Bookkeeping is the basis of accounting, it provides us with data to prepare your financial statements and for analysis.
It is important to highlight that the way transactions are recorded is crucial because done the right way, it can give us insights on the overall health of your business.
I work on your books not only to report back to your tax accountant, do your BAS (if applicable) and tick the compliance box or just to track your income and expenses, I project the numbers based on your marketing and business strategy, and run different possible scenarios to make sure the business is profitable.
I start from the bottom line up, from the money you want to earn, money that is worth your while and build from there.
We then track the results and compare them with the projections, provide answers for the differences and correct what need to be corrected and possibly scale what is working well.
Numbers can help us predict the business future, doing analysis helps us make sure that the future looks good and profitable.