Sometimes we get so overloaded with the day to day operations of our businesses that we forget about how important it is to have someone creditable keeping our books. One of the things my new clients seem to always say to me when I ask them “well why did your former bookkeeper do…..” and 9 times out of 10 they answer with: I’m not sure I just thought I’d better not question it. Nothing could hurt you more than not asking questions.
I encourage my clients to ask me questions and poll my knowledge. If I don’t know the answer immediately I will find the answer.
One of the most common things I see is not having your bank statement and/or credit card statements reconciled at the end of each month. There is absolutely no reason not to do this. Not only does it give you accurate financials but it keeps your books clean so there is no guessing game.
If your bookkeeping is making large or numerous general ledger entries you should also question their reasoning behind the entries or what they are for. If your books are being balanced each month you should have very little journal entries.
If you would like to find out more please feel free to contact me for more information.
Lauree Adams, Owner
Adams Business Solutions, Inc