Small business owners are famously resourceful. They try to wear ALL the hats, eventually to their detriment.  When it comes to bookkeeping and payroll, handling these tasks yourself will be costing far more than you realise.

Sure, it might feel like you’re saving money. But the truth is, DIY finance without accounting skills can lead to multiple errors, costly double handling, missed opportunites, wasted hours, and unnecessary tax — not to mention the stress.

Let’s break down the hidden cost of DIY finance — and how outsourcing your finance department can free up your time to work on your business AND save you so much money.

TIME IS MONEY (AND – You’re Wasting It)

Think about how many hours you spend on bookkeeping and payroll processing, as well as the admin that goes along with it.

It adds up. Even if it’s 5 hours a week, that’s 260 hours a year.  Say your time is worth $100/hour –  that’s $26,000 of your time tied up in processing (usually incorrectly) and admin.

Now imagine redirecting that time into sales, client facing, and growth. That’s the real opportunity cost here.

THE HIDDEN RISKS:  Errors, Omissions & Tax Trouble

When finance isn’t your area of genius, errors occur:

• Incorrect coding
• Inaccurate payroll calculations
• Missed deductions
• Unreconciled accounts
• Late lodgements

These can lead to:

• ATO penalties
• Underpaid (and unhappy) staff
• Paying more tax than necessary
• Cash flow problems from poor reporting
• Uninformed business decisions that can set you back years

We see these issues daily — often when it’s already caused damage to the business.

THE EMOTIONAL TOLL:  Stress, Uncertainty, Panic

EOFY shouldn’t feel like crisis mode. But for many DIY business owners, it does.

• You’re unsure what you owe
• Your debtors remain unpaid
• You’re behind on lodgements
• You don’t trust your numbers

This creates anxiety, avoidance, and ultimately, unwise decisions.

A professional finance team brings structure, calm, and confidence — each and every week.

OUTSOURCED FINANCE DEPARTMENT:  What Do We Actually Do?

At Minnik, we don’t just “do the books.” We run your entire finance function from the ground up:

• Bookkeeping (weekly)
• Payroll & super
• BAS & IAS
• Tax returns
• Tax planning & strategy
• Financial reporting
• Business advisory
• Budgeting & forecasting
• Cash flow management

You get access to a qualified and experienced finance team who knows your business, your goals, and your numbers — without the cost of hiring less than qualified staff internally.

EOFY OFFER:  Book Your Free Consult

We’re offering a limited number of free EOFY consults for small business owners — a 1-2 hour online session together where we will:

• Review your financials
• Identify risks, errors, and issues holding your business back
• Recommend corrections and improvements
• Provide hot tips and tricks to implement in the lead up to financial year end

Perfect if you’re not sure where you stand before 30 June.

📆 Book Your Free Consult

📞 02 9056 3344
📧 support@minnik.com.au
🌐 minnik.com.au