Two Sets of Eyes – Looking Out for Your Business

A double-check bookkeeping system represents the best framework for detecting errors in your venture’s financial data before they snowball into costly and unpredictable financial issues. Moreover, the work of the senior and junior bookkeepers will be divided, leading to significant financial savings. 21% of SME owners declare that they lack the necessary financial recordkeeping knowledge to handle the management of their venture’s economic data. However, bookkeeping is not complicated; it is time-consuming.

Most of the financial record management tasks necessary for the continuation of your business activity can be implemented by a junior bookkeeper. But the caveat is that these tasks will represent the bulk of your venture’s necessary bookkeeping operations. By working with two recordkeepers, the junior bookkeeper will handle the day-to-day financial management operations, while the account manager will be on guard for complex tasks that require their expertise. Are you interested in achieving peace of mind bookkeeping? To mitigate the risk of your venture’s financial activities? If so, you will need two sets of eyes.

By managing your account’s payables and receivables, the junior bookkeeper will improve your cash flow and reduce the need to outsource accounting tasks to other external agencies. Meanwhile, the account manager could analyze, together with your CPA, the financial reports presented by your junior bookkeeper, optimize your capital structure, discover potential avenues for tax savings, and reconcile your accounts with those of collaborating banks via QuickBooks. Accounting errors can have a significant impact on your venture’s stability and profitability. However, by leveraging the services of two specialists, you could achieve peace of mind bookkeeping, make your business more relevant to target demographics, and transform the profitability margins of your venture.