Brightstar reporting rythym
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Live Data & Weekly
Reporting
www.SimpleNumbers.me
Look familiar?
www.SimpleNumbers.me
What should I expect from my
bookkeeper?
Daily Deposit email
Weekly management of AR
Weekly processing of AP & AP report
Weekly credit card entry
2-week Cash Flow forecast report each week
Weekly / bi-weekly LER report
Books closed by the 10th
www.SimpleNumbers.me
Weekly Accounting Rhythm
Deposits:
Take to the bank daily
Separate duties if possible
Use remote deposit
Log into online account to record ACH
payments
Daily email to management on bank balance
www.SimpleNumbers.me
Weekly Accounting Rhythm
Invoices & AR:
Invoice weekly (Tuesday @ Noon)
Implement ACH and Credit Card payment
options
Follow up on past due AR
Systematize process
Who owns process?
Who reports to team?
When is follow up?
www.SimpleNumbers.me
Weekly Accounting Rhythm
Accounts Payable:
Only pay bills once a week on the same day
Use the Accounts Payable function of your
software
2-week Cash Flow forecast report each week
Turn off automatic sweep on LOC
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Weekly Accounting Rhythm
Online Banking:
Check bank activity online daily
Use a two monitor environment
Do a “soft” reconciliation daily
Make your accounting system be the
authoritative bank balance, not the bank’s
Use online bank alerts
www.SimpleNumbers.me
Weekly Accounting Rhythm
Credit Cards:
Update once a week on the same day
Avoid being surprised by bill at the end of the
month
www.SimpleNumbers.me
www.SimpleNumbers.me
Weekly Accounting Rhythm
Payroll:
Update Labor Efficiency Ration (LER) report
after every payroll
Update Labor Target report after every payroll
www.SimpleNumbers.me
Report template available
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www.SimpleNumbers.me
Over / (Under) Labor Target
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Putting It To Use….
Creating efficiency
Make decisions timely
Know what lies ahead – no surprises
Developing a “feel” of business activity
www.SimpleNumbers.me
Data To Manage Your Business
