As a client of P&L Business Solutions (Midlothian VA | Chesterfield VA), you can have peace of mind knowing that we have key controls and risk mitigation procedures in place to detect and prevent internal fraud.

Typically, more fraud occurs in small and family-based businesses when a family member is given the duties of managing the bookkeeping processes and many times doesn’t have the knowledge to do it correctly. But fraud can also occur among business partners/owners, managers, employees, and sometimes even investors. In many cases, the lost business value is never recovered.

Outsourcing the bookkeeping process will help ensure that family members, partners/owners, managers, employees, and investors are kept honest. Let P&L Business Solutions keep your business protected to implement robust financial controls and provide “spot-on” reporting.

Using the latest in AI Technology and cloud accounting service platforms, business owners and management can view real-time and accurate reporting whenever it is needed. Also by using trend analysis, we can benchmark your company against others in your industry and help forecast the financial picture of your business.

Financial Reports are designed to correctly reflect the financial health of your business. Only with accurate bank reconciliations and proper balancing of your books can you enable your business to grow profitably.

Banks and credit card companies can make mistakes. Misclassification and incorrect categorization does occur. If you have a cash drawer, a daily reconciliation is an absolute must. Cash can disappear very easily if there is no process for tracking it.

P&L Business Solutions can work with you through our bank and credit card account reconciliation services to recognize and resolve any issues immediately vs. having these mistakes flow through your financials over the months and years to come. Even with the implementation of artificial intelligence (AI), there still needs to be human oversight and this is part of the value-added service we provide. We can also help you come up with a cash drawer reconciliation process for your company, if necessary.