Bookkeeping for a small business is, thankfully, a lot less complex than bookkeeping for a large business or company. Often, the bookkeeping duties are performed by the business owner or office manager, who requires no official bookkeeping training.

The key to business success often lies in the bookkeeping setup and structure. So, it’s vital to get your bookkeeping done right from the get-go.

The best way to achieve this is to align your business with a bookkeeping company that offers bookkeeping services and advice. It may be a one-time consultation to get your business up and running, or it may be an ongoing partnership – where you hand over your bookkeeping duties to a professional bookkeeper.

Don’t underestimate the importance of bookkeeping, and the scope of your bookkeeping duties. There are daily, weekly, monthly, quarterly and annual bookkeeping tasks that need to be conducted to ensure your business stays compliment and on top of its BAS obligations. Moreover, having up-to-date books will make your business easier to sell in the future.