Fremantle Bookkeeping Services

While some business owners believe they can save money on bookkeeping by doing it themselves, or employing inexpereinced staff, they often fail to understand that bad bookeeping can destroy your Fremantle business

We’ve seen some terrible mistakes made by people who try to do their own books, or someone who’s not that proficient. There was a situation recently where a large retail chain collapsed after their bookkeeper helped herself to around $20million !! Wouldn’t you notice that sort of money missing?

Fortunately the company recovered most of the funds, though their cashflow was totally destroyed, they had over capitalised, and the missing $20million was just a further factor that led to their downfall.

Maybe the problem was more with the bookkeeper than the bookkeeping. Well, yes and no. What were the financial controllers and accountants doing when reviewing the figures?

On a smaller scale, bad bookkeeping can be like dining at a one of Fremantle’s finest restaurants, having a wonderful meal and waking up the next day with food poisoning. It’s not until the damage is done, that you discover the food poisoning.

We often come across business owners doing their own bookwork, or saving money by using “cheap” or inexperienced bookkeepers that may be family friends or relatives wanting to “do the right thing”. It’s not until we check the bookkeeping that we find some horrendous (but quite simple) errors that have occurred that can totally affect the cash flow of a small busines

When’s the last time you’ve had health check in the bookkeeping of your business? Contact us NOW for details