What we usually see when the bookkeeper quits in October
By Chris Greco, Founder and President.
When the bookkeeper quits in October, the company faces a Q4 close, year-end, 1099s and W-2s with nobody in the seat. The first week matters more than the hiring decision.
Get the passwords, bank feeds and payroll access into the company's hands, not a person's. Reconcile the last month closed to find out where the books actually stand. Pay the bills that are due; stop everything else until someone owns the ledger again.
Then decide whether to hire a person or a function. A departure is often the moment a company learns its books depended on one set of hands, and chooses not to let that happen twice.
Chris Greco
Founder and President, CFO Anywhere. CFO for owner-led companies since 2002. Executive MBA, Gies College of Business, University of Illinois.
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