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Happy Endings to Three Scenes from an Accountant’s Life

May 29, 2018 10:13:53 AM Kathy Dise

scenes-from-accountants-lifeIt’s not just the busy tax season when accountants have more work than time. Clients facing new credit requirements, unanticipated employee departures and the need to learn how to clean up messy bookkeeping can keep accountants’ phones ringing. Even when accountants are neck-deep in filings, forms and statements, clients still need help with a myriad of tasks tied to the numbers of the business. When there is not one more minute in the day or night and the phone rings with a request for help, thinking of BudgetEase as a solution for your clients just makes sense.

These three real-life scenarios should sound familiar if you’re a busy accountant.

Scenario 1: New Lender, New Balance Sheet

Due to expansion, a business owner wants to lower interest rates on outstanding business debt and secure new financing. After shopping lenders, one emerges with an offer of better rates, terms and conditions. The business must submit an up-to-date balance sheet and other financial statements as part of the credit application process. In order to take advantage of the offer, the business must present its financial information sooner than later.

The business uses QuickBooks (QB) and keeps one file for sales, inventory and receivables and a separate QB file for checking account reconciliation. The business owner has neither the expertise nor the time to consolidate the information accurately and into the right format. The need for bookkeeping clean-up and better financial reporting is clear.  Usually, the business reaches out to its accountant for help. This time, the accountant is just swamped and the last minute request creates a tense situation.

Luckily, the accountant is familiar with BudgetEase and he refers the business owner to the team of QB experts who easily accomplish the bookkeeping clean-up, create the consolidated statements and put the business in the best light with the potential lender. The end result is a win for everyone.  

Scenario 2: Bookkeeper Gone, Work Stays

Reviewing files and trying to figure out how to clean up the mess left behind when a bookkeeper was fired led a company’s CEO to call her accountant for help. The accountant knew that the task would require quick action to meet upcoming reporting deadlines and immediately thought of BudgetEase as a solution to fill the gap and get the work done right.

Plus, the accountant knew from experience that BudgetEase could fill the vacant bookkeeping role temporarily, implement best practices and even train a replacement bookkeeper. In this case, BudgetEase did all of that and more, including continuing to serve as the company’s long-term bookkeeping service.

Termination isn’t the only circumstance when a vacant position causes worry about work completion. Regardless of the situation, companies need to fill the tasks within their bookkeeping and accounting responsibilities and BudgetEase can help.

Scenario 3: Going from Chaos to Calm

The need for bookkeeping clean-up was abundantly clear at a local small business. The complete lack of systematic filing and record retention was apparent as every financial note, file and bank statement was piled randomly until needed for reporting, tax filing or more recently, for an audit. Sorting through the piles and making sense of the information was a Herculean task. Even QB didn’t help because not every transaction was entered. While the CEO desperately wanted to clear the chaos, institute procedures to streamline and organize, he knew inside resources couldn’t tackle the job. The company’s accountant had an idea. He had worked with BudgetEase’s catch-up services and knew the experts could help.

The experts cleaned up the messy bookkeeping and more. They did a quick audit, caught up the QB transactions, reconciled accounts, created financial reports and made suggestions for using QB more efficiently. BudgetEase’s catch-up services saved time, effort and allowed the CEO to focus on the business.

If any or all of these examples ring a bell with you and remind you of your clients, you’re not alone. When time matters and your clients need financial expertise, to know how to clean up messy bookkeeping, records organization or other related assistance, referrals to BudgetEase are the right solution for everyone.

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Kathy Dise

Written by Kathy Dise

Kathy has over 30 years experience helping small businesses succeed. As a commercial lender, commercialization expert and now as a QuickBooks diamond level advisor, Kathy understands the challenges small business owners face. Her experience helps business owners quickly accomplish their financial goals. As the owner of BudgetEase, Kathy works with clients to develop a plan to efficiently process 1,000s of small transactions so owners can make informed decisions. She lives in Shaker Heights, OH with her husband Ralph and enjoys golf, curling and walking in Cleveland’s fabulous Metro Parks.