038 The Simple Trick to Catching Most Bookkeeping Errors

Do you know the BEST way to double check if you have errors or duplicates in your bookkeeping? We are going to cover that in this episode & demystify a common term that really confuses people so grab a yummy drink & tune in. The best way to get started is to do a Bank Reconciliation. This will help you not only catch duplicates and missing items, but also catch FRAUD.  I talked with 2 clients this year who had discovered that a bookkeeper was stealing from them and this is just heartbreaking. Once again, I'm here to educate you and walk you through it so you can do it yourself! A Bank Recon is matching bank records to your books: Gather your documents Compare your transactions  Look for discrepancies Resolve issues  I know you're thinking, "OK but do I really have to do this?" YES Errors in bookkeeping hurt your business. It's a disservice to you if records aren't correct. And, that's the whole point of records; you want them to be accurate so you can make smart business decisions and avoid overpaying in taxes if the errors would keep you from counting deductions.   If need help when go to do this in Quickbooks, let's hop on a call!   Here are the ways we can connect: Reach me: https://erikamillard.com/contact Learn: www.erikamillard.com Email: [email protected] Instagram: @erika_millard   Mini Course- Get Comfy with Budgeting https://erikamillard.com/budget   Get Comfy with QuickBooks https://erikamillard.com/get-comfy-with-quickbooks   Don't forget to download the free Monthly Bookkeeping Checklist: https://erikamillard.com/bookkeeping-checklist    Happy Bookkeeping!