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What makes a good bookkeeper?

Monday, December 5th, 2011
Qualifications help, but what separates the wheat from the chaff when it comes to bookkeepers is attitude. A good bookkeeper cares A good bookkeeper cares when something doesn’t balance and gets upset when stuff goes missing. A bookkeeper cares that the financial statements make sense, and feels ... Read more

8 common accounting mistakes you can avoid

Friday, November 18th, 2011
Everyone makes mistakes, but accounting mistakes can have long-lasting effects. At the very least customers and suppliers can leave. Inland Revenue and your bank will certainly take notice too, and this can have serious implications. If you’re aware of the problems that simple accounting errors ... Read more

Top Ten Ways to Prevent And Detect Fraud!

Friday, October 14th, 2011
Use the following internal controls to help detect and prevent fraud in your business. Ensure no one person has control over all parts of any financial transaction. Require all purchases, payroll, and bill payments to be authorised by a designated person. Separate handling funds (receipt and ... Read more

Four main internal controls to prevent fraud

Friday, October 14th, 2011
All businesses, no matter what size,  need to review their internal controls to minimise their risk of fraud. There are four main areas to consider: Separation of duties Authorisation to approve payment Security of assets (e.g. stock) Review and reconciliation So here are some best practice tips ... Read more

Speed up your return to ‘business as usual’

Friday, August 12th, 2011
Disasters do happen, but you can ‘make the mess less’ and speed up your return to ‘business as usual’ with a bit of planning. Emergencies such as fires, earthquakes, floods and storms have all occurred in New Zealand, and each of these has the potential to have a devastating ... Read more

Top 5 ways to get paid faster

Friday, May 20th, 2011
There will always be some overdue payments, and following them up seems to be one of the most hated jobs of business owners and employees. As the old saying goes – if you don’t ask, you don’t get. Are you reluctant to contact late payers? Here is what you can do. 1. Firstly make ... Read more