When your business software doesn’t directly integrate with your accounting system, you can connect it with back office software. It’s a great tool, but it’s not a perfect fix.
These integrations can reduce manual inputs and errors, but you still need to monitor them and occasionally clean them up, or else you won’t have fully accurate financial data. CSI can help with that and more!
At CSI Accounting & Payroll, we’ve provided monthly accounting services for 60 years. We’ve seen the development of back office software, so we know its perks and limitations. Let’s discuss:
- Are back office software errors obvious? What are some examples?
- How does CSI Accounting & Payroll catch and fix errors?
- How does CSI provide business insights?
Back Office Software Errors
If you have errors in your integration, will you always know right away? No. In fact, unless you have someone monitoring the integration, lots of errors can fly under the radar for a while before they’re obvious enough to fix.
Here are some errors to look for:
- Missing or duplicate transactions.
- Timing differences.
- Misclassified transactions.
These are mostly caused by syncing and resyncing issues and different systems recognizing numbers at different times. It becomes difficult to generate reliable statements and make informed decisions.
What can you do about this? Have someone in your books every month, like CSI Accounting & Payroll!
How CSI Fixes Errors
With CSI Accounting & Payroll, monthly accounting includes monthly account reconciliation. This is a way to verify the transactions by seeing if your bookkeeping matches other sources, like bank statements and payroll data.
Since your monthly accountant knows your business well, they may notice strange differences in trends that could indicate a syncing or duplicating issue. The same goes for noticing if transactions land in the wrong place.
As for timing differences, a consistent cash-basis or accrual-basis accounting method is important, but your accountant still needs to review and adjust the data if it’s incorrectly falling into a different time period.
Ultimately, back office software moves the data. Your monthly accountant at CSI makes sure it’s correct, then they deliver the insights you need.
How CSI Provides Insights
Monthly accountants aren’t just a cleanup crew!
By walking you through your monthly financial statements, your monthly accountant gives you a detailed overview of how your business is doing each month.
That’s not all. A huge portion of monthly accounting is advisory. Because your monthly accountant works with your numbers regularly and takes the time to get to know your business’s goals and challenges, they give you advice that you can trust. Topics include:
- Analyzing and setting KPIs.
- Maximizing profitability.
- Industry-specific advice.
- Sales and marketing ideas.
- Tax planning and projections.
- Anything you want to ask about!
Get Accuracy and Clarity!
Now that you know about back office software errors, how CSI catches and fixes these errors, and how CSI provides business insights, are you ready to check out our monthly accounting services?
To see if we can be a good fit for your business, click the button below for a free consultation:
Not ready to talk? That’s okay! First, learn more about what your monthly investment may look like by clicking the image below:
