Bookkeeper Incompetence - No Question About It!
The Little Leaks Sink The Ship - Whenever a disaster hits your company, like Bookkeeper Theft it gets your attention real fast and you tend to jump on it with both feet and fix it! However it is the little leaks caused by bookkeeper incompetence or even worse Bad Bookkeepers that will destroy you company.
The Top Ten Incompetent Bookkeeper Habits That Can Destroy Your Business:
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Not sending Invoices and Statements to your customers and clients
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Not collecting money your customers and clients in a timely fashion
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Fines and penalties when they fail to get tax reports filed on time
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Late fees, and interest charges from not paying the bills on time
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Not taking advantage of discounts from suppliers for paying by the 10th of the month
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Not tracking loans to employees properly and being sure the company is paid back
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Bookkeeper not having enough productive work to do so they stretch projects to fill time
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Not reconciling all Bank and credit card accounts every month looking for errors
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Not reconciling all vendor charge accounts every month looking for errors
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Not watching for phishing scams and bogus bills from non-existent companies called Re-Billers
Your Company Financial Health and Stability - Is directly related to the accuracy of your financial reports. We recommend hiring a Competent Bookkeeping Service and reviewing and understanding your Five Key Indicators every day.
QuickBooks Expert Specializing In Construction Bookkeeping Services
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor and QuickBooks For Contractors Expert. This combination of experience and skillsets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
