Don't Be Confused About the Importance of Reconciling Accounts
When I speak to small business owners about account reconciliations I often get the look of, my business does not need that. But, as a small business owner do at least have an idea of when you may need it? Is it documented in your business plan of when you will execute the process and train your assistant or staff on how to complete the task? These are the questions I would like many small business owner who are busy with building their business to consider and think about for a moment.
I would like to share a great example of a standardized process I read recently in an article published by Journal of Accountancy, which was golf courses. Can you imagine the chaos that would exist if holes weren't numbered and golfers could choose to play any hole they wanted at any time? The same holds true with a company's account reconciliation process. In our August 2016 "Fontenot News", we share our knowledge, research and identify the importance of account reconciling for your business. Enjoy it!
I encourage you to share it with one of your colleagues today and increase the awareness. Your business deserves clear goals and processes that will define just how sustainable your business is, will or can be. Fontenot & Associates Solutions LLC, we bring business visions to reality . Click here to schedule your consultation.
“Make your team feel respected, empowered and genuinely excited about the company’s mission.”
Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.