Your internal team handles the day-to-day bookkeeping brilliantly. Whether that’s dedicated bookkeepers, staff wearing multiple hats, or you burning the midnight oil yourself, the data entry gets done. There’s a significant gap between getting transactions into the system and ensuring everything’s accurate enough for GST returns and year-end compliance.
Multiple hands in your accounting file means multiple approaches, different interpretations, and inevitable inconsistencies. What you need is an experienced accountant’s eye regularly reviewing the work to catch issues before they become problems.
Ready to eliminate bookkeeping surprises and strengthen your financial accuracy? Contact UHY Haines Norton today to discuss how our monthly accounting review service can support your team and protect your business.
What is accounting review & support?
Accounting review and support is a proactive service where qualified accountants regularly examine your bookkeeping work to ensure accuracy, compliance, and consistency. Rather than waiting until year-end to discover problems, this service identifies and corrects issues monthly, maintaining the integrity of your financial data throughout the year.
This service bridges the gap between internal bookkeeping capabilities and professional accounting standards, providing ongoing quality assurance that gives you confidence in your financial reporting and compliance obligations.
The reality of internal bookkeeping
Most businesses rely on internal teams for bookkeeping, and that makes perfect sense. Your people understand your business, they’re accessible, and they’re cost-effective for day-to-day transaction processing. However, bookkeeping and accounting require different skill sets.
Bookkeepers excel at data entry and routine processing. Accountants bring technical knowledge about compliance requirements, tax implications, and financial reporting standards. When bookkeeping occurs without regular accounting oversight, errors accumulate, compliance risks increase, and management reporting becomes unreliable.
Our structured monthly review process
Collaborative Scheduling
We establish a monthly timetable with you and your bookkeeping team so everyone knows exactly what’s expected and when. This creates accountability and ensures reviews happen consistently rather than reactively.
Expert Technical Review
When your online file is ready, one of our accountants—someone who reviews accounting files almost daily—examines your key financial data. We know exactly where to look for common errors, unusual transactions, and compliance issues that could cause problems.
Clear Communication and Training
Once each review is complete, we provide a concise summary of actions taken, recommend any process improvements needed, and ensure your team understands what’s required going forward. This also builds your internal team’s capabilities for the future.
Ongoing Support Access
Our monthly review service includes phone support for your team throughout the month. When questions arise, they can get expert guidance immediately rather than waiting until the next review cycle.
Why monthly reviews make business sense
Monthly reviews create manageable data sets that are easier to review thoroughly and correct efficiently. By catching errors early, we prevent small issues from compounding into significant problems that require extensive correction work later.
This approach also supports your team’s professional development. Regular feedback from experienced accountants improves their skills, reduces future errors, and increases job satisfaction through continuous learning and improvement.
For your business, monthly reviews mean more reliable management reporting, accurate GST returns, and smoother year-end processes. When your financial records maintain accuracy throughout the year, tax planning becomes more effective and business decisions are based on trustworthy data.
The compounding benefits
Enhanced Accuracy Throughout the Year
Monthly reviews ensure your annual financial data is reliable, improving management reporting quality and making GST returns accurate. Better financial records also make tax issues more visible and manageable.
Team Development and Error Reduction
Each review includes feedback for your team about errors we find and process improvements we recommend. This builds their expertise, reduces future errors, and creates a more confident, capable internal team.
Early Issue Identification
Regular reviews help us identify potential transaction issues and other matters of interest much sooner than annual reviews would allow, giving you more time to address concerns proactively.
Better Business Decision Making
Accurate, regularly reviewed data makes it easier to identify anomalies or inefficiencies in your operations. You get the reliable information needed to make strategic business decisions with confidence.
Industries that benefit the most
Businesses with regular transaction volumes, multiple revenue streams, or complex operational structures benefit significantly from monthly accounting reviews. This includes retail operations, manufacturing companies, professional services firms, and any business where accuracy in financial reporting directly impacts operational decisions.
Companies experiencing growth phases particularly value this service, as expanding operations often strain internal bookkeeping capabilities. Regular expert review ensures accounting quality keeps pace with business development.
Getting started with monthly reviews
Monthly accounting review and support works best when integrated into your existing processes rather than treated as an add-on service. We’ll work with your team to establish routines that enhance rather than disrupt your current workflow.
The investment in regular review pays dividends through improved accuracy, enhanced team capabilities, and greater confidence in your financial reporting.
Contact UHY Haines Norton to discuss how our accounting review and support services can strengthen your financial management and support your team’s development.
