At ZümiFi, our commitment to clients goes beyond simply managing their financial activity. We understand the significance of meticulously monitoring transactions, as they can often uncover potential fraud or discrepancies that need immediate attention. Unveiling the Importance of Monitoring Transactions This blog post will delve into the importance of identifying incorrect or improperly recorded transactions...
Keeping your financial records up to date is a crucial aspect of effective bookkeeping. However, weekly updates do more than just ensure accuracy—they can also help identify discrepancies and errors that might otherwise go unnoticed. In this blog post, we’ll share a success story that highlights the importance of weekly updates in catching and rectifying...
As bookkeepers, we love to reconcile! We love to find ways to ensure that we have captured everything accurately. One of our clients is a law firm. They accept retainers that must be held in a separate trust account (IOLTA). They maintain many entries in their billing system, but we check their work regularly. Why?...
Data entry is great, but reconciliation is the test! Our newest team member, Karen, has been working hard to onboard a new client. They have very complicated Accounts Receivables that a third-party vendor processes. The client’s previous bookkeeper focused on entering the data but didn’t “have time” to ensure that data was accurate and reconciled...