Where accounting makes "cents"

Firing an employee, including an office administrator or bookkeeper, is a delicate and legally sensitive process. It's important for a company owner to handle this situation with professionalism, empathy, and adherence to relevant laws and regulations. 𝐄𝐯𝐞𝐧 𝐢𝐟 𝐲𝐨𝐮'𝐫𝐞 𝐚 𝐬𝐦𝐚𝐥𝐥 𝐜𝐨𝐦𝐩𝐚𝐧𝐲, 𝐮𝐬𝐢𝐧𝐠 𝐀𝐈 𝐜𝐚𝐧 𝐚𝐬𝐬𝐢𝐬𝐭 𝐲𝐨𝐮 𝐰𝐢𝐭𝐡 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚𝐧 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐜𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭. From an outsourced accounting consultant, the areas of importance to me are: 1. Remove physical access - Badges / Keys 2. Remove Digital Access - Email / Network / Cloud / CRM / QuickBooks / Shared Drives 3. Third Party Accounts - Banks / Credit Cards / Payment Processor / Vendor Portals / Payroll 4. Client Database - Prevent Confidentiality Breaches 5. Vendor Notification - Inform vendors of the change Often times business owners don't even know what the bookkeeper has access to and what the credentials are; It is important to have quarte...

As we kick off a new year, many business owners are evaluating their financial processes and seeking fresh accounting support. This is the time of the year when business owners reach out because after preparing their taxes, their tax professional informs them of issues with their financial statements. 1. Year-End Closing: With the previous year's books closed out, it's a natural transition point to start anew with a different bookkeeper who can implement improved processes. 2. Tax Preparation: Businesses need accurate financial records to file tax returns. Ensuring reliable bookkeeping is in place early sets the stage for smooth tax filing. 3. New Fiscal Year: The new year marks a clean slate for financial recordkeeping. Onboarding a new bookkeeper allows for consistency from day one. 4. Changing Needs: As companies grow and evolve, their bookkeeping requirements may change. The new year prompts a reassessment of accounting needs. 5. Staff Changes: Employee turnover sometimes n...