Is Your #Bookkeeper Reconciling Your Bank Statement?
When I was reviewing the accounts for a new client, I discovered was that the bank reconciliations had not been done since the business started using this new bookkeeper in October last year. The draft bank reconciliations showed me what you see here – that sales have been entered twice.
This means that this company has been paying GST on Sales they did not have!
Their Accountant would have picked it up when preparing the Company Tax Return (9 months later).
When changing financial staff it is important to check their competency.
We offer a FREE Financial Health Check. We will review your accounts and let you know any areas that need attention.
If your staff need software training (#Xero, #QBO and #MYOB) , we can customise a two hour training to suit your business needs.