Canberra.
Bookkeeping services can range from managing accounts payable, to making important business purchases, handling payroll and much more. You may be wondering what the difference is between an accountant and a bookkeeper. The short answer is that bookkeeping involves the recording of data and financial information while accounting involves analyzing, classifying and interpreting this data.
You may already have an accountant but find that you need more assistance with managing the day-to-day record keeping and finances. That’s where the best bookkeepers in Canberra can help!
Skip to the list of Canberra's best bookkeepers
- AdvisorCorp
- Aero Group
- Figures Matter
- PAQ Group
- RSM Australia
- Vivid Chartered Accountants
How much does bookkeeping cost in Canberra?
Bookkeepers in Canberra can vary in price, depending on whether you are looking for just data entry, or also accounting application. A job that only involves data entry and record keeping will generally cost less than jobs that include more accounting tasks such as balancing books. As a rough guide, you can look to pay somewhere between $30 to $50 per hour, depending on the services and experience that the bookkeeper offers.
You can also discuss with potential bookkeepers whether you will need ongoing regular services with them, or whether you only require small or one-off jobs. If you are a small business that is just launching, often bookkeepers will be able to offer start-up packages to help get your business off the ground.
What to look for in a good bookkeeper?
With something as important as the financial records in your business, you want to ensure that the bookkeeper that you work with is the right one for the job. If you are discussing work with a bookkeeper, here are some things that you may want to ask them about before agreeing to work with them:
- Trust and ethics: Your financial records are private and sensitive, and you want to trust the bookkeeper that will be working with them. A lot of trust can be developed by the bookkeepers experience and reputation, but it will also depend on how they conduct themselves with you and your business. For example, a bookkeeper shouldn’t need to access your bank account to complete their work.
- Technical knowledge: There are many different options out there for online accounting software and a bookkeeper can create automated and efficient systems for you and your financial records, if they have sound technical knowledge and experience with those different software options. By spending a bit of time setting up online bookkeeping systems, you can save a huge amount of time in the future - and time is money!
- Communication and questions: The most effective bookkeepers know what questions to ask and what information to seek out to increase your business performance and growth. They will also be able to share information and strategies with you to improve efficiencies and increase your budgeting and cash-saving.
If you are looking for other great businesses in Canberra, check out some of our other articles on Canberra’s best insurance brokers, Canberra’s best business advisors, Canberra’s best tax accountants and Canberra’s best financial planners.
The best bookkeepers in Canberra 2024
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When looking for a bookkeeper in the Canberra region, check out our list of the best local businesses below.
AdvisorCorp
AdvisorCorp use a team of qualified accountants and bookkeepers and mortgage brokers to provide comprehensive accounting, taxation and financial services to individuals and businesses.
They pride themselves on offering value-based services in Canberra and the surrounding region to clients that are provided with specific advice to meet their needs.
Aero Group
Aero Group believe in getting to know what makes you and your business tick so they can better assist in achieving your goals and aspirations.
They have a qualified team that takes an interest in you financial journey and can help improve cash flow, increase profitability, protect assets and minimise how much tax you legally need to pay.
Figures Matter
Figures Matter have been running successfully for over eight year and are now servicing clients in Canberra, Sydney Brisbane and WA.
Their highly skilled team have a combined 50 years of experience in the finance industry and can help you get your business back on track.
They understand every business is unique so you can do as little or as much as you need.
RSM Australia
RSM’s team of Canberra-based professionals have offered a full suit of corporate and advisory services to local individuals, business owners and organisations for over 30 years.
Not only do they have incredible local knowledge, but they can also draw on their global network to help enhance your business, reduce costs and find efficiencies.
Vivid Chartered Accountants
Vivid Chartered Accountants is a local Canberra based business established in 2015 that offer a range of services to help with your bookkeeping needs.
Their extensive technical knowledge allows them to come up with innovative solutions and they also offer flexible pricing options that are sure to meet your needs.
PAQ Group
Over the course of two years in business, PAQ Group have already made a name for themselves by helping businesses save thousands of hours in time.
They have a team of highly qualified individuals mixed with great systems that allow them to help you reach your business goals. PAQ Group also offer customisable packages that suit your exact needs, so you only pay for what you need.
Frequently Asked Questions
What does a bookkeeper do?
Bookkeepers are responsible for a range of financial services at a company, including making important business purchases, handling payroll and looking after accounts payable and receivable.
What is the difference between a bookkeeper and an accountant?
Some people think that a bookkeeper and an accountant do the same job, but there are differences. A bookkeeper is responsible for more of the day-to-day financial transactions, while an accountant provides advice at a higher level such as tax planning and structuring finances.
Why should I hire a bookkeeper?
Many businesses are great at what they do but perhaps managing their books may prove a difficult task. Bookkeepers are a great way of outsourcing time consuming work that will allow you to focus on what you do best.
Why is bookkeeping important for businesses?
Bookkeeping is crucial for businesses as it helps them track their financial health, make informed decisions, and meet legal requirements. Accurate and organised financial records allow businesses to monitor their income, expenses, and cash flow, identify areas for cost savings, prepare tax filings, and provide financial information to stakeholders, such as investors or lenders.
Can a bookkeeper assist with payroll processing?
Yes, many bookkeepers handle payroll processing for businesses. They calculate employee wages, deductions, and withholdings, prepare pay stubs, and ensure that payroll taxes are accurately calculated and paid.
