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DIY bookkeeping cops criticism

DIY bookkeeping cops criticism

One bookkeeping professional has hit back at recent messaging by software providers perpetuating that bookkeeping is “easy to do”, warning that clients might get caught out by increasing compliance requirements.

Bookkeeper Jotham Lian 13 September 2018

Speaking to The Bookkeeper, Laurus Bookkeeping director Cassandra Scott said she has seen recent marketing by software providers targeting clients by perpetuating that bookkeeping “can be done over a cup of coffee or on your smartphone”.

“One of the big things we’re seeing is clients trying to reduce fees on bookkeeping support services and often thats coming off the back of comments by software providers that it is easy and you can do it yourself,” said Ms Scott.

“Theres a perception out there or one that is starting to build among business owners that it is actually very easy to do their own bookkeeping, and yet... weve got the compliance environment which is becoming far more stringent — youre increasing the industries now covered by TPAR, youre looking at the STP regime, and it is becoming more and more complex for businesses.

“There is a real dichotomy there between the software providers saying it is easy, but the compliance drivers are saying it is actually getting more difficult.”

Ms Scott also flagged recent examples of payroll issues cropping up, including Lush’s $2 million payroll error, as an example of why bookkeeping should not be dismissed so lightly.

“There is a real mixed message going out there at the moment between the compliance authorities and the ATO and the Fair Work Ombudsman, and the message that is being pushed out to the client base through the software providers,” said Ms Scott.

“Businesses thinking it is very easy because the software providers tell them it is easy will be potentially caught out with those sort of compliance requirements.

“Its like somebody going around saying, ‘Heres a pair of scissors; it is really easy to use and you can now go out and cut somebodys hair now’.”

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DIY bookkeeping cops criticism
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