I do bookkeeping for a healthcare business that has 18 group homes. I get audited twice per year. They select a few of our homes and the main office to audit. It can be full-scope or limited-scope. I never know which it will be. It's a stressful time for me because I have to pull every paper receipt, scan, and email to the auditors.
Question out of curiosity… I was a bit surprised to see that you just had a box of paperwork. I would have anticipated needing a more secure location (at least, that’s one of the things I’m trying to work through for my future business). Are there recommendations for what needs to be more secure? Do you have systems in place for those things?
Hey! Morgan does keep her client's private information secure. Here is a video she made on this topic: ua-cam.com/video/bSayiKdyLnM/v-deo.html Krista (FinePoints Admin)
Thanks, I’ll check that one out! I hope it didn’t seem like I was accusing of not being secure enough; I was just surprised and curious. Have a good one!
Have you ever been through an audit as a bookkeeper?
I do bookkeeping for a healthcare business that has 18 group homes. I get audited twice per year. They select a few of our homes and the main office to audit. It can be full-scope or limited-scope. I never know which it will be. It's a stressful time for me because I have to pull every paper receipt, scan, and email to the auditors.
Yes, many times. I take them as learning experience.
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Krista (FinePoints Admin)
I would recommend that all teacher reimbursements request online reimbursement forms with receipts before paying the teacher.
Thanks for sharing!
Krista (FinePoints Admin)
Hi - thanks for all the great videos. Did you bill the client per hour, or did you offer a fixed fee as a service?
Glad you are enjoying Morgan's videos. Here is a video that answers that question:
ua-cam.com/video/tm-Eo3tke0E/v-deo.html
Lorian (FinePoints admin)
@@FinePointsBookkeeping
Question out of curiosity… I was a bit surprised to see that you just had a box of paperwork. I would have anticipated needing a more secure location (at least, that’s one of the things I’m trying to work through for my future business). Are there recommendations for what needs to be more secure? Do you have systems in place for those things?
Hey! Morgan does keep her client's private information secure. Here is a video she made on this topic: ua-cam.com/video/bSayiKdyLnM/v-deo.html
Krista (FinePoints Admin)
Thanks, I’ll check that one out! I hope it didn’t seem like I was accusing of not being secure enough; I was just surprised and curious. Have a good one!
I also intend to work as bookkeeper. I need assistance.
Hi am looking for work from job in bookkeeping can you please help me out
i received audit letters from irs 😆
I am doing my first reconciliation and I am stuck.
Any help
Hey! Check out this video where Morgan shows you how she reconciles a clients books: ua-cam.com/video/rgaiu88Q_Fo/v-deo.html
Krista (FinePoints Admin)
How do you print out the general ledger on quickbooks?
You need to go to the reports general ledger.