About Pete
KPMG, PwC, and Grant Thornton
What accounting/consulting firms has Pete worked for?
It is the accounting equation.
What is Assets - Liabilities = Shareholder's Equity?
Supporting Strategies meets the bookkeeping needs of businesses based on three key differentiators.
What are People, Process, and Technology?
A friend of a friend owns a 25 employee company out of state whose bookkeeper just quit. Owner mentions that he/she could do the books but its not their "highest and best" use of their time
Who is Pete at Supporting Strategies?
The only type of bank/credit card access a business owner should give to their bookkeeper
What is read only access?
Favorite place for racing sailboats but the summers usually had no wind.
What is Annapolis, Maryland?
When revenues exceed expenses.
What is profitability?
The 5 main functions Supporting Strategies supports.
What are:
Expenses & Accounts Payable
Revenue & Accounts Receivable
Month-End Close
Financials, Planning & Analysis
Payroll & New Hire Administration
A client is not happy with the responsiveness of their CPA who has been doing their bookkeeping and filing their tax returns for the past 5 years.
Who is Austin at Ennis Pellum?
NOTE: I am sure Austin will call Pete. :-)
Your bookkeeper should not have access to this type of stock
What is check stock?
College degree earned but you will not see on his resume.
What is an Associates Degree from Northern Virginia Community College?
A financial statement that presents the financial position of the company on a particular date
What is the Balance Sheet?
Average number of years of industry related experience held by each bookkeeper hired by Supporting Strategies
What is 10 years?
One of your clients uses Paychex for payroll services and recently mentioned they no longer have time to collect timesheets and enter the payroll for each pay period.
Who is Pete at Supporting Strategies?
If you find passwords annoying, you might not like ____________ much. Security experts say this double security plays a critical role in protecting your data and online accounts
What is 2 factor authentication?
NOTE: We use this on our proprietary system, WorkPlace.
Number of years owning Supporting Strategies and residing in Jacksonville
What is 4 years?
Bought the franchise in Oct. 2014 and moved to Jax in July 2015.
Businesses should do this every month to make sure everything ticks and ties.
What is reconciling and closing the books?
The approach used in Supporting Strategies workflow that creates checks and balances?
What is the team of two approach?
A company is looking to convert from QuickBooks to Sage Intacct.
Who is Austin at Ennis Pellum?
If you lookup the phrase bookkeeping and ________ on Google you will find tens of thousands of horror stories. Opportunity, pressure and rationalization are the three biggest root causes for this.
What is embezzlement?
Denmark has these people living there.
Who are Diane's relatives?
Recording transactions in the month they occur
What are accrual basis?
Supporting Strategies proprietary workflow management system?
What is WorkPlace?
A $5M - $50M professional service company needs a bookkeeper/controller and is trying to decide whether to hire a full time employee in-house or to outsource their bookkeeping to their CPA
Who is Pete at Supporting Strategies?
Name the accounts on the general ledger that should be reconciled each month
What is "all of them"?