Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









How Can A Bookkeeper Fix Leaking Pipes

Written by: John Stewart

Article Overview: When you have a leaking pipe, you call a plumber. So Why not call a bookkeeper when you've got a problem with your cashflow? As Business Owners / operators you need to keep a handle on your finances to keep your business running. In order to do that you need to ensure that your bookkeeping is kept upto date, is accurate and you can readily access relevant reports.

Free Download - Bookkeeping: When Small Problems Become Big Headaches By John Stewart
Name: Email:

How Can A Bookkeeper Fix Leaking Pipes

When you engage a bookkeeper, you are paying for a solution to your problem. That doesn’t necessarily mean that you need (or want) a bookkeeper - you just want the book-keeping work done. So how does that relate to leaking pipes?

Recently we discovered a leak in our mains water supply - we had been paying for water that we hadn’t been using, and were totally unaware of the leak until some landscaping work was being carried out in the front yard.

So we called a plumber who was more than happy to attend to this problem. Guess what? We didn’t want a plumber, what we wanted was a solution to our problem of leaking pipes, because we didn’t know how to fix the problem ourselves.

When you engage a bookkeeper, you are paying for a solution to your problem - you are paying for skills, knowledge and expertise.

Five minutes work and $160 later, we no longer had a leaking pipe!

The next time we had a leaking pipe, guess what? We didn’t call out the plumber, we just went down to the local hardware store and purchased similar accessories that the plumber used to fix the first leak, and fifteen minutes later the job was fixed for around $25 dollars (plus our time)

When you employ a bookkeeper (whether full-time, part-time or as a subcontractor), you are paying for their expertise as well as their skills, just as we paid for the plumber's knowledge and we learned from watching him.

You can watch and learn from your bookkeeper. You can even get your bookkeeper to teach you the necessary skills to do the bookwork, if that's what you want. Or you can decide to focus on what you do best in your business and let the bookkeeper do the rest in keeping track of your finances.

Yes, but my accountant does all that! - Really? Think about it. More often than not, you do not get to see your acountant until the end of the financial year, by which time it may be too late. As Business Owners / operators you need to keep a handle on your finances to keep your business running. In order to do that you need to ensure that your bookkeeping is kept upto date, is accurate and you can readily access relevant reports.

Related Articles
  Want to Check up on Your Bookkeeper?
  10 Benefits of a Cheap Bookkeeper
  Do Cheap Bookkeepers Save Money?
  Where Entrepreneurs Should Invest their Money First
  How to Interview and Hire a Bookkeeper for Your Small or Home Business

Home > Accounting > John Stewart > How Can A Bookkeeper Fix Leaking Pipes
Article Tags: accountant, acountant, bookkeeper, bookwork, business owners, fifteen minutes, five minutes, front yard, full time, hardware store, job, leaking pipes, mains water, necessary skills, plumber, subcontractor, time part time, water supply

About the Author: John Stewart
RSS for John's articles - Visit John's website

Why Are You Wasting Money On Bookkeeping Fees? Download our Free report HERE John Stewart has been helping small business owners keep track of their finances for a number of years. As manager of a bookkeeping business, John understands that smart business owners keep their finger on the pulse of their business - cash. Your accountant normally sees figures that are over twelve months old Bookkeeping should be an essential investment in your business. For more articles about bookkeeping see his website www.Bookkeepingteam.Com.au

Click here to visit John's website
Dashed Line

More from John Stewart
Want to Check up on Your Bookkeeper
Bookkeeping and Home Remodelling
How a Bookkeeper Can Help Your Cash Flow
How Much Is A Three Dollar Customer Worth
Why Outsource Bookkeeping


Related Forum Posts
Outsourcing Increased My Productivitiy By 200% Outsourcing Increased My Productivitiy By 200% - Recently I’ve been testing some new ideas with “outsourcing” for Internet Business Path and from what I can gather, it’s been able to increase my productivity by at least 200%. What I did before outsourcing work to people was to create a mindmap of what the business needed in order to grow and continue to run without my input. Below is the mindmap of my businesses in it’s simplest form: IBP Mindmap If want to create one, a really good software to use is FreeMind. It’s very easy to learn and very powerful for any business because it allows a business owner to laid down their ideas in a logical path. Since applying a mindmap to my business I’ve been able to design the system to increase my productivity by 200%. How Do I Outsource If I Don’t Have The Money? Firstly let me say, if you don’t have the money to afford $3 - $5US an hour to pay someone to handle your tasks that needs to be done repetitively, then you shouldn’t be in business. Okay, I’ll be fair and tell you this: I had the mindset previously to do everything myself because it was always about not having enough money. I know how you feel when you first start running an Internet business or is still a one man show, but it’s having the courage to step out of your comfort zone and learn to delegate tasks to other people to do. It’s not going to be perfect at the beginning, but with a little training, some trial and error and time you will be able to leverage your time and increase your productivity. Outsourcing Administrative Tasks An example that I’ve been able to outsource for $3 US an hour is the ability to get my virtual assistant to check and reply to customer service emails every second working day. Provided that I have given the guidelines and information for how to respond, I have eliminated at least 10 hours a week of my time that I used to spend replying and following up emails. When you think about it, it only costs me around $30 US for a virtual assistant to free up 10 hours of my week. Isn’t that worth the trade off when my time is worth $500 per hour? There are many other examples I could give you on how to outsource your work, you can read more of it in my Internet Business Blueprint report. A Web Developer Will Solve All Your Website Issues If you’ve read my business timeline, you would know that I graduated with a Computer Science degree from UNSW. Even with a degree in Computing Science I’m still not a good programmer and I choose not to be. I would rather leave the technical issues for a web developer that I can hire on an ongoing basis and pay them to work on my projects. It would take them a couple of hours to do something that would take me all week. Hence the websites I design and this blog you are reading has been designed by a web developer I hire and I simply project manage the process to achieve a great result for my clients. A Bookkeeper Will Keep The Tax Office Happy If you’re like me and hate seeing piles of invoices and accounts unreconciled, then I know you would hate book keeping. It’s a crucial part of your Internet business and without it there’s no way to measure how well your business finances are doing. There are systems that allow you to keep track of your business online, but not all of them are compatible with the tax laws within your country. Therefore I still purchase accounting software that is meeting Australian standards, such as MYOB Accounting. I hire a book keeper to help make sure my accounts are up to date and to generate reports to show me the financial health of the business. I hire a book keeper on a monthly basis where I can have all my paper work batched and she will enter the information at one time. She makes sure that my books are up to date and tax is paid on time and I don’t get calls from the tax office. She would save at least 20 hours + a month of book keeping that I would have had to do myself, all for the cost of a dinner with my partner. I’m Still The Writer And Internet Marketer I love writing and expressing my ideas on Internet Business Path and will continue to do so for a very long time. I found that it’s a great way to communicate with people from all over the world and I love receiving feedback and comments. I do this because I’m passionate about Internet business and if you know me I usually share my ideas with my friends and family most of the time. I could outsource the writing to a ghostwriter quite easily and let someone else do the marketing, though I have learnt that these are my strengths and communicating and promoting my business is my passion. Tyrone Shum Outsourcer


Recommended Article for You close

  Want to Check up on Your Bookkeeper?

Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

LISTENING SKILLS IN COACHING

Track Your Time for Increased Productivity

The five pillars of internet marketing strategy

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.