While Montgomery Business Solutions is not an accounting firm we do encourage our small business customers to have an outside CPA/Accountant review their financial reports and, in some cases, the actual database those reports are based on. This is usually a once a year task for small businesses but quarterly reviews can also be a good idea. This way everyone (business owners, bookkeepers and accountants) are always on the same page if ever a question comes up on how to treat a business transaction. Here’s a great article on this topic written for Australian readers, as Xero is based in Australia, but applicable to worldwide business owners. www.businessinsider.com.au/how-to-weigh-up-whether-your-small-business-needs-an-accountant-and-how-much-it-will-cost-2018-6/amp
