2006 Quarter 1 Edition

Message from Doris:

Don’t call it a come back! We’ve been around for years...10 years to be exact. DMC Systems Group, Limited has been around for a decade of integrating, conversions, and training, and informational seminars. It’s time to re-introduce ourselves to you. We wanted to take this opportunity to reacquaint ourselves with our clients, both current and former, to put the word out there that we are still around and ready to serve you in a way that only DMC can.

Currently there is no other firm that can offer it clients a complete package with all of the trimmings. Not only can it be frustrating to work with accounting software, it can also be wearisome to have to work with multiple firms to get a complete understanding of your accounting software as well as conversions, integrations, and the many other IT-related services that DMC has to offer all in one firm. If you’ve ever tried combing through the Yellow Pages or searching the internet for an accountant only to finally have to settle on a second rate product or service that may or may not be able to satisfy your accounting needs, then you already know what we are talking about.

Fortunately for you, you were able to call DMC and get exactly what you were looking for in a neat little package. Not only do our consultants have expertise and certifications in the software that you are using, but we can also complete your project work in a timely and efficient manner. DMC Accounting + Technology's focus is to help small businesses build a solid understanding of their accounting software, related systems and operating procedures. We provide assistance with the selection, system conversion, set-up, training and general support on numerous accounting software packages including MYOB, QuickBooks, Intuit Master Builder, Deltek Advantage, QuickBooks, BST Enterprise, Peachtree and sema4.

Support for businesses includes bookkeeping and accounting services including year-end and tax planning, filing of taxes, and system overviews to help solve and simplify management issues. With services as broad and critical as these, why bother going anywhere else?

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Recommended Reading by Doris Cahill

Not paying attention to the basics of bank account management and fundamental accounting controls can create financial nightmares for your firm. For example, ignoring the monthly bank reconciliation can result in unrecognized income or expenses, and opens up the door to fraud. The bank reconciliation compares the bank's record of account activity to your internal checkbook register; it's a way of making sure that the amount of cash on your books is accurate at any given point in time. The reconciliation process begins with the ending balance on the bank statement. This balance is then adjusted for any transactions that have yet to clear the account, such as un-cleared checks and recent deposits. The adjusted balance should equal the cash balance on your books in order to consider your cash reconciled. Unfortunately, the bank account reconciliation process seems to be one of the first accounting responsibilities that slides when things are busy and time is constrained. Many firms are currently experiencing rapid growth with the latest economic boom, and when times are good, principals and owners tend to be less worried about cash flow. Accounting staff turnover may also contribute to a lack of discipline when it comes to mundane accounting tasks. The need for well trained bookkeepers and controllers is outpacing the demand. As a result, checkbooks can go unmanaged for weeks or months while a firm seeks a competent hire. A lot can go wrong in this span of time…..For more information please go to the DMC web site at www.dmcsystems.com.

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