When thinking about Sole Traders and Franchise Bookkeeping Services
THE SOLE TRADER
Unfortunately, bookkeeping in Australia is a highly unregulated business. There are lots of individuals out there calling themselves bookkeepers who really don’t have the skills or experience to properly service your business. Sure they are usually quite cheap, but if they take tool long to deliver your service or don’t do it properly, then they can really cost you huge amounts in terms of both time and money. The problem is that even though you may think they are doing a good job, you may not find out if there’s a problem for many months at which time it may be all too late.
The other problem with hiring the small sole-trader is that if their situation changes, or they become ill, then they just won’t be able to do your work for you. That will leave you in a real hole. Avoid hiring fly-by-night operators that have set up with little or no qualifications or expertise by choosing a professional bookkeeping firm who is focused on your market. Total Books will remove any risks by providing you with properly experienced and qualified bookkeeping staff to suit your needs.
FRANCHISED BOOKKEEPERS
Franchised Bookkeeping firms are large businesses with high overheads who are primarily focused on their own profit and margins. Unfortunately, they’re not always focused on the customer and are often not even members of any professional body.
In order to reduce their operational costs they may employ less experienced or less qualified staff and therefore deliver much less value for your spend. Often, even though the franchise banner may boast qualifications and experience, the individual franchise owner and business that you may be dealing with may have little or no experience and even less flexibility to tailor their services effectively to suit your business. It’s important that you choose a bookkeeping service that is completely focused on clients, and can guarantee that all their staff are experienced and appropriately qualified to properly deliver on your needs. It’s also important that they are flexible enough to fit their service around what you want, not what they need.
Contact Total Books today to discuss how their services can be tailored to suit your specific bookkeeping needs.