Who would have thought that we could successfully make an analogy between audit prep and dentist visits 🦷 In our latest discussion, we dive into practical tips and tools to help make year-end audit prep smoother and save time (and money). A unique way to think about it... Audit prep is like going to the dentist. Regular checkups and maintenance throughout the year might take effort upfront, but it beats the pain of an expensive "root canal" later. The same applies to accounting—why not prep now instead of waiting until crunch time? Here are a few key takeaways: ✅ Communicate early and often with your auditors. Recurring meetings keep things on track. ✅ Start interim testing prior to year-end and for more complex areas like revenue. ✅ Prioritize your PBC list—accurate and organized supporting documents save everyone headaches. ✅ Remember, a little extra effort today can mean big savings tomorrow! How do you stay ahead in your year-end prep? Let us know in the comments! ⬇️ #AuditPrep #YearEndTips #Accounting #USGAAP #ZeroedInsights #BrushUpYourBooks #AuditHygiene
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CEO/Co-Founder at Zeroed-In Consulting | US GAAP Accounting Experts with Future-Focused Solutions
Fun fact: My mom was an endodontist; she did root canals on people for a living. That fact is gonna help our Zeroed-In Consulting video this week make a lot more sense. 😅 Audit Prep can be a lot like going to the dentist. Keep up with your hygiene prior your visit, and it could be relatively painless. But if you don't, chances are that visit is gonna be a lot more costly and painful. Same case for financial statement audits. Doing the work throughout the year can take some extra time and cost, but that can be FAR LESS than kicking off the audit after year-end with nothing ready and a short period of time to fix it all. Take it from me and my mom's patients. Work on your accounting hygiene now, and avoid that painful visit come year-end.
Who would have thought that we could successfully make an analogy between audit prep and dentist visits 🦷 In our latest discussion, we dive into practical tips and tools to help make year-end audit prep smoother and save time (and money). A unique way to think about it... Audit prep is like going to the dentist. Regular checkups and maintenance throughout the year might take effort upfront, but it beats the pain of an expensive "root canal" later. The same applies to accounting—why not prep now instead of waiting until crunch time? Here are a few key takeaways: ✅ Communicate early and often with your auditors. Recurring meetings keep things on track. ✅ Start interim testing prior to year-end and for more complex areas like revenue. ✅ Prioritize your PBC list—accurate and organized supporting documents save everyone headaches. ✅ Remember, a little extra effort today can mean big savings tomorrow! How do you stay ahead in your year-end prep? Let us know in the comments! ⬇️ #AuditPrep #YearEndTips #Accounting #USGAAP #ZeroedInsights #BrushUpYourBooks #AuditHygiene
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Reducing financial reporting risks for Controllers and CFOs with efficient, tech-enabled US GAAP solutions.
I've completely lost control of what the Zeroed-In Consulting team talks about during our weekly calls these days. Between yesterday's botched wizard/witch introduction and Kyle Geers, CPA's unforgettable analogy comparing audits to root canals below (which, to be fair, isn't that far off), I never know what's coming next. One thing's for sure, though: it'll be about 50% accounting and 50% something entirely random—but always entertaining and often content-worthy. With the right team around you, even the most mundane topics can become entertaining! #auditprep #yearend #accounting
Who would have thought that we could successfully make an analogy between audit prep and dentist visits 🦷 In our latest discussion, we dive into practical tips and tools to help make year-end audit prep smoother and save time (and money). A unique way to think about it... Audit prep is like going to the dentist. Regular checkups and maintenance throughout the year might take effort upfront, but it beats the pain of an expensive "root canal" later. The same applies to accounting—why not prep now instead of waiting until crunch time? Here are a few key takeaways: ✅ Communicate early and often with your auditors. Recurring meetings keep things on track. ✅ Start interim testing prior to year-end and for more complex areas like revenue. ✅ Prioritize your PBC list—accurate and organized supporting documents save everyone headaches. ✅ Remember, a little extra effort today can mean big savings tomorrow! How do you stay ahead in your year-end prep? Let us know in the comments! ⬇️ #AuditPrep #YearEndTips #Accounting #USGAAP #ZeroedInsights #BrushUpYourBooks #AuditHygiene
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Struggling to close your accounts or prepping for an audit? Feeling lost in a sea of numbers? James B.O.S.S is here to simplify the process. ✨ We'll help you: - Close your 2023 accounts with ease ✅ - Get audit-ready in no time ☑️ - Find the perfect accounting solution for your needs Stop stressing, start winning! #accounting #audit #closing2024
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CJ CPAs Mentality: Embrace Your Passion in Accounting 💼❤️ "The only way to do great work is to love what you do." – Steve Jobs At CJ CPAs, we believe that passion is the driving force behind excellence. When you love what you do, it shows in your work. In the accounting profession, where attention to detail and precision are paramount, having a genuine passion for your work can make all the difference. Passion fuels our dedication, keeps us motivated, and inspires us to go the extra mile for our clients. It transforms routine tasks into opportunities for innovation and continuous improvement. When you are passionate about accounting, every balance sheet, every financial statement, and every client interaction becomes a chance to showcase your expertise and commitment. Let's harness our passion to deliver exceptional service, strive for accuracy, and continually grow in our profession. Remember, loving what you do is the key to achieving greatness. #CJCPAsMentality #PassionInWork #LoveWhatYouDo #AccountingExcellence
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For some people, the thought of working with an accountant conjures up certain false ideas. We've heard everything from the fear of expensive invoices to a belief that all accountants are just plain boring. In this blog post from the archive, we shared the reality of teaming up with an accountant by debunking the top 5 misconceptions we've heard during our time in the role. Accountancy doesn't equal stuffy offices and teams that are difficult to get in touch with! https://lnkd.in/dgu4zQM #accountant #misconceptions
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Considering a new accounting firm? Our updated Guide to Changing Your Auditor is the resource you need. Whether your current firm lacks industry expertise or global reach, the guide provides clear steps to help you assess your audit needs and transition smoothly to a new firm. https://rsm.buzz/3CTanlj
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The end of year audit rush is nearing, read our top tips to keep things moving efficiently and avoid those late nights hunched over spreadsheets: https://lnkd.in/gzfrCKBg #Accounting #Audit
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Looking for inspo to create organisational structure for your accounting firm? Design a structure that will optimise your efficiency as you grow. 📈💡 👉https://ow.ly/1ros50TnPSp #WeAreAccess #FreedomToDoMore #Accountants #Accountingandaccountants #organisationalstructure #AccountingTips #EfficiencyOptimization #AccountingFirm
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Check out this interactive firm acquisition guide.
This new practice could be the perfect addition to your firm. Now it's time for you to vet the opportunity. Swipe if YES ➡️ Comment PASS if you are out. Imagine you’re evaluating the purchase of an accounting practice. At each stage, decide if you’ll proceed or pass.
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Selecting the right auditor is essential for effectively managing your company’s accounting and reporting functions. Factors like experience play a critical role in ensuring a smooth and efficient audit process. Discover the four key features to prioritize when choosing an auditor. #AuditServices #BusinessCompliance #AuditorSelection
