When we’re contacted by potential new clients and meet with them for our initial consultation, some of the questions we ask are: Who does your bookkeeping currently? Does your CPA send you back adjusting entries to enter in your accounting system after they are done reviewing/fixing your file? If they do send back adjusting entries, how many are there (or how many pages)? The reason we ask these questions is it gives us good feedback on how competent the client is doing their own bookkeeping and if the CPA is looking after that client’s best interests. Let’s start with the first point – whoever is doing the bookkeeping (in-house bookkeeper/officer manager, owner, or outsourced vendor) can objectively be evaluated simply on how much work the CPA has to do at the end of the year to fix the accounting records. If you’re only getting one or two entries back each year from the CPA (Depreciation is typically one of them), then we can assume the bookkeeper is doing a good job. If you’re getting dozens of entries (several pages) back each year, then we can logically assume your bookkeeper doesn’t really know what they’re doing. This situation is bad on two levels. The first is, now you know your books are messed up all year long and if you’re making business decision based on those books, well, you can finish that thought! It’s also bad because you’re not only paying your bookkeeper a salary/wage to do the work the first…