Comments on: Generate Your Accounts

By: Marc

Marc — Tue, 08 Sep 2009 00:55:03 +0000

Hi John, Totally agree. The bookkeeper is the difference between “order and disorder” as I mention. They bring compliance to the process where blanket data import or automation without a bookkeeper can be very error prone in my experience. It’s a must have service in my opinion.

By: John Birse

John Birse — Sun, 06 Sep 2009 09:58:08 +0000

Web based solutions are definitely the way of the future but we need to be sure we are not throwing good business practice out with the convenience of replicating frequent transactions or being tempted by the quick fix of downloading transactions straight from the bank statement. I have been involved with Accounting and Bookkeeping operations and education for the past 40 years and have seen the change from analog hand written journals to digital electronic documents. I am reminded of a quote I read once “To err is human but to really stuff up you need a computer”. I often come across transactions that appear to be simple but on closer examination by a professional bookkeeper there are often GST coding errors, date errors, client or supplier matching erors or the biggest one – private expenses that were inappropriately put against the business accounts. There is also a further dimension with transactions need to be costed against various cost centres, staff or assets and this needs someone to oversee the transaction processing. There are also important internal controls necessary to check the validity of transactions and Professional Bookkeepers are well versed with doing reconciliations and balancing out all Balance Sheet areas. We all have a stake in making sure that financial information can be relied upon and automating the capture of financial data from bank records, regular transactions and Point of Sale systems without some control process (such as using the services of a Professional Bookkeeper) needs to be done carefully.

By: Anonymous

Anonymous — Sun, 09 Aug 2009 11:56:01 +0000

OMG those are really amazing tips .. i will print this post and share it with my partners to set it up .. Thanks alot

By: Jacksonville Fence Company

Jacksonville Fence Company — Thu, 09 Jul 2009 18:43:53 +0000

Great tips – this will not only save time but should ensure there are no errors as well – well at least if it is set up properly. Thanks again.

By: lukisan minimalis

lukisan minimalis — Fri, 03 Jul 2009 12:53:56 +0000

good advice, i’ll try it,.
thanks,..

By: albtuts

albtuts — Tue, 19 May 2009 21:52:28 +0000

Very useful tips thank you for sharing