Your bookkeeping procedures define the financial control mechanisms for your business. It is important to design these with built-in checks and balances, audit trails, and appropriate separation of functions. It is also important that your bookkeeping procedures be well documented for both operating efficiency and audit purposes.
XBC can offer you several options to streamline your operations while at the same time tightening your controls. A helpful first step is simply to document the bookkeeping procedures that you are currently using. For a small investment, you gain the advantages of the documentation that you should have anyway for control and training purposes. As part of this process, we will share our observations and offer suggestions of potential improvements such as redistribution of work to improve your controls or efficiency. If you desire, we can help outsource portions of your bookkeeping. This can be particularly useful when you need less than a full time bookkeeper or should you wish to separate some part of your bookkeeping work for control purposes.