Bookkeeping is to book each and every transaction of business. If something is going out of business, there will be something coming too, with same worth. We are buying, we are selling, we are paying for expenditures, we are earning against services---simple rule of a balance, written above, something going and something coming of same worth. The Benefits of Bookkeeping Systemized entry of every transaction Errors can easily be detected and removed Helpful for fraudulent activities
Bookkeeping is called an old way of recording business transactions in this age of ERP software, where accounting Packages are available which help against maintaining huge paperwork and store keeping, difficult to search for desired records. Businesses also using MS Excel for the same purpose which lowers the burden of manual record keeping but there still, bills/receipts are required to be kept in records.
For businesses with abundant of daily transactions, bookkeeping can be called difficult but for small businesses, bookkeeping is very effective and helpful method of recording transactions.
How hard is Bookkeeping?
This sentence seems to be given by some employee. The employer, especially of small business owner, likes bookkeeping and the benefits are same as written above. At the same time, employee thinks this, a bizarre and old way of working when modern methods of accounting, software are available in the market. Employee’s workload gets lower. The sentence(heading) covers this reason and maybe some others too, which may be, it's difficult to detect errors and frauds in the modern way of accounting as compare to Bookkeeping.
Another meaning of the same sentence comes from the Marketing point of view. In telling the prospect, ‘How Hard is Bookkeeping/Maintaining Books of Accounts?’ This is a work of some professional having knowledge and experience in this field. Online Bookkeeping Services in London may also need the same sentence to convince prospects. Giving your financial portion of the business is a systemic way of recording. Especially to a small business with daily transactions, bookkeeping is their need.
A small business owner usually thinks he/she can do this work by him/herself. What is the difficulty in entering daily transactions in a book and to safely put bills/receipts? Small business owners have small budgets and also not such an open mind and hand to spend on their daily business working.
The way of working of a Professional Bookkeeper will obviously be better and professional as he/she is expert in his/her work. Driving a car is not difficult but driving a car like a full-time driver, will be difficult. A business owner’s mind needs to be diversifying, thinking about each and everything relates to business and he/she cannot be the best professional for bookkeeping. If you will spend the whole time in recording books and piling bills then who will run the business?
The wrapping up of the topic, how hard is bookkeeping looking from the eyes of employees who don't like bookkeeping for extra burden of work and some other points written above. And the other meaning is, targeting small business owners and trying to convince them. Bookkeeping is not only beneficial for you, for your business but also, gives your business a systemic recording of all transactions by allowing our professionals to do this work for you, professionally. We can provide online bookkeeping services for your business and our working will be in a work-friendly atmosphere.
