Last account made things worse? Maybe they missed this key step.

“The last accountant we had just made it worse.”

This is one of the most common things I hear from business owners, and a big reason why people don’t get help with their finances. In fact, this was a huge roadblock for a client I started working with this year. 

They were constantly surprised by past due notices, they were months behind recording expenses in QuickBooks, and their relationship with their bank was deteriorating because they couldn’t provide current financial statements.

Fast forward six months, and they are keeping all of their accounts up-to-date, caught up on taxes that used to be a nasty surprise, and generating financial statements every month like clockwork. 

They’re more profitable than ever and know how to spot problems quickly.

How did they do it? 

They got back to basics with my step-by-step BOSS Method.

BOSS stands for Building Blocks, Organize, Summarize, Strategize. (Right steps, right order.)

This client already had the Building Blocks in place. Check!

They needed to start with the Organize step, aka making sure their activity was all captured the right way in QuickBooks.

In this case the most important tool we implemented - that had not been done consistently by previous accountants - was…reconciliations! 🙌🤩

Wait, what’s a reconciliation?

Here’s the gist: When you reconcile, you make sure your bank balance (in QuickBooks) matches the bank statement. 

You make sure your credit card balance matches the credit card statement. 

You make sure your vehicle loan balance matches the loan statement. 

You verify anything you can with an outside source, which makes it impossible to miss transactions completely. 

That means you can feel confident that nasty surprises won’t crop up because you’re working with complete information. 

In short, reconciled accounts = confidence.

If you need help getting started or caught up with reconciliations, give me a shout. I’d love to show you how they can transform your business!