Why would you need JPB Accounting Services for your business?

1. You, your bookkeeper or your office manager handles all the day-to-day financial business with little to no oversight.

A separation of duties is defined as having more than one person required to complete a task.   Auditors frequently review a company’s process for handling money to ensure that there is a good segregation of duties.  Their objective is to limit the opportunity for internal fraud.  For example, the person who receives the money should not be the person who makes the deposit.  The person receiving and recording the vendor bills should not be the person to cut the checks.  In small businesses, keeping these responsibilities separate can be a challenge.

2. You need to protect yourself.

Transparency is very important.   If you ask your Bookkeeper/Office Manager a financial question and you get vague answer, that is a red flag.  Vague answers could mean they are trying to hide something (such as fraud) or it could be as simple as they did not know how to get the answer.

3. Accurate Financials.

Mistakes are not intentional but can negatively impact your decision making. If your Bookkeeper/Office Manager has little to no oversight you risk producing financials and taxes with incorrect information.  

4. Something is wrong with the data coming out of your QuickBooks file and your bookkeeper can’t figure out what happened.

While not always obvious, an incorrect setup or the process of data entry can skew the quality of data presented on Quickbooks reports.  

5. Your CPA is tired of getting a shoebox full of receipts

Using accounting software like QuickBooks can save you time and money. Embarking on this journey will save your CPA hours of sifting through receipts and manually adding them up – which translates into significant financial savings for you from the reduction in billable hours from your CPA. 

HOW JPB ACCOUNTING SERVICES CAN HELP YOU:

JPB Accounting Services will give you the segregation of duties and financial assistance of an on-staff Bookkeeper or Accounting Manager without the cost of salary and benefits.

JPB Accounting Services will

• Help you get your books organized so you have clean financials to give to your CPA
• Reconcile and review your general ledger accounts ensuring accuracy
• Mentor and/or train your Bookkeeper/Office Manager to help them be successful
• Create sound checks and balances within your business
• Help you troubleshoot and identify issues and help you resolve problems
• Regularly communicate with the owners to ensure full transparency and company awareness

Having an experienced accountant review your books Monthly, Quarterly or Annually will give you the peace of mind that your income and expenses are booked correctly, your financials are correct and your CPA will be given clean records.