What level of supervision does your accounting department need?

• What are your needs for the accounting department?

  • Companies find that with too many steps in the AR procedure, leads to errors, most often discovered after-the-fact. What part of the AR procedure do you need to change?

  • AP is more often the leading point of contention. Continually reviewing the procedure to determine if the needs are being met is vital step in preserving credit and good standings with your vendors.

• What is your intention for the accounting department?

  • Do you intend for the department to be internal or outsourced? If a combination of both, who do you intend to create and manage the procedure? There are benefits to doing both.

  • Are the intentions to have a schedule built in for reviewing the procedures?

  • Partnering with an outside expert sets you up for long term success with consistent reviews and direction for time efficiency and cost-effective procedures.

• What are your expectations?

  • Do you expect your accounting department to manage as well as follow a procedure in in order to maintain aging accounts?

  • Will the expectations of the AP procedure require all payables to be current and procedures to follow-up with vendors on discrepancies?

  • The expectation of a current and accurate cashflow report and well as other basic financial reports is at minimum, realistic.

Each company maintains the accounting department to a different degree. Knowing where to go with questions, ensuring the procedures are effective, current, and reviewed is critical to small businesses cashflow. Many companies have moved to an outside source to some level. Allowing an external resource to assist with your accounting department, either on the ground or from 30 thousand feet up, give you a different perspective. Your resource can also alleviate employees demands. This allows internal resources to manage higher priority needs within your business, while minimizing overhead cost of hiring. will also help ensure accurate and timely procedures and financials.

If you are unsure if your intentions, needs or expectation for the accounting department are being met, my company can help you with that. We work on 3 levels, Guide, Assist, or Manage, working within your budget to help meet your needs, at the level that works best for you.