I spoke with a lady over the telephone the other day who had a previous bookkeeper and then she decided to take over the bookkeeping as the bookkeeper got sick! This is a common mistake that lots of people make as they think they can save money however, the problem was she doesn’t know bookkeeping very well. When she tried to reconcile her bank account, it was out by $400,000.
It may seem like a waste of money to have a bookkeeper, but it really isn’t!
It has taken time to find where the discrepancies were but now that we have, it will be smooth sailing from now on.