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By implementing these best practices, bookkeepers can help their clients achieve cleaner and more accurate financialrecords. If you’re looking for more tips with your virtualbookkeepingbusiness, check out my free VirtualBookkeeper’s Toolbox or visit the 5MB Academy to see all my free and paid resources.
Each Wednesday, Smitherman is delivered a complete, refreshed look at her company’s financial picture, allowing her to pay bills and distribute payroll. There is a level of trust that must be developed when outsourcing a core business functionality to an entity that is 1,300 miles away, as is the case for Smitherman.
Ask any successful entrepreneur what the most challenging part of running a business is, and they will more than likely mention accounting as one of their biggest challenges. Businessbookkeeping is much more complicated than simply balancing the checkbook each month and paying the bills on time.
She actually had about six QuickBooks files in which she shuffled transactions around so that the business owners never really had any clarity into what was going on with the books. We learned that she was photoshopping the bank statements and giving the accountants falsified bank statements as well as falsified financialrecords.
Each Wednesday, Smitherman is delivered a complete, refreshed look at her company’s financial picture, allowing her to pay bills and distribute payroll. There is a level of trust that must be developed when outsourcing a core business functionality to an entity that is 1,300 miles away, as is the case for Smitherman.
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