Accounting the heart of the profession. It was invented in 800 B.C., and is still relevant today in running billion dollar organizations. The objective is quite simple: get control of the information, and use the knowledge derived to solve business problems.
||Provides management with timely, forward looking, comparative feedback in line item form.
||Create a revenue, purchasing, and payroll cycle in which business is conducted.
||Manages working capital by measuring current assets and current liabilities (which is ultimately net cash flow.)
||Measures worth of organizations and resources allocated to business processes.
||Measures success or failure of organizations, it's processes, and it's people.
We see poorly run accounting systems in new clients each year. They have
no control, they have no systems, they have no knowledge of what is going on next month. And usually, the company we see performing poorly, are the ones who fail to manage their accounting systems, experience turnover, and ultimately cut back in accounting system resources, and perform poorly again. We call it "the spiral".
Understanding the Industry
Often the first step we take in gaining control of the accounting system, is to determine the best practices
for the specific industry they occupy, and determine the reports they need to manage.
Designing the System
The second step is determine if the existing system is capable of delivering the information or to install hardware, software, and procedures to gain control of the revenue, purchasing, and payroll cycles.
Training the Employees
The third step is to hire, train, or recruit capable people to run the system as studied and designed. This, by far, is the most difficult and continuous step. Good people are hard to find, and keeping them can be even more difficult. Our
staff is always available to provide emergency back up in case of absence, disability, sickness, of staff turnover.
Monitoring the System
The fourth, and easiest step is to review the result of the reporting system with management on a periodic basis, either monthly, quarterly, semi-annually, or annually. It is simple fundamentals that we bring our outcome management resources to bear, for the benefit of our clients.
Accounting System Complexity
We often find some clients wish to outsource most of the accounting functions other than check writing, depositing,
and invoicing. Our write-up services offer turn-key services from staff with decades of experience in payroll, general ledger, tax depositing, and income tax and financial reporting. We find this outsourcing allows the client to spend more time running his operation, and less time on compliance.
We also have offered for over 20 years computer timesharing over dial-up connections. More recently we began offering an application service provider (ASP) environment through extranets, where work is divided in some portion between your accounting staff and our professionals, using our state-of-the-art computer systems. This
offers browser based data entry and processing, with support and supervisory review by our professional staff.
Finally, we offer complete systems integration for in-house environments using industry specific applications across several operating system platforms. Applications in construction contracting, manufacturing, services based business, not-for-profit, time and billing, payroll are just a few.
If you would like to talk with us about what Bodtke & Stewart can do for your accounting and accounting systems needs, please contact us.
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