Chris Morris, CPA

7 Beliefs About Small Business Accounting

  • For the small business, materiality is irrelevant, because every penny matters
  • Every transaction should have a category (no misc. expense category)
  • Every transaction should have supporting documentation to confirm its legitimacy
  • Books should only be closed when no prior period adjustments are necessary, but need to be finalized each month, each quarter, and each year
  • Any unreconciled items must be investigated and explained promptly
  • Our value is accurate accounting matched with sound strategic planning and cash management advice backed up by the numbers
  • We never compromise our ethics, break the law or knowingly participate in any fraudulent activity