Bookkeeping Accountability

๐Ÿงพ Why Don’t Small Business Owners Hold Bookkeepers Accountable?

It’s one of the most overlooked risks in small business — assuming the books are fine without ever verifying them.

Here are 5 reasons accountability often slips through the cracks:

They don’t know what “good” looks like.
If reports are on time and taxes get filed, many assume everything’s accurate. Spoiler: it might not be.

Trust replaces oversight.
“She’s been with me since day one.” Great — but trust is not a control.

They’re too busy running the business.
Owners juggle a dozen roles. But bookkeeping ignored today becomes a problem tomorrow.

Bookkeeping is treated like a commodity.
Cheap doesn’t mean accurate. If you're just paying for data entry, who's actually watching your numbers?

Fear of conflict or admitting gaps.
Some owners feel awkward asking questions they think they should already know. So they don’t ask at all.

๐Ÿ“‰ The result? Errors, fraud, and missed opportunities — all avoidable with better accountability.

๐Ÿ‘‰ If you’re a business owner, when was the last time you reviewed your financials with your bookkeeper, not just from them?



#SmallBusinessFinance #BookkeepingMatters #FraudPrevention #OutsourcedAccounting #ForensicAccountant #SmallBusinessTips #quickbooks #bookkeeper #fraud #cfe #outsourcedaccountant #consultant #fraudconf #travelingaccountant #outsourcedaccountant

Comments

Post a Comment

Popular posts from this blog

๐Ÿ’ผ ๐–๐ก๐ฒ ๐˜๐จ๐ฎ๐ซ ๐‰๐จ๐› ๐’๐ก๐จ๐ฎ๐ฅ๐ ๐๐ž ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐ƒ๐จ, ๐๐จ๐ญ ๐–๐ก๐จ ๐˜๐จ๐ฎ ๐€๐ซ๐ž.. ๐Ÿ’ผ

Image
It's not often that I network but when I do, people are often surprised that I'm an accountant. Accountants seem to have a stereotype of being dull and forgettable. Initially people are surprised with my haircut and when they find out that I have tattoos and also a 28 year old son and most importantly can carry on conversations about college football, and non-accounting related topics. We are one of the few countries that equates our professional life around identity, so naturally when many find out I'm also a forensic accountant, there's some initial shock. I'm incredibly charismatic, can be social and mask as an extrovert but I've encountered many in my field that can't. For some reason, many investigators I've met are rigid, stoic, cold and not very personable and it's all because they have allowed what they do to become who they are. ๐“๐ก๐ž ๐ข๐๐ž๐š ๐ญ๐ก๐š๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฃ๐จ๐› ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐›๐ž ๐ฐ๐ก๐š๐ญ ๐ฒ๐จ๐ฎ ๐๐จ ๐ซ๐š๐ญ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐ฐ๐ก๐จ ๐ฒ๐จ...
Read more

Pass on Quickbooks Live Bookkeeping

Image
  Quickbooks Live Bookkeeping = Regrets I had a consultation with a # generalcontractor yesterday who has been doing residential remodeling for 20 years. His business has been doing well UNTIL he contracted with the Quickbooks Live Bookkeeping service that Intuit offers. In total, I've heard two dozen horror stories from others that have used this service and it's hard not to feel some empathy but at the same time you get what you pay for. Intuit is trying to push independent accounting firms like myself, out of the market by selling dreams of roads paved in gold for a fraction of the price of what firms like mine usually charge. What many business owners fail to realize is that users WILL experience significant financial discrepancies, missing transactions, incorrect categorization, AND poor communication with their assigned bookkeeper. This will lead to inaccurate financial reporting and potential tax issues. I can also guarantee that the virtual bookkeeper(s) will have...
Read more

๐๐ž ๐ก๐จ๐ง๐ž๐ฌ๐ญ... ๐–๐ก๐ž๐ง ๐ฐ๐š๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ฌ๐ญ ๐ญ๐ข๐ฆ๐ž ๐ฒ๐จ๐ฎ ๐š๐œ๐ญ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐ฌ๐š๐ญ ๐๐จ๐ฐ๐ง ๐š๐ง๐ ๐ซ๐ž๐ฏ๐ข๐ž๐ฐ๐ž๐ ๐ฒ๐จ๐ฎ๐ซ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ๐ฌ?

Image
  Not just glanced — really understood where your business stands. For many small business owners, the financial reports collect more dust than insights. And the reasons why? They’re more common (and human) than you think: ๐Ÿง  Too overwhelming ๐Ÿ•’ Not enough time ๐Ÿค” Don’t know what I’m looking at ๐Ÿ’ธ Afraid of what I might find ๐Ÿ‘‰ No judgment here — just data that helps us all improve. Comment below, you might help another owner feel less alone. #SmallBusiness   #Bookkeeping   #FinancialClarity   #BusinessGrowth   #EntrepreneurTips   #ProfitFirst   #CashFlowMatters   #accountant   #financials   #financialstatement   #business   #businessowner   #accounting   #cfe   #consultant   #consulting   #businessmindset
Read more