All businesses should have a systematic way of processing their accounting data on a regular, accurate and controlled basis. Accounting software solutions vary with their feature sets, and it is paramount that your system is consistent with your business needs.
With HJ Wu & Company Inc. as your system project manager, we can guide you through the entire implementation process.
We are capable of supporting you during the evaluation, selection, design and implementation phases of your business' software, hardware, and infrastructure systems process.
We can assist you should you wish to replace your current system or enhance and upgrade your existing systems.
From the conceptualization of your project, we will help you to define your scope, analyzing your business' needs and vendor review process.
Small and Medium sized businesses have limited resources, and owners must be active and vigilant to protect those resources. Good internal controls help manage resources and make sure operations are efficient and effective. Owners/managers must be attentive to the concept and issues of internal controls to safeguard assets and to minimize the risk of fraud, error and loss.
We help you in setting up control methods or procedures customized to your business to:
- Help align objectives of the business
- Safeguard assets
- Prevent and detect fraud and error
- Encourage good management
- Allow action to be taken against undesirable performance
- Reduce exposure to risks
- Ensuring proper, accurate, reliable, timely financial reporting and compliance with regulatory requirements
There are very positive consequences that flow from good internal controls. They result in good communication, better educated regarding procedures, error reduction, protection and authorization, and act as deterrent for those considering fraud.