In this video, we will dive into the details of this case and explore some important lessons we can learn from it. It’s crucial to address these issues because they not only harm the individuals involved but also tarnish the reputation of the accounting profession as a whole.
Whether you are an athlete, #entertainer, or anyone in need of a #businessmanager, we will provide valuable insights and tips to help you prevent such unfortunate situations. We will examine the steps you can take to protect yourself and your finances from misappropriation and ensure that you maintain control over your financial records.
One significant aspect we’ll discuss is the importance of having control over your books and financial software. We will highlight the advantages of using online bookkeeping software like #QuickBooks or #Xero, which allows you to grant access to your accountant or business manager while retaining full control. This way, you can monitor transactions, review entries, and maintain transparency in your financial affairs.
Furthermore, we will shed light on the significance of understanding who has access to your accounts and books. Often, it’s not the CPA but an admin or an assistant who handles day-to-day financial tasks. We will discuss the need for proper checks and balances when hiring a business manager or accountant and recommend conducting background checks and credit checks on the individuals involved.
Join us in this video as we explore these important topics and provide actionable advice to safeguard your finances and maintain trust in your financial team. Together, let’s empower ourselves with knowledge and ensure a secure financial future. Don’t forget to like this video, subscribe to our channel, and hit the notification bell to stay updated with our latest content. Let’s get started!
