Re-keying, slow closes and data risk
What accounting practices report when each client is separate.
- !2 to 3×The same salary data keyed into a sheet, a payroll file and a 24Q utility.
- !Slow closesEach client cycle opened, run and reconciled one at a time.
- !Return driftForm 24Q and Form 16 matched against payroll by hand per company.
- !Data riskClient data spread across files and machines, hard to secure.