Your Key Financial Players

What you delegate:
- Payroll processing/management
- Coding transactions in the books
- Monthly reconciliations
- Monthly 3-way IOLTA reconciliation
- Manage journal entries
- Monthly review for accuracy
- Publishing financial statements
What you're responsible for:
- Review coding for accuracy
- Provide clarity around transactions
- Storing supporting documentation
- Reviewing financial statements
- Communicating effectively
- Asking questions to understand
What you delegate:
- Streamline accounting processes
- KPI development and monitoring
- Communicating immediate flags
- Identifying bottlenecks
- Identifying efficiencies
- Financial summaries
- Strategic planning
What you're responsible for:
- Finding a good fit
- Communicating the vision
- Providing feedback
- Taking action (COO/CEO)
- Communicating effectively
- Asking questions to understand
What you delegate:
- Quarterly estimated tax payments
- Annual tax return filings
- Annual 1099s
- Tax strategy
What you're responsible for:
- Finding a good fit
- Thinking 3-5 years ahead
- Accepting that taxes aren't bad
- Storing supporting documentation
- Communicating effectively
- Ask questions to understand
What you delegate:
- Clarify retirement goals and options
- Creating the strategy
- Periodic updates and analysis
What you're responsible for:
- Providing relevant updates
- Bi-annual meetings
- Understand what to monitor
- Communicating effectively
- Ask questions to understand
What you delegate:
- IOLTA resources
- Funding options
- Resources
What you're responsible for:
- Understand your options
- Ask questions
- Communicating effectively
- Ask questions to understand