Bookkeeping Best Practices

Landscaper

Bookkeeping Best Practices

The Situation

  • Originally hired to help train and supervise client bookkeeper. Discovered bookkeeper was not following basic accounting practices and leaving client open to theft.
  • Found that while sales were being recorded, cash and checks were not being deposited; over $4,000 of cash and endorsed checks sitting in petty cash box.

The Solution

  • Immediately recommended client replace under-performing employee, created job ad and screened candidates prior to interviews.
  • Streamlined accounting processes, improved both sales and collections, and created standard reporting package that new office manager was able to independently produce monthly.

The Results

  • Within 6 months of hire date Lucrum & new office manager had identified $10,000 in annual expense reductions.
  • Converted a position from a burden and potential theft risk into a value-adding role who actively participated in day-to-day operations and management.

Leading Confidently

means having a plan

Become a Success Story
Recent Articles
Understanding Cash Flow Projections in QuickBooks

Cash Flow Forecasting 101 (and Tips for Organizations Using QuickBooks)

By: Jeff Heybruck Forecasting cash flow is one of the most difficult but impactful planning exercises a business owner can undertake. There …

Dealing with slow paying clients

Small Business Tips to Negotiate Better Payment Terms & Conditions with Customers

By: Jeff Heybruck Net 30? Yeah, right. AR from large clients can be tricky. A common refrain we hear from small business …

QuickBooks Integration BuilderTrend & Others

QuickBooks Integrations: A Checklist To Successfully Plan Your Next Integration

By: Jeff Heybruck In addition to reducing tedious, duplicative data entry across multiple systems, integrating apps with QuickBooks can enable real-time financial …