By Natalie - August 9, 2021
Categories: General

How you start is just as important as how you manage your daily responsibilities. That’s why whenever I start working with a new client, we do an accounting software review. Doing the review helps us understand your business and your needs. But what exactly is an accounting software review?

An Accounting Software Review is an in-depth analysis of your accounting systems, processes, and the organization of your accounts. There are three main steps to the review process.

See Status

First, we will review and analyze all your past and current financial data to find any inconsistencies, errors, and the overall state of your accounting systems. Errors in your accounting will compound problems. It’s always easier and less expensive to do it right the first time than it is to fix the errors when you feel the pressure of an audit or financial hardship.

We will review your transaction records, your organization of your books, how you classify expenses, and the way you manage finances to determine what needs to be brought into compliance with good bookkeeping practices and tax reporting standards.

Find issues

Second, we will identify mistakes and areas for improvement so we can fix them. Keeping the appropriate accounting standards will enable your business to run efficiently and properly. You will not only be able to be confident in the accuracy of your accounts, but you will also be able to prove that your accounting is accurate.

We aren’t just good with identifying errors. We know how to fix them. Once your books are organized and optimized to be managed efficiently, you will be ready to take your business to the next level.

Develop a Plan

Third and finally, we will draft a report that identifies your weak areas and prepares you to take the steps you need to reach your financial goals.This report will lay a good foundation for you to make the changes you need, whether that is with us or not. If you do decide to keep working with us, we will take that report and build a detailed plan of action that includes the processes and standards that will keep your accounting on track.

Get Your Accounting Software Review

If you are ready to take control of your business and manage the financial responsibilities like the business owner you are, we are here to help. Yes, bookkeeping is boring and difficult. But you don’t have to do it alone. As a good business owner, you know to use the resources at your disposal to make your job easier. Let us be that resource for you.

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