As part of our work at ZümiFi, our clients’ recurring payments and expenses. While many of these are legitimate, some may be fraud or raise a red flag. Occasionally, a vendor will make a mistake and charge your card more than once. Other times, it can be more serious.
Last month, a vendor billed one of our clients twice for a recurring order. This caught the eye of their ZümiFi account manager. She brought it to her client’s attention right away. This allowed the client to research the issue. Were they double charged, or did they forget to enter a second bill into QBO? Once the client was aware of the discrepancy, she could easily resolve the matter with her vendor.
Identifying transactions that may be incorrect or not recorded properly is one of the many things we do when working on your account.
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Success Stories – Raising Red Flags
ZümiFi’s ongoing bookkeeping services manage your financial activity with a complete turnkey approach. We deliver solid books that provide you with key information in real-time, accessible anywhere, anytime, on any device.
We create a custom combination of online, cloud-based tools, including QuickBooks Online, Bill.com, Box.com, and other tools in unique combinations to truly leverage technology. This enables us to fully automate your system, eliminate data entry, and simplify and facilitate your bookkeeping. And we ensure accuracy and completeness so that every dollar counts.
The Scope of ZümiFi’s Bookkeeping Services:
Accounts Payable Services – Recording, tracking, and paying vendor bills.
Accounts Receivable Services – Recording and tracking customer invoices and payments.
Payroll Services – Processing payroll per each client’s instructions regarding amounts to pay; processing and filing appropriate payroll taxes and tax forms.
Reconciliations – Reviewing and balancing bank and credit card transactions; notifying the client of any discrepancies and resolving discrepancies per the client’s instructions when appropriate.
Reporting – Generating financial reports based on the collected data.