Consulting

IT Consulting
Accountants have traditionally been involved with clients in the consulting on information technology, because accountants understand the system and business models present in each client's operation. Accountants have been designing systems since the industrial revolution, and mechanizing the process seems a natural extension of the process.

Unfortunately, many accountants have failed to keep current in the rapidly exploding technology field and have fallen behind other more publicly traded companies, (who used the stock markets to build huge consultancies to service business). It is simply economies of scale working in the marketplace. Today, you would no more buy your computer hardware from your accountant, than you would get your tax return done by your typewriter or photocopy machine salesman.

There are however, valid necessary issues that must be addressed when "re-engineering" the information process in a business. The first and foremost is internal accounting controls need to be maintained. Checks and balances are built into accounting systems, so they tip off others to problems that may arise. For example, if the payroll department is not making payroll tax transfers timely, the general ledger accountant will notice the accrual on the general ledger going higher and higher. Since the overall penalty is over thirty-five percent of the un-deposited taxes, it is hopeful this would be discovered shortly by the general ledger accountant using the internal accounting controls built into the system. You will find this exact fact pattern flaw in many mainline expensive relational databases on the market today.

When streamlining an accounting system, internal accounting controls often get overlooked, because it might be simpler to alleviate the control bottlenecks, and gain a tremendous productivity increase. However, as our illustration shows, this efficiency, can be costly. It may also occur because the people writing this code, while very good at languages, often are not fluent in accounting systems and internal accounting control. Simply put, IT consultants are good at programming, and accountants are good at designing adequate controls and systems.

Obviously, each person is needed to make an implementation work in an information system conversion, and that is where the accounting consultant can provide value.

Key Benefits
•  Reviewing the product specifications and design for initial feasibility.
Flow charting the current strengths and weaknesses in the existing accounting system and comparing it to the proposed system.
Analyzing the overall subsidiary subsystems and inter-relationship with the general ledger and physical flow of goods.
Consulting with current users of a package product to get independent feedback on their experiences with the product.
Documenting any custom changes in the system, to determine if any leaks of security or transactions are occurring.
Determining guide-posts in the implementation process and determining punch-list items unfulfilled.
Staffing considerations necessary to accomplish the transition and running parallel for a period of time to assure reliability.
Training of company personnel in new technology and providing backup staffing assistance in case of client turnover in personnel.
Making sure that adequate duplication exists for hardware, communication, and casualty situations.

Capabilities
At Bodtke & Stewart we are and continue to be one of the frontrunners in the IT consulting area of small and medium businesses. Our skill sets in operating systems covers Novell, Windows 2000, and UNIX servers. Our understanding of Novell Directory Services, Active Directory, and UNIX file permissions enable us to study security issues pertinent to each platform you choose to implement. Finally, our understanding of topography in TCP/IP, IPX/SPX, and NetBIOS enable us to consult with you on physical security features you may have, especially if you are connected to the world wide web for messaging and communications.

Our primary strength however is in sizing up applications programs for suitability, scalability, and implementation. We can perform the internal accounting control flowcharts, and perform strength and weakness tests on software you plan to implement, prior to purchasing. This is where we provide you with the greatest value.

Implementing Desktop Peer-to-Peer Can Programs
Currently we support Peachtree multi-user with record locking in a peer-to-peer and client/server environment. Most small businesses with only a few workstations and less than $5 million in revenues earned, find this cost effective and sufficient.

Implementing Client/Server databases and Three-tiered Servers
We are currently supporting MS-SQL and Interbase server side databases as well as FoxPro database on a share. Primarily the users of these systems are manufacturing, distribution, and construction contractors with over $5 million in revenues earned.

Implementing Exchange and Communications Software
We also support popular mail and communications software for workgroup and collaboration packages, as well as Time slips/Peachtree integration for Professional Offices, and many other off the shelf products.

If you would like to discuss implementation or selection of software, please contact us.

 
More information on our services:


  Accounting
  Auditing
  Tax
  Consulting
  Pension Services
  Litigation Support
  Business Valuation
 
  Accounting
  Auditing
  Tax
  Consulting
  Pension Services
  Litigation Support
  Business Valuation