Accounting
Accounting is
what I majored in at Michigan State many years ago. My first
professional job out of college was with the international
public accounting firm of PriceWaterhouse Coopers. Actually,
the firm was called Lybrand, Ross Brothers and Montgomery at
the time, one of the Big Eight firms that became Coopers &
Lybrand and then merged with Price Waterhouse.
I was on the audit staff and learned
invaluable lessons about internal controls, financial
reporting and the management of a business.
There are many facets of accounting and
financial reporting that J & B can help you with. Some of
them are...
- Chart of Accounts - review and/or
revise the Chart of Accounts to clearly show the
significant costs of your business and to reflect the
inter-relatedness of certain accounts.
- Managerial Reports - develop reports
that track significant activities and results of your
operations allowing you to react quickly to changes in
your business.
- Internal Controls - identify key
elements of your business that could be at risk and
institute procedures to minimize potential losses.
- Accounting Software - make sure you are
using all the features of your accounting software and
that your staff is aware of the ways to use it most
efficiently.
- Accounting Procedures - clarify with
your staff all of the necessary steps in processing your
accounting transactions. Create or review documentation of
those procedures.
Once in a while there is a breakdown in
normal accounting procedures that requires special
attention. This can be caused by the loss of a key employee,
lack of an understanding of the accounting software and
procedures, or intentional theft from the company. When this
happens, look to J & B to help you with...
- Account Reconciliations - review and
document account activity to clearly understand the
activity that has created the balance in the account.
Identify the amounts that need to be adjusted and the
entries to record the changes.
- Fraudulent Transactions - identify and
document activities that have resulted in a loss of
company assets through unauthorized transactions. Provide
that information for further action by your company.
You can reach us through the
Contact Us page. |
