Bookkeeping Best Practices

Landscaper

Bookkeeping Best Practices

The Situation

  • Originally hired to help train and supervise client bookkeeper. Discovered bookkeeper was not following basic accounting practices and leaving client open to theft.
  • Found that while sales were being recorded, cash and checks were not being deposited; over $4,000 of cash and endorsed checks sitting in petty cash box.

The Solution

  • Immediately recommended client replace under-performing employee, created job ad and screened candidates prior to interviews.
  • Streamlined accounting processes, improved both sales and collections, and created standard reporting package that new office manager was able to independently produce monthly.

The Results

  • Within 6 months of hire date Lucrum & new office manager had identified $10,000 in annual expense reductions.
  • Converted a position from a burden and potential theft risk into a value-adding role who actively participated in day-to-day operations and management.

Leading Confidently

means having a plan

Become a Success Story
Recent Articles

10 Outside-The-Box Employee Retention Ideas

‘The great resignation’ – the labor market trend of employees voluntarily leaving their jobs – means employers must get more creative when …

Cost Benefit Analysis for Small Businesses: Ask the Expert

In this ‘Ask The Expert’ interview, Lucrum CEO Jeff Heybruck explains the importance of cost benefit analysis to small business owners. Read …

What is a Fractional CFO & How Do CFO Services Work?

What is a Fractional CFO? A fractional Chief Financial Officer (CFO) is a part-time resource with extensive industry experience that is contracted …