NSW councils need to improve the quality of their financial reporting, according to an Auditor General’s report which found $1.4 billion worth of accounting errors last financial year.

This article makes you realise the scale of what I see as a general issue that impacts SMEs as much as councils. Poor processes or not being able to measure quality is costing companies an enormous amount of money. NSW councils told to improve financial reporting Judy...

The rise and rise of the virtual CFO

We are focusing Watchful Eye on enabling Virtual CFOs to understand the quality a businesses accounting processes so they can improve these to ensure the financial reporting is reliable before moving on to add value with more strategic advice. A good article on why...

Do you care about your Clients?

We are developing ideas around how Watchful Eye can be used as an integral part of your client engagement strategy, looking at what is going on in your clients Xero or MYOB systems and asking pertinent questions or raising alerts to check processes. If the research in...

Accounts Payable best practices

Are you doing what you can to ensure nothing slips through your accounts payable process? A good article by Xero about how accounts payable automation can help (link below) but automation does not solve all of your problems and also creates a couple. We look for...